IVREF (Inovalis Real Estate Investment Trust) E10: $0.09 (As of Mar. 2026)


IVREF Inovalis Real Estate Investment Trust IVREF
40 GF Score
Price $0.60
GF Value $0.71
Valuation Modestly Undervalued
! 9 Warning Signs
View Full Analysis

What is Inovalis Real Estate Investment Trust E10?

Inovalis Real Estate Investment Trust IVREF -6.08% 40 E10 is $0.09 as of Mar. 2026. GuruFocus rates IVREF with a GF Score™ of 40/100 and a GF Value™ of $0.71 (Modestly Undervalued). 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.

Inovalis Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.278. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.09 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Inovalis Real Estate Investment Trust's average E10 Growth Rate was -78.70% per year. During the past 3 years, the average E10 Growth Rate was -56.50% 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 Inovalis Real Estate Investment Trust was -56.50% per year. The lowest was -56.50% per year. And the median was -56.50% per year.

As of today (2026-06-24), Inovalis Real Estate Investment Trust's current stock price is $0.6011. Inovalis Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2026 was $0.09. Inovalis Real Estate Investment Trust's Shiller PE Ratio of today is 6.68.

During the past 13 years, the highest Shiller PE Ratio of Inovalis Real Estate Investment Trust was 12.89. The lowest was 0.97. And the median was 2.58.


Inovalis Real Estate Investment Trust  (OTCPK:IVREF) 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.

Inovalis Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.6011/0.09
=6.68

* 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 Inovalis Real Estate Investment Trust was 12.89. The lowest was 0.97. And the median was 2.58.


Be Aware

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


Inovalis Real Estate Investment Trust E10 Related Terms


Inovalis Real Estate Investment Trust E10 Historical Data

* Premium members only.

The historical data trend for Inovalis Real Estate Investment Trust'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.

Inovalis Real Estate Investment Trust E10 Chart

Inovalis Real Estate Investment Trust 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 0.80 0.62 0.33 0.06

Inovalis Real Estate Investment Trust 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 0.25 0.20 0.06 0.09

IVREF vs BXP, ARE, VNO: E10 Comparison

For the REIT - Office subindustry, Inovalis Real Estate Investment Trust'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.


Inovalis Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Inovalis Real Estate Investment Trust's Shiller PE Ratio falls into.


IVREF
40GF Score
Inovalis Real Estate Investment Trust IVREF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inovalis Real Estate Investment Trust 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, Inovalis Real Estate Investment Trust'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)
=0.278/132.2623*132.2623
=0.278

Current CPI (Mar. 2026) = 132.2623.

Inovalis Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201606 0.287 102.002 0.372
201609 0.420 101.765 0.546
201612 0.030 101.449 0.039
201703 0.112 102.634 0.144
201706 0.008 103.029 0.010
201709 0.081 103.345 0.104
201712 0.481 103.345 0.616
201803 -0.064 105.004 -0.081
201806 0.200 105.557 0.251
201809 0.118 105.636 0.148
201812 0.247 105.399 0.310
201903 -0.065 106.979 -0.080
201906 0.096 107.690 0.118
201909 0.170 107.611 0.209
201912 0.795 107.769 0.976
202003 0.797 107.927 0.977
202006 -0.244 108.401 -0.298
202009 0.120 108.164 0.147
202012 -0.216 108.559 -0.263
202103 0.102 110.298 0.122
202106 0.234 111.720 0.277
202109 0.783 112.905 0.917
202112 -0.365 113.774 -0.424
202203 0.051 117.646 0.057
202206 -0.305 120.806 -0.334
202209 0.340 120.648 0.373
202212 -0.922 120.964 -1.008
202303 0.036 122.702 0.039
202306 0.069 124.203 0.073
202309 0.029 125.230 0.031
202312 -0.814 125.072 -0.861
202403 -0.308 126.258 -0.323
202406 -0.451 127.522 -0.468
202409 -0.213 127.285 -0.221
202412 -0.550 127.364 -0.571
202503 0.040 129.181 0.041
202506 -0.248 129.892 -0.253
202509 0.004 130.287 0.004
202512 -1.019 130.366 -1.034
202603 0.278 132.262 0.278

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 $0.09 mean?
Inovalis Real Estate Investment Trust (IVREF) has a E10 of $0.09 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Inovalis Real Estate Investment Trust and its competitors.
Is Inovalis Real Estate Investment Trust's E10 too high?
Inovalis Real Estate Investment Trust's current E10 is $0.09. Overall, Inovalis Real Estate Investment Trust has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inovalis Real Estate Investment Trust's E10 compare to BXP and ARE?
Inovalis Real Estate Investment Trust's E10 of $0.09 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 Inovalis Real Estate Investment Trust and its competitors. Inovalis Real Estate Investment Trust's current E10 is $0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inovalis Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Inovalis Real Estate Investment Trust (IVREF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.71, compared to a current price of $0.60 — trading 15.3% below its estimated fair value. The current E10 is $0.09. Inovalis Real Estate Investment Trust's 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 Inovalis Real Estate Investment Trust (IVREF), the current E10 is $0.09 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 Inovalis Real Estate Investment Trust (IVREF) Overvalued in 2026?

Based on GuruFocus' analysis, Inovalis Real Estate Investment Trust stock appears to be undervalued. The current stock price of $0.60 is trading 15.3% below its estimated GF Value™ of $0.71. GuruFocus considers Inovalis Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for IVREF:

  • E10: $0.09
  • GF Value™: $0.71 vs. price of $0.60 (15.3% below fair value)
  • GF Score™: 40/100 with 9 warning signs

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


Inovalis Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges INO.UN:Canada
Address 151 Yonge Street, 11th Floor, Toronto, ON, CAN, M5C 2W7
Inovalis Real Estate Investment Trust is a Canada-based open-ended real estate investment trust. Its portfolio comprises office properties that are leased to corporate clients in France, Spain, and Germany. The Trust's investment criteria encompass office properties outside of Canada with an occupancy level of above eighty percent (unless AFFO accretive), secured rental cash flows, a property value of approximately between twenty and sixty million euros (unless AFFO accretive), and a potential future upside with respect to matters including rent and area development. The majority of the REIT's revenue is generated through rental income from its investment properties in France.
40GF Score

Get the complete analysis for IVREF

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

$0.60
Price
$0.71
GF Value