Bulgarian Real Estate Fund REIT (LTS:0I43) E10: лв0.15 (As of Mar. 2026)


LTS:0I43 Bulgarian Real Estate Fund REIT LTS:0I43
71 GF Score
Price лв1.92
GF Value лв11.45
! 4 Warning Signs
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What is Bulgarian Real Estate Fund REIT E10?

Bulgarian Real Estate Fund REIT LTS:0I43 71 E10 is лв0.15 as of Mar. 2026. GuruFocus rates LTS:0I43 with a GF Score™ of 71/100 and a GF Value™ of лв11.45. The stock has 4 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.

Bulgarian Real Estate Fund REIT's adjusted earnings per share data for the three months ended in Mar. 2026 was лв0.053. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв0.15 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bulgarian Real Estate Fund REIT's average E10 Growth Rate was 46.20% per year. During the past 3 years, the average E10 Growth Rate was 31.00% 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 Bulgarian Real Estate Fund REIT was 31.00% per year. The lowest was 31.00% per year. And the median was 31.00% per year.

As of today (2026-07-02), Bulgarian Real Estate Fund REIT's current stock price is лв1.92. Bulgarian Real Estate Fund REIT's E10 for the quarter that ended in Mar. 2026 was лв0.15. Bulgarian Real Estate Fund REIT's Shiller PE Ratio of today is 12.80.

During the past 13 years, the highest Shiller PE Ratio of Bulgarian Real Estate Fund REIT was 40.40. The lowest was 12.74. And the median was 28.50.


Bulgarian Real Estate Fund REIT  (LTS:0I43) 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.

Bulgarian Real Estate Fund REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.92/0.15
=12.80

* 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 Bulgarian Real Estate Fund REIT was 40.40. The lowest was 12.74. And the median was 28.50.


Be Aware

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


Bulgarian Real Estate Fund REIT E10 Related Terms


Bulgarian Real Estate Fund REIT E10 Historical Data

* Premium members only.

The historical data trend for Bulgarian Real Estate Fund REIT'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.

Bulgarian Real Estate Fund REIT E10 Chart

Bulgarian Real Estate Fund REIT Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.08 0.08 0.07 0.06

Bulgarian Real Estate Fund REIT Quarterly Data
Mar21 Jun21 Sep21 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 0.06 0.05 0.06 0.06 0.15

LTS:0I43 vs VICI, WPC: E10 Comparison

For the REIT - Diversified subindustry, Bulgarian Real Estate Fund REIT'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.


Bulgarian Real Estate Fund REIT Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Bulgarian Real Estate Fund REIT's Shiller PE Ratio falls into.


LTS:0I43
71GF Score
Bulgarian Real Estate Fund REIT LTS:0I43
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Real Estate Fund REIT 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, Bulgarian Real Estate Fund REIT'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)
=0.053/330.2130*330.2130
=0.053

Current CPI (Mar. 2026) = 330.2130.

Bulgarian Real Estate Fund REIT Quarterly Data

per share eps CPI Adj_EPS
201509 0.021 237.945 0.029
201512 0.035 236.525 0.049
201603 0.020 238.132 0.028
201606 0.014 241.018 0.019
201609 0.022 241.428 0.030
201612 0.138 241.432 0.189
201709 0.000 246.819 0.000
201712 0.142 246.524 0.190
201803 0.052 249.554 0.069
201806 0.045 251.989 0.059
201809 0.051 252.439 0.067
201812 0.100 251.233 0.131
201903 0.031 254.202 0.040
201906 0.032 256.143 0.041
201909 0.030 256.759 0.039
201912 0.045 256.974 0.058
202003 0.033 258.115 0.042
202006 0.027 257.797 0.035
202009 0.032 260.280 0.041
202012 -0.016 260.474 -0.020
202103 0.032 264.877 0.040
202106 0.030 271.696 0.036
202109 0.023 274.310 0.028
202203 0.032 287.504 0.037
202206 0.083 296.311 0.092
202209 0.021 296.808 0.023
202212 0.194 296.797 0.216
202303 0.018 301.836 0.020
202306 0.021 305.109 0.023
202309 0.020 307.789 0.021
202312 0.386 306.746 0.416
202403 0.031 312.332 0.033
202406 0.033 314.175 0.035
202409 0.036 315.301 0.038
202412 0.434 315.605 0.454
202503 0.044 319.799 0.045
202506 0.053 322.561 0.054
202509 0.056 324.800 0.057
202512 0.554 324.054 0.565
202603 0.053 330.213 0.053

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 лв0.15 mean?
Bulgarian Real Estate Fund REIT (LTS:0I43) has a E10 of лв0.15 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Bulgarian Real Estate Fund REIT and its competitors.
Is Bulgarian Real Estate Fund REIT's E10 too high?
Bulgarian Real Estate Fund REIT's current E10 is лв0.15. Overall, Bulgarian Real Estate Fund REIT has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Real Estate Fund REIT's E10 compare to VICI and WPC?
Bulgarian Real Estate Fund REIT's E10 of лв0.15 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 Bulgarian Real Estate Fund REIT and its competitors. Bulgarian Real Estate Fund REIT's current E10 is лв0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Real Estate Fund REIT stock overvalued right now?
Bulgarian Real Estate Fund REIT (LTS:0I43) has a current E10 of лв0.15. The stock's GF Value™ is лв11.45, compared to a current price of лв1.92 — trading 83.2% below its estimated fair value. The current E10 is лв0.15. Bulgarian Real Estate Fund REIT's overall GF Score™ is 71/100 with 4 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 Bulgarian Real Estate Fund REIT (LTS:0I43), the current E10 is лв0.15 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 Bulgarian Real Estate Fund REIT (LTS:0I43) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Real Estate Fund REIT stock appears to be undervalued. The current stock price of лв1.92 is trading 83.2% below its estimated GF Value™ of лв11.45.

Key valuation signals for LTS:0I43:

  • E10: лв0.15
  • GF Value™: лв11.45 vs. price of лв1.92 (83.2% below fair value)
  • GF Score™: 71/100 with 4 warning signs

No single metric tells the full story. See the LTS:0I43 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bulgarian Real Estate Fund REIT Business Description

Industry Real EstateREITs
Other Exchanges BREF:Bulgaria
Address 111 R Tsarigradsko shose Boulevard, Floor 16, Sofia, BGR, 1784
Bulgarian Real Estate Fund REIT is a special investment purpose joint-stock entity seated in the Republic of Bulgaria. The main activity of the fund is investing the cash funds raised through securities issuance in real property /securitization of real property/ through the purchase of ownership rights and other real rights over real property, carrying out construction and improvements therein for the purpose of making it available for management, renting, leasing and/or sale. Its investment objective is to achieve capital appreciation by means of diversified investments in business buildings, residential and other high-class properties, retail premises and agricultural land on the territory of Bulgaria.
71GF Score

Get the complete analysis for LTS:0I43

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

лв1.92
Price
лв11.45
GF Value