Real Bulland JSC (XBUL:RBL) E10: €0.01 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:RBL Real Bulland JSC XBUL:RBL
62 GF Score
Price €0.80
GF Value €1.38
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Real Bulland JSC E10?

Real Bulland JSC XBUL:RBL 62 E10 is €0.01 as of Jun. 2026. GuruFocus rates XBUL:RBL with a GF Score™ of 62/100 and a GF Value™ of €1.38 (Significantly Undervalued). The stock has 2 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 Bulland JSC's adjusted earnings per share data for the three months ended in Jun. 2026 was €0.004. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.01 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Real Bulland JSC's average E10 Growth Rate was -100.00% 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.

As of today (2026-07-23), Real Bulland JSC's current stock price is €0.80. Real Bulland JSC's E10 for the quarter that ended in Jun. 2026 was €0.01. Real Bulland JSC's Shiller PE Ratio of today is 80.00.

During the past 13 years, the highest Shiller PE Ratio of Real Bulland JSC was 145.00. The lowest was 75.00. And the median was 140.00.


Real Bulland JSC  (XBUL:RBL) 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.

Real Bulland JSC's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.80/0.01
=80.00

* 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 Real Bulland JSC was 145.00. The lowest was 75.00. And the median was 140.00.


Be Aware

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


Real Bulland JSC E10 Related Terms


Real Bulland JSC E10 Historical Data

* Premium members only.

The historical data trend for Real Bulland JSC'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 Bulland JSC E10 Chart

Real Bulland JSC 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 0.01

Real Bulland JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.01 0.01 0.01 0.00 0.01

XBUL:RBL vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Real Bulland JSC'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 Bulland JSC Shiller PE Ratio vs Real Estate Industry

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

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


XBUL:RBL
62GF Score
Real Bulland JSC XBUL:RBL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Real Bulland JSC 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 Bulland JSC's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.004/333.9520*333.9520
=0.004

Current CPI (Jun. 2026) = 333.9520.

Real Bulland JSC Quarterly Data

per share eps CPI Adj_EPS
201609 -0.001 241.428 -0.001
201612 0.002 241.432 0.003
201703 -0.002 243.801 -0.003
201706 -0.003 244.955 -0.004
201709 -0.005 246.819 -0.007
201712 -0.002 246.524 -0.003
201803 -0.005 249.554 -0.007
201806 -0.005 251.989 -0.007
201809 -0.003 252.439 -0.004
201812 -0.005 251.233 -0.007
201903 -0.020 254.202 -0.026
201906 -0.004 256.143 -0.005
201909 -0.002 256.759 -0.003
201912 -0.010 256.974 -0.013
202003 -0.010 258.115 -0.013
202006 -0.004 257.797 -0.005
202009 -0.002 260.280 -0.003
202012 0.000 260.474 0.000
202103 -0.005 264.877 -0.006
202106 0.003 271.696 0.004
202109 0.001 274.310 0.001
202112 0.025 278.802 0.030
202203 -0.005 287.504 -0.006
202206 0.008 296.311 0.009
202209 0.000 296.808 0.000
202212 0.066 296.797 0.074
202303 -0.005 301.836 -0.006
202306 0.006 305.109 0.007
202309 0.003 307.789 0.003
202312 0.048 306.746 0.052
202403 -0.005 312.332 -0.005
202406 0.005 314.175 0.005
202409 0.002 315.301 0.002
202412 0.020 315.605 0.021
202503 -0.005 319.799 -0.005
202506 0.002 322.561 0.002
202509 0.008 324.800 0.008
202512 0.010 324.054 0.010
202603 0.000 330.213 0.000
202606 0.004 333.952 0.004

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 €0.01 mean?
Real Bulland JSC (XBUL:RBL) has a E10 of €0.01 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Real Bulland JSC and its competitors.
Is Real Bulland JSC's E10 too high?
Real Bulland JSC's current E10 is €0.01. Overall, Real Bulland JSC has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Real Bulland JSC's E10 compare to CBRE and BEKE?
Real Bulland JSC's E10 of €0.01 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 Bulland JSC and its competitors. Real Bulland JSC's current E10 is €0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Real Bulland JSC stock overvalued right now?
Based on GuruFocus' analysis, Real Bulland JSC (XBUL:RBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €1.38, compared to a current price of €0.80 — trading 42% below its estimated fair value. The current E10 is €0.01. Real Bulland JSC's overall GF Score™ is 62/100 with 2 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 Bulland JSC (XBUL:RBL), the current E10 is €0.01 as of Jun. 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 Bulland JSC (XBUL:RBL) Overvalued in 2026?

Based on GuruFocus' analysis, Real Bulland JSC stock appears to be undervalued. The current stock price of €0.80 is trading 42% below its estimated GF Value™ of €1.38. GuruFocus considers Real Bulland JSC to be Significantly Undervalued.

Key valuation signals for XBUL:RBL:

  • E10: €0.01
  • GF Value™: €1.38 vs. price of €0.80 (42% below fair value)
  • GF Score™: 62/100 with 2 warning signs

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


Real Bulland JSC Business Description

Address 19 Georg Washington Street, 1st Floor, Sofia, BGR, 1301
Real Bulland JSC is a real estate company. It is engaged in the acquisition of agricultural land, which is used for agricultural production for renting or leasing to agricultural producers as well as the selling of concentrated and consolidated land.
62GF Score

Get the complete analysis for XBUL:RBL

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

€0.80
Price
€1.38
GF Value