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SSR Mining (TSX:SSRM) E10 : C$0.30 (As of Dec. 2024)


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What is SSR Mining E10?

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.

SSR Mining's adjusted earnings per share data for the three months ended in Dec. 2024 was C$0.043. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.30 for the trailing ten years ended in Dec. 2024.

During the past 12 months, SSR Mining's average E10 Growth Rate was 30.40% per year. 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SSR Mining was 19.40% per year. The lowest was -44.20% per year. And the median was -1.40% per year.

As of today (2025-03-23), SSR Mining's current stock price is C$15.56. SSR Mining's E10 for the quarter that ended in Dec. 2024 was C$0.30. SSR Mining's Shiller PE Ratio of today is 51.87.

During the past 13 years, the highest Shiller PE Ratio of SSR Mining was 702.50. The lowest was 23.48. And the median was 102.43.


SSR Mining E10 Historical Data

The historical data trend for SSR Mining'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.

* Premium members only.

SSR Mining E10 Chart

SSR Mining Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.18 -0.10 -0.08 0.23 0.30

SSR Mining Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.23 0.07 0.09 0.13 0.30

Competitive Comparison of SSR Mining's E10

For the Gold subindustry, SSR Mining'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.


SSR Mining's Shiller PE Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SSR Mining's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SSR Mining's Shiller PE Ratio falls into.



SSR Mining 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, SSR Mining's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=0.043/133.1571*133.1571
=0.043

Current CPI (Dec. 2024) = 133.1571.

SSR Mining Quarterly Data

per share eps CPI Adj_EPS
201503 0.139 99.621 0.186
201506 -0.111 100.684 -0.147
201509 -0.982 100.392 -1.303
201512 -1.138 99.792 -1.518
201603 0.040 100.470 0.053
201606 0.168 101.688 0.220
201609 0.406 101.861 0.531
201612 0.120 101.863 0.157
201703 0.161 102.862 0.208
201706 0.412 103.349 0.531
201709 0.012 104.136 0.015
201712 0.166 104.011 0.213
201803 -0.013 105.290 -0.016
201806 0.053 106.317 0.066
201809 0.065 106.507 0.081
201812 -0.040 105.998 -0.050
201903 0.067 107.251 0.083
201906 0.120 108.070 0.148
201909 0.225 108.329 0.277
201912 0.619 108.420 0.760
202003 0.265 108.902 0.324
202006 -0.068 108.767 -0.083
202009 0.251 109.815 0.304
202012 0.653 109.897 0.791
202103 0.603 111.754 0.718
202106 0.403 114.631 0.468
202109 0.329 115.734 0.379
202112 0.730 117.630 0.826
202203 0.392 121.301 0.430
202206 0.346 125.017 0.369
202209 -0.160 125.227 -0.170
202212 0.584 125.222 0.621
202303 0.192 127.348 0.201
202306 0.465 128.729 0.481
202309 0.095 129.860 0.097
202312 -1.422 129.419 -1.463
202403 -1.922 131.776 -1.942
202406 0.069 132.554 0.069
202409 0.068 133.029 0.068
202412 0.043 133.157 0.043

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


SSR Mining  (TSX:SSRM) 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.

SSR Mining's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.56/0.30
=51.87

* 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 SSR Mining was 702.50. The lowest was 23.48. And the median was 102.43.


Be Aware

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


SSR Mining E10 Related Terms

Thank you for viewing the detailed overview of SSR Mining's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


SSR Mining Business Description

Address
6900 E. Layton Avenue, Suite 1300, Denver, CO, USA, 80237
SSR Mining Inc is a minerals company focused on mining precious metals in the Americas. More than half of Silver Standard's revenue is attributable to the production of gold, with a key portion derived from silver production. The company owns and operates the Marigold mine in Nevada, United States; the Seabee Gold Operation in Saskatchewan, Canada; and the Puna mine in Argentina. The majority of gold production is derived from the Marigold mine, and Silver Standard's silver production is principally derived from the Puna mine.
Executives
Mike Arthur E. Anglin Director
Alison Lynn White Senior Officer
John Ebbett Senior Officer
Michael John Sparks Senior Officer
Fady Adel Edward Farid Senior Officer
Rod Antal Director, Senior Officer
Stewart Beckman Senior Officer
Alan Peter Krusi Director
Thomas Robert Bates Director
Gregory John Martin Senior Officer
Edward Camp Dowling Director
William John Jr. Decooman Senior Officer
Kevin Patrick O'kane Senior Officer
Nadine June Block Senior Officer
Paul Benson Director, Senior Officer