PSP Swiss Property AG (CHIX:PSPNZ) E10: CHF7.68 (As of Mar. 2026)

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CHIX:PSPNZ PSP Swiss Property AG CHIX:PSPNZ
68 GF Score
Price CHF147.50
GF Value CHF123.14
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is PSP Swiss Property AG E10?

PSP Swiss Property AG CHIX:PSPNZ +0.41% 68 E10 is CHF7.68 as of Mar. 2026. GuruFocus rates CHIX:PSPNZ with a GF Score™ of 68/100 and a GF Value™ of CHF123.14 (Modestly Overvalued). The stock has 5 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.

PSP Swiss Property AG's adjusted earnings per share data for the three months ended in Mar. 2026 was CHF1.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF7.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, PSP Swiss Property AG's average E10 Growth Rate was 6.30% per year. During the past 3 years, the average E10 Growth Rate was 4.10% per year. During the past 5 years, the average E10 Growth Rate was 3.50% 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 PSP Swiss Property AG was 4.40% per year. The lowest was 2.20% per year. And the median was 2.65% per year.

As of today (2026-07-21), PSP Swiss Property AG's current stock price is CHF147.50. PSP Swiss Property AG's E10 for the quarter that ended in Mar. 2026 was CHF7.68. PSP Swiss Property AG's Shiller PE Ratio of today is 19.21.

During the past 13 years, the highest Shiller PE Ratio of PSP Swiss Property AG was 24.36. The lowest was 13.88. And the median was 17.38.


PSP Swiss Property AG  (CHIX:PSPNz) 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.

PSP Swiss Property AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=147.50/7.68
=19.21

* 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 PSP Swiss Property AG was 24.36. The lowest was 13.88. And the median was 17.38.


Be Aware

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


PSP Swiss Property AG E10 Related Terms


PSP Swiss Property AG E10 Historical Data

* Premium members only.

The historical data trend for PSP Swiss Property AG'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.

PSP Swiss Property AG E10 Chart

PSP Swiss Property AG 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 6.71 7.10 6.70 7.15 7.63

PSP Swiss Property AG 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 7.28 7.42 7.44 7.63 7.68

CHIX:PSPNZ vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, PSP Swiss Property AG'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.


PSP Swiss Property AG Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PSP Swiss Property AG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where PSP Swiss Property AG's Shiller PE Ratio falls into.


CHIX:PSPNZ
68GF Score
PSP Swiss Property AG CHIX:PSPNZ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PSP Swiss Property AG 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, PSP Swiss Property AG'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)
=1.41/108.0600*108.0600
=1.410

Current CPI (Mar. 2026) = 108.0600.

PSP Swiss Property AG Quarterly Data

per share eps CPI Adj_EPS
201606 0.390 100.088 0.421
201609 0.820 99.604 0.890
201612 0.700 99.380 0.761
201703 0.870 100.040 0.940
201706 1.190 100.285 1.282
201709 1.540 100.254 1.660
201712 2.009 100.213 2.166
201803 0.880 100.836 0.943
201806 2.570 101.435 2.738
201809 1.350 101.246 1.441
201812 1.920 100.906 2.056
201903 1.740 101.571 1.851
201906 3.900 102.044 4.130
201909 1.150 101.396 1.226
201912 3.100 101.063 3.315
202003 1.040 101.048 1.112
202006 1.610 100.743 1.727
202009 1.270 100.585 1.364
202012 2.450 100.241 2.641
202103 1.940 100.800 2.080
202106 6.160 101.352 6.568
202109 1.300 101.533 1.384
202112 3.570 101.776 3.790
202203 1.700 103.205 1.780
202206 3.250 104.783 3.352
202209 1.240 104.835 1.278
202212 1.000 104.666 1.032
202303 1.240 106.245 1.261
202306 0.430 106.576 0.436
202309 1.710 106.570 1.734
202312 1.140 106.461 1.157
202403 1.770 107.355 1.782
202406 1.640 107.991 1.641
202409 1.520 107.468 1.528
202412 3.240 107.128 3.268
202503 1.320 107.722 1.324
202506 2.920 108.075 2.920
202509 1.420 107.710 1.425
202512 3.250 107.200 3.276
202603 1.410 108.060 1.410

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 CHF7.68 mean?
PSP Swiss Property AG (CHIX:PSPNZ) has a E10 of CHF7.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on PSP Swiss Property AG and its competitors.
Is PSP Swiss Property AG's E10 too high?
PSP Swiss Property AG's current E10 is CHF7.68. Overall, PSP Swiss Property AG has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PSP Swiss Property AG's E10 compare to CBRE and BEKE?
PSP Swiss Property AG's E10 of CHF7.68 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 PSP Swiss Property AG and its competitors. PSP Swiss Property AG's current E10 is CHF7.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PSP Swiss Property AG stock overvalued right now?
Based on GuruFocus' analysis, PSP Swiss Property AG (CHIX:PSPNZ) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF123.14, compared to a current price of CHF147.50 — trading 19.8% above its estimated fair value. The current E10 is CHF7.68. PSP Swiss Property AG's overall GF Score™ is 68/100 with 5 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 PSP Swiss Property AG (CHIX:PSPNZ), the current E10 is CHF7.68 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 PSP Swiss Property AG (CHIX:PSPNZ) Overvalued in 2026?

Based on GuruFocus' analysis, PSP Swiss Property AG stock appears to be overvalued. The current stock price of CHF147.50 is trading 19.8% above its estimated GF Value™ of CHF123.14. GuruFocus considers PSP Swiss Property AG to be Modestly Overvalued.

Key valuation signals for CHIX:PSPNZ:

  • E10: CHF7.68
  • GF Value™: CHF123.14 vs. price of CHF147.50 (19.8% above fair value)
  • GF Score™: 68/100 with 5 warning signs

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


PSP Swiss Property AG Business Description

Address Kolinplatz 2, Zug, CHE, CH-6300
PSP Swiss Property AG is a general real estate company, with all its properties active in Switzerland. The company's operating segments are Real estate investments, Property management, and Holding. A majority of its revenue is generated from the Real estate investments segment, which comprises all properties of the Group, such as investment properties, investment properties for sale, own-used properties, development properties, as well as development projects for sale. Income in this segment is generated by the properties mainly in the form of rental income and net changes in fair value. The Property management segment includes all services and activities concerning the management of the company's real estate portfolio, and the Holding segment includes the traditional corporate functions.
68GF Score

Get the complete analysis for CHIX:PSPNZ

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

CHF147.50
Price
CHF123.14
GF Value