Ur-Energy (TSX:URE) E10: C$-0.14 (As of Mar. 2026)


TSX:URE Ur-Energy Inc TSX:URE
44 GF Score
Price C$1.86
GF Value C$2.58
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ur-Energy E10?

Ur-Energy TSX:URE -4.12% 44 E10 is C$-0.14 as of Mar. 2026. GuruFocus rates TSX:URE with a GF Score™ of 44/100 and a GF Value™ of C$2.58 (Modestly Undervalued). The stock has 5 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.

Ur-Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was C$-0.096. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.14 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -9.10% 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 Ur-Energy was 10.60% per year. The lowest was -9.10% per year. And the median was 3.30% per year.

As of today (2026-06-26), Ur-Energy's current stock price is C$1.86. Ur-Energy's E10 for the quarter that ended in Mar. 2026 was C$-0.14. Ur-Energy's Shiller PE Ratio of today is .


Ur-Energy  (TSX:URE) 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.


Be Aware

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


Ur-Energy E10 Related Terms


Ur-Energy E10 Historical Data

* Premium members only.

The historical data trend for Ur-Energy'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.

Ur-Energy E10 Chart

Ur-Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.10 -0.09 -0.10 -0.13

Ur-Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.10 -0.11 -0.13 -0.13 -0.14

TSX:URE vs UEC, LEU: E10 Comparison

For the Uranium subindustry, Ur-Energy'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.


Ur-Energy Shiller PE Ratio vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ur-Energy's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ur-Energy's Shiller PE Ratio falls into.


TSX:URE
44GF Score
Ur-Energy Inc TSX:URE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ur-Energy 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, Ur-Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.096/330.2130*330.2130
=-0.096

Current CPI (Mar. 2026) = 330.2130.

Ur-Energy Quarterly Data

per share eps CPI Adj_EPS
201606 -0.017 241.018 -0.023
201609 0.013 241.428 0.018
201612 0.000 241.432 0.000
201703 0.040 243.801 0.054
201706 0.013 244.955 0.018
201709 -0.025 246.819 -0.033
201712 -0.025 246.524 -0.033
201803 0.052 249.554 0.069
201806 0.026 251.989 0.034
201809 -0.026 252.439 -0.034
201812 -0.013 251.233 -0.017
201903 -0.040 254.202 -0.052
201906 -0.013 256.143 -0.017
201909 -0.040 256.759 -0.051
201912 0.026 256.974 0.033
202003 -0.028 258.115 -0.036
202006 -0.027 257.797 -0.035
202009 -0.026 260.280 -0.033
202012 -0.038 260.474 -0.048
202103 -0.050 264.877 -0.062
202106 -0.049 271.696 -0.060
202109 -0.051 274.310 -0.061
202112 0.000 278.802 0.000
202203 -0.038 287.504 -0.044
202206 -0.002 296.311 -0.002
202209 -0.040 296.808 -0.045
202212 -0.027 296.797 -0.030
202303 -0.004 301.836 -0.004
202306 -0.040 305.109 -0.043
202309 -0.095 307.789 -0.102
202312 -0.027 306.746 -0.029
202403 -0.095 312.332 -0.100
202406 -0.027 314.175 -0.028
202409 -0.027 315.301 -0.028
202412 -0.085 315.605 -0.089
202503 -0.043 319.799 -0.044
202506 -0.082 322.561 -0.084
202509 -0.097 324.800 -0.099
202512 -0.055 324.054 -0.056
202603 -0.096 330.213 -0.096

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$-0.14 mean?
Ur-Energy (TSX:URE) has a E10 of C$-0.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ur-Energy and its competitors.
Is Ur-Energy's E10 too high?
Ur-Energy's current E10 is C$-0.14. Overall, Ur-Energy has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ur-Energy's E10 compare to UEC and LEU?
Ur-Energy's E10 of C$-0.14 can be compared against companies in the Other Energy Sources 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 Other Energy Sources company?
A good E10 depends on the Other Energy Sources 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 Ur-Energy and its competitors. Ur-Energy's current E10 is C$-0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ur-Energy stock overvalued right now?
Based on GuruFocus' analysis, Ur-Energy (TSX:URE) is currently considered Modestly Undervalued. The stock's GF Value™ is C$2.58, compared to a current price of C$1.86 — trading 27.9% below its estimated fair value. The current E10 is C$-0.14. Ur-Energy's overall GF Score™ is 44/100 with 5 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 Ur-Energy (TSX:URE), the current E10 is C$-0.14 as of Mar. 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 Ur-Energy (TSX:URE) Overvalued in 2026?

Based on GuruFocus' analysis, Ur-Energy stock appears to be undervalued. The current stock price of C$1.86 is trading 27.9% below its estimated GF Value™ of C$2.58. GuruFocus considers Ur-Energy to be Modestly Undervalued.

Key valuation signals for TSX:URE:

  • E10: C$-0.14
  • GF Value™: C$2.58 vs. price of C$1.86 (27.9% below fair value)
  • GF Score™: 44/100 with 5 warning signs

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


Ur-Energy Business Description

Other Exchanges URG:USAU9T:Germany
Address 1478 Willer Drive, Casper, WY, USA, 82604
Ur-Energy Inc is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development, and production of uranium mineral resources located in Wyoming. The company owns and operates the Lost Creek in-situ recovery uranium facility in south-central Wyoming, Lost Creek received an amendment to its license allowing the expansion of mining activities within the existing Lost Creek Project and the adjacent LC East Project; Shirley Basin; Other U.S. Projects.
44GF Score

Get the complete analysis for TSX:URE

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

C$1.86
Price
C$2.58
GF Value