Simon Property Group (MEX:SPG) E10: MXN149.85 (As of Mar. 2026)


MEX:SPG Simon Property Group Inc MEX:SPG
70 GF Score
Price MXN3,890.00
GF Value MXN3,138.25
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Simon Property Group E10?

Simon Property Group MEX:SPG 70 E10 is MXN149.85 as of Mar. 2026. GuruFocus rates MEX:SPG with a GF Score™ of 70/100 and a GF Value™ of MXN3,138.25 (Modestly Overvalued). The stock has 8 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.

Simon Property Group's adjusted earnings per share data for the three months ended in Mar. 2026 was MXN26.688. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN149.85 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Simon Property Group's average E10 Growth Rate was 12.00% per year. During the past 3 years, the average E10 Growth Rate was 7.00% per year. During the past 5 years, the average E10 Growth Rate was 7.30% per year. During the past 10 years, the average E10 Growth Rate was 9.40% 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 Simon Property Group was 15.60% per year. The lowest was 5.70% per year. And the median was 10.70% per year.

As of today (2026-07-12), Simon Property Group's current stock price is MXN3890.00. Simon Property Group's E10 for the quarter that ended in Mar. 2026 was MXN149.85. Simon Property Group's Shiller PE Ratio of today is 25.96.

During the past 13 years, the highest Shiller PE Ratio of Simon Property Group was 62.89. The lowest was 8.20. And the median was 22.81.


Simon Property Group  (MEX:SPG) 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.

Simon Property Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3890.00/149.85
=25.96

* 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 Simon Property Group was 62.89. The lowest was 8.20. And the median was 22.81.


Be Aware

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


Simon Property Group E10 Related Terms


Simon Property Group E10 Historical Data

* Premium members only.

The historical data trend for Simon Property Group'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.

Simon Property Group E10 Chart

Simon Property Group 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 132.79 132.71 123.44 156.28 152.92

Simon Property Group 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 152.22 141.97 132.31 152.92 149.85

MEX:SPG vs O, KIM, REG: E10 Comparison

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group Shiller PE Ratio vs REITs Industry

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

* The bar in red indicates where Simon Property Group's Shiller PE Ratio falls into.


MEX:SPG
70GF Score
Simon Property Group Inc MEX:SPG
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Simon Property Group 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, Simon Property Group'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)
=26.688/330.2130*330.2130
=26.688

Current CPI (Mar. 2026) = 330.2130.

Simon Property Group Quarterly Data

per share eps CPI Adj_EPS
201606 26.816 241.018 36.740
201609 31.130 241.428 42.578
201612 25.977 241.432 35.529
201703 28.808 243.801 39.019
201706 22.233 244.955 29.971
201709 29.944 246.819 40.061
201712 36.137 246.524 48.405
201803 36.335 249.554 48.079
201806 34.780 251.989 45.577
201809 33.669 252.439 44.042
201812 45.160 251.233 59.357
201903 34.528 254.202 44.852
201906 30.734 256.143 39.621
201909 34.943 256.759 44.940
201912 31.308 256.974 40.231
202003 33.531 258.115 42.897
202006 19.158 257.797 24.540
202009 10.604 260.280 13.453
202012 17.107 260.474 21.687
202103 27.800 264.877 34.657
202106 37.423 271.696 45.483
202109 42.563 274.310 51.237
202112 31.386 278.802 37.174
202203 25.884 287.504 29.729
202206 30.378 296.311 33.854
202209 33.190 296.808 36.925
202212 40.162 296.797 44.684
202303 24.874 301.836 27.213
202306 25.544 305.109 27.646
202309 31.702 307.789 34.012
202312 38.871 306.746 41.845
202403 37.342 312.332 39.480
202406 27.663 314.175 29.075
202409 28.748 315.301 30.108
202412 42.546 315.605 44.515
202503 25.982 319.799 26.828
202506 32.010 322.561 32.769
202509 34.120 324.800 34.689
202512 168.353 324.054 171.553
202603 26.688 330.213 26.688

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 MXN149.85 mean?
Simon Property Group (MEX:SPG) has a E10 of MXN149.85 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Simon Property Group and its competitors.
Is Simon Property Group's E10 too high?
Simon Property Group's current E10 is MXN149.85. Overall, Simon Property Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Simon Property Group's E10 compare to O and KIM?
Simon Property Group's E10 of MXN149.85 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 Simon Property Group and its competitors. Simon Property Group's current E10 is MXN149.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simon Property Group stock overvalued right now?
Based on GuruFocus' analysis, Simon Property Group (MEX:SPG) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN3,138.25, compared to a current price of MXN3,890.00 — trading 24% above its estimated fair value. The current E10 is MXN149.85. Simon Property Group's overall GF Score™ is 70/100 with 8 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 Simon Property Group (MEX:SPG), the current E10 is MXN149.85 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 Simon Property Group (MEX:SPG) Overvalued in 2026?

Based on GuruFocus' analysis, Simon Property Group stock appears to be overvalued. The current stock price of MXN3,890.00 is trading 24% above its estimated GF Value™ of MXN3,138.25. GuruFocus considers Simon Property Group to be Modestly Overvalued.

Key valuation signals for MEX:SPG:

  • E10: MXN149.85
  • GF Value™: MXN3,138.25 vs. price of MXN3,890.00 (24% above fair value)
  • GF Score™: 70/100 with 8 warning signs

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


Simon Property Group Business Description

Industry Real EstateREITs
Address 225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the largest retail real estate investment trust in the United States. Its portfolio includes an interest in 254 properties: 114 traditional malls, 108 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and 12 other retail properties. Simon's portfolio averaged $736 in sales per square foot over the trailing 12 months. The company also owns a 22% interest in Klépierre, a European retail company with investments in shopping centers in 14 countries, and joint-venture interests in 33 premium outlets across 14 countries.
70GF Score

Get the complete analysis for MEX:SPG

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

MXN3,890.00
Price
MXN3,138.25
GF Value