German High Street Properties AS (OCSE:GERHSP) E10: kr1.67 (As of Mar. 2026)

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OCSE:GERHSP German High Street Properties AS OCSE:GERHSP
53 GF Score
Price kr70.00
GF Value kr79.73
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is German High Street Properties AS E10?

German High Street Properties AS OCSE:GERHSP 53 E10 is kr1.67 as of Mar. 2026. GuruFocus rates OCSE:GERHSP with a GF Score™ of 53/100 and a GF Value™ of kr79.73 (Modestly Undervalued). 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.

German High Street Properties AS's adjusted earnings per share data for the three months ended in Mar. 2026 was kr-5.979. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr1.67 for the trailing ten years ended in Mar. 2026.

During the past 12 months, German High Street Properties AS's average E10 Growth Rate was -60.80% per year. During the past 3 years, the average E10 Growth Rate was -28.20% per year. During the past 5 years, the average E10 Growth Rate was -15.30% 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 German High Street Properties AS was 4.50% per year. The lowest was -28.20% per year. And the median was -5.90% per year.

As of today (2026-07-15), German High Street Properties AS's current stock price is kr70.00. German High Street Properties AS's E10 for the quarter that ended in Mar. 2026 was kr1.67. German High Street Properties AS's Shiller PE Ratio of today is 41.92.

During the past 13 years, the highest Shiller PE Ratio of German High Street Properties AS was 47.60. The lowest was 14.24. And the median was 20.83.


German High Street Properties AS  (OCSE:GERHSP) 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.

German High Street Properties AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=70.00/1.67
=41.92

* 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 German High Street Properties AS was 47.60. The lowest was 14.24. And the median was 20.83.


Be Aware

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


German High Street Properties AS E10 Related Terms


German High Street Properties AS E10 Historical Data

* Premium members only.

The historical data trend for German High Street Properties AS'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.

German High Street Properties AS E10 Chart

German High Street Properties AS 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 6.44 6.26 4.88 4.73 2.32

German High Street Properties AS 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 4.26 4.15 3.49 2.32 1.67

OCSE:GERHSP vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, German High Street Properties AS'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.


German High Street Properties AS Shiller PE Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, German High Street Properties AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where German High Street Properties AS's Shiller PE Ratio falls into.


OCSE:GERHSP
53GF Score
German High Street Properties AS OCSE:GERHSP
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

German High Street Properties AS 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, German High Street Properties AS'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)
=-5.979/121.6800*121.6800
=-5.979

Current CPI (Mar. 2026) = 121.6800.

German High Street Properties AS Quarterly Data

per share eps CPI Adj_EPS
201606 4.235 100.600 5.122
201609 0.575 100.200 0.698
201612 10.121 100.300 12.278
201703 11.627 101.200 13.980
201706 9.115 101.200 10.960
201709 0.862 101.800 1.030
201712 0.071 101.300 0.085
201803 1.006 101.700 1.204
201806 1.582 102.300 1.882
201809 1.080 102.400 1.283
201812 -0.360 102.100 -0.429
201903 1.224 102.900 1.447
201906 1.226 102.900 1.450
201909 1.873 102.900 2.215
201912 2.378 102.900 2.812
202003 -24.521 103.300 -28.884
202006 1.079 103.200 1.272
202009 1.364 103.500 1.604
202012 6.532 103.400 7.687
202103 2.153 104.300 2.512
202106 1.794 105.000 2.079
202109 0.072 105.800 0.083
202112 0.933 106.600 1.065
202203 2.179 109.900 2.413
202206 0.718 113.600 0.769
202209 -0.574 116.400 -0.600
202212 -6.237 115.900 -6.548
202303 0.215 117.300 0.223
202306 0.359 116.400 0.375
202309 -6.041 117.400 -6.261
202312 -2.716 116.700 -2.832
202403 -0.746 118.400 -0.767
202406 -3.582 118.500 -3.678
202409 6.338 118.900 6.486
202412 1.788 118.900 1.830
202503 -4.699 120.200 -4.757
202506 -0.224 120.700 -0.226
202509 -6.344 121.600 -6.348
202512 -0.822 121.200 -0.825
202603 -5.979 121.680 -5.979

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 kr1.67 mean?
German High Street Properties AS (OCSE:GERHSP) has a E10 of kr1.67 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on German High Street Properties AS and its competitors.
Is German High Street Properties AS's E10 too high?
German High Street Properties AS's current E10 is kr1.67. Overall, German High Street Properties AS has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does German High Street Properties AS's E10 compare to CBRE and BEKE?
German High Street Properties AS's E10 of kr1.67 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 German High Street Properties AS and its competitors. German High Street Properties AS's current E10 is kr1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is German High Street Properties AS stock overvalued right now?
Based on GuruFocus' analysis, German High Street Properties AS (OCSE:GERHSP) is currently considered Modestly Undervalued. The stock's GF Value™ is kr79.73, compared to a current price of kr70.00 — trading 12.2% below its estimated fair value. The current E10 is kr1.67. German High Street Properties AS's overall GF Score™ is 53/100 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 German High Street Properties AS (OCSE:GERHSP), the current E10 is kr1.67 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 German High Street Properties AS (OCSE:GERHSP) Overvalued in 2026?

Based on GuruFocus' analysis, German High Street Properties AS stock appears to be undervalued. The current stock price of kr70.00 is trading 12.2% below its estimated GF Value™ of kr79.73. GuruFocus considers German High Street Properties AS to be Modestly Undervalued.

Key valuation signals for OCSE:GERHSP:

  • E10: kr1.67
  • GF Value™: kr79.73 vs. price of kr70.00 (12.2% below fair value)
  • GF Score™: 53/100 with 6 warning signs

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


German High Street Properties AS Business Description

Address Mosehojvej 17, Charlottenlund, Copenhagen, DNK, 2920
German High Street Properties AS invests in high-street properties and real estate properties. The Group aims to invest in well-located properties in cities with economic and demographic growth in Scandinavia, Germany, Switzerland, and England. Its activities are managed, reported, and presented in German properties and Administration.
53GF Score

Get the complete analysis for OCSE:GERHSP

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

kr70.00
Price
kr79.73
GF Value