NNN REIT (MEX:NNN) E10: MXN40.13 (As of Mar. 2026)


MEX:NNN NNN REIT Inc MEX:NNN
83 GF Score
Price MXN839.10
GF Value MXN792.61
! 9 Warning Signs
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What is NNN REIT E10?

NNN REIT MEX:NNN 83 E10 is MXN40.13 as of Mar. 2026. GuruFocus rates MEX:NNN with a GF Score™ of 83/100 and a GF Value™ of MXN792.61. 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.

NNN REIT's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN9.016. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN40.13 for the trailing ten years ended in Mar. 2026.

During the past 12 months, NNN REIT's average E10 Growth Rate was 4.70% per year. During the past 3 years, the average E10 Growth Rate was 6.20% per year. During the past 5 years, the average E10 Growth Rate was 7.50% per year. During the past 10 years, the average E10 Growth Rate was 4.40% 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 NNN REIT was 8.90% per year. The lowest was -7.90% per year. And the median was 1.70% per year.

As of today (2026-06-28), NNN REIT's current stock price is MXN839.10. NNN REIT's E10 for the quarter that ended in Mar. 2026 was MXN40.13. NNN REIT's Shiller PE Ratio of today is 20.91.

During the past 13 years, the highest Shiller PE Ratio of NNN REIT was 45.23. The lowest was 19.46. And the median was 28.77.


NNN REIT  (MEX:NNN) 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.

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

Shiller PE Ratio=Share Price/E10
=839.10/40.13
=20.91

* 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 NNN REIT was 45.23. The lowest was 19.46. And the median was 28.77.


Be Aware

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


NNN REIT E10 Related Terms


NNN REIT E10 Historical Data

* Premium members only.

The historical data trend for NNN 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.

NNN REIT E10 Chart

NNN REIT 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 35.42 42.13

NNN REIT 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 37.77 38.09 38.83 42.13 40.13

MEX:NNN vs ADC, BRX, EPRT: E10 Comparison

For the REIT - Retail subindustry, NNN 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.


NNN REIT Shiller PE Ratio vs REITs Industry

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

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


MEX:NNN
83GF Score
NNN REIT Inc MEX:NNN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NNN 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, NNN 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)
=9.016/330.2130*330.2130
=9.016

Current CPI (Mar. 2026) = 330.2130.

NNN REIT Quarterly Data

per share eps CPI Adj_EPS
201606 5.548 241.018 7.601
201609 5.414 241.428 7.405
201612 7.628 241.432 10.433
201703 6.590 243.801 8.926
201706 5.965 244.955 8.041
201709 6.352 246.819 8.498
201712 8.249 246.524 11.049
201803 11.264 249.554 14.905
201806 7.860 251.989 10.300
201809 8.791 252.439 11.499
201812 3.338 251.233 4.387
201903 8.535 254.202 11.087
201906 8.260 256.143 10.649
201909 6.910 256.759 8.887
201912 6.412 256.974 8.239
202003 8.207 258.115 10.499
202006 5.540 257.797 7.096
202009 6.627 260.280 8.408
202012 6.564 260.474 8.321
202103 6.132 264.877 7.645
202106 7.763 271.696 9.435
202109 9.253 274.310 11.139
202112 7.590 278.802 8.990
202203 9.159 287.504 10.520
202206 8.450 296.311 9.417
202209 10.057 296.808 11.189
202212 9.748 296.797 10.846
202303 9.012 301.836 9.859
202306 9.258 305.109 10.020
202309 10.277 307.789 11.026
202312 8.996 306.746 9.684
202403 8.630 312.332 9.124
202406 10.626 314.175 11.168
202409 10.436 315.301 10.930
202412 10.845 315.605 11.347
202503 10.434 319.799 10.774
202506 10.168 322.561 10.409
202509 9.356 324.800 9.512
202512 9.183 324.054 9.358
202603 9.016 330.213 9.016

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 MXN40.13 mean?
NNN REIT (MEX:NNN) has a E10 of MXN40.13 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on NNN REIT and its competitors.
Is NNN REIT's E10 too high?
NNN REIT's current E10 is MXN40.13. Overall, NNN REIT has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does NNN REIT's E10 compare to ADC and BRX?
NNN REIT's E10 of MXN40.13 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 NNN REIT and its competitors. NNN REIT's current E10 is MXN40.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NNN REIT stock overvalued right now?
NNN REIT (MEX:NNN) has a current E10 of MXN40.13. The stock's GF Value™ is MXN792.61, compared to a current price of MXN839.10 — trading 5.9% above its estimated fair value. The current E10 is MXN40.13. NNN REIT's overall GF Score™ is 83/100 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 NNN REIT (MEX:NNN), the current E10 is MXN40.13 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 NNN REIT (MEX:NNN) Overvalued in 2026?

Based on GuruFocus' analysis, NNN REIT stock appears to be overvalued. The current stock price of MXN839.10 is trading 5.9% above its estimated GF Value™ of MXN792.61.

Key valuation signals for MEX:NNN:

  • E10: MXN40.13
  • GF Value™: MXN792.61 vs. price of MXN839.10 (5.9% above fair value)
  • GF Score™: 83/100 with 9 warning signs

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


NNN REIT Business Description

Industry Real EstateREITs
Other Exchanges NNN:USACZ2:Germany
Address 450 South Orange Avenue, Suite 900, Orlando, FL, USA, 32801
NNN REIT Inc is a real estate investment trust that acquires, owns, invests in, and develops high-quality properties mainly leased under long-term net leases with minimal capital expenditure requirements. The company focuses mainly on retail properties, with a portfolio including convenience stores, automotive service properties, restaurants, theatres, entertainment venues, dealerships, and other retail-related assets. Primary business objectives emphasize retail properties, and it may invest in a wide variety of property and tenant types, leases, mortgages, loans secured by personal property, loans secured by partnership or membership interests, and securities of other REITs or other issuers.
83GF Score

Get the complete analysis for MEX:NNN

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

MXN839.10
Price
MXN792.61
GF Value