Goldgroup Mining (TSXV:GGA) E10: C$-0.98 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:GGA Goldgroup Mining Inc TSXV:GGA
33 GF Score
Price C$4.42
GF Value C$0.53
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Goldgroup Mining E10?

Goldgroup Mining TSXV:GGA -25.71% 33 E10 is C$-0.98 as of Mar. 2026. GuruFocus rates TSXV:GGA with a GF Score™ of 33/100 and a GF Value™ of C$0.53 (Significantly Overvalued). The stock has 6 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.

Goldgroup Mining's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.110. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-0.98 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was 41.60% 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 Goldgroup Mining was 41.60% per year. The lowest was -20.40% per year. And the median was 2.10% per year.

As of today (2026-07-21), Goldgroup Mining's current stock price is C$4.42. Goldgroup Mining's E10 for the quarter that ended in Mar. 2026 was C$-0.98. Goldgroup Mining's Shiller PE Ratio of today is .


Goldgroup Mining  (TSXV:GGA) 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.


Goldgroup Mining E10 Related Terms


Goldgroup Mining E10 Historical Data

* Premium members only.

The historical data trend for Goldgroup 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.

Goldgroup Mining E10 Chart

Goldgroup Mining 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 -5.14 -4.97 -4.99 -2.73 -0.99

Goldgroup Mining 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 -2.67 -2.50 -2.21 -0.99 -0.98

TSXV:GGA vs NEM, AU: E10 Comparison

For the Gold subindustry, Goldgroup 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.


Goldgroup Mining Shiller PE Ratio vs Metals & Mining Industry

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

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


TSXV:GGA
33GF Score
Goldgroup Mining Inc TSXV:GGA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldgroup 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, Goldgroup Mining'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)
=0.11/132.2623*132.2623
=0.110

Current CPI (Mar. 2026) = 132.2623.

Goldgroup Mining Quarterly Data

per share eps CPI Adj_EPS
201606 -0.138 102.002 -0.179
201609 0.524 101.765 0.681
201612 -1.067 101.449 -1.391
201703 0.036 102.634 0.046
201706 -0.532 103.029 -0.683
201709 -0.059 103.345 -0.076
201712 0.528 103.345 0.676
201803 -0.063 105.004 -0.079
201806 -0.102 105.557 -0.128
201809 -0.521 105.636 -0.652
201812 -0.537 105.399 -0.674
201903 -0.141 106.979 -0.174
201906 0.146 107.690 0.179
201909 -1.059 107.611 -1.302
201912 0.000 107.769 0.000
202003 -0.048 107.927 -0.059
202006 0.000 108.401 0.000
202009 -0.529 108.164 -0.647
202012 0.000 108.559 0.000
202103 -0.098 110.298 -0.118
202106 0.489 111.720 0.579
202109 -0.355 112.905 -0.416
202112 -0.358 113.774 -0.416
202203 -0.203 117.646 -0.228
202206 -0.210 120.806 -0.230
202209 -0.107 120.648 -0.117
202212 -0.217 120.964 -0.237
202303 -0.164 122.702 -0.177
202306 -0.957 124.203 -1.019
202309 -0.108 125.230 -0.114
202312 0.016 125.072 0.017
202403 0.000 126.258 0.000
202406 0.055 127.522 0.057
202409 -0.054 127.285 -0.056
202412 -0.114 127.364 -0.118
202503 -0.402 129.181 -0.412
202506 -0.929 129.892 -0.946
202509 -0.111 130.287 -0.113
202512 -0.441 130.366 -0.447
202603 0.110 132.262 0.110

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$-0.98 mean?
Goldgroup Mining (TSXV:GGA) has a E10 of C$-0.98 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Goldgroup Mining and its competitors.
Is Goldgroup Mining's E10 too high?
Goldgroup Mining's current E10 is C$-0.98. Overall, Goldgroup Mining has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Goldgroup Mining's E10 compare to NEM and AU?
Goldgroup Mining's E10 of C$-0.98 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 Goldgroup Mining and its competitors. Goldgroup Mining's current E10 is C$-0.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldgroup Mining stock overvalued right now?
Based on GuruFocus' analysis, Goldgroup Mining (TSXV:GGA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.53, compared to a current price of C$4.42 — trading 734% above its estimated fair value. The current E10 is C$-0.98. Goldgroup Mining's overall GF Score™ is 33/100 with 6 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 Goldgroup Mining (TSXV:GGA), the current E10 is C$-0.98 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 Goldgroup Mining (TSXV:GGA) Overvalued in 2026?

Based on GuruFocus' analysis, Goldgroup Mining stock appears to be overvalued. The current stock price of C$4.42 is trading 734% above its estimated GF Value™ of C$0.53. GuruFocus considers Goldgroup Mining to be Significantly Overvalued.

Key valuation signals for TSXV:GGA:

  • E10: C$-0.98
  • GF Value™: C$0.53 vs. price of C$4.42 (734% above fair value)
  • GF Score™: 33/100 with 6 warning signs

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


Goldgroup Mining Business Description

Other Exchanges GGAZF:USA55G0:Germany
Address 1111 Melville Street, Suite 410, Vancouver, BC, CAN, V6E 3V6
Goldgroup Mining Inc is focused on the acquisition, exploration and development of stage gold-bearing mineral properties in the Americas. The Companies current gold production and exploration and development related activities are conducted in Mexico. It property portfolio include Cerro Prieto project in Sonora and Pinos Project.
33GF Score

Get the complete analysis for TSXV:GGA

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

C$4.42
Price
C$0.53
GF Value