Deutsche EuroShop SE (FRA:DEQ) E10: €1.22 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:DEQ Deutsche EuroShop SE FRA:DEQ
67 GF Score
Price €17.48
GF Value €19.72
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Deutsche EuroShop SE E10?

Deutsche EuroShop SE FRA:DEQ -0.34% 67 E10 is €1.22 as of Jun. 2026. GuruFocus rates FRA:DEQ with a GF Score™ of 67/100 and a GF Value™ of €19.72 (Modestly Undervalued). The stock has 4 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.

Deutsche EuroShop SE's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.564. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.22 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Deutsche EuroShop SE's average E10 Growth Rate was -23.80% per year. During the past 3 years, the average E10 Growth Rate was -17.10% per year. During the past 5 years, the average E10 Growth Rate was -11.30% 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 Deutsche EuroShop SE was 0.50% per year. The lowest was -17.10% per year. And the median was -6.80% per year.

As of today (2026-09-17), Deutsche EuroShop SE's current stock price is €17.48. Deutsche EuroShop SE's E10 for the quarter that ended in Jun. 2026 was €1.22. Deutsche EuroShop SE's Shiller PE Ratio of today is 14.28.

During the past 13 years, the highest Shiller PE Ratio of Deutsche EuroShop SE was 17.01. The lowest was 3.90. And the median was 10.42.


Deutsche EuroShop SE  (FRA:DEQ) 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.

Deutsche EuroShop SE's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.48/1.224
=14.28

* 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 Deutsche EuroShop SE was 17.01. The lowest was 3.90. And the median was 10.42.


Be Aware

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


Deutsche EuroShop SE E10 Related Terms


Deutsche EuroShop SE E10 Historical Data

* Premium members only.

The historical data trend for Deutsche EuroShop SE'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.

Deutsche EuroShop SE E10 Chart

Deutsche EuroShop SE 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 2.21 2.14 1.79 1.60 1.21

Deutsche EuroShop SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.61 1.60 1.23 1.22 1.22

FRA:DEQ vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Deutsche EuroShop SE'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.


Deutsche EuroShop SE Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where Deutsche EuroShop SE's Shiller PE Ratio falls into.


FRA:DEQ
67GF Score
Deutsche EuroShop SE FRA:DEQ
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche EuroShop SE 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, Deutsche EuroShop SE's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.5643/131.3638*131.3638
=0.564

Current CPI (Jun. 2026) = 131.3638.

Deutsche EuroShop SE Quarterly Data

per share eps CPI Adj_EPS
201609 0.416 101.017 0.541
201612 2.607 101.217 3.384
201703 0.476 101.417 0.616
201706 0.476 102.117 0.612
201709 0.466 102.717 0.596
201712 0.813 102.617 1.041
201803 0.486 102.917 0.620
201806 0.397 104.017 0.501
201809 0.431 104.718 0.541
201812 -0.044 104.217 -0.056
201903 0.632 104.217 0.797
201906 0.431 105.718 0.535
201909 0.435 106.018 0.539
201912 0.301 105.818 0.373
202003 0.450 105.718 0.559
202006 -2.524 106.618 -3.110
202009 0.381 105.818 0.473
202012 -2.346 105.518 -2.920
202103 0.358 107.518 0.438
202106 0.232 108.486 0.281
202109 0.117 109.435 0.140
202112 0.255 110.384 0.303
202203 0.394 113.968 0.454
202206 0.347 115.760 0.394
202209 0.296 118.818 0.327
202212 -0.694 119.345 -0.764
202303 0.374 122.402 0.401
202306 0.138 123.140 0.147
202309 0.407 124.195 0.430
202312 -1.393 123.773 -1.478
202403 0.428 125.038 0.450
202406 0.352 125.882 0.367
202409 0.302 126.198 0.315
202412 0.541 127.041 0.559
202503 0.421 127.779 0.432
202506 0.501 128.412 0.512
202509 0.313 129.255 0.319
202512 1.605 129.361 1.629
202603 0.376 131.258 0.376
202606 0.564 131.364 0.564

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 €1.22 mean?
Deutsche EuroShop SE (FRA:DEQ) has a E10 of €1.22 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Deutsche EuroShop SE and its competitors.
Is Deutsche EuroShop SE's E10 too high?
Deutsche EuroShop SE's current E10 is €1.22. Overall, Deutsche EuroShop SE has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche EuroShop SE's E10 compare to CBRE and BEKE?
Deutsche EuroShop SE's E10 of €1.22 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 Deutsche EuroShop SE and its competitors. Deutsche EuroShop SE's current E10 is €1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche EuroShop SE stock overvalued right now?
Based on GuruFocus' analysis, Deutsche EuroShop SE (FRA:DEQ) is currently considered Modestly Undervalued. The stock's GF Value™ is €19.72, compared to a current price of €17.48 — trading 11.4% below its estimated fair value. The current E10 is €1.22. Deutsche EuroShop SE's overall GF Score™ is 67/100 with 4 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 Deutsche EuroShop SE (FRA:DEQ), the current E10 is €1.22 as of Jun. 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 Deutsche EuroShop SE (FRA:DEQ) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche EuroShop SE stock appears to be undervalued. The current stock price of €17.48 is trading 11.4% below its estimated GF Value™ of €19.72. GuruFocus considers Deutsche EuroShop SE to be Modestly Undervalued.

Key valuation signals for FRA:DEQ:

  • E10: €1.22
  • GF Value™: €19.72 vs. price of €17.48 (11.4% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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


Deutsche EuroShop SE Business Description

Address Heegbarg 36, Hamburg, DEU, 22391
Deutsche EuroShop AG is a German real estate investment firm that invests in shopping centers. The company's properties are mostly located in Germany, with the remainder in Austria, Poland, Hungary, and the Czech Republic. The company generates revenue from leasing properties to tenants, which include general retailers, consumer electronics retailers, and fashion and accessories stores. Deutsche EuroShop operates through two geographical segments: domestic, which contributes the majority of consolidated revenue, and abroad.
67GF Score

Get the complete analysis for FRA:DEQ

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

€17.48
Price
€19.72
GF Value