Boston Pizza Royaltiesome Fund (FRA:J8M) E10: €0.71 (As of Mar. 2026)


FRA:J8M Boston Pizza Royalties Income Fund FRA:J8M
56 GF Score
Price €14.41
GF Value €11.07
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Boston Pizza Royaltiesome Fund E10?

Boston Pizza Royaltiesome Fund FRA:J8M +1.15% 56 E10 is €0.71 as of Mar. 2026. GuruFocus rates FRA:J8M with a GF Score™ of 56/100 and a GF Value™ of €11.07 (Modestly 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.

Boston Pizza Royaltiesome Fund's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.359. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.71 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Boston Pizza Royaltiesome Fund's average E10 Growth Rate was 14.60% per year. During the past 3 years, the average E10 Growth Rate was 6.90% per year. During the past 5 years, the average E10 Growth Rate was 10.80% per year. During the past 10 years, the average E10 Growth Rate was 2.10% 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 Boston Pizza Royaltiesome Fund was 13.10% per year. The lowest was -10.40% per year. And the median was -1.10% per year.

As of today (2026-07-11), Boston Pizza Royaltiesome Fund's current stock price is €14.414. Boston Pizza Royaltiesome Fund's E10 for the quarter that ended in Mar. 2026 was €0.71. Boston Pizza Royaltiesome Fund's Shiller PE Ratio of today is 20.30.

During the past 13 years, the highest Shiller PE Ratio of Boston Pizza Royaltiesome Fund was 24.85. The lowest was 8.86. And the median was 18.96.


Boston Pizza Royaltiesome Fund  (FRA:J8M) 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.

Boston Pizza Royaltiesome Fund's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.414/0.71
=20.30

* 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 Boston Pizza Royaltiesome Fund was 24.85. The lowest was 8.86. And the median was 18.96.


Be Aware

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


Boston Pizza Royaltiesome Fund E10 Related Terms


Boston Pizza Royaltiesome Fund E10 Historical Data

* Premium members only.

The historical data trend for Boston Pizza Royaltiesome Fund'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.

Boston Pizza Royaltiesome Fund E10 Chart

Boston Pizza Royaltiesome Fund 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 0.70 0.68 0.70

Boston Pizza Royaltiesome Fund 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 0.64 0.63 0.69 0.70 0.71

FRA:J8M vs MCD, SBUX, YUM: E10 Comparison

For the Restaurants subindustry, Boston Pizza Royaltiesome Fund'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.


Boston Pizza Royaltiesome Fund Shiller PE Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Boston Pizza Royaltiesome Fund's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Boston Pizza Royaltiesome Fund's Shiller PE Ratio falls into.


FRA:J8M
56GF Score
Boston Pizza Royalties Income Fund FRA:J8M
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boston Pizza Royaltiesome Fund 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, Boston Pizza Royaltiesome Fund'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)
=0.359/132.2623*132.2623
=0.359

Current CPI (Mar. 2026) = 132.2623.

Boston Pizza Royaltiesome Fund Quarterly Data

per share eps CPI Adj_EPS
201606 0.338 102.002 0.438
201609 0.353 101.765 0.459
201612 0.306 101.449 0.399
201703 0.182 102.634 0.235
201706 0.261 103.029 0.335
201709 0.014 103.345 0.018
201712 0.212 103.345 0.271
201803 -0.044 105.004 -0.055
201806 0.150 105.557 0.188
201809 -0.112 105.636 -0.140
201812 -0.111 105.399 -0.139
201903 0.338 106.979 0.418
201906 0.280 107.690 0.344
201909 0.185 107.611 0.227
201912 -0.253 107.769 -0.310
202003 -0.882 107.927 -1.081
202006 0.229 108.401 0.279
202009 -0.193 108.164 -0.236
202012 0.578 108.559 0.704
202103 0.361 110.298 0.433
202106 0.245 111.720 0.290
202109 0.087 112.905 0.102
202112 0.408 113.774 0.474
202203 0.430 117.646 0.483
202206 -0.148 120.806 -0.162
202209 0.310 120.648 0.340
202212 0.208 120.964 0.227
202303 0.164 122.702 0.177
202306 0.410 124.203 0.437
202309 0.042 125.230 0.044
202312 0.171 125.072 0.181
202403 0.251 126.258 0.263
202406 0.224 127.522 0.232
202409 0.293 127.285 0.304
202412 0.208 127.364 0.216
202503 0.135 129.181 0.138
202506 0.425 129.892 0.433
202509 0.302 130.287 0.307
202512 0.322 130.366 0.327
202603 0.359 132.262 0.359

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 €0.71 mean?
Boston Pizza Royaltiesome Fund (FRA:J8M) has a E10 of €0.71 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Boston Pizza Royaltiesome Fund and its competitors.
Is Boston Pizza Royaltiesome Fund's E10 too high?
Boston Pizza Royaltiesome Fund's current E10 is €0.71. Overall, Boston Pizza Royaltiesome Fund has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Boston Pizza Royaltiesome Fund's E10 compare to MCD and SBUX?
Boston Pizza Royaltiesome Fund's E10 of €0.71 can be compared against companies in the Restaurants 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 Restaurants company?
A good E10 depends on the Restaurants 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 Boston Pizza Royaltiesome Fund and its competitors. Boston Pizza Royaltiesome Fund's current E10 is €0.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Pizza Royaltiesome Fund stock overvalued right now?
Based on GuruFocus' analysis, Boston Pizza Royaltiesome Fund (FRA:J8M) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.07, compared to a current price of €14.41 — trading 30.2% above its estimated fair value. The current E10 is €0.71. Boston Pizza Royaltiesome Fund's overall GF Score™ is 56/100 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 Boston Pizza Royaltiesome Fund (FRA:J8M), the current E10 is €0.71 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 Boston Pizza Royaltiesome Fund (FRA:J8M) Overvalued in 2026?

Based on GuruFocus' analysis, Boston Pizza Royaltiesome Fund stock appears to be overvalued. The current stock price of €14.41 is trading 30.2% above its estimated GF Value™ of €11.07. GuruFocus considers Boston Pizza Royaltiesome Fund to be Modestly Overvalued.

Key valuation signals for FRA:J8M:

  • E10: €0.71
  • GF Value™: €11.07 vs. price of €14.41 (30.2% above fair value)
  • GF Score™: 56/100 with 8 warning signs

No single metric tells the full story. See the FRA:J8M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Boston Pizza Royaltiesome Fund Business Description

Other Exchanges BPZZF:USABPF.UN:Canada
Address 201 - 13571 Commerce Parkway, Richmond, BC, CAN, V6V 2R2
Boston Pizza Royalties Income Fund is a limited-purpose open-ended trust. It receives royalties from Boston Pizza Inc on the franchise sales of Boston Pizza Restaurants. The trust distributes all available cash from operations to unitholders of the trust to the maximum extent possible.
56GF Score

Get the complete analysis for FRA:J8M

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

€14.41
Price
€11.07
GF Value