Invitation Homes (FRA:4IV) E10: €0.37 (As of Mar. 2026)


FRA:4IV Invitation Homes Inc FRA:4IV
80 GF Score
Price €26.60
GF Value €32.46
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Invitation Homes E10?

Invitation Homes FRA:4IV +0.76% 80 E10 is €0.37 as of Mar. 2026. GuruFocus rates FRA:4IV with a GF Score™ of 80/100 and a GF Value™ of €32.46 (Modestly Undervalued). 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.

Invitation Homes's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.225. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.37 for the trailing ten years ended in Mar. 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 (2026-07-02), Invitation Homes's current stock price is €26.60. Invitation Homes's E10 for the quarter that ended in Mar. 2026 was €0.37. Invitation Homes's Shiller PE Ratio of today is 71.89.

During the past 12 years, the highest Shiller PE Ratio of Invitation Homes was 98.85. The lowest was 59.42. And the median was 71.08.


Invitation Homes  (FRA:4IV) 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.

Invitation Homes's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.60/0.37
=71.89

* 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 12 years, the highest Shiller P/E Ratio of Invitation Homes was 98.85. The lowest was 59.42. And the median was 71.08.


Be Aware

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


Invitation Homes E10 Related Terms


Invitation Homes E10 Historical Data

* Premium members only.

The historical data trend for Invitation Homes'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.

Invitation Homes E10 Chart

Invitation Homes 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 0.33

Invitation Homes 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 0.00 0.28 0.30 0.33 0.37

FRA:4IV vs ESS, MAA, SUI: E10 Comparison

For the REIT - Residential subindustry, Invitation Homes'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.


Invitation Homes Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Invitation Homes's Shiller PE Ratio falls into.


FRA:4IV
80GF Score
Invitation Homes Inc FRA:4IV
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Invitation Homes 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, Invitation Homes'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)
=0.225/330.2130*330.2130
=0.225

Current CPI (Mar. 2026) = 330.2130.

Invitation Homes Quarterly Data

per share eps CPI Adj_EPS
201606 -0.058 241.018 -0.079
201609 -0.065 241.428 -0.089
201612 -0.084 241.432 -0.115
201703 -0.075 243.801 -0.102
201706 0.018 244.955 0.024
201709 -0.059 246.819 -0.079
201712 -0.101 246.524 -0.135
201803 -0.024 249.554 -0.032
201806 -0.026 251.989 -0.034
201809 0.001 252.439 0.001
201812 0.044 251.233 0.058
201903 0.035 254.202 0.045
201906 0.062 256.143 0.080
201909 0.054 256.759 0.069
201912 0.090 256.974 0.116
202003 0.081 258.115 0.104
202006 0.071 257.797 0.091
202009 0.051 260.280 0.065
202012 0.099 260.474 0.126
202103 0.084 264.877 0.105
202106 0.091 271.696 0.111
202109 0.102 274.310 0.123
202112 0.106 278.802 0.126
202203 0.136 287.504 0.156
202206 0.170 296.311 0.189
202209 0.131 296.808 0.146
202212 0.151 296.797 0.168
202303 0.187 301.836 0.205
202306 0.203 305.109 0.220
202309 0.197 307.789 0.211
202312 0.193 306.746 0.208
202403 0.212 312.332 0.224
202406 0.111 314.175 0.117
202409 0.135 315.301 0.141
202412 0.220 315.605 0.230
202503 0.250 319.799 0.258
202506 0.199 322.561 0.204
202509 0.187 324.800 0.190
202512 0.205 324.054 0.209
202603 0.225 330.213 0.225

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 €0.37 mean?
Invitation Homes (FRA:4IV) has a E10 of €0.37 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Invitation Homes and its competitors.
Is Invitation Homes' E10 too high?
Invitation Homes' current E10 is €0.37. Overall, Invitation Homes has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Invitation Homes' E10 compare to ESS and MAA?
Invitation Homes' E10 of €0.37 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 Invitation Homes and its competitors. Invitation Homes's current E10 is €0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invitation Homes stock overvalued right now?
Based on GuruFocus' analysis, Invitation Homes (FRA:4IV) is currently considered Modestly Undervalued. The stock's GF Value™ is €32.46, compared to a current price of €26.60 — trading 18.1% below its estimated fair value. The current E10 is €0.37. Invitation Homes' overall GF Score™ is 80/100 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 Invitation Homes (FRA:4IV), the current E10 is €0.37 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 Invitation Homes (FRA:4IV) Overvalued in 2026?

Based on GuruFocus' analysis, Invitation Homes stock appears to be undervalued. The current stock price of €26.60 is trading 18.1% below its estimated GF Value™ of €32.46. GuruFocus considers Invitation Homes to be Modestly Undervalued.

Key valuation signals for FRA:4IV:

  • E10: €0.37
  • GF Value™: €32.46 vs. price of €26.60 (18.1% below fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the FRA:4IV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Invitation Homes Business Description

Industry Real EstateREITs
Other Exchanges INVH:USAI2NV34:Brazil
Address 5420 LBJ Freeway, Suite 600, Dallas, TX, USA, 75240
Invitation Homes owns a portfolio of over 86,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price of around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 17 target markets that feature high employment and household formation growth, with over 70% of the portfolio in the Western US and Florida; 15 of the 17 markets feature average rents lower than homeownership costs.
80GF Score

Get the complete analysis for FRA:4IV

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

€26.60
Price
€32.46
GF Value