Develia (FRA:94L) E10: €0.11 (As of Mar. 2026)


FRA:94L Develia SA FRA:94L
89 GF Score
Price €2.52
GF Value €1.84
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Develia E10?

Develia FRA:94L +9.33% 89 E10 is €0.11 as of Mar. 2026. GuruFocus rates FRA:94L with a GF Score™ of 89/100 and a GF Value™ of €1.84 (Significantly Overvalued). The stock has 8 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.

Develia's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.086. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Develia's average E10 Growth Rate was 18.60% per year. During the past 3 years, the average E10 Growth Rate was 25.00% per year. During the past 5 years, the average E10 Growth Rate was 16.50% 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 Develia was 25.00% per year. The lowest was 8.20% per year. And the median was 9.30% per year.

As of today (2026-07-01), Develia's current stock price is €2.52. Develia's E10 for the quarter that ended in Mar. 2026 was €0.11. Develia's Shiller PE Ratio of today is 22.91.

During the past 13 years, the highest Shiller PE Ratio of Develia was 21.73. The lowest was 6.92. And the median was 14.12.


Develia  (FRA:94L) 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.

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

Shiller PE Ratio=Share Price/E10
=2.52/0.11
=22.91

* 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 Develia was 21.73. The lowest was 6.92. And the median was 14.12.


Be Aware

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


Develia E10 Related Terms


Develia E10 Historical Data

* Premium members only.

The historical data trend for Develia'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.

Develia E10 Chart

Develia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.05 0.06 0.08 0.10

Develia Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.10 0.10 0.11 0.11 0.11

Develia E10 Competitor Comparison

For the Real Estate - Development subindustry, Develia'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.


Develia Shiller PE Ratio vs Real Estate Industry

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

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


FRA:94L
89GF Score
Develia SA FRA:94L
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Develia 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, Develia'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)
=0.086/158.3232*158.3232
=0.086

Current CPI (Mar. 2026) = 158.3232.

Develia Quarterly Data

per share eps CPI Adj_EPS
201603 0.009 98.983 0.014
201606 0.039 99.552 0.062
201609 -0.005 99.064 -0.008
201612 0.014 100.366 0.022
201703 0.005 101.018 0.008
201706 0.018 101.180 0.028
201709 0.027 101.343 0.042
201712 -0.009 102.564 -0.014
201803 0.041 102.564 0.063
201806 0.034 103.378 0.052
201809 -0.002 103.378 -0.003
201812 0.009 103.785 0.014
201903 0.082 104.274 0.125
201906 0.008 105.983 0.012
201909 0.016 105.983 0.024
201912 -0.020 107.123 -0.030
202003 0.034 109.076 0.049
202006 -0.030 109.402 -0.043
202009 0.007 109.320 0.010
202012 -0.082 109.565 -0.118
202103 0.018 112.658 0.025
202106 0.009 113.960 0.013
202109 0.016 115.588 0.022
202112 0.034 119.088 0.045
202203 0.007 125.031 0.009
202206 0.000 131.705 0.000
202209 0.016 135.531 0.019
202212 0.093 139.113 0.106
202303 0.030 145.950 0.033
202306 0.011 147.009 0.012
202309 0.023 146.113 0.025
202312 0.077 147.741 0.083
202403 0.043 149.044 0.046
202406 0.032 150.997 0.034
202409 0.034 153.439 0.035
202412 0.082 154.660 0.084
202503 0.032 157.021 0.032
202506 0.054 157.509 0.054
202509 0.066 157.998 0.066
202603 0.086 158.323 0.086

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 €0.11 mean?
Develia (FRA:94L) has a E10 of €0.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Develia and its competitors.
Is Develia's E10 too high?
Develia's current E10 is €0.11. Overall, Develia has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Develia's E10 compare to competitors?
Develia's E10 of €0.11 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 Develia and its competitors. Develia's current E10 is €0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develia stock overvalued right now?
Based on GuruFocus' analysis, Develia (FRA:94L) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.84, compared to a current price of €2.52 — trading 37% above its estimated fair value. The current E10 is €0.11. Develia's overall GF Score™ is 89/100 with 8 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 Develia (FRA:94L), the current E10 is €0.11 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 Develia (FRA:94L) Overvalued in 2026?

Based on GuruFocus' analysis, Develia stock appears to be overvalued. The current stock price of €2.52 is trading 37% above its estimated GF Value™ of €1.84. GuruFocus considers Develia to be Significantly Overvalued.

Key valuation signals for FRA:94L:

  • E10: €0.11
  • GF Value™: €1.84 vs. price of €2.52 (37% above fair value)
  • GF Score™: 89/100 with 8 warning signs

No single metric tells the full story. See the FRA:94L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Develia Business Description

Other Exchanges DVL:Poland0LVI:UK
Address ul. Powstancow Slaskich 2-4, Wroclaw, POL, 53-333
Develia SA is a Poland based real estate developer. The company executes commercial and residential investment projects. It is engaged in activities, consisting of the purchasing of real estate and the development of residential, office, commercial or retail projects, and the sale or lease of premises. Its properties are built in Polish cities including Warsaw, Wroclaw, Krakow, Katowice, Gdansk, and Lodz.
89GF Score

Get the complete analysis for FRA:94L

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

€2.52
Price
€1.84
GF Value