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Tritax Big Box REIT (LSE:BBOX) E10 : £0.18 (As of Dec. 2023)


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What is Tritax Big Box REIT 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.

Tritax Big Box REIT's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was £0.037. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.18 for the trailing ten years ended in Dec. 2023.

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 (2024-06-09), Tritax Big Box REIT's current stock price is £ 1.578. Tritax Big Box REIT's E10 for the fiscal year that ended in Dec. 2023 was £0.18. Tritax Big Box REIT's Shiller PE Ratio of today is 8.77.

During the past 10 years, the highest Shiller PE Ratio of Tritax Big Box REIT was 9.36. The lowest was 8.14. And the median was 8.73.


Tritax Big Box REIT E10 Historical Data

The historical data trend for Tritax Big Box REIT'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.

Tritax Big Box REIT E10 Chart

Tritax Big Box REIT Annual Data
Trend Feb13 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.18

Tritax Big Box REIT Semi-Annual Data
Feb13 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - - - - 0.18

Competitive Comparison of Tritax Big Box REIT's E10

For the REIT - Industrial subindustry, Tritax Big Box REIT'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.


Tritax Big Box REIT's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tritax Big Box REIT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Tritax Big Box REIT's Shiller PE Ratio falls into.



Tritax Big Box REIT 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, Tritax Big Box REIT's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.037/130.5000*130.5000
=0.037

Current CPI (Dec. 2023) = 130.5000.

Tritax Big Box REIT Annual Data

per_share_eps CPI Adj_EPS
201302 0.000 97.500 0.000
201512 0.214 100.400 0.278
201612 0.104 102.200 0.133
201712 0.194 105.000 0.241
201812 0.175 107.100 0.213
201912 0.084 108.500 0.101
202012 0.263 109.400 0.314
202112 0.553 114.700 0.629
202212 -0.321 125.300 -0.334
202312 0.037 130.500 0.037

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


Tritax Big Box REIT  (LSE:BBOX) 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.

Tritax Big Box REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.578/0.18
=8.77

* 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 10 years, the highest Shiller P/E Ratio of Tritax Big Box REIT was 9.36. The lowest was 8.14. And the median was 8.73.


Be Aware

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


Tritax Big Box REIT E10 Related Terms

Thank you for viewing the detailed overview of Tritax Big Box REIT's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Tritax Big Box REIT (LSE:BBOX) Business Description

Traded in Other Exchanges
Address
6 Duke Street, 3rd Floor, St. James's, London, GBR, SW1Y 6BN
Tritax Big Box REIT PLC is a UK based real estate investment trust. With the focus on the acquisition and management of large-scale logistics real estate Tritax operates in the Investment Property segment. It owns and operates big boxes stores which also serves as the breakdown point for bulk palleted deliveries and are often port-centric in their location focus. The customers it caters operate in the business of retail, logistics, consumer products and automotive.

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