IRB Brasil Resseguros (BSP:IRBR3) E10: R$8.41 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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BSP:IRBR3 IRB Brasil Resseguros SA BSP:IRBR3
58 GF Score
Price R$53.84
GF Value R$53.06
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is IRB Brasil Resseguros E10?

IRB Brasil Resseguros BSP:IRBR3 -0.48% 58 E10 is R$8.41 as of Mar. 2026. GuruFocus rates BSP:IRBR3 with a GF Score™ of 58/100 and a GF Value™ of R$53.06 (Fairly Valued). The stock has 6 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.

IRB Brasil Resseguros's adjusted earnings per share data for the three months ended in Mar. 2026 was R$1.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$8.41 for the trailing ten years ended in Mar. 2026.

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 (2026-07-25), IRB Brasil Resseguros's current stock price is R$53.84. IRB Brasil Resseguros's E10 for the quarter that ended in Mar. 2026 was R$8.41. IRB Brasil Resseguros's Shiller PE Ratio of today is 6.40.

During the past 12 years, the highest Shiller PE Ratio of IRB Brasil Resseguros was 7.41. The lowest was 6.05. And the median was 6.49.


IRB Brasil Resseguros  (BSP:IRBR3) 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.

IRB Brasil Resseguros's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=53.84/8.41
=6.40

* 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 12 years, the highest Shiller P/E Ratio of IRB Brasil Resseguros was 7.41. The lowest was 6.05. And the median was 6.49.


Be Aware

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


IRB Brasil Resseguros E10 Related Terms


IRB Brasil Resseguros E10 Historical Data

* Premium members only.

The historical data trend for IRB Brasil Resseguros'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.

IRB Brasil Resseguros E10 Chart

IRB Brasil Resseguros 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 0.00 0.00 0.00 0.00 8.35

IRB Brasil Resseguros 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 0.00 0.00 0.00 8.35 8.41

BSP:IRBR3 vs RGA, EG, RNR: E10 Comparison

For the Insurance - Reinsurance subindustry, IRB Brasil Resseguros'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.


IRB Brasil Resseguros Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, IRB Brasil Resseguros's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where IRB Brasil Resseguros's Shiller PE Ratio falls into.


BSP:IRBR3
58GF Score
IRB Brasil Resseguros SA BSP:IRBR3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IRB Brasil Resseguros 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, IRB Brasil Resseguros'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)
=1.15/175.0655*175.0655
=1.150

Current CPI (Mar. 2026) = 175.0655.

IRB Brasil Resseguros Quarterly Data

per share eps CPI Adj_EPS
201512 0.000 104.247 0.000
201609 1.627 109.986 2.590
201612 9.122 110.802 14.413
201703 5.521 111.869 8.640
201706 5.751 112.115 8.980
201709 5.444 112.777 8.451
201712 6.134 114.068 9.414
201803 6.287 114.868 9.582
201806 7.131 117.038 10.667
201809 7.591 117.881 11.273
201812 9.201 118.340 13.611
201903 4.371 120.124 6.370
201906 9.891 120.977 14.313
201909 -0.498 121.292 -0.719
201912 17.424 123.436 24.712
202003 0.996 124.092 1.405
202006 -17.673 123.557 -25.041
202009 -4.232 125.095 -5.923
202012 -12.775 129.012 -17.335
202103 0.996 131.660 1.324
202106 -3.983 133.871 -5.209
202109 -2.987 137.913 -3.792
202112 -7.219 141.992 -8.900
202203 1.494 146.537 1.785
202206 -7.463 149.784 -8.723
202209 -6.450 147.800 -7.640
202212 2.087 150.207 2.432
202303 -0.300 153.352 -0.342
202306 -0.460 154.519 -0.521
202309 0.530 155.464 0.597
202312 -1.290 157.148 -1.437
202403 2.890 159.372 3.175
202406 2.370 161.052 2.576
202409 2.350 162.342 2.534
202412 2.230 164.740 2.370
202503 1.640 168.102 1.708
202506 1.300 169.670 1.341
202509 1.372 170.739 1.407
202512 0.780 171.765 0.795
202603 1.150 175.066 1.150

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$8.41 mean?
IRB Brasil Resseguros (BSP:IRBR3) has a E10 of R$8.41 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on IRB Brasil Resseguros and its competitors.
Is IRB Brasil Resseguros' E10 too high?
IRB Brasil Resseguros' current E10 is R$8.41. Overall, IRB Brasil Resseguros has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IRB Brasil Resseguros' E10 compare to RGA and EG?
IRB Brasil Resseguros' E10 of R$8.41 can be compared against companies in the Insurance 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 Insurance company?
A good E10 depends on the Insurance 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 IRB Brasil Resseguros and its competitors. IRB Brasil Resseguros's current E10 is R$8.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRB Brasil Resseguros stock overvalued right now?
Based on GuruFocus' analysis, IRB Brasil Resseguros (BSP:IRBR3) is currently considered Fairly Valued. The stock's GF Value™ is R$53.06, compared to a current price of R$53.84 — trading 1.5% above its estimated fair value. The current E10 is R$8.41. IRB Brasil Resseguros' overall GF Score™ is 58/100 with 6 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 IRB Brasil Resseguros (BSP:IRBR3), the current E10 is R$8.41 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 IRB Brasil Resseguros (BSP:IRBR3) Overvalued in 2026?

Based on GuruFocus' analysis, IRB Brasil Resseguros stock appears to be overvalued. The current stock price of R$53.84 is trading 1.5% above its estimated GF Value™ of R$53.06. GuruFocus considers IRB Brasil Resseguros to be Fairly Valued.

Key valuation signals for BSP:IRBR3:

  • E10: R$8.41
  • GF Value™: R$53.06 vs. price of R$53.84 (1.5% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the BSP:IRBR3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IRB Brasil Resseguros Business Description

Address Avenida Republica do Chile, Centro, RJ, BRA, 330
IRB Brasil Resseguros SA is a Brazil-based company that provides reinsurance solutions. It offers reinsurance solutions for aviation, engineering, surety, financial, oil and gas, property, casualty, agricultural, cargo and marine, life and pension, and miscellaneous. Its business segments are Brazil, Abroad, and Other.
58GF Score

Get the complete analysis for BSP:IRBR3

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

R$53.84
Price
R$53.06
GF Value