FBRT (Franklin BSP Realty Trust) E10: $0.81 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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FBRT Franklin BSP Realty Trust Inc FBRT
62 GF Score
Price $8.48
GF Value $9.24
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Franklin BSP Realty Trust E10?

Franklin BSP Realty Trust FBRT -0.06% 62 E10 is $0.81 as of Jun. 2026. GuruFocus rates FBRT with a GF Score™ of 62/100 and a GF Value™ of $9.24 (Fairly Valued). The stock has 10 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.

Franklin BSP Realty Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.81 for the trailing ten years ended in Jun. 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 (2026-08-26), Franklin BSP Realty Trust's current stock price is $8.475. Franklin BSP Realty Trust's E10 for the quarter that ended in Jun. 2026 was $0.81. Franklin BSP Realty Trust's Shiller PE Ratio of today is 10.46.

During the past 11 years, the highest Shiller PE Ratio of Franklin BSP Realty Trust was 10.55. The lowest was 9.37. And the median was 9.96.


Franklin BSP Realty Trust  (NYSE:FBRT) 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.

Franklin BSP Realty Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.475/0.81
=10.46

* 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 11 years, the highest Shiller P/E Ratio of Franklin BSP Realty Trust was 10.55. The lowest was 9.37. And the median was 9.96.


Be Aware

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


Franklin BSP Realty Trust E10 Related Terms


Franklin BSP Realty Trust E10 Historical Data

* Premium members only.

The historical data trend for Franklin BSP Realty Trust'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.

Franklin BSP Realty Trust E10 Chart

Franklin BSP Realty Trust 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 0.00

Franklin BSP Realty Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.81

FBRT vs RWT, TRTX, BRSP: E10 Comparison

For the REIT - Mortgage subindustry, Franklin BSP Realty Trust'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.


Franklin BSP Realty Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Franklin BSP Realty Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Franklin BSP Realty Trust's Shiller PE Ratio falls into.


FBRT
62GF Score
Franklin BSP Realty Trust Inc FBRT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Franklin BSP Realty Trust 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, Franklin BSP Realty Trust's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.12/333.9520*333.9520
=0.120

Current CPI (Jun. 2026) = 333.9520.

Franklin BSP Realty Trust Quarterly Data

per share eps CPI Adj_EPS
201609 0.121 241.428 0.167
201612 0.142 241.432 0.196
201703 0.136 243.801 0.186
201706 0.141 244.955 0.192
201709 0.157 246.819 0.212
201712 0.325 246.524 0.440
201803 0.119 249.554 0.159
201806 0.272 251.989 0.360
201809 0.389 252.439 0.515
201812 0.316 251.233 0.420
201903 0.362 254.202 0.476
201906 0.248 256.143 0.323
201909 0.460 256.759 0.598
201912 0.416 256.974 0.541
202003 -0.268 258.115 -0.347
202006 0.098 257.797 0.127
202009 0.376 260.280 0.482
202012 0.660 260.474 0.846
202103 0.530 264.877 0.668
202106 0.520 271.696 0.639
202109 0.670 274.310 0.816
202112 -1.900 278.802 -2.276
202203 -0.990 287.504 -1.150
202206 -0.430 296.311 -0.485
202209 0.340 296.808 0.383
202212 0.320 296.797 0.360
202303 0.440 301.836 0.487
202306 0.390 305.109 0.427
202309 0.300 307.789 0.326
202312 0.280 306.746 0.305
202403 0.350 312.332 0.374
202406 -0.110 314.175 -0.117
202409 0.300 315.301 0.318
202412 0.290 315.605 0.307
202503 0.200 319.799 0.209
202506 0.190 322.561 0.197
202509 0.120 324.800 0.123
202512 0.130 324.054 0.134
202603 0.070 330.213 0.071
202606 0.120 333.952 0.120

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 $0.81 mean?
Franklin BSP Realty Trust (FBRT) has a E10 of $0.81 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Franklin BSP Realty Trust and its competitors.
Is Franklin BSP Realty Trust's E10 too high?
Franklin BSP Realty Trust's current E10 is $0.81. Overall, Franklin BSP Realty Trust has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Franklin BSP Realty Trust's E10 compare to RWT and TRTX?
Franklin BSP Realty Trust's E10 of $0.81 can be compared against companies in the REITs 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 REITs company?
A good E10 depends on the REITs 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 Franklin BSP Realty Trust and its competitors. Franklin BSP Realty Trust's current E10 is $0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin BSP Realty Trust stock overvalued right now?
Based on GuruFocus' analysis, Franklin BSP Realty Trust (FBRT) is currently considered Fairly Valued. The stock's GF Value™ is $9.24, compared to a current price of $8.48 — trading 8.3% below its estimated fair value. The current E10 is $0.81. Franklin BSP Realty Trust's overall GF Score™ is 62/100 with 10 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 Franklin BSP Realty Trust (FBRT), the current E10 is $0.81 as of Jun. 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 Franklin BSP Realty Trust (FBRT) Overvalued in 2026?

Based on GuruFocus' analysis, Franklin BSP Realty Trust stock appears to be undervalued. The current stock price of $8.48 is trading 8.3% below its estimated GF Value™ of $9.24. GuruFocus considers Franklin BSP Realty Trust to be Fairly Valued.

Key valuation signals for FBRT:

  • E10: $0.81
  • GF Value™: $9.24 vs. price of $8.48 (8.3% below fair value)
  • GF Score™: 62/100 with 10 warning signs

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


Franklin BSP Realty Trust Business Description

Industry Real EstateREITs
Other Exchanges 6VH:Germany
Address 1 Madison Avenue, New York, NY, USA, 10010
Franklin BSP Realty Trust Inc is a private real estate investment trust that originates, acquires, and manages a diversified portfolio of commercial real estate debt, and first mortgage loans. secured by properties located in the United States. The Company's operations are organized into two business units: (i) Commercial Real Estate Financing, and (ii) Agency Business. Its four reporting segments are as follows: The real estate debt business, The Agency Business, The commercial real estate conduit business, and The real estate owned business.
62GF Score

Get the complete analysis for FBRT

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

$8.48
Price
$9.24
GF Value