Construtora Tenda (BSP:TEND3) E10: R$1.11 (As of Mar. 2026)


BSP:TEND3 Construtora Tenda SA BSP:TEND3
68 GF Score
Price R$36.85
GF Value R$20.58
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Construtora Tenda E10?

Construtora Tenda BSP:TEND3 +2.11% 68 E10 is R$1.11 as of Mar. 2026. GuruFocus rates BSP:TEND3 with a GF Score™ of 68/100 and a GF Value™ of R$20.58 (Significantly Overvalued). The stock has 7 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.

Construtora Tenda's adjusted earnings per share data for the three months ended in Mar. 2026 was R$1.495. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$1.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Construtora Tenda's average E10 Growth Rate was 282.80% 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.

As of today (2026-06-27), Construtora Tenda's current stock price is R$36.85. Construtora Tenda's E10 for the quarter that ended in Mar. 2026 was R$1.11. Construtora Tenda's Shiller PE Ratio of today is 33.20.

During the past 13 years, the highest Shiller PE Ratio of Construtora Tenda was 272.40. The lowest was 20.65. And the median was 64.47.


Construtora Tenda  (BSP:TEND3) 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.

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

Shiller PE Ratio=Share Price/E10
=36.85/1.11
=33.20

* 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 Construtora Tenda was 272.40. The lowest was 20.65. And the median was 64.47.


Be Aware

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


Construtora Tenda E10 Related Terms


Construtora Tenda E10 Historical Data

* Premium members only.

The historical data trend for Construtora Tenda'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.

Construtora Tenda E10 Chart

Construtora Tenda 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 0.05 0.22 0.97

Construtora Tenda 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 0.29 0.47 0.55 0.97 1.11

Construtora Tenda E10 Competitor Comparison

For the Real Estate - Development subindustry, Construtora Tenda'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.


Construtora Tenda Shiller PE Ratio vs Real Estate Industry

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

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


BSP:TEND3
68GF Score
Construtora Tenda SA BSP:TEND3
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Construtora Tenda 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, Construtora Tenda'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)
=1.495/175.0655*175.0655
=1.495

Current CPI (Mar. 2026) = 175.0655.

Construtora Tenda Quarterly Data

per share eps CPI Adj_EPS
201606 0.075 108.851 0.121
201609 0.201 109.986 0.320
201612 0.162 110.802 0.256
201703 0.172 111.869 0.269
201706 0.176 112.115 0.275
201709 0.262 112.777 0.407
201712 0.303 114.068 0.465
201803 0.306 114.868 0.466
201806 0.438 117.038 0.655
201809 0.559 117.881 0.830
201812 0.431 118.340 0.638
201903 0.466 120.124 0.679
201906 0.681 120.977 0.985
201909 0.608 121.292 0.878
201912 0.697 123.436 0.989
202003 0.163 124.092 0.230
202006 0.373 123.557 0.528
202009 0.648 125.095 0.907
202012 0.735 129.012 0.997
202103 0.350 131.660 0.465
202106 0.319 133.871 0.417
202109 0.061 137.913 0.077
202112 -2.731 141.992 -3.367
202203 -0.683 146.537 -0.816
202206 -1.160 149.784 -1.356
202209 -2.179 147.800 -2.581
202212 -1.285 150.207 -1.498
202303 -0.414 153.352 -0.473
202306 -0.099 154.519 -0.112
202309 -0.226 155.464 -0.254
202312 -0.870 157.148 -0.969
202403 0.034 159.372 0.037
202406 0.035 161.052 0.038
202409 0.592 162.342 0.638
202412 0.860 164.740 0.914
202503 0.664 168.102 0.692
202506 1.663 169.670 1.716
202509 0.911 170.739 0.934
202512 4.130 171.765 4.209
202603 1.495 175.066 1.495

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$1.11 mean?
Construtora Tenda (BSP:TEND3) has a E10 of R$1.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Construtora Tenda and its competitors.
Is Construtora Tenda's E10 too high?
Construtora Tenda's current E10 is R$1.11. Overall, Construtora Tenda has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Construtora Tenda's E10 compare to competitors?
Construtora Tenda's E10 of R$1.11 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 Construtora Tenda and its competitors. Construtora Tenda's current E10 is R$1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construtora Tenda stock overvalued right now?
Based on GuruFocus' analysis, Construtora Tenda (BSP:TEND3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$20.58, compared to a current price of R$36.85 — trading 79.1% above its estimated fair value. The current E10 is R$1.11. Construtora Tenda's overall GF Score™ is 68/100 with 7 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 Construtora Tenda (BSP:TEND3), the current E10 is R$1.11 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 Construtora Tenda (BSP:TEND3) Overvalued in 2026?

Based on GuruFocus' analysis, Construtora Tenda stock appears to be overvalued. The current stock price of R$36.85 is trading 79.1% above its estimated GF Value™ of R$20.58. GuruFocus considers Construtora Tenda to be Significantly Overvalued.

Key valuation signals for BSP:TEND3:

  • E10: R$1.11
  • GF Value™: R$20.58 vs. price of R$36.85 (79.1% above fair value)
  • GF Score™: 68/100 with 7 warning signs

No single metric tells the full story. See the BSP:TEND3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Construtora Tenda Business Description

Address Rua Boa Vista, 280, Sao Paulo, SP, BRA, 01010-001
Construtora Tenda SA is engaged in the performance of general construction works: the merger of property; the purchase and sale of properties; providing construction management services; intermediating the sale of consortium shares; and participation in other companies. Subsidiaries share the managerial, operating structures, and corporate costs. The SPEs are exclusively engaged in real estate operations and are linked to specific projects. The company focuses on affordable housing which allows it to pursue scale gains and continuous improvement. It has a single SKU for no-elevator buildings. It has two segments On-site and Off-site.
68GF Score

Get the complete analysis for BSP:TEND3

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

R$36.85
Price
R$20.58
GF Value