Madison Pacific Properties (TSX:MPC) E10: C$0.69 (As of Mar. 2026)


TSX:MPC Madison Pacific Properties Inc TSX:MPC
68 GF Score
Price C$4.90
GF Value C$5.82
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Madison Pacific Properties E10?

Madison Pacific Properties TSX:MPC 68 E10 is C$0.69 as of Mar. 2026. GuruFocus rates TSX:MPC with a GF Score™ of 68/100 and a GF Value™ of C$5.82 (Modestly Undervalued). The stock has 7 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.

Madison Pacific Properties's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.69 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -3.30% per year. During the past 5 years, the average E10 Growth Rate was 2.90% per year. During the past 10 years, the average E10 Growth Rate was 7.90% 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 Madison Pacific Properties was 56.00% per year. The lowest was -3.30% per year. And the median was 10.50% per year.

As of today (2026-06-24), Madison Pacific Properties's current stock price is C$4.90. Madison Pacific Properties's E10 for the quarter that ended in Mar. 2026 was C$0.69. Madison Pacific Properties's Shiller PE Ratio of today is 7.10.

During the past 13 years, the highest Shiller PE Ratio of Madison Pacific Properties was 11.61. The lowest was 5.44. And the median was 7.62.


Madison Pacific Properties  (TSX:MPC) 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.

Madison Pacific Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.90/0.69
=7.10

* 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 Madison Pacific Properties was 11.61. The lowest was 5.44. And the median was 7.62.


Be Aware

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


Madison Pacific Properties E10 Related Terms


Madison Pacific Properties E10 Historical Data

* Premium members only.

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties E10 Chart

Madison Pacific Properties Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.65 0.74 0.77 0.68 0.67

Madison Pacific Properties Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 0.69 0.70 0.68 0.67 0.69

TSX:MPC vs CBRE, BEKE: E10 Comparison

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where Madison Pacific Properties's Shiller PE Ratio falls into.


TSX:MPC
68GF Score
Madison Pacific Properties Inc TSX:MPC
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madison Pacific Properties 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, Madison Pacific Properties'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)
=0.18/132.2623*132.2623
=0.180

Current CPI (Mar. 2026) = 132.2623.

Madison Pacific Properties Quarterly Data

per share eps CPI Adj_EPS
201602 0.110 100.421 0.145
201605 0.260 101.765 0.338
201608 0.430 101.686 0.559
201611 0.190 101.607 0.247
201702 0.240 102.476 0.310
201705 0.210 103.108 0.269
201708 0.270 103.108 0.346
201711 0.170 103.740 0.217
201802 0.260 104.688 0.328
201805 0.120 105.399 0.151
201808 0.180 106.031 0.225
201811 0.080 105.478 0.100
201902 0.200 106.268 0.249
201905 0.120 107.927 0.147
201908 0.190 108.085 0.233
201911 0.130 107.769 0.160
202002 0.120 108.559 0.146
202005 0.180 107.532 0.221
202008 0.080 108.243 0.098
202011 0.060 108.796 0.073
202102 0.280 109.745 0.337
202105 0.240 111.404 0.285
202108 0.280 112.668 0.329
202111 0.150 113.932 0.174
202202 0.180 115.986 0.205
202205 0.270 120.016 0.298
202208 0.470 120.569 0.516
202211 0.110 121.675 0.120
202302 0.270 122.070 0.293
202305 0.050 124.045 0.053
202308 -0.120 125.389 -0.127
202311 -0.970 125.468 -1.023
202402 0.240 125.468 0.253
202405 -0.020 127.601 -0.021
202408 -0.001 127.838 -0.001
202503 0.100 129.181 0.102
202506 0.200 129.892 0.204
202509 -0.030 130.287 -0.030
202512 0.168 130.366 0.170
202603 0.180 132.262 0.180

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 C$0.69 mean?
Madison Pacific Properties (TSX:MPC) has a E10 of C$0.69 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Madison Pacific Properties and its competitors.
Is Madison Pacific Properties' E10 too high?
Madison Pacific Properties' current E10 is C$0.69. Overall, Madison Pacific Properties has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Pacific Properties' E10 compare to CBRE and BEKE?
Madison Pacific Properties' E10 of C$0.69 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 Madison Pacific Properties and its competitors. Madison Pacific Properties's current E10 is C$0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Madison Pacific Properties (TSX:MPC) is currently considered Modestly Undervalued. The stock's GF Value™ is C$5.82, compared to a current price of C$4.90 — trading 15.8% below its estimated fair value. The current E10 is C$0.69. Madison Pacific Properties' overall GF Score™ is 68/100 with 7 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 Madison Pacific Properties (TSX:MPC), the current E10 is C$0.69 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 Madison Pacific Properties (TSX:MPC) Overvalued in 2026?

Based on GuruFocus' analysis, Madison Pacific Properties stock appears to be undervalued. The current stock price of C$4.90 is trading 15.8% below its estimated GF Value™ of C$5.82. GuruFocus considers Madison Pacific Properties to be Modestly Undervalued.

Key valuation signals for TSX:MPC:

  • E10: C$0.69
  • GF Value™: C$5.82 vs. price of C$4.90 (15.8% below fair value)
  • GF Score™: 68/100 with 7 warning signs

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


Madison Pacific Properties Business Description

Other Exchanges MPC.C:Canada
Address 389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates industrial, commercial, multifamily, retail, and office rental properties located in Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment, that being the rental of industrial, commercial, multi-family, retail, and office real estate properties located in Canada. The company derives its revenue from rental operations and property management.
68GF Score

Get the complete analysis for TSX:MPC

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

C$4.90
Price
C$5.82
GF Value