First Canadian Graphite (TSXV:FCI) E10: C$-3.10 (As of Feb. 2026)

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TSXV:FCI First Canadian Graphite Inc TSXV:FCI
22 GF Score
Price C$0.40
! 1 Warning Sign
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What is First Canadian Graphite E10?

First Canadian Graphite TSXV:FCI -6.98% 22 E10 is C$-3.10 as of Feb. 2026. GuruFocus rates TSXV:FCI with a GF Score™ of 22/100. The stock has 1 warning sign 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.

First Canadian Graphite's adjusted earnings per share data for the three months ended in Feb. 2026 was C$-0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-3.10 for the trailing ten years ended in Feb. 2026.

During the past 3 years, the average E10 Growth Rate was 18.20% per year. During the past 5 years, the average E10 Growth Rate was 19.70% per year. During the past 10 years, the average E10 Growth Rate was 26.10% 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 First Canadian Graphite was 34.70% per year. The lowest was 15.00% per year. And the median was 25.95% per year.

As of today (2026-08-01), First Canadian Graphite's current stock price is C$0.40. First Canadian Graphite's E10 for the quarter that ended in Feb. 2026 was C$-3.10. First Canadian Graphite's Shiller PE Ratio of today is .


First Canadian Graphite  (TSXV:FCI) 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.


First Canadian Graphite E10 Related Terms


First Canadian Graphite E10 Historical Data

* Premium members only.

The historical data trend for First Canadian Graphite'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.

First Canadian Graphite E10 Chart

First Canadian Graphite Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.50 -5.66 -5.01 -3.98 -3.10

First Canadian Graphite Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -3.98 -3.97 -3.38 -3.14 -3.10

First Canadian Graphite E10 Competitor Comparison

For the Other Industrial Metals & Mining subindustry, First Canadian Graphite'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.


First Canadian Graphite Shiller PE Ratio vs Metals & Mining Industry

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

* The bar in red indicates where First Canadian Graphite's Shiller PE Ratio falls into.


TSXV:FCI
22GF Score
First Canadian Graphite Inc TSXV:FCI
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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First Canadian Graphite 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, First Canadian Graphite's adjusted earnings per share data for the three months ended in Feb. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2026 (Change)*Current CPI (Feb. 2026)
=-0.03/131.0772*131.0772
=-0.030

Current CPI (Feb. 2026) = 131.0772.

First Canadian Graphite Quarterly Data

per share eps CPI Adj_EPS
201605 -0.400 101.765 -0.515
201608 -0.400 101.686 -0.516
201611 -2.800 101.607 -3.612
201702 -4.400 102.476 -5.628
201705 -1.600 103.108 -2.034
201708 -2.800 103.108 -3.560
201711 -3.200 103.740 -4.043
201802 -1.447 104.688 -1.812
201805 -0.800 105.399 -0.995
201808 -0.400 106.031 -0.494
201811 -0.400 105.478 -0.497
201902 -0.800 106.268 -0.987
201905 -0.400 107.927 -0.486
201908 -0.400 108.085 -0.485
201911 -0.300 107.769 -0.365
202002 -1.100 108.559 -1.328
202005 -0.100 107.532 -0.122
202008 -0.100 108.243 -0.121
202011 -0.100 108.796 -0.120
202102 -0.472 109.745 -0.564
202105 -0.200 111.404 -0.235
202108 -0.100 112.668 -0.116
202111 -0.100 113.932 -0.115
202202 -0.100 115.986 -0.113
202205 -0.200 120.016 -0.218
202208 -1.000 120.569 -1.087
202211 -0.200 121.675 -0.215
202302 -0.100 122.070 -0.107
202305 -0.073 124.045 -0.077
202308 -0.100 125.389 -0.105
202311 -0.050 125.468 -0.052
202402 -0.040 125.468 -0.042
202405 -0.020 127.601 -0.021
202408 -0.020 127.838 -0.021
202411 -0.030 127.838 -0.031
202502 -0.064 128.786 -0.065
202505 -0.010 129.813 -0.010
202508 -0.010 130.208 -0.010
202511 -0.010 130.682 -0.010
202602 -0.030 131.077 -0.030

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$-3.10 mean?
First Canadian Graphite (TSXV:FCI) has a E10 of C$-3.10 as of Feb. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Canadian Graphite and its competitors.
Is First Canadian Graphite's E10 too high?
First Canadian Graphite's current E10 is C$-3.10. Overall, First Canadian Graphite has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does First Canadian Graphite's E10 compare to competitors?
First Canadian Graphite's E10 of C$-3.10 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good E10 depends on the Metals & Mining 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 First Canadian Graphite and its competitors. First Canadian Graphite's current E10 is C$-3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Canadian Graphite stock overvalued right now?
First Canadian Graphite (TSXV:FCI) has a current E10 of C$-3.10. The current E10 is C$-3.10. First Canadian Graphite's overall GF Score™ is 22/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For First Canadian Graphite (TSXV:FCI), the current E10 is C$-3.10 as of Feb. 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.

First Canadian Graphite Business Description

Other Exchanges GRAPF:USABR2:Germany
Address 1100 - 1111 Melville Street, Thomas Yingling, Vancouver, BC, CAN, V6E 3V6
First Canadian Graphite Inc is engaged in an exploration and development mining company. The company is focused on graphite projects in Quebec to fulfill the growing demand for locally sourced critical minerals. The projects of the company include the Berkwood Graphite Project and the Jupiter Project in Quebec, and the Stallion Project in British Columbia.
22GF Score

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

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