MGRUF (Morguard Real Estate Investment Trust) E10: $-0.55 (As of Mar. 2026)


MGRUF Morguard Real Estate Investment Trust MGRUF
57 GF Score
Price $4.64
GF Value $3.56
! 8 Warning Signs
View Full Analysis

What is Morguard Real Estate Investment Trust E10?

Morguard Real Estate Investment Trust MGRUF 57 E10 is $-0.55 as of Mar. 2026. GuruFocus rates MGRUF with a GF Score™ of 57/100 and a GF Value™ of $3.56. 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.

Morguard Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.066. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.55 for the trailing ten years ended in Mar. 2026.

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 Morguard Real Estate Investment Trust was 24.20% per year. The lowest was -53.80% per year. And the median was 4.15% per year.

As of today (2026-07-06), Morguard Real Estate Investment Trust's current stock price is $4.64. Morguard Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2026 was $-0.55. Morguard Real Estate Investment Trust's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Morguard Real Estate Investment Trust was 111.00. The lowest was 2.48. And the median was 6.84.


Morguard Real Estate Investment Trust  (OTCPK:MGRUF) 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.

During the past 13 years, the highest Shiller P/E Ratio of Morguard Real Estate Investment Trust was 111.00. The lowest was 2.48. And the median was 6.84.


Be Aware

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


Morguard Real Estate Investment Trust E10 Related Terms


Morguard Real Estate Investment Trust E10 Historical Data

* Premium members only.

The historical data trend for Morguard 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.

Morguard Real Estate Investment Trust E10 Chart

Morguard 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 0.61 0.14 -0.23 -0.43 -0.50

Morguard 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 -0.48 -0.48 -0.49 -0.50 -0.55

MGRUF vs VICI, WPC, BNL: E10 Comparison

For the REIT - Diversified subindustry, Morguard 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.


Morguard Real Estate Investment Trust Shiller PE Ratio vs REITs Industry

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

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


MGRUF
57GF Score
Morguard Real Estate Investment Trust MGRUF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Morguard 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, Morguard 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)
=0.066/132.2600*132.2600
=0.066

Current CPI (Mar. 2026) = 132.2600.

Morguard Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201606 0.233 102.002 0.302
201609 0.122 101.765 0.159
201612 -0.090 101.449 -0.117
201703 0.418 102.634 0.539
201706 0.564 103.029 0.724
201709 -0.204 103.345 -0.261
201712 -0.102 103.345 -0.131
201803 0.209 105.004 0.263
201806 0.472 105.557 0.591
201809 0.061 105.636 0.076
201812 0.082 105.399 0.103
201903 0.187 106.979 0.231
201906 -0.060 107.690 -0.074
201909 0.076 107.611 0.093
201912 -0.046 107.769 -0.056
202003 -1.211 107.927 -1.484
202006 -1.181 108.401 -1.441
202009 -1.066 108.164 -1.303
202012 -0.820 108.559 -0.999
202103 0.064 110.298 0.077
202106 -0.074 111.720 -0.088
202109 0.079 112.905 0.093
202112 -0.008 113.774 -0.009
202203 0.348 117.646 0.391
202206 0.224 120.806 0.245
202209 -0.682 120.648 -0.748
202212 -1.089 120.964 -1.191
202303 -0.058 122.702 -0.063
202306 -0.023 124.203 -0.024
202309 -0.458 125.230 -0.484
202312 -0.321 125.072 -0.339
202403 -0.421 126.258 -0.441
202406 -0.022 127.522 -0.023
202409 0.140 127.285 0.145
202412 -0.393 127.364 -0.408
202503 -0.125 129.181 -0.128
202506 -0.022 129.892 -0.022
202509 0.051 130.290 0.052
202512 -0.087 130.370 -0.088
202603 0.066 132.260 0.066

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 $-0.55 mean?
Morguard Real Estate Investment Trust (MGRUF) has a E10 of $-0.55 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Morguard Real Estate Investment Trust and its competitors.
Is Morguard Real Estate Investment Trust's E10 too high?
Morguard Real Estate Investment Trust's current E10 is $-0.55. Overall, Morguard Real Estate Investment Trust has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Morguard Real Estate Investment Trust's E10 compare to VICI and WPC?
Morguard Real Estate Investment Trust's E10 of $-0.55 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 Morguard Real Estate Investment Trust and its competitors. Morguard Real Estate Investment Trust's current E10 is $-0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morguard Real Estate Investment Trust stock overvalued right now?
Morguard Real Estate Investment Trust (MGRUF) has a current E10 of $-0.55. The stock's GF Value™ is $3.56, compared to a current price of $4.64 — trading 30.3% above its estimated fair value. The current E10 is $-0.55. Morguard Real Estate Investment Trust's overall GF Score™ is 57/100 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 Morguard Real Estate Investment Trust (MGRUF), the current E10 is $-0.55 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 Morguard Real Estate Investment Trust (MGRUF) Overvalued in 2026?

Based on GuruFocus' analysis, Morguard Real Estate Investment Trust stock appears to be overvalued. The current stock price of $4.64 is trading 30.3% above its estimated GF Value™ of $3.56.

Key valuation signals for MGRUF:

  • E10: $-0.55
  • GF Value™: $3.56 vs. price of $4.64 (30.3% above fair value)
  • GF Score™: 57/100 with 8 warning signs

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


Morguard Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges MRT.UN:Canada
Address 55 City Centre Drive, Suite 1000, Mississauga, ON, CAN, L5B 1M3
Morguard Real Estate Investment Trust is a closed-end trust that owns, manages, and invests in a diversified real estate portfolio of commercial properties across Canada. The company has three reportable segments namely Retail, Office, and Industrial. It derives maximum revenue from the Retail segment.
57GF Score

Get the complete analysis for MGRUF

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

$4.64
Price
$3.56
GF Value