First Majestic Silver (XSWX:AG) E10: CHF-0.09 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSWX:AG First Majestic Silver Corp XSWX:AG
36 GF Score
Price CHF16.32
GF Value CHF9.17
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is First Majestic Silver E10?

First Majestic Silver XSWX:AG +7.24% 36 E10 is CHF-0.09 as of Jun. 2026. GuruFocus rates XSWX:AG with a GF Score™ of 36/100 and a GF Value™ of CHF9.17 (Significantly Overvalued). The stock has 2 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.

First Majestic Silver's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF0.176. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF-0.09 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was 11.10% per year. During the past 5 years, the average E10 Growth Rate was -10.90% 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 First Majestic Silver was 14.50% per year. The lowest was -100.00% per year. And the median was -31.90% per year.

As of today (2026-08-20), First Majestic Silver's current stock price is CHF16.324. First Majestic Silver's E10 for the quarter that ended in Jun. 2026 was CHF-0.09. First Majestic Silver's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of First Majestic Silver was 1248.00. The lowest was 412.00. And the median was 877.00.


First Majestic Silver  (XSWX:AG) 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 First Majestic Silver was 1248.00. The lowest was 412.00. And the median was 877.00.


Be Aware

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


First Majestic Silver E10 Related Terms


First Majestic Silver E10 Historical Data

* Premium members only.

The historical data trend for First Majestic Silver'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 Majestic Silver E10 Chart

First Majestic Silver 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 -0.18 -0.33 -0.49 -0.48 -0.11

First Majestic Silver Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -0.33 -0.21 -0.11 -0.08 -0.09

XSWX:AG vs EXK: E10 Comparison

For the Silver subindustry, First Majestic Silver'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 Majestic Silver Shiller PE Ratio vs Metals & Mining Industry

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

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


XSWX:AG
36GF Score
First Majestic Silver Corp XSWX:AG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Majestic Silver 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 Majestic Silver's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.176/133.5265*133.5265
=0.176

Current CPI (Jun. 2026) = 133.5265.

First Majestic Silver Quarterly Data

per share eps CPI Adj_EPS
201609 0.049 101.765 0.064
201612 0.010 101.449 0.013
201703 0.020 102.634 0.026
201706 0.010 103.029 0.013
201709 -0.010 103.345 -0.013
201712 -0.336 103.345 -0.434
201803 -0.028 105.004 -0.036
201806 -0.218 105.557 -0.276
201809 0.029 105.636 0.037
201812 -0.883 105.399 -1.119
201903 0.010 106.979 0.012
201906 -0.059 107.690 -0.073
201909 0.040 107.611 0.050
201912 -0.194 107.769 -0.240
202003 -0.144 107.927 -0.178
202006 -0.048 108.401 -0.059
202009 0.128 108.164 0.158
202012 0.142 108.559 0.175
202103 0.009 110.298 0.011
202106 0.054 111.720 0.065
202109 -0.065 112.905 -0.077
202112 -0.015 113.774 -0.018
202203 0.028 117.646 0.032
202206 -0.310 120.806 -0.343
202209 -0.078 120.648 -0.086
202212 -0.056 120.964 -0.062
202303 -0.342 122.702 -0.372
202306 -0.054 124.203 -0.058
202309 -0.081 125.230 -0.086
202312 0.035 125.072 0.037
202403 -0.044 126.258 -0.047
202406 -0.152 127.522 -0.159
202409 -0.076 127.285 -0.080
202412 -0.036 127.364 -0.038
202503 0.009 129.181 0.009
202506 0.089 129.892 0.091
202509 0.048 130.287 0.049
202512 0.128 130.366 0.131
202603 0.205 132.262 0.207
202606 0.176 133.527 0.176

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 CHF-0.09 mean?
First Majestic Silver (XSWX:AG) has a E10 of CHF-0.09 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on First Majestic Silver and its competitors.
Is First Majestic Silver's E10 too high?
First Majestic Silver's current E10 is CHF-0.09. Overall, First Majestic Silver has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Majestic Silver's E10 compare to EXK?
First Majestic Silver's E10 of CHF-0.09 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 Majestic Silver and its competitors. First Majestic Silver's current E10 is CHF-0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Majestic Silver stock overvalued right now?
Based on GuruFocus' analysis, First Majestic Silver (XSWX:AG) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF9.17, compared to a current price of CHF16.32 — trading 78% above its estimated fair value. The current E10 is CHF-0.09. First Majestic Silver's overall GF Score™ is 36/100 with 2 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 First Majestic Silver (XSWX:AG), the current E10 is CHF-0.09 as of Jun. 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 First Majestic Silver (XSWX:AG) Overvalued in 2026?

Based on GuruFocus' analysis, First Majestic Silver stock appears to be overvalued. The current stock price of CHF16.32 is trading 78% above its estimated GF Value™ of CHF9.17. GuruFocus considers First Majestic Silver to be Significantly Overvalued.

Key valuation signals for XSWX:AG:

  • E10: CHF-0.09
  • GF Value™: CHF9.17 vs. price of CHF16.32 (78% above fair value)
  • GF Score™: 36/100 with 2 warning signs

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


First Majestic Silver Business Description

Address 925 West Georgia Street, Suite 1800, Vancouver, BC, CAN, V6C 3L2
First Majestic Silver Corp is in the business of production, development, exploration, and acquisition of mineral properties with a focus on silver and gold production in North America. The company owns four producing mines in Mexico, consisting of the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, the Los Gatos Silver Mine, and the La Encantada Silver Mine. It also owns the Jerritt Canyon Gold Mine in Nevada, USA. Additionally, the firm holds interests in the San Martin Silver Mine and the Del Toro Silver Mine, and several exploration-stage projects. The majority of the company's revenues are from the sale of precious metals contained in dore and concentrate form. It generates maximum revenue from the sale of silver, followed by gold, zinc, copper, and other metals.
36GF Score

Get the complete analysis for XSWX:AG

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

CHF16.32
Price
CHF9.17
GF Value