HGLD (Patagonia Gold) Shiller PE Ratio: (As of Sep. 15, 2026)

Author: Vera Yuan Vera Yuan
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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.

HGLD Patagonia Gold Corp HGLD
25 GF Score
Price $0.32
GF Value $0.04
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Patagonia Gold Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Patagonia Gold  (OTCPK:HGLD) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Patagonia Gold Shiller PE Ratio Related Terms


Patagonia Gold Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Patagonia Gold's Shiller PE Ratio 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.

Patagonia Gold Shiller PE Ratio Chart

Patagonia Gold Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Patagonia Gold Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

HGLD vs HL: Shiller PE Ratio Comparison

For the Other Precious Metals & Mining subindustry, Patagonia 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.


Patagonia Gold Shiller PE Ratio vs Metals & Mining Industry

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

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


HGLD
25GF Score
Patagonia Gold Corp HGLD
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Patagonia Gold Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Patagonia Gold's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Patagonia Gold'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)
=-0.0047/133.5265*133.5265
=-0.005

Current CPI (Jun. 2026) = 133.5265.

Patagonia Gold Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 -0.038 98.367 -0.051
201506 -0.057 100.500 -0.076
201512 -0.012 99.947 -0.016
201606 -0.027 102.002 -0.035
201706 0.011 103.029 0.014
201712 0.010 103.345 0.013
201803 -0.017 105.004 -0.022
201806 -0.019 105.557 -0.024
201809 0.016 105.636 0.020
201812 -0.006 105.399 -0.007
201903 -0.014 106.979 -0.018
201906 0.000 107.690 0.000
201909 -0.005 107.611 -0.006
201912 -0.022 107.769 -0.027
202003 -0.002 107.927 -0.002
202006 -0.001 108.401 -0.001
202009 -0.003 108.164 -0.004
202012 -0.007 108.559 -0.009
202103 -0.001 110.298 -0.001
202106 -0.006 111.720 -0.007
202109 -0.004 112.905 -0.004
202112 -0.014 113.774 -0.017
202203 -0.007 117.646 -0.007
202206 -0.001 120.806 -0.001
202209 -0.004 120.648 -0.005
202212 0.003 120.964 0.003
202303 -0.005 122.702 -0.006
202306 -0.006 124.203 -0.007
202309 -0.005 125.230 -0.005
202312 0.003 125.072 0.003
202403 -0.005 126.258 -0.005
202406 -0.006 127.522 -0.006
202409 -0.006 127.285 -0.007
202412 -0.008 127.364 -0.008
202503 -0.005 129.181 -0.006
202506 -0.003 129.892 -0.003
202509 -0.001 130.287 -0.001
202512 -0.005 130.366 -0.005
202603 -0.008 132.262 -0.008
202606 -0.005 133.527 -0.005

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

Is Patagonia Gold (HGLD) Overvalued in 2026?

Based on GuruFocus' analysis, Patagonia Gold stock appears to be overvalued. The current stock price of $0.32 is trading 700% above its estimated GF Value™ of $0.04. GuruFocus considers Patagonia Gold to be Significantly Overvalued.

Key valuation signals for HGLD:

  • Shiller PE Ratio:
  • GF Value™: $0.04 vs. price of $0.32 (700% above fair value)
  • GF Score™: 25/100 with 7 warning signs

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


Patagonia Gold Business Description

Other Exchanges 0N9:GermanyPGDC:Canada
Address 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8
Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria and others.
25GF Score

Get the complete analysis for HGLD

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

$0.32
Price
$0.04
GF Value