Blue Square Real Estate (XTAE:BLSR) E10: ₪38.84 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

XTAE:BLSR Blue Square Real Estate Ltd XTAE:BLSR
76 GF Score
Price ₪313.00
GF Value ₪247.49
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is Blue Square Real Estate E10?

Blue Square Real Estate XTAE:BLSR -3.16% 76 E10 is ₪38.84 as of Mar. 2026. GuruFocus rates XTAE:BLSR with a GF Score™ of 76/100 and a GF Value™ of ₪247.49 (Modestly Overvalued). 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.

Blue Square Real Estate's adjusted earnings per share data for the three months ended in Mar. 2026 was ₪9.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪38.84 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Blue Square Real Estate's average E10 Growth Rate was 13.50% 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 (2026-07-14), Blue Square Real Estate's current stock price is ₪313.00. Blue Square Real Estate's E10 for the quarter that ended in Mar. 2026 was ₪38.84. Blue Square Real Estate's Shiller PE Ratio of today is 8.06.

During the past 13 years, the highest Shiller PE Ratio of Blue Square Real Estate was 12.63. The lowest was 8.05. And the median was 10.25.


Blue Square Real Estate  (XTAE:BLSR) 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.

Blue Square Real Estate's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=313.00/38.84
=8.06

* 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 Blue Square Real Estate was 12.63. The lowest was 8.05. And the median was 10.25.


Be Aware

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


Blue Square Real Estate E10 Related Terms


Blue Square Real Estate E10 Historical Data

* Premium members only.

The historical data trend for Blue Square Real Estate'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.

Blue Square Real Estate E10 Chart

Blue Square Real Estate 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 37.70

Blue Square Real Estate 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 34.22 36.23 37.03 37.70 38.84

XTAE:BLSR vs CBRE, BEKE, JLL: E10 Comparison

For the Real Estate Services subindustry, Blue Square Real Estate'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.


Blue Square Real Estate Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where Blue Square Real Estate's Shiller PE Ratio falls into.


XTAE:BLSR
76GF Score
Blue Square Real Estate Ltd XTAE:BLSR
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Square Real Estate 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, Blue Square Real Estate'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)
=9.46/330.2130*330.2130
=9.460

Current CPI (Mar. 2026) = 330.2130.

Blue Square Real Estate Quarterly Data

per share eps CPI Adj_EPS
201606 3.920 241.018 5.371
201609 2.060 241.428 2.818
201612 10.670 241.432 14.594
201703 4.610 243.801 6.244
201706 3.100 244.955 4.179
201709 3.560 246.819 4.763
201712 5.530 246.524 7.407
201803 0.820 249.554 1.085
201806 0.340 251.989 0.446
201809 6.700 252.439 8.764
201812 2.160 251.233 2.839
201903 3.140 254.202 4.079
201906 3.630 256.143 4.680
201909 6.450 256.759 8.295
201912 16.860 256.974 21.665
202003 1.240 258.115 1.586
202006 3.150 257.797 4.035
202009 5.060 260.280 6.420
202012 6.760 260.474 8.570
202103 4.780 264.877 5.959
202106 27.380 271.696 33.277
202109 2.820 274.310 3.395
202112 12.960 278.802 15.350
202203 3.720 287.504 4.273
202206 11.330 296.311 12.626
202209 1.400 296.808 1.558
202212 7.600 296.797 8.456
202303 3.850 301.836 4.212
202306 11.050 305.109 11.959
202309 5.370 307.789 5.761
202312 31.680 306.746 34.104
202403 10.930 312.332 11.556
202406 9.290 314.175 9.764
202409 8.530 315.301 8.933
202412 24.760 315.605 25.906
202503 6.370 319.799 6.577
202506 24.990 322.561 25.583
202509 14.470 324.800 14.711
202512 16.780 324.054 17.099
202603 9.460 330.213 9.460

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 ₪38.84 mean?
Blue Square Real Estate (XTAE:BLSR) has a E10 of ₪38.84 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Blue Square Real Estate and its competitors.
Is Blue Square Real Estate's E10 too high?
Blue Square Real Estate's current E10 is ₪38.84. Overall, Blue Square Real Estate has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Blue Square Real Estate's E10 compare to CBRE and BEKE?
Blue Square Real Estate's E10 of ₪38.84 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 Blue Square Real Estate and its competitors. Blue Square Real Estate's current E10 is ₪38.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Square Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Blue Square Real Estate (XTAE:BLSR) is currently considered Modestly Overvalued. The stock's GF Value™ is ₪247.49, compared to a current price of ₪313.00 — trading 26.5% above its estimated fair value. The current E10 is ₪38.84. Blue Square Real Estate's overall GF Score™ is 76/100 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 Blue Square Real Estate (XTAE:BLSR), the current E10 is ₪38.84 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 Blue Square Real Estate (XTAE:BLSR) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Square Real Estate stock appears to be overvalued. The current stock price of ₪313.00 is trading 26.5% above its estimated GF Value™ of ₪247.49. GuruFocus considers Blue Square Real Estate to be Modestly Overvalued.

Key valuation signals for XTAE:BLSR:

  • E10: ₪38.84
  • GF Value™: ₪247.49 vs. price of ₪313.00 (26.5% above fair value)
  • GF Score™: 76/100 with 8 warning signs

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


Blue Square Real Estate Business Description

Address 132 Menachem Begin Road, 18th Floor, Azrieli Towers, Round Tower, Tel Aviv, ISR, 60972
Blue Square Real Estate Ltd is engaged in the development and rental of real estate properties. The company is engaged in innovation, development, and the improvement of commercial properties, shopping malls, logistics centers, and office towers. The company also undertakes residential, mixed-use, and urban renewal projects in high-demand regions.
76GF Score

Get the complete analysis for XTAE:BLSR

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

₪313.00
Price
₪247.49
GF Value