Allreal Holding (FRA:AZ4N) E10: €11.69 (As of Dec. 2025)


FRA:AZ4N Allreal Holding Ltd FRA:AZ4N
73 GF Score
Price €224.00
GF Value €163.22
! 5 Warning Signs
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What is Allreal Holding E10?

Allreal Holding FRA:AZ4N -0.88% 73 E10 is €11.69 as of Dec. 2025. GuruFocus rates FRA:AZ4N with a GF Score™ of 73/100 and a GF Value™ of €163.22. The stock has 5 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.

Allreal Holding's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was €14.232. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €11.69 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Allreal Holding's average E10 Growth Rate was 4.80% per year. During the past 3 years, the average E10 Growth Rate was 3.00% per year. During the past 5 years, the average E10 Growth Rate was 3.40% per year. During the past 10 years, the average E10 Growth Rate was 4.10% 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 Allreal Holding was 5.70% per year. The lowest was 1.50% per year. And the median was 3.50% per year.

As of today (2026-06-27), Allreal Holding's current stock price is € 224.00. Allreal Holding's E10 for the fiscal year that ended in Dec. 2025 was €11.69. Allreal Holding's Shiller PE Ratio of today is 19.16.

During the past 13 years, the highest Shiller PE Ratio of Allreal Holding was 24.36. The lowest was 13.88. And the median was 19.83.


Allreal Holding  (FRA:AZ4N) 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.

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

Shiller PE Ratio=Share Price/E10
=224.00/11.69
=19.16

* 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 Allreal Holding was 24.36. The lowest was 13.88. And the median was 19.83.


Be Aware

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


Allreal Holding E10 Related Terms


Allreal Holding E10 Historical Data

* Premium members only.

The historical data trend for Allreal Holding'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.

Allreal Holding E10 Chart

Allreal Holding 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 7.01 10.00 9.79 9.47 11.69

Allreal Holding Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 9.79 0.00 9.47 0.00 11.69

FRA:AZ4N vs CBRE, BEKE: E10 Comparison

For the Real Estate Services subindustry, Allreal Holding'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.


Allreal Holding Shiller PE Ratio vs Real Estate Industry

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

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


FRA:AZ4N
73GF Score
Allreal Holding Ltd FRA:AZ4N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Allreal Holding 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, Allreal Holding's adjusted earnings per share data for the fiscal year that ended in Dec. 2025 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=14.232/107.1957*107.1957
=14.232

Current CPI (Dec. 2025) = 107.1957.

Allreal Holding Annual Data

per_share_eps CPI Adj_EPS
201612 10.137 99.380 10.934
201712 6.943 100.213 7.427
201812 8.977 100.906 9.537
201912 14.014 101.063 14.864
202012 9.734 100.241 10.409
202112 10.983 101.776 11.568
202212 9.485 104.666 9.714
202312 4.188 106.461 4.217
202412 13.710 107.128 13.719
202512 14.232 107.196 14.232

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 €11.69 mean?
Allreal Holding (FRA:AZ4N) has a E10 of €11.69 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Allreal Holding and its competitors.
Is Allreal Holding's E10 too high?
Allreal Holding's current E10 is €11.69. Overall, Allreal Holding has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Allreal Holding's E10 compare to CBRE and BEKE?
Allreal Holding's E10 of €11.69 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 Allreal Holding and its competitors. Allreal Holding's current E10 is €11.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allreal Holding stock overvalued right now?
Allreal Holding (FRA:AZ4N) has a current E10 of €11.69. The stock's GF Value™ is €163.22, compared to a current price of €224.00 — trading 37.2% above its estimated fair value. The current E10 is €11.69. Allreal Holding's overall GF Score™ is 73/100 with 5 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 Allreal Holding (FRA:AZ4N), the current E10 is €11.69 as of Dec. 2025. 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 Allreal Holding (FRA:AZ4N) Overvalued in 2026?

Based on GuruFocus' analysis, Allreal Holding stock appears to be overvalued. The current stock price of €224.00 is trading 37.2% above its estimated GF Value™ of €163.22.

Key valuation signals for FRA:AZ4N:

  • E10: €11.69
  • GF Value™: €163.22 vs. price of €224.00 (37.2% above fair value)
  • GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the FRA:AZ4N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Allreal Holding Business Description

Address Grabenstrasse 25, Baar, CHE, 6340
Allreal Holding Ltd is a real estate portfolio company in Switzerland. The company divides its business into two segments: real estate and project & development. The real estate division has three subdivisions: portfolio management, real estate management, and Building Management. The company's investment portfolio is mainly composed of commercial properties with a small section of residential investments. The project & development division offers a range of services, stretching from site and ground analysis through the construction of the project. The company develops projects in all segments of real estate for private and institutional investors and owners, and its portfolio. The company operates exclusively in Switzerland with the majority of its business in the Zurich area.
73GF Score

Get the complete analysis for FRA:AZ4N

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

€224.00
Price
€163.22
GF Value