Polski Holding Nieruchomosci (FRA:2PN) E10: €0.17 (As of Mar. 2026)


FRA:2PN Polski Holding Nieruchomosci SA FRA:2PN
61 GF Score
Price €1.99
GF Value €2.56
! 7 Warning Signs
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What is Polski Holding Nieruchomosci E10?

Polski Holding Nieruchomosci FRA:2PN +0.51% 61 E10 is €0.17 as of Mar. 2026. GuruFocus rates FRA:2PN with a GF Score™ of 61/100 and a GF Value™ of €2.56. 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.

Polski Holding Nieruchomosci's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.069. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.17 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Polski Holding Nieruchomosci's average E10 Growth Rate was -9.40% per year. During the past 3 years, the average E10 Growth Rate was -23.50% 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 Polski Holding Nieruchomosci was -18.20% per year. The lowest was -23.50% per year. And the median was -20.85% per year.

As of today (2026-07-08), Polski Holding Nieruchomosci's current stock price is €1.99. Polski Holding Nieruchomosci's E10 for the quarter that ended in Mar. 2026 was €0.17. Polski Holding Nieruchomosci's Shiller PE Ratio of today is 11.71.

During the past 13 years, the highest Shiller PE Ratio of Polski Holding Nieruchomosci was 21.44. The lowest was 6.00. And the median was 11.22.


Polski Holding Nieruchomosci  (FRA:2PN) 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.

Polski Holding Nieruchomosci's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.99/0.17
=11.71

* 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 Polski Holding Nieruchomosci was 21.44. The lowest was 6.00. And the median was 11.22.


Be Aware

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


Polski Holding Nieruchomosci E10 Related Terms


Polski Holding Nieruchomosci E10 Historical Data

* Premium members only.

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci E10 Chart

Polski Holding Nieruchomosci 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 0.19 0.36 0.26 0.11 0.17

Polski Holding Nieruchomosci 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 0.19 0.18 0.14 0.17 0.17

FRA:2PN vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where Polski Holding Nieruchomosci's Shiller PE Ratio falls into.


FRA:2PN
61GF Score
Polski Holding Nieruchomosci SA FRA:2PN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polski Holding Nieruchomosci 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, Polski Holding Nieruchomosci'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)
=0.069/163.0700*163.0700
=0.069

Current CPI (Mar. 2026) = 163.0700.

Polski Holding Nieruchomosci Quarterly Data

per share eps CPI Adj_EPS
201606 0.154 99.552 0.252
201609 0.023 99.064 0.038
201612 -0.067 100.366 -0.109
201703 -0.012 101.018 -0.019
201706 0.048 101.180 0.077
201709 0.074 101.343 0.119
201712 0.046 102.564 0.073
201803 0.062 102.564 0.099
201806 0.097 103.378 0.153
201809 0.028 103.378 0.044
201812 0.048 103.785 0.075
201903 0.062 104.274 0.097
201906 0.071 105.983 0.109
201909 0.081 105.983 0.125
201912 0.117 107.123 0.178
202003 0.131 109.076 0.196
202006 -0.194 109.402 -0.289
202009 0.058 109.320 0.087
202012 0.323 109.565 0.481
202103 0.134 112.658 0.194
202106 0.028 113.960 0.040
202109 0.053 115.588 0.075
202112 0.145 119.088 0.199
202203 0.101 125.031 0.132
202206 0.124 131.705 0.154
202209 0.023 135.531 0.028
202212 -0.108 139.113 -0.127
202303 -0.032 145.950 -0.036
202306 -0.263 147.009 -0.292
202309 0.104 146.113 0.116
202312 -0.534 147.741 -0.589
202403 -0.117 149.044 -0.128
202406 -0.219 150.997 -0.237
202409 -0.168 153.439 -0.179
202412 -0.318 154.660 -0.335
202503 0.834 157.021 0.866
202506 -0.051 157.509 -0.053
202509 0.023 158.000 0.024
202512 0.111 158.320 0.114
202603 0.069 163.070 0.069

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 €0.17 mean?
Polski Holding Nieruchomosci (FRA:2PN) has a E10 of €0.17 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Polski Holding Nieruchomosci and its competitors.
Is Polski Holding Nieruchomosci's E10 too high?
Polski Holding Nieruchomosci's current E10 is €0.17. Overall, Polski Holding Nieruchomosci has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Nieruchomosci's E10 compare to CBRE and BEKE?
Polski Holding Nieruchomosci's E10 of €0.17 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 Polski Holding Nieruchomosci and its competitors. Polski Holding Nieruchomosci's current E10 is €0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Nieruchomosci stock overvalued right now?
Polski Holding Nieruchomosci (FRA:2PN) has a current E10 of €0.17. The stock's GF Value™ is €2.56, compared to a current price of €1.99 — trading 22.3% below its estimated fair value. The current E10 is €0.17. Polski Holding Nieruchomosci's overall GF Score™ is 61/100 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 Polski Holding Nieruchomosci (FRA:2PN), the current E10 is €0.17 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 Polski Holding Nieruchomosci (FRA:2PN) Overvalued in 2026?

Based on GuruFocus' analysis, Polski Holding Nieruchomosci stock appears to be undervalued. The current stock price of €1.99 is trading 22.3% below its estimated GF Value™ of €2.56.

Key valuation signals for FRA:2PN:

  • E10: €0.17
  • GF Value™: €2.56 vs. price of €1.99 (22.3% below fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the FRA:2PN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Polski Holding Nieruchomosci Business Description

Other Exchanges PHN:Poland
Address al. Jana Pawla II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.
61GF Score

Get the complete analysis for FRA:2PN

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

€1.99
Price
€2.56
GF Value