Wereldhave NV (FRA:WER) E10: €0.83 (As of Dec. 2025)


FRA:WER Wereldhave NV FRA:WER
63 GF Score
Price €19.78
GF Value €15.32
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Wereldhave NV E10?

Wereldhave NV FRA:WER +1.33% 63 E10 is €0.83 as of Dec. 2025. GuruFocus rates FRA:WER with a GF Score™ of 63/100 and a GF Value™ of €15.32 (Modestly Overvalued). The stock has 3 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.

Wereldhave NV's adjusted earnings per share data for the three months ended in Dec. 2025 was €0.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.83 for the trailing ten years ended in Dec. 2025.

During the past 12 months, Wereldhave NV's average E10 Growth Rate was -39.60% 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.

As of today (2026-06-27), Wereldhave NV's current stock price is €19.78. Wereldhave NV's E10 for the quarter that ended in Dec. 2025 was €0.83. Wereldhave NV's Shiller PE Ratio of today is 23.83.

During the past 13 years, the highest Shiller PE Ratio of Wereldhave NV was 187.00. The lowest was 9.94. And the median was 18.88.


Wereldhave NV  (FRA:WER) 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.

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

Shiller PE Ratio=Share Price/E10
=19.78/0.83
=23.83

* 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 Wereldhave NV was 187.00. The lowest was 9.94. And the median was 18.88.


Be Aware

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


Wereldhave NV E10 Related Terms


Wereldhave NV E10 Historical Data

* Premium members only.

The historical data trend for Wereldhave NV'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.

Wereldhave NV E10 Chart

Wereldhave NV 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 1.38 0.83

Wereldhave NV Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 1.43 1.44 1.00 0.83 0.00

FRA:WER vs SPG, O, KIM: E10 Comparison

For the REIT - Retail subindustry, Wereldhave NV'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.


Wereldhave NV Shiller PE Ratio vs REITs Industry

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

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


FRA:WER
63GF Score
Wereldhave NV FRA:WER
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wereldhave NV 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, Wereldhave NV's adjusted earnings per share data for the three months ended in Dec. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2025 (Change)*Current CPI (Dec. 2025)
=0.34/135.2700*135.2700
=0.340

Current CPI (Dec. 2025) = 135.2700.

Wereldhave NV Quarterly Data

per share eps CPI Adj_EPS
201012 0.603 91.820 0.888
201103 0.975 93.460 1.411
201106 0.914 93.570 1.321
201109 0.766 94.530 1.096
201112 -0.661 94.040 -0.951
201203 0.931 95.780 1.315
201206 -6.126 95.570 -8.671
201209 0.461 96.720 0.645
201212 0.748 96.760 1.046
201306 0.000 98.320 0.000
201312 0.000 98.360 0.000
201403 0.620 99.390 0.844
201406 -0.446 99.240 -0.608
201412 0.000 99.050 0.000
201503 0.200 99.750 0.271
201506 2.060 100.230 2.780
201512 0.000 99.730 0.000
201606 0.000 100.260 0.000
201612 0.000 100.710 0.000
201706 0.000 101.370 0.000
201712 0.000 101.970 0.000
201806 0.000 103.100 0.000
201812 0.000 103.970 0.000
201906 0.000 105.840 0.000
201912 0.000 106.800 0.000
202006 0.000 107.510 0.000
202012 0.000 107.850 0.000
202106 0.000 109.670 0.000
202112 0.000 114.010 0.000
202206 0.000 119.050 0.000
202212 0.000 124.940 0.000
202306 0.000 125.830 0.000
202312 0.000 126.450 0.000
202406 0.000 129.910 0.000
202409 0.330 131.610 0.339
202412 0.640 131.630 0.658
202503 0.360 133.330 0.365
202506 0.650 133.960 0.656
202509 0.250 135.920 0.249
202512 0.340 135.270 0.340

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 €0.83 mean?
Wereldhave NV (FRA:WER) has a E10 of €0.83 as of Dec. 2025. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Wereldhave NV and its competitors.
Is Wereldhave NV's E10 too high?
Wereldhave NV's current E10 is €0.83. Overall, Wereldhave NV has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wereldhave NV's E10 compare to SPG and O?
Wereldhave NV's E10 of €0.83 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 Wereldhave NV and its competitors. Wereldhave NV's current E10 is €0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wereldhave NV stock overvalued right now?
Based on GuruFocus' analysis, Wereldhave NV (FRA:WER) is currently considered Modestly Overvalued. The stock's GF Value™ is €15.32, compared to a current price of €19.78 — trading 29.1% above its estimated fair value. The current E10 is €0.83. Wereldhave NV's overall GF Score™ is 63/100 with 3 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 Wereldhave NV (FRA:WER), the current E10 is €0.83 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 Wereldhave NV (FRA:WER) Overvalued in 2026?

Based on GuruFocus' analysis, Wereldhave NV stock appears to be overvalued. The current stock price of €19.78 is trading 29.1% above its estimated GF Value™ of €15.32. GuruFocus considers Wereldhave NV to be Modestly Overvalued.

Key valuation signals for FRA:WER:

  • E10: €0.83
  • GF Value™: €15.32 vs. price of €19.78 (29.1% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Wereldhave NV Business Description

Industry Real EstateREITs
Address Nieuwe Passeerdersstraat 1, Amsterdam, NLD, 1016 XP
Wereldhave NV is a Dutch real estate investment company that owns and operates shopping centers in northwest continental Europe. The company's properties are located in large regional cities in the Netherlands, Belgium, Luxembourg, and France. Its Full Service Centers contribute to a finer everyday life for visitors and finer business for tenants by offering a one-stop location for groceries, shopping, leisure, relaxation, sports, health, work, and other daily needs. The group principally generates revenue from leasing retail space to tenants, which include fashion and accessories stores, restaurants and cafes, consumer electronics retailers, and homeware and household shops.
63GF Score

Get the complete analysis for FRA:WER

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

€19.78
Price
€15.32
GF Value