Real Fastigheter AB (NGM:REAL) E10: kr-266.90 (As of Mar. 2026)


NGM:REAL Real Fastigheter AB NGM:REAL
64 GF Score
Price kr9.90
GF Value kr10.16
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Real Fastigheter AB E10?

Real Fastigheter AB NGM:REAL 64 E10 is kr-266.90 as of Mar. 2026. GuruFocus rates NGM:REAL with a GF Score™ of 64/100 and a GF Value™ of kr10.16 (Fairly Valued). The stock has 6 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.

Real Fastigheter AB's adjusted earnings per share data for the three months ended in Mar. 2026 was kr0.430. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr-266.90 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.

As of today (2026-06-29), Real Fastigheter AB's current stock price is kr9.90. Real Fastigheter AB's E10 for the quarter that ended in Mar. 2026 was kr-266.90. Real Fastigheter AB's Shiller PE Ratio of today is .


Real Fastigheter AB  (NGM:REAL) 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.


Be Aware

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


Real Fastigheter AB E10 Related Terms


Real Fastigheter AB E10 Historical Data

* Premium members only.

The historical data trend for Real Fastigheter AB'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.

Real Fastigheter AB E10 Chart

Real Fastigheter AB 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 0.00 -327.56

Real Fastigheter AB 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 -449.44 -451.33 -446.39 -327.56 -266.90

NGM:REAL vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Real Fastigheter AB'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.


Real Fastigheter AB Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where Real Fastigheter AB's Shiller PE Ratio falls into.


NGM:REAL
64GF Score
Real Fastigheter AB NGM:REAL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Fastigheter AB 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, Real Fastigheter AB'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)
=0.43/133.3862*133.3862
=0.430

Current CPI (Mar. 2026) = 133.3862.

Real Fastigheter AB Quarterly Data

per share eps CPI Adj_EPS
201606 102.771 101.019 135.699
201609 80.971 101.138 106.789
201612 -236.686 102.022 -309.451
201703 31.143 102.022 40.717
201706 -1,638.114 102.752 -2,126.491
201709 -74.743 103.279 -96.532
201712 -395.514 103.793 -508.283
201803 68.514 103.962 87.906
201806 -12.457 104.875 -15.844
201809 -52.943 105.679 -66.824
201812 16.575 105.912 20.875
201903 -9.343 105.886 -11.769
201906 -5.000 106.742 -6.248
201909 -5.000 107.214 -6.221
201912 -10.181 107.766 -12.601
202003 70.000 106.563 87.620
202006 0.056 107.498 0.069
202009 1.370 107.635 1.698
202012 0.361 108.296 0.445
202103 0.214 108.360 0.263
202106 0.231 108.928 0.283
202109 1.121 110.338 1.355
202112 1.820 112.486 2.158
202203 1.440 114.825 1.673
202206 0.379 118.384 0.427
202209 0.250 122.296 0.273
202212 -0.140 126.365 -0.148
202303 0.490 127.042 0.514
202306 0.300 129.407 0.309
202309 0.670 130.224 0.686
202312 -0.980 131.912 -0.991
202403 0.130 132.205 0.131
202406 0.230 132.716 0.231
202409 0.630 132.304 0.635
202412 0.810 132.987 0.812
202503 0.160 132.825 0.161
202506 0.120 133.699 0.120
202509 -0.230 133.482 -0.230
202512 0.320 133.386 0.320
202603 0.430 133.386 0.430

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 kr-266.90 mean?
Real Fastigheter AB (NGM:REAL) has a E10 of kr-266.90 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Real Fastigheter AB and its competitors.
Is Real Fastigheter AB's E10 too high?
Real Fastigheter AB's current E10 is kr-266.90. Overall, Real Fastigheter AB has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Real Fastigheter AB's E10 compare to CBRE and BEKE?
Real Fastigheter AB's E10 of kr-266.90 can be compared against companies in the Real Estate 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 Real Estate company?
A good E10 depends on the Real Estate 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 Real Fastigheter AB and its competitors. Real Fastigheter AB's current E10 is kr-266.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Fastigheter AB stock overvalued right now?
Based on GuruFocus' analysis, Real Fastigheter AB (NGM:REAL) is currently considered Fairly Valued. The stock's GF Value™ is kr10.16, compared to a current price of kr9.90 — trading 2.6% below its estimated fair value. The current E10 is kr-266.90. Real Fastigheter AB's overall GF Score™ is 64/100 with 6 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 Real Fastigheter AB (NGM:REAL), the current E10 is kr-266.90 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 Real Fastigheter AB (NGM:REAL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Fastigheter AB stock appears to be undervalued. The current stock price of kr9.90 is trading 2.6% below its estimated GF Value™ of kr10.16. GuruFocus considers Real Fastigheter AB to be Fairly Valued.

Key valuation signals for NGM:REAL:

  • E10: kr-266.90
  • GF Value™: kr10.16 vs. price of kr9.90 (2.6% below fair value)
  • GF Score™: 64/100 with 6 warning signs

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


Real Fastigheter AB Business Description

Address Forumvagen 14, Nacka, SWE, 131 53
Real Fastigheter AB acquires, owns, and manages real estate properties in Sweden. The company business is diversified into segments such as manufacturing, light industry, warehousing, and logistics. Its project portfolio includes Habo, Torsas, Landskrona, Anderstorp Tora, Gislaved, Karlskrona, Tranas and others.
64GF Score

Get the complete analysis for NGM:REAL

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

kr9.90
Price
kr10.16
GF Value