Dream Industrial Real Estate Investment Trust (FRA:6MS) E10: €0.81 (As of Mar. 2026)


FRA:6MS Dream Industrial Real Estate Investment Trust FRA:6MS
72 GF Score
Price €8.28
GF Value €8.15
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Dream Industrial Real Estate Investment Trust E10?

Dream Industrial Real Estate Investment Trust FRA:6MS -2.89% 72 E10 is €0.81 as of Mar. 2026. GuruFocus rates FRA:6MS with a GF Score™ of 72/100 and a GF Value™ of €8.15 (Fairly Valued). The stock has 9 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.

Dream Industrial Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.132. 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 Mar. 2026.

During the past 12 months, Dream Industrial Real Estate Investment Trust's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was -0.20% 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 Dream Industrial Real Estate Investment Trust was -0.20% per year. The lowest was -0.20% per year. And the median was -0.20% per year.

As of today (2026-07-01), Dream Industrial Real Estate Investment Trust's current stock price is €8.28. Dream Industrial Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2026 was €0.81. Dream Industrial Real Estate Investment Trust's Shiller PE Ratio of today is 10.22.

During the past 13 years, the highest Shiller PE Ratio of Dream Industrial Real Estate Investment Trust was 11.36. The lowest was 7.56. And the median was 9.82.


Dream Industrial Real Estate Investment Trust  (FRA:6MS) 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.

Dream Industrial Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.28/0.81
=10.22

* 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 Dream Industrial Real Estate Investment Trust was 11.36. The lowest was 7.56. And the median was 9.82.


Be Aware

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


Dream Industrial Real Estate Investment Trust E10 Related Terms


Dream Industrial Real Estate Investment Trust E10 Historical Data

* Premium members only.

The historical data trend for Dream Industrial Real Estate Investment 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.

Dream Industrial Real Estate Investment Trust E10 Chart

Dream Industrial Real Estate Investment 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 0.90 0.85 0.82 0.84

Dream Industrial Real Estate Investment Trust 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 0.78 0.72 0.75 0.84 0.81

FRA:6MS vs PLD, PSA, EXR: E10 Comparison

For the REIT - Industrial subindustry, Dream Industrial Real Estate Investment 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.


Dream Industrial Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Dream Industrial Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Dream Industrial Real Estate Investment Trust's Shiller PE Ratio falls into.


FRA:6MS
72GF Score
Dream Industrial Real Estate Investment Trust FRA:6MS
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dream Industrial Real Estate Investment 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, Dream Industrial Real Estate Investment Trust'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)
=0.132/132.2623*132.2623
=0.132

Current CPI (Mar. 2026) = 132.2623.

Dream Industrial Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201606 0.002 102.002 0.003
201609 0.110 101.765 0.143
201612 -0.088 101.449 -0.115
201703 0.104 102.634 0.134
201706 -0.060 103.029 -0.077
201709 0.069 103.345 0.088
201712 0.139 103.345 0.178
201803 0.273 105.004 0.344
201806 0.102 105.557 0.128
201809 0.174 105.636 0.218
201812 0.398 105.399 0.499
201903 -0.046 106.979 -0.057
201906 0.412 107.690 0.506
201909 -0.015 107.611 -0.018
201912 0.536 107.769 0.658
202003 0.167 107.927 0.205
202006 0.011 108.401 0.013
202009 0.275 108.164 0.336
202012 0.307 108.559 0.374
202103 0.341 110.298 0.409
202106 0.530 111.720 0.627
202109 0.476 112.905 0.558
202112 0.542 113.774 0.630
202203 1.226 117.646 1.378
202206 0.464 120.806 0.508
202209 0.347 120.648 0.380
202212 -0.092 120.964 -0.101
202303 -0.044 122.702 -0.047
202306 0.201 124.203 0.214
202309 0.124 125.230 0.131
202312 -0.025 125.072 -0.026
202403 0.177 126.258 0.185
202406 0.142 127.522 0.147
202409 0.032 127.285 0.033
202412 0.254 127.364 0.264
202503 0.103 129.181 0.105
202506 0.101 129.892 0.103
202509 0.096 130.287 0.097
202512 0.063 130.366 0.064
202603 0.132 132.262 0.132

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?
Dream Industrial Real Estate Investment Trust (FRA:6MS) has a E10 of €0.81 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Dream Industrial Real Estate Investment Trust and its competitors.
Is Dream Industrial Real Estate Investment Trust's E10 too high?
Dream Industrial Real Estate Investment Trust's current E10 is €0.81. Overall, Dream Industrial Real Estate Investment Trust has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dream Industrial Real Estate Investment Trust's E10 compare to PLD and PSA?
Dream Industrial Real Estate Investment 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 Dream Industrial Real Estate Investment Trust and its competitors. Dream Industrial Real Estate Investment 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 Dream Industrial Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Dream Industrial Real Estate Investment Trust (FRA:6MS) is currently considered Fairly Valued. The stock's GF Value™ is €8.15, compared to a current price of €8.28 — trading 1.6% above its estimated fair value. The current E10 is €0.81. Dream Industrial Real Estate Investment Trust's overall GF Score™ is 72/100 with 9 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 Dream Industrial Real Estate Investment Trust (FRA:6MS), the current E10 is €0.81 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 Dream Industrial Real Estate Investment Trust (FRA:6MS) Overvalued in 2026?

Based on GuruFocus' analysis, Dream Industrial Real Estate Investment Trust stock appears to be overvalued. The current stock price of €8.28 is trading 1.6% above its estimated GF Value™ of €8.15. GuruFocus considers Dream Industrial Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for FRA:6MS:

  • E10: €0.81
  • GF Value™: €8.15 vs. price of €8.28 (1.6% above fair value)
  • GF Score™: 72/100 with 9 warning signs

No single metric tells the full story. See the FRA:6MS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dream Industrial Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges DREUF:USADIR.UN:Canada
Address 30 Adelaide Street East, Suite 301, Toronto, ON, CAN, M5C 3H1
Dream Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. Its portfolio comprises industrial properties located in key markets across Canada, Europe and the USA. Its objective is to build upon and grow its portfolio and to provide stable and sustainable cash distributions to its unitholders.The reportable operating segments of its investment properties and results of operations are segmented into the following components: Ontario, Quebec, Western Canada, Europe, the U.S., Dream Summit JV and Development JV.
72GF Score

Get the complete analysis for FRA:6MS

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

€8.28
Price
€8.15
GF Value