Bradespar (BSP:BRAP4) E10: R$7.49 (As of Mar. 2026)


BSP:BRAP4 Bradespar SA BSP:BRAP4
50 GF Score
Price R$22.21
GF Value R$10.95
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Bradespar E10?

Bradespar BSP:BRAP4 -0.45% 50 E10 is R$7.49 as of Mar. 2026. GuruFocus rates BSP:BRAP4 with a GF Score™ of 50/100 and a GF Value™ of R$10.95 (Significantly Overvalued). The stock has 3 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.

Bradespar's adjusted earnings per share data for the three months ended in Mar. 2026 was R$1.322. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$7.49 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bradespar's average E10 Growth Rate was 20.60% per year. During the past 3 years, the average E10 Growth Rate was 17.80% per year. During the past 5 years, the average E10 Growth Rate was 33.90% 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 Bradespar was 70.40% per year. The lowest was 17.80% per year. And the median was 32.50% per year.

As of today (2026-06-29), Bradespar's current stock price is R$22.21. Bradespar's E10 for the quarter that ended in Mar. 2026 was R$7.49. Bradespar's Shiller PE Ratio of today is 2.97.

During the past 13 years, the highest Shiller PE Ratio of Bradespar was 48.14. The lowest was 2.68. And the median was 8.33.


Bradespar  (BSP:BRAP4) 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.

Bradespar's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.21/7.49
=2.97

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Bradespar was 48.14. The lowest was 2.68. And the median was 8.33.


Be Aware

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


Bradespar E10 Related Terms


Bradespar E10 Historical Data

* Premium members only.

The historical data trend for Bradespar'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.

Bradespar E10 Chart

Bradespar 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 3.46 4.49 4.91 5.19 7.03

Bradespar 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 5.70 5.77 6.16 7.03 7.49

BSP:BRAP4 vs BLK, BX, KKR: E10 Comparison

For the Asset Management subindustry, Bradespar'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.


Bradespar Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Bradespar's Shiller PE Ratio distribution charts can be found below:

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


BSP:BRAP4
50GF Score
Bradespar SA BSP:BRAP4
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bradespar 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, Bradespar'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)
=1.322/175.0655*175.0655
=1.322

Current CPI (Mar. 2026) = 175.0655.

Bradespar Quarterly Data

per share eps CPI Adj_EPS
201606 0.432 108.851 0.695
201609 0.144 109.986 0.229
201612 0.126 110.802 0.199
201703 1.006 111.869 1.574
201706 -0.279 112.115 -0.436
201709 1.641 112.777 2.547
201712 3.165 114.068 4.857
201803 -0.677 114.868 -1.032
201806 -1.479 117.038 -2.212
201809 0.294 117.881 0.437
201812 4.705 118.340 6.960
201903 -0.848 120.124 -1.236
201906 -0.051 120.977 -0.074
201909 0.863 121.292 1.246
201912 -0.927 123.436 -1.315
202003 0.128 124.092 0.181
202006 0.695 123.557 0.985
202009 2.026 125.095 2.835
202012 0.829 129.012 1.125
202103 4.589 131.660 6.102
202106 5.354 133.871 7.002
202109 2.809 137.913 3.566
202112 7.073 141.992 8.720
202203 2.208 146.537 2.638
202206 2.370 149.784 2.770
202209 2.538 147.800 3.006
202212 1.789 150.207 2.085
202303 1.835 153.352 2.095
202306 0.418 154.519 0.474
202309 1.026 155.464 1.155
202312 1.251 157.148 1.394
202403 0.820 159.372 0.901
202406 1.279 161.052 1.390
202409 0.957 162.342 1.032
202412 -0.208 164.740 -0.221
202503 0.760 168.102 0.791
202506 1.075 169.670 1.109
202509 1.070 170.739 1.097
202512 -1.599 171.765 -1.630
202603 1.322 175.066 1.322

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 R$7.49 mean?
Bradespar (BSP:BRAP4) has a E10 of R$7.49 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bradespar and its competitors.
Is Bradespar's E10 too high?
Bradespar's current E10 is R$7.49. Overall, Bradespar has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bradespar's E10 compare to BLK and BX?
Bradespar's E10 of R$7.49 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 Bradespar and its competitors. Bradespar's current E10 is R$7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bradespar stock overvalued right now?
Based on GuruFocus' analysis, Bradespar (BSP:BRAP4) is currently considered Significantly Overvalued. The stock's GF Value™ is R$10.95, compared to a current price of R$22.21 — trading 102.8% above its estimated fair value. The current E10 is R$7.49. Bradespar's overall GF Score™ is 50/100 with 3 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 Bradespar (BSP:BRAP4), the current E10 is R$7.49 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 Bradespar (BSP:BRAP4) Overvalued in 2026?

Based on GuruFocus' analysis, Bradespar stock appears to be overvalued. The current stock price of R$22.21 is trading 102.8% above its estimated GF Value™ of R$10.95. GuruFocus considers Bradespar to be Significantly Overvalued.

Key valuation signals for BSP:BRAP4:

  • E10: R$7.49
  • GF Value™: R$10.95 vs. price of R$22.21 (102.8% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the BSP:BRAP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bradespar Business Description

Address Avenue Paulista 1450, 9th floor, Cerqueira Cesar, Sao paulo, SP, BRA, 1310917
Bradespar SA is a Brazil-based holding company whose corporate purpose and single business segment is to hold equity interest as a partner or shareholder in other companies. Its holding companies include Millennium Security Holdings, which does business in the British Virgin Islands; and Vale S.A., which produces iron ore, raw materials for the steel and nickel industries, and metals. The company's operating income originates from equity accounting, dividends, and interest on equity received from Vale and interest from redeemable shares received.
50GF Score

Get the complete analysis for BSP:BRAP4

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

R$22.21
Price
R$10.95
GF Value