BQE Water (TSXV:BQE) E10: C$1.28 (As of Mar. 2026)

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TSXV:BQE BQE Water Inc TSXV:BQE
86 GF Score
Price C$74.94
GF Value C$75.57
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is BQE Water E10?

BQE Water TSXV:BQE 86 E10 is C$1.28 as of Mar. 2026. GuruFocus rates TSXV:BQE with a GF Score™ of 86/100 and a GF Value™ of C$75.57 (Fairly Valued). The stock has 3 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.

BQE Water's adjusted earnings per share data for the three months ended in Mar. 2026 was C$-0.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.28 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BQE Water's average E10 Growth Rate was 116.90% 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 BQE Water was 52.40% per year. The lowest was 1.40% per year. And the median was 16.40% per year.

As of today (2026-07-24), BQE Water's current stock price is C$74.94. BQE Water's E10 for the quarter that ended in Mar. 2026 was C$1.28. BQE Water's Shiller PE Ratio of today is 58.55.

During the past 13 years, the highest Shiller PE Ratio of BQE Water was 744.44. The lowest was 49.99. And the median was 68.36.


BQE Water  (TSXV:BQE) 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.

BQE Water's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=74.94/1.28
=58.55

* 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 BQE Water was 744.44. The lowest was 49.99. And the median was 68.36.


Be Aware

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


BQE Water E10 Related Terms


BQE Water E10 Historical Data

* Premium members only.

The historical data trend for BQE Water'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.

BQE Water E10 Chart

BQE Water 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 -2.17 -1.55 -0.33 0.32 1.23

BQE Water 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 0.59 0.79 0.97 1.23 1.28

TSXV:BQE vs WM, RSG, WCN: E10 Comparison

For the Waste Management subindustry, BQE Water'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.


BQE Water Shiller PE Ratio vs Waste Management Industry

For the Waste Management industry and Industrials sector, BQE Water's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where BQE Water's Shiller PE Ratio falls into.


TSXV:BQE
86GF Score
BQE Water Inc TSXV:BQE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BQE Water 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, BQE Water'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)
=-0.98/132.2623*132.2623
=-0.980

Current CPI (Mar. 2026) = 132.2623.

BQE Water Quarterly Data

per share eps CPI Adj_EPS
201606 -2.000 102.002 -2.593
201609 0.125 101.765 0.162
201612 0.000 101.449 0.000
201703 -1.000 102.634 -1.289
201706 0.282 103.029 0.362
201709 1.000 103.345 1.280
201712 -1.380 103.345 -1.766
201803 -0.640 105.004 -0.806
201806 0.060 105.557 0.075
201809 1.000 105.636 1.252
201812 -0.272 105.399 -0.341
201903 -0.270 106.979 -0.334
201906 0.290 107.690 0.356
201909 0.700 107.611 0.860
201912 -0.520 107.769 -0.638
202003 -0.020 107.927 -0.025
202006 -0.040 108.401 -0.049
202009 1.170 108.164 1.431
202012 -0.170 108.559 -0.207
202103 -0.430 110.298 -0.516
202106 0.650 111.720 0.770
202109 1.230 112.905 1.441
202112 0.640 113.774 0.744
202203 0.150 117.646 0.169
202206 0.500 120.806 0.547
202209 0.450 120.648 0.493
202212 -0.200 120.964 -0.219
202303 -0.270 122.702 -0.291
202306 0.480 124.203 0.511
202309 1.670 125.230 1.764
202312 0.200 125.072 0.211
202403 -0.390 126.258 -0.409
202406 0.430 127.522 0.446
202409 2.710 127.285 2.816
202412 0.940 127.364 0.976
202503 1.330 129.181 1.362
202506 1.460 129.892 1.487
202509 2.120 130.287 2.152
202512 1.270 130.366 1.288
202603 -0.980 132.262 -0.980

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$1.28 mean?
BQE Water (TSXV:BQE) has a E10 of C$1.28 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on BQE Water and its competitors.
Is BQE Water's E10 too high?
BQE Water's current E10 is C$1.28. Overall, BQE Water has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BQE Water's E10 compare to WM and RSG?
BQE Water's E10 of C$1.28 can be compared against companies in the Waste 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 a Waste Management company?
A good E10 depends on the Waste 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 BQE Water and its competitors. BQE Water's current E10 is C$1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BQE Water stock overvalued right now?
Based on GuruFocus' analysis, BQE Water (TSXV:BQE) is currently considered Fairly Valued. The stock's GF Value™ is C$75.57, compared to a current price of C$74.94 — trading 0.8% below its estimated fair value. The current E10 is C$1.28. BQE Water's overall GF Score™ is 86/100 with 3 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 BQE Water (TSXV:BQE), the current E10 is C$1.28 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 BQE Water (TSXV:BQE) Overvalued in 2026?

Based on GuruFocus' analysis, BQE Water stock appears to be undervalued. The current stock price of C$74.94 is trading 0.8% below its estimated GF Value™ of C$75.57. GuruFocus considers BQE Water to be Fairly Valued.

Key valuation signals for TSXV:BQE:

  • E10: C$1.28
  • GF Value™: C$75.57 vs. price of C$74.94 (0.8% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


BQE Water Business Description

Other Exchanges BTQNF:USAUL5A:Germany
Address 30 East 6th Avenue, Suite 200, Vancouver, BC, CAN, V5T 1J4
BQE Water Inc is a service provider specializing in water treatment and management for metals mining, smelting and refining. It is helping to transform the way the industry thinks about water in the context of natural resource projects by offering services and expertise that enable more sustainable water management practices and improved overall project performance at reduced risks. BQE Water invests in and has developed intellectual property through the commercialization of several new technologies at mine sites around the world for organizations including Glencore, Jiangxi Copper, Freeport-McMoRan and the US EPA.
86GF Score

Get the complete analysis for TSXV:BQE

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

C$74.94
Price
C$75.57
GF Value