GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Education Realty Trust Inc (NYSE:EDR) » Definitions » E10

Education Realty Trust (Education Realty Trust) E10 : $-0.03 (As of Jun. 2018)


View and export this data going back to 2005. Start your Free Trial

What is Education Realty Trust E10?

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.

Education Realty Trust's adjusted earnings per share data for the three months ended in Jun. 2018 was $0.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.03 for the trailing ten years ended in Jun. 2018.

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 (2024-04-28), Education Realty Trust's current stock price is $41.49. Education Realty Trust's E10 for the quarter that ended in Jun. 2018 was $-0.03. Education Realty Trust's Shiller PE Ratio of today is .


Education Realty Trust E10 Historical Data

The historical data trend for Education Realty Trust'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.

* Premium members only.

Education Realty Trust E10 Chart

Education Realty Trust Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.98 -0.77 -0.48 -0.25 -0.12

Education Realty Trust Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
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 -0.22 -0.15 -0.12 -0.07 -0.03

Competitive Comparison of Education Realty Trust's E10

For the REIT - Residential subindustry, Education Realty Trust'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.


Education Realty Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Education Realty Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Education Realty Trust's Shiller PE Ratio falls into.



Education Realty Trust 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, Education Realty Trust's adjusted earnings per share data for the three months ended in Jun. 2018 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=0.81/106.3168*106.3168
=0.810

Current CPI (Jun. 2018) = 106.3168.

Education Realty Trust Quarterly Data

per share eps CPI Adj_EPS
200809 -0.750 92.307 -0.864
200812 -0.510 88.697 -0.611
200903 0.060 89.744 0.071
200906 0.030 91.003 0.035
200909 -0.462 91.120 -0.539
200912 0.030 91.111 0.035
201003 0.000 91.821 0.000
201006 -0.030 91.962 -0.035
201009 -2.070 92.162 -2.388
201012 -0.090 92.474 -0.103
201103 0.030 94.283 0.034
201106 0.030 95.235 0.033
201109 -0.270 95.727 -0.300
201112 -0.210 95.213 -0.234
201203 0.060 96.783 0.066
201206 0.030 96.819 0.033
201209 0.000 97.633 0.000
201212 0.130 96.871 0.143
201303 0.090 98.209 0.097
201306 0.120 98.518 0.129
201309 -0.120 98.790 -0.129
201312 0.050 98.326 0.054
201403 0.310 99.695 0.331
201406 -0.230 100.560 -0.243
201409 0.450 100.428 0.476
201412 0.500 99.070 0.537
201503 0.140 99.621 0.149
201506 0.060 100.684 0.063
201509 -0.100 100.392 -0.106
201512 0.290 99.792 0.309
201603 0.270 100.470 0.286
201606 0.260 101.688 0.272
201609 -0.050 101.861 -0.052
201612 0.200 101.863 0.209
201703 0.210 102.862 0.217
201706 0.070 103.349 0.072
201709 -0.010 104.136 -0.010
201712 0.330 104.011 0.337
201803 0.530 105.290 0.535
201806 0.810 106.317 0.810

Add all the adjusted EPS together and divide 10 will get our e10.


Education Realty Trust  (NYSE:EDR) 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.


Education Realty Trust E10 Related Terms

Thank you for viewing the detailed overview of Education Realty Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Education Realty Trust (Education Realty Trust) Business Description

Traded in Other Exchanges
N/A
Address
Education Realty Trust Inc is a real estate investment trust engaged in the acquisition, development, and management of collegiate housing communities located near university campuses throughout the United States. In terms of the total number of residential communities and the total number of beds, the majority of the company's real estate portfolio is located in the Mid-Atlantic and South Central regions of the United States. Nearly all of Education Realty's revenue is derived from short-term collegiate housing leases. Most of this revenue is generated by the company's holdings in the Mid-Atlantic and South Central regions. Real estate markets surrounding universities in Kentucky and Texas represent some of Education Realty's largest individual markets.
Executives
John T Thomas director 309 N. WATER STREET, SUITE 500, MILWAUKEE WI 53202
Brewer Edwin B Jr officer: Executive VP and CFO C/O EDUCATION REALTY TRUST, INC., 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Randy L Churchey director, officer: Chairman and CEO 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
John V Arabia director 200 SPECTRUM CENTER DRIVE, SUITE 2100, IRVINE CA 92618
Kimberly Schaefer director C/O SEAWORLD ENTERTAINMENT, INC., 6240 SEA HARBOR DR, ORLANDO FL 32821
Randall H Brown officer: Exec. VP, CFO and Treasurer 2100 REXFORD ROAD, SUITE 414, CHARLOTTE NC 28211

Education Realty Trust (Education Realty Trust) Headlines