Gold Bull Resources (TSXV:GBRC) E10 : C$-1.50 (As of Mar. 2024)

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What is Gold Bull Resources 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.

Gold Bull Resources's adjusted earnings per share data for the three months ended in Mar. 2024 was C$-0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-1.50 for the trailing ten years ended in Mar. 2024.

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 Gold Bull Resources was 33.40% per year. The lowest was 14.30% per year. And the median was 16.10% per year.

As of today (2024-06-20), Gold Bull Resources's current stock price is C$0.44. Gold Bull Resources's E10 for the quarter that ended in Mar. 2024 was C$-1.50. Gold Bull Resources's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Gold Bull Resources was 1.05. The lowest was 0.00. And the median was 0.00.

Gold Bull Resources E10 Historical Data

The historical data trend for Gold Bull Resources'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.

Gold Bull Resources E10 Chart

Gold Bull Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

E10

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-5.90

3.49

6.18

30.26

-1.78

Gold Bull Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
E10	Get a 7-Day Free Trial															-0.78	-1.78	-1.69	-1.59	-1.50

Competitive Comparison of Gold Bull Resources's E10

For the Gold subindustry, Gold Bull Resources'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.

Gold Bull Resources's Shiller PE Ratio Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Gold Bull Resources's Shiller PE Ratio falls into.

Gold Bull Resources 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, Gold Bull Resources's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	-0.02	/	126.2576	*	126.2576
	=	-0.020

Current CPI (Mar. 2024) = 126.2576.

Gold Bull Resources Quarterly Data

	per share eps	CPI	Adj_EPS
201406	-4.677	99.473	-5.936
201409	3.322	99.394	4.220
201412	-0.350	98.367	-0.449
201503	-0.943	99.789	-1.193
201506	-0.595	100.500	-0.747
201509	-0.300	100.421	-0.377
201512	-0.300	99.947	-0.379
201603	-1.200	101.054	-1.499
201606	0.000	102.002	0.000
201609	-0.300	101.765	-0.372
201612	-2.400	101.449	-2.987
201703	-0.300	102.634	-0.369
201706	-0.900	103.029	-1.103
201709	-0.300	103.345	-0.367
201712	-0.139	103.345	-0.170
201803	-0.100	105.004	-0.120
201806	-0.100	105.557	-0.120
201809	-0.078	105.636	-0.093
201812	-0.046	105.399	-0.055
201903	-0.100	106.979	-0.118
201906	-0.100	107.690	-0.117
201909	-0.032	107.611	-0.038
201912	-0.100	107.769	-0.117
202003	-0.100	107.927	-0.117
202006	-0.100	108.401	-0.116
202009	-0.200	108.164	-0.233
202012	-0.300	108.559	-0.349
202103	-0.200	110.298	-0.229
202106	-0.200	111.720	-0.226
202109	-0.100	112.905	-0.112
202112	-0.200	113.774	-0.222
202203	-0.100	117.646	-0.107
202206	-0.180	120.806	-0.188
202209	-0.038	120.648	-0.040
202212	-0.033	120.964	-0.034
202303	-0.044	122.702	-0.045
202306	-0.030	124.203	-0.030
202309	-0.018	125.230	-0.018
202312	-0.030	125.072	-0.030
202403	-0.020	126.258	-0.020

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

Gold Bull Resources (TSXV:GBRC) 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.

During the past 13 years, the highest Shiller P/E Ratio of Gold Bull Resources was 1.05. The lowest was 0.00. And the median was 0.00.

Be Aware

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

Gold Bull Resources E10 Related Terms

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

Gold Bull Resources (TSXV:GBRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Bull Resources Corp (TSXV:GBRC) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

GBRCF:USA G3G:Germany

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldbull.ca

Gold Bull Resources Corp is a gold focused mineral exploration company. It strives to generate and advance high-reward project acquisitions in regions with proven mineral wealth. Gold Bull's mission is to grow into a US focused mid-tier gold development company. The company's exploration hub is based in Nevada, USA, a top-tier mineral district that contain significant historical production, existing mining infrastructure and an established mining culture. The company's objective is to generate stakeholder value and superior investment returns through the discovery and responsible development of mineral resources.

Executives

James Yates

Director

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