Alexandria Real Estate Equities (HAM:A6W) E10: €1.69 (As of Mar. 2026)


HAM:A6W Alexandria Real Estate Equities Inc HAM:A6W
40 GF Score
Price €46.10
GF Value €80.55
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Alexandria Real Estate Equities E10?

Alexandria Real Estate Equities HAM:A6W +3.85% 40 E10 is €1.69 as of Mar. 2026. GuruFocus rates HAM:A6W with a GF Score™ of 40/100 and a GF Value™ of €80.55 (Possible Value Trap). The stock has 9 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.

Alexandria Real Estate Equities's adjusted earnings per share data for the three months ended in Mar. 2026 was €1.816. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Alexandria Real Estate Equities's average E10 Growth Rate was -27.50% per year. During the past 3 years, the average E10 Growth Rate was -13.60% per year. During the past 5 years, the average E10 Growth Rate was -1.20% per year. During the past 10 years, the average E10 Growth Rate was 3.20% 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 Alexandria Real Estate Equities was 16.70% per year. The lowest was -13.60% per year. And the median was 0.10% per year.

As of today (2026-06-27), Alexandria Real Estate Equities's current stock price is €46.10. Alexandria Real Estate Equities's E10 for the quarter that ended in Mar. 2026 was €1.69. Alexandria Real Estate Equities's Shiller PE Ratio of today is 27.28.

During the past 13 years, the highest Shiller PE Ratio of Alexandria Real Estate Equities was 105.53. The lowest was 18.87. And the median was 69.16.


Alexandria Real Estate Equities  (HAM:A6W) 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.

Alexandria Real Estate Equities's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=46.10/1.69
=27.28

* 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 Alexandria Real Estate Equities was 105.53. The lowest was 18.87. And the median was 69.16.


Be Aware

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


Alexandria Real Estate Equities E10 Related Terms


Alexandria Real Estate Equities E10 Historical Data

* Premium members only.

The historical data trend for Alexandria Real Estate Equities'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.

Alexandria Real Estate Equities E10 Chart

Alexandria Real Estate Equities 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 1.45

Alexandria Real Estate Equities 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 0.00 0.00 0.00 1.45 1.69

HAM:A6W vs BXP, VNO, CUZ: E10 Comparison

For the REIT - Office subindustry, Alexandria Real Estate Equities'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.


Alexandria Real Estate Equities Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Alexandria Real Estate Equities's Shiller PE Ratio falls into.


HAM:A6W
40GF Score
Alexandria Real Estate Equities Inc HAM:A6W
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexandria Real Estate Equities 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, Alexandria Real Estate Equities'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)
=1.816/330.2130*330.2130
=1.816

Current CPI (Mar. 2026) = 330.2130.

Alexandria Real Estate Equities Quarterly Data

per share eps CPI Adj_EPS
201606 -1.531 241.018 -2.098
201609 0.062 241.428 0.085
201612 -0.284 241.432 -0.388
201703 0.271 243.801 0.367
201706 0.312 244.955 0.421
201709 0.461 246.819 0.617
201712 0.321 246.524 0.430
201803 1.071 249.554 1.417
201806 0.437 251.989 0.573
201809 1.705 252.439 2.230
201812 -0.264 251.233 -0.347
201903 0.982 254.202 1.276
201906 0.602 256.143 0.776
201909 -0.400 256.759 -0.514
201912 1.566 256.974 2.012
202003 0.127 258.115 0.162
202006 1.616 257.797 2.070
202009 0.535 260.280 0.679
202012 2.680 260.474 3.398
202103 0.034 264.877 0.042
202106 2.166 271.696 2.633
202109 0.570 274.310 0.686
202112 0.416 278.802 0.493
202203 -0.872 287.504 -1.002
202206 1.580 296.311 1.761
202209 2.131 296.808 2.371
202212 0.293 296.797 0.326
202303 0.411 301.836 0.450
202306 0.471 305.109 0.510
202309 0.122 307.789 0.131
202312 -0.495 306.746 -0.533
202403 0.892 312.332 0.943
202406 0.232 314.175 0.244
202409 0.865 315.301 0.906
202412 -0.363 315.605 -0.380
202503 -0.065 319.799 -0.067
202506 -0.555 322.561 -0.568
202509 -1.176 324.800 -1.196
202512 -5.423 324.054 -5.526
202603 1.816 330.213 1.816

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 €1.69 mean?
Alexandria Real Estate Equities (HAM:A6W) has a E10 of €1.69 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Alexandria Real Estate Equities and its competitors.
Is Alexandria Real Estate Equities' E10 too high?
Alexandria Real Estate Equities' current E10 is €1.69. Overall, Alexandria Real Estate Equities has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alexandria Real Estate Equities' E10 compare to BXP and VNO?
Alexandria Real Estate Equities' E10 of €1.69 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 Alexandria Real Estate Equities and its competitors. Alexandria Real Estate Equities's current E10 is €1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexandria Real Estate Equities stock overvalued right now?
Based on GuruFocus' analysis, Alexandria Real Estate Equities (HAM:A6W) is currently considered Possible Value Trap. The stock's GF Value™ is €80.55, compared to a current price of €46.10 — trading 42.8% below its estimated fair value. The current E10 is €1.69. Alexandria Real Estate Equities' overall GF Score™ is 40/100 with 9 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 Alexandria Real Estate Equities (HAM:A6W), the current E10 is €1.69 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 Alexandria Real Estate Equities (HAM:A6W) Overvalued in 2026?

Based on GuruFocus' analysis, Alexandria Real Estate Equities stock appears to be undervalued. The current stock price of €46.10 is trading 42.8% below its estimated GF Value™ of €80.55. GuruFocus considers Alexandria Real Estate Equities to be Possible Value Trap.

Key valuation signals for HAM:A6W:

  • E10: €1.69
  • GF Value™: €80.55 vs. price of €46.10 (42.8% below fair value)
  • GF Score™: 40/100 with 9 warning signs

No single metric tells the full story. See the HAM:A6W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexandria Real Estate Equities Business Description

Industry Real EstateREITs
Address 26 North Euclid Avenue, Pasadena, CA, USA, 91101
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle, Texas, and Canada. The Company is a life science real estate investment trust focused on developing, redeveloping, and operating properties that provide space for lease to tenants in the life science industry.
40GF Score

Get the complete analysis for HAM:A6W

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

€46.10
Price
€80.55
GF Value