JBG SMITH Properties (FRA:JBG) E10: €-0.55 (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:JBG JBG SMITH Properties FRA:JBG
59 GF Score
Price €9.55
GF Value €17.95
! 8 Warning Signs
View Full Analysis

What is JBG SMITH Properties E10?

JBG SMITH Properties FRA:JBG +2.14% 59 E10 is €-0.55 as of Jun. 2026. GuruFocus rates FRA:JBG with a GF Score™ of 59/100 and a GF Value™ of €17.95. 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.

JBG SMITH Properties's adjusted earnings per share data for the three months ended in Jun. 2026 was €-0.894. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.55 for the trailing ten years ended in Jun. 2026.

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.

As of today (2026-08-14), JBG SMITH Properties's current stock price is €9.55. JBG SMITH Properties's E10 for the quarter that ended in Jun. 2026 was €-0.55. JBG SMITH Properties's Shiller PE Ratio of today is .


JBG SMITH Properties  (FRA:JBG) 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.


Be Aware

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


JBG SMITH Properties E10 Related Terms


JBG SMITH Properties E10 Historical Data

* Premium members only.

The historical data trend for JBG SMITH Properties'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.

JBG SMITH Properties E10 Chart

JBG SMITH Properties 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 0.00 0.00 -0.38

JBG SMITH Properties 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 -0.25 -0.30 -0.38 -0.45 -0.55

FRA:JBG vs CTO, ESRT, GOOD: E10 Comparison

For the REIT - Diversified subindustry, JBG SMITH Properties'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.


JBG SMITH Properties Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where JBG SMITH Properties's Shiller PE Ratio falls into.


FRA:JBG
59GF Score
JBG SMITH Properties FRA:JBG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JBG SMITH Properties 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, JBG SMITH Properties'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)
=-0.894/333.9520*333.9520
=-0.894

Current CPI (Jun. 2026) = 333.9520.

JBG SMITH Properties Quarterly Data

per share eps CPI Adj_EPS
201609 0.158 241.428 0.219
201612 0.101 241.432 0.140
201703 0.050 243.801 0.068
201706 0.085 244.955 0.116
201709 -0.512 246.819 -0.693
201712 -0.127 246.524 -0.172
201803 -0.032 249.554 -0.043
201806 0.146 251.989 0.193
201809 0.163 252.439 0.216
201812 -0.009 251.233 -0.012
201903 0.177 254.202 0.233
201906 -0.027 256.143 -0.035
201909 0.054 256.759 0.070
201912 0.225 256.974 0.292
202003 0.290 258.115 0.375
202006 -0.249 257.797 -0.323
202009 -0.153 260.280 -0.196
202012 -0.296 260.474 -0.379
202103 -0.134 264.877 -0.169
202106 -0.025 271.696 -0.031
202109 0.001 274.310 0.001
202112 -0.398 278.802 -0.477
202203 0.000 287.504 0.000
202206 0.965 296.311 1.088
202209 -0.172 296.808 -0.194
202212 -0.160 296.797 -0.180
202303 0.177 301.836 0.196
202306 -0.092 305.109 -0.101
202309 -0.543 307.789 -0.589
202312 -0.321 306.746 -0.349
202403 -0.331 312.332 -0.354
202406 -0.251 314.175 -0.267
202409 -0.288 315.301 -0.305
202412 -0.688 315.605 -0.728
202503 -0.518 319.799 -0.541
202506 -0.251 322.561 -0.260
202509 -0.409 324.800 -0.421
202512 -0.666 324.054 -0.686
202603 -0.277 330.213 -0.280
202606 -0.894 333.952 -0.894

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 €-0.55 mean?
JBG SMITH Properties (FRA:JBG) has a E10 of €-0.55 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JBG SMITH Properties and its competitors.
Is JBG SMITH Properties' E10 too high?
JBG SMITH Properties' current E10 is €-0.55. Overall, JBG SMITH Properties has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does JBG SMITH Properties' E10 compare to CTO and ESRT?
JBG SMITH Properties' E10 of €-0.55 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 JBG SMITH Properties and its competitors. JBG SMITH Properties's current E10 is €-0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBG SMITH Properties stock overvalued right now?
JBG SMITH Properties (FRA:JBG) has a current E10 of €-0.55. The stock's GF Value™ is €17.95, compared to a current price of €9.55 — trading 46.8% below its estimated fair value. The current E10 is €-0.55. JBG SMITH Properties' overall GF Score™ is 59/100 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 JBG SMITH Properties (FRA:JBG), the current E10 is €-0.55 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 JBG SMITH Properties (FRA:JBG) Overvalued in 2026?

Based on GuruFocus' analysis, JBG SMITH Properties stock appears to be undervalued. The current stock price of €9.55 is trading 46.8% below its estimated GF Value™ of €17.95.

Key valuation signals for FRA:JBG:

  • E10: €-0.55
  • GF Value™: €17.95 vs. price of €9.55 (46.8% below fair value)
  • GF Score™: 59/100 with 8 warning signs

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


JBG SMITH Properties Business Description

Industry Real EstateREITs
Other Exchanges JBGS:USA
Address 4747 Bethesda Avenue, Suite 200, Bethesda, MD, USA, 20814
JBG SMITH Properties is a real estate investment trust based in the United States. It owns, operates, invests in, and develops real estate assets concentrated in amenity-rich, metro-served submarkets in and around Washington, DC. In addition, the company also provides fee-based real estate services to legacy funds through its third-party real estate services business. The operating segments of the company are commercial, multifamily, and third-party real estate services. It generates maximum revenue from the commercial segment.
59GF Score

Get the complete analysis for FRA:JBG

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

€9.55
Price
€17.95
GF Value