You simply went 1.8 times times inflation of 3% over ten years is 1.8 times 1.03 power 10 = $2.42 (which is correct) and then compared that to the current share price of $3.17, then subtract the diff and put that over 2.42 to come up with a "gain" of 31%. That is just silly as people concentrate on the % without considering the real compounding return. If you are going to compare % rates of return, have to do that on a annual basis - so that you are comparing apple with apples. I just used the same method solving an equation (3.17 div 1.8 then 10th root) to get 1.058 (1.05822 actually). That represents an annualised return of 5.822%...or 2.822% gain over inflation of 1.03. Yes the numerical "gain" at the end of 31% sounds impressive until you do the maths and see that the real return is only 2.8% above inflation...not such a headline grabber. You certainly convinced the next dude.