HMBRF (Hamborner REIT AG) E10: $0.34 (As of Mar. 2026)


HMBRF Hamborner REIT AG HMBRF
68 GF Score
Price $6.50
GF Value $7.64
! 9 Warning Signs
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What is Hamborner REIT AG E10?

Hamborner REIT AG HMBRF -9.17% 68 E10 is $0.34 as of Mar. 2026. GuruFocus rates HMBRF with a GF Score™ of 68/100 and a GF Value™ of $7.64. 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.

Hamborner REIT AG's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.035. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hamborner REIT AG's average E10 Growth Rate was -8.00% per year. During the past 3 years, the average E10 Growth Rate was -5.00% per year. During the past 5 years, the average E10 Growth Rate was 1.50% 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 Hamborner REIT AG was 8.70% per year. The lowest was -5.00% per year. And the median was 0.70% per year.

As of today (2026-06-27), Hamborner REIT AG's current stock price is $6.50. Hamborner REIT AG's E10 for the quarter that ended in Mar. 2026 was $0.34. Hamborner REIT AG's Shiller PE Ratio of today is 19.12.

During the past 13 years, the highest Shiller PE Ratio of Hamborner REIT AG was 44.43. The lowest was 17.40. And the median was 33.76.


Hamborner REIT AG  (OTCPK:HMBRF) 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.

Hamborner REIT AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.50/0.34
=19.12

* 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 Hamborner REIT AG was 44.43. The lowest was 17.40. And the median was 33.76.


Be Aware

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


Hamborner REIT AG E10 Related Terms


Hamborner REIT AG E10 Historical Data

* Premium members only.

The historical data trend for Hamborner REIT AG'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.

Hamborner REIT AG E10 Chart

Hamborner REIT AG 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 0.22 0.35 0.33 0.33 0.35

Hamborner REIT AG 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 0.35 0.30 0.29 0.35 0.34

HMBRF vs VICI, WPC, BNL: E10 Comparison

For the REIT - Diversified subindustry, Hamborner REIT AG'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.


Hamborner REIT AG Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Hamborner REIT AG's Shiller PE Ratio falls into.


HMBRF
68GF Score
Hamborner REIT AG HMBRF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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Hamborner REIT AG 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, Hamborner REIT AG'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)
=0.035/131.2583*131.2583
=0.035

Current CPI (Mar. 2026) = 131.2583.

Hamborner REIT AG Quarterly Data

per share eps CPI Adj_EPS
201606 0.044 100.717 0.057
201609 0.090 101.017 0.117
201612 0.032 101.217 0.041
201703 0.064 101.417 0.083
201706 0.090 102.117 0.116
201709 0.072 102.717 0.092
201712 0.024 102.617 0.031
201803 0.049 102.917 0.062
201806 0.093 104.017 0.117
201809 0.082 104.718 0.103
201812 0.057 104.217 0.072
201903 0.045 104.217 0.057
201906 0.079 105.718 0.098
201909 0.088 106.018 0.109
201912 0.033 105.818 0.041
202003 0.044 105.718 0.055
202006 -0.169 106.618 -0.208
202009 0.130 105.818 0.161
202012 -0.141 105.518 -0.175
202103 0.155 107.518 0.189
202106 0.518 108.486 0.627
202109 0.129 109.435 0.155
202112 0.011 110.384 0.013
202203 0.033 113.968 0.038
202206 0.053 115.760 0.060
202209 0.050 118.818 0.055
202212 0.042 119.345 0.046
202303 0.064 122.402 0.069
202306 -0.087 123.140 -0.093
202309 0.064 124.195 0.068
202312 -0.044 123.773 -0.047
202403 0.065 125.038 0.068
202406 0.043 125.882 0.045
202409 0.055 126.198 0.057
202412 0.061 127.041 0.063
202503 0.032 127.779 0.033
202506 0.058 128.412 0.059
202509 0.035 129.255 0.036
202512 0.047 129.361 0.048
202603 0.035 131.258 0.035

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 $0.34 mean?
Hamborner REIT AG (HMBRF) has a E10 of $0.34 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hamborner REIT AG and its competitors.
Is Hamborner REIT AG's E10 too high?
Hamborner REIT AG's current E10 is $0.34. Overall, Hamborner REIT AG has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Hamborner REIT AG's E10 compare to VICI and WPC?
Hamborner REIT AG's E10 of $0.34 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 Hamborner REIT AG and its competitors. Hamborner REIT AG's current E10 is $0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamborner REIT AG stock overvalued right now?
Hamborner REIT AG (HMBRF) has a current E10 of $0.34. The stock's GF Value™ is $7.64, compared to a current price of $6.50 — trading 14.9% below its estimated fair value. The current E10 is $0.34. Hamborner REIT AG's overall GF Score™ is 68/100 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 Hamborner REIT AG (HMBRF), the current E10 is $0.34 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 Hamborner REIT AG (HMBRF) Overvalued in 2026?

Based on GuruFocus' analysis, Hamborner REIT AG stock appears to be undervalued. The current stock price of $6.50 is trading 14.9% below its estimated GF Value™ of $7.64.

Key valuation signals for HMBRF:

  • E10: $0.34
  • GF Value™: $7.64 vs. price of $6.50 (14.9% below fair value)
  • GF Score™: 68/100 with 9 warning signs

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


Hamborner REIT AG Business Description

Industry Real EstateREITs
Other Exchanges HABAD:UKHABA:Germany
Address Goethestrasse 45, Duisburg, NW, DEU, 47166
Hamborner REIT AG is a real estate investment trust (REIT) specializing in property investment, particularly in commercial real estate. Its diverse portfolio includes modern office properties in established locations and retail properties focused on local shops in city centers and high-footfall suburban areas in Germany. The company pursues an active portfolio plan, seeking properties with solid risk-return profiles. The company's majority portfolio holding includes Retail properties. The company also has some office properties in its portfolio.
68GF Score

Get the complete analysis for HMBRF

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

$6.50
Price
$7.64
GF Value