JHSF Participacoes (BSP:JHSF3) E10: R$1.04 (As of Mar. 2026)


BSP:JHSF3 JHSF Participacoes SA BSP:JHSF3
75 GF Score
Price R$11.35
GF Value R$9.54
Valuation Modestly Overvalued
! 6 Warning Signs
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What is JHSF Participacoes E10?

JHSF Participacoes BSP:JHSF3 +2.71% 75 E10 is R$1.04 as of Mar. 2026. GuruFocus rates BSP:JHSF3 with a GF Score™ of 75/100 and a GF Value™ of R$9.54 (Modestly Overvalued). 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.

JHSF Participacoes's adjusted earnings per share data for the three months ended in Mar. 2026 was R$0.556. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.04 for the trailing ten years ended in Mar. 2026.

During the past 12 months, JHSF Participacoes's average E10 Growth Rate was 44.40% per year. During the past 3 years, the average E10 Growth Rate was 18.30% per year. During the past 5 years, the average E10 Growth Rate was 12.60% 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 JHSF Participacoes was 18.30% per year. The lowest was 6.10% per year. And the median was 10.50% per year.

As of today (2026-06-28), JHSF Participacoes's current stock price is R$11.35. JHSF Participacoes's E10 for the quarter that ended in Mar. 2026 was R$1.04. JHSF Participacoes's Shiller PE Ratio of today is 10.91.

During the past 13 years, the highest Shiller PE Ratio of JHSF Participacoes was 21.52. The lowest was 2.70. And the median was 8.55.


JHSF Participacoes  (BSP:JHSF3) 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.

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

Shiller PE Ratio=Share Price/E10
=11.35/1.04
=10.91

* 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 JHSF Participacoes was 21.52. The lowest was 2.70. And the median was 8.55.


Be Aware

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


JHSF Participacoes E10 Related Terms


JHSF Participacoes E10 Historical Data

* Premium members only.

The historical data trend for JHSF Participacoes'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.

JHSF Participacoes E10 Chart

JHSF Participacoes 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 0.57 0.58 0.55 0.68 0.96

JHSF Participacoes 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 0.72 0.79 0.84 0.96 1.04

JHSF Participacoes E10 Competitor Comparison

For the Real Estate - Development subindustry, JHSF Participacoes'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.


JHSF Participacoes Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, JHSF Participacoes's Shiller PE Ratio distribution charts can be found below:

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


BSP:JHSF3
75GF Score
JHSF Participacoes SA BSP:JHSF3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JHSF Participacoes 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, JHSF Participacoes'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)
=0.556/175.0655*175.0655
=0.556

Current CPI (Mar. 2026) = 175.0655.

JHSF Participacoes Quarterly Data

per share eps CPI Adj_EPS
201606 0.091 108.851 0.146
201609 -0.109 109.986 -0.173
201612 -0.406 110.802 -0.641
201703 -0.034 111.869 -0.053
201706 0.003 112.115 0.005
201709 -0.055 112.777 -0.085
201712 0.042 114.068 0.064
201803 -0.021 114.868 -0.032
201806 0.015 117.038 0.022
201809 0.225 117.881 0.334
201812 0.122 118.340 0.180
201903 0.010 120.124 0.015
201906 0.009 120.977 0.013
201909 0.178 121.292 0.257
201912 0.364 123.436 0.516
202003 0.033 124.092 0.047
202006 0.391 123.557 0.554
202009 0.246 125.095 0.344
202012 0.290 129.012 0.394
202103 0.283 131.660 0.376
202106 0.472 133.871 0.617
202109 0.311 137.913 0.395
202112 0.392 141.992 0.483
202203 0.241 146.537 0.288
202206 0.322 149.784 0.376
202209 0.232 147.800 0.275
202212 0.152 150.207 0.177
202303 0.127 153.352 0.145
202306 0.159 154.519 0.180
202309 0.171 155.464 0.193
202312 0.243 157.148 0.271
202403 0.198 159.372 0.217
202406 0.260 161.052 0.283
202409 0.207 162.342 0.223
202412 0.605 164.740 0.643
202503 0.171 168.102 0.178
202506 0.691 169.670 0.713
202509 0.431 170.739 0.442
202512 1.479 171.765 1.507
202603 0.556 175.066 0.556

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$1.04 mean?
JHSF Participacoes (BSP:JHSF3) has a E10 of R$1.04 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JHSF Participacoes and its competitors.
Is JHSF Participacoes' E10 too high?
JHSF Participacoes' current E10 is R$1.04. Overall, JHSF Participacoes has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JHSF Participacoes' E10 compare to competitors?
JHSF Participacoes' E10 of R$1.04 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 JHSF Participacoes and its competitors. JHSF Participacoes's current E10 is R$1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JHSF Participacoes stock overvalued right now?
Based on GuruFocus' analysis, JHSF Participacoes (BSP:JHSF3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$9.54, compared to a current price of R$11.35 — trading 19% above its estimated fair value. The current E10 is R$1.04. JHSF Participacoes' overall GF Score™ is 75/100 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 JHSF Participacoes (BSP:JHSF3), the current E10 is R$1.04 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 JHSF Participacoes (BSP:JHSF3) Overvalued in 2026?

Based on GuruFocus' analysis, JHSF Participacoes stock appears to be overvalued. The current stock price of R$11.35 is trading 19% above its estimated GF Value™ of R$9.54. GuruFocus considers JHSF Participacoes to be Modestly Overvalued.

Key valuation signals for BSP:JHSF3:

  • E10: R$1.04
  • GF Value™: R$9.54 vs. price of R$11.35 (19% above fair value)
  • GF Score™: 75/100 with 6 warning signs

No single metric tells the full story. See the BSP:JHSF3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JHSF Participacoes Business Description

Address Avenida Magalhaes de Castro, 4.800 Torre 3 Continental Tower -27th floor, Sao Paulo, SP, BRA, 05502-001
JHSF Participacoes SA is a real estate company. The company is involved in in the development, purchase and sale, as well as lease of residential and commercial properties; the construction and operation of shopping centers; the provision of administration and contract management services, and the operation of hotels and tourist activities. JHSF has four segments of business: Recurring income, Real estate business and airport, Hotels and restaurants and Main administrative office.
75GF Score

Get the complete analysis for BSP:JHSF3

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

R$11.35
Price
R$9.54
GF Value