Asante Gold (XGHA:ASG) E10 : GHS-0.90 (As of Apr. 2024)

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What is Asante Gold 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.

Asante Gold's adjusted earnings per share data for the three months ended in Apr. 2024 was GHS-0.606. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is GHS-0.90 for the trailing ten years ended in Apr. 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.

As of today (2024-06-20), Asante Gold's current stock price is GHS8.89. Asante Gold's E10 for the quarter that ended in Apr. 2024 was GHS-0.90. Asante Gold's Shiller PE Ratio of today is .

Asante Gold E10 Historical Data

The historical data trend for Asante Gold'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.

Asante Gold E10 Chart

Asante Gold Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

E10

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-0.41

-0.71

Asante Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
E10	Get a 7-Day Free Trial															-0.43	-0.71	-0.88	-0.71	-0.90

Competitive Comparison of Asante Gold's E10

For the Gold subindustry, Asante Gold'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.

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

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

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

Asante Gold 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, Asante Gold's adjusted earnings per share data for the three months ended in Apr. 2024 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Apr. 2024 (Change)	*	Current CPI (Apr. 2024)
	=	-0.606	/	126.8896	*	126.8896
	=	-0.606

Current CPI (Apr. 2024) = 126.8896.

Asante Gold Quarterly Data

	per share eps	CPI	Adj_EPS
201407	-0.139	99.315	-0.178
201410	-0.135	99.473	-0.172
201501	-0.086	98.209	-0.111
201504	-0.126	99.710	-0.160
201507	-0.116	100.579	-0.146
201510	-0.116	100.500	-0.146
201601	-0.086	100.184	-0.109
201604	-0.121	101.370	-0.151
201607	-0.116	101.844	-0.145
201610	-0.113	102.002	-0.141
201701	0.108	102.318	0.134
201704	-0.072	103.029	-0.089
201707	-0.122	103.029	-0.150
201710	-0.053	103.424	-0.065
201801	0.113	104.056	0.138
201804	-0.032	105.320	-0.039
201807	-0.070	106.110	-0.084
201810	-0.115	105.952	-0.138
201901	-0.036	105.557	-0.043
201904	-0.031	107.453	-0.037
201907	-0.043	108.243	-0.050
201910	-0.115	107.927	-0.135
202001	0.000	108.085	0.000
202004	-0.017	107.216	-0.020
202007	-0.025	108.401	-0.029
202010	-0.025	108.638	-0.029
202101	-0.005	109.192	-0.006
202104	-0.123	110.851	-0.141
202107	-0.041	112.431	-0.046
202110	-0.367	113.695	-0.410
202201	0.018	114.801	0.020
202204	-0.819	118.357	-0.878
202207	-0.584	120.964	-0.613
202210	-2.115	121.517	-2.209
202301	-2.325	121.596	-2.426
202304	-1.969	123.571	-2.022
202307	-1.600	124.914	-1.625
202310	-1.205	125.310	-1.220
202401	1.097	125.072	1.113
202404	-0.606	126.890	-0.606

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

Asante Gold (XGHA:ASG) 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.

Asante Gold E10 Related Terms

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

Asante Gold (XGHA:ASG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Asante Gold Corp (XGHA:ASG) » Definitions » E10

Comparable Companies

Traded in Other Exchanges

ASGOF:USA 1A9:Germany ASE:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.asantegold.com

Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.