Queen's Road Capital Investment (TSX:QRC) E10: C$0.89 (As of May. 2026)

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TSX:QRC Queen's Road Capital Investment Ltd TSX:QRC
72 GF Score
Price C$13.40
GF Value C$12.12
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Queen's Road Capital Investment E10?

Queen's Road Capital Investment TSX:QRC -0.37% 72 E10 is C$0.89 as of May. 2026. GuruFocus rates TSX:QRC with a GF Score™ of 72/100 and a GF Value™ of C$12.12 (Modestly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Queen's Road Capital Investment's adjusted earnings per share data for the three months ended in May. 2026 was C$-1.619. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.89 for the trailing ten years ended in May. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-07-15), Queen's Road Capital Investment's current stock price is C$13.40. Queen's Road Capital Investment's E10 for the quarter that ended in May. 2026 was C$0.89. Queen's Road Capital Investment's Shiller PE Ratio of today is 15.06.

During the past 13 years, the highest Shiller PE Ratio of Queen's Road Capital Investment was 23.52. The lowest was 13.10. And the median was 18.13.


Queen's Road Capital Investment  (TSX:QRC) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Queen's Road Capital Investment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.40/0.89
=15.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of Queen's Road Capital Investment was 23.52. The lowest was 13.10. And the median was 18.13.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Queen's Road Capital Investment E10 Related Terms


Queen's Road Capital Investment E10 Historical Data

* Premium members only.

The historical data trend for Queen's Road Capital Investment's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Queen's Road Capital Investment E10 Chart

Queen's Road Capital Investment Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -3.28 -2.88 -2.60 0.47

Queen's Road Capital Investment Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.36 0.47 0.67 1.05 0.89

TSX:QRC vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, Queen's Road Capital Investment's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Queen's Road Capital Investment Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Queen's Road Capital Investment's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Queen's Road Capital Investment's Shiller PE Ratio falls into.


TSX:QRC
72GF Score
Queen's Road Capital Investment Ltd TSX:QRC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Queen's Road Capital Investment E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Queen's Road Capital Investment's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=-1.619/121.3631*121.3631
=-1.619

Current CPI (May. 2026) = 121.3631.

Queen's Road Capital Investment Quarterly Data

per share eps CPI Adj_EPS
201608 -0.794 102.235 -0.943
201611 -0.029 103.005 -0.034
201702 -0.019 103.115 -0.022
201705 -0.016 103.774 -0.019
201708 0.662 104.214 0.771
201711 -0.025 104.654 -0.029
201802 -0.030 106.303 -0.034
201805 -0.020 105.973 -0.023
201808 -0.024 106.633 -0.027
201811 -0.008 107.292 -0.009
201902 -0.020 108.501 -0.022
201905 -0.018 108.831 -0.020
201908 -0.352 110.260 -0.387
201911 -0.060 110.700 -0.066
202002 -1.329 111.030 -1.453
202005 -0.030 110.700 -0.033
202008 0.537 109.820 0.593
202011 -0.261 110.260 -0.287
202102 1.904 111.469 2.073
202105 1.091 111.689 1.185
202108 0.000 111.579 0.000
202111 0.628 112.349 0.678
202202 0.127 113.338 0.136
202205 -0.514 113.118 -0.551
202208 -0.098 113.668 -0.105
202211 0.013 114.328 0.014
202302 -0.538 115.317 -0.566
202305 -0.270 115.427 -0.284
202308 0.943 115.647 0.990
202311 0.822 117.186 0.851
202402 0.459 117.735 0.473
202405 0.834 116.746 0.867
202408 -1.802 118.505 -1.845
202411 1.649 118.835 1.684
202502 -2.030 119.384 -2.064
202505 1.054 118.945 1.075
202508 2.263 119.824 2.292
202511 1.827 120.264 1.844
202602 3.548 121.473 3.545
202605 -1.619 121.363 -1.619

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of C$0.89 mean?
Queen's Road Capital Investment (TSX:QRC) has a E10 of C$0.89 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Queen's Road Capital Investment and its competitors.
Is Queen's Road Capital Investment's E10 too high?
Queen's Road Capital Investment's current E10 is C$0.89. Overall, Queen's Road Capital Investment has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Queen's Road Capital Investment's E10 compare to BLK and BX?
Queen's Road Capital Investment's E10 of C$0.89 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Asset Management company?
A good E10 depends on the Asset Management industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Queen's Road Capital Investment and its competitors. Queen's Road Capital Investment's current E10 is C$0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Queen's Road Capital Investment stock overvalued right now?
Based on GuruFocus' analysis, Queen's Road Capital Investment (TSX:QRC) is currently considered Modestly Overvalued. The stock's GF Value™ is C$12.12, compared to a current price of C$13.40 — trading 10.6% above its estimated fair value. The current E10 is C$0.89. Queen's Road Capital Investment's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Queen's Road Capital Investment (TSX:QRC), the current E10 is C$0.89 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Queen's Road Capital Investment (TSX:QRC) Overvalued in 2026?

Based on GuruFocus' analysis, Queen's Road Capital Investment stock appears to be overvalued. The current stock price of C$13.40 is trading 10.6% above its estimated GF Value™ of C$12.12. GuruFocus considers Queen's Road Capital Investment to be Modestly Overvalued.

Key valuation signals for TSX:QRC:

  • E10: C$0.89
  • GF Value™: C$12.12 vs. price of C$13.40 (10.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the TSX:QRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Queen's Road Capital Investment Business Description

Other Exchanges BRSGF:USA47U0:Germany
Address 2 Queen\'s Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG
Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.
72GF Score

Get the complete analysis for TSX:QRC

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$13.40
Price
C$12.12
GF Value