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Ayala Land (PHS:ALI) E10 : ₱1.73 (As of Mar. 2024)


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What is Ayala Land 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.

Ayala Land's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱0.420. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱1.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Ayala Land's average E10 Growth Rate was 10.20% per year. During the past 3 years, the average E10 Growth Rate was 9.10% per year. During the past 5 years, the average E10 Growth Rate was 8.90% 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 Ayala Land was 10.00% per year. The lowest was 6.40% per year. And the median was 8.95% per year.

As of today (2024-05-26), Ayala Land's current stock price is ₱28.85. Ayala Land's E10 for the quarter that ended in Mar. 2024 was ₱1.73. Ayala Land's Shiller PE Ratio of today is 16.68.

During the past 13 years, the highest Shiller PE Ratio of Ayala Land was 47.03. The lowest was 14.91. And the median was 25.94.


Ayala Land E10 Historical Data

The historical data trend for Ayala Land'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.

Ayala Land E10 Chart

Ayala Land Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.28 1.30 1.41 1.54 1.69

Ayala Land Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.57 1.61 1.69 1.69 1.73

Competitive Comparison of Ayala Land's E10

For the Real Estate - Development subindustry, Ayala Land'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.


Ayala Land's Shiller PE Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Ayala Land's Shiller PE Ratio falls into.



Ayala Land 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, Ayala Land's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.42/131.7762*131.7762
=0.420

Current CPI (Mar. 2024) = 131.7762.

Ayala Land Quarterly Data

per share eps CPI Adj_EPS
201406 0.260 100.560 0.341
201409 0.260 100.428 0.341
201412 0.290 99.070 0.386
201503 0.280 99.621 0.370
201506 0.290 100.684 0.380
201509 0.300 100.392 0.394
201512 0.330 99.792 0.436
201603 0.320 100.470 0.420
201606 0.340 101.688 0.441
201609 0.360 101.861 0.466
201612 0.400 101.863 0.517
201703 0.380 102.862 0.487
201706 0.400 103.349 0.510
201709 0.430 104.136 0.544
201712 0.490 104.011 0.621
201803 0.440 105.290 0.551
201806 0.470 106.317 0.583
201809 0.490 106.507 0.606
201812 0.570 105.998 0.709
201903 0.500 107.251 0.614
201906 0.530 108.070 0.646
201909 0.540 108.329 0.657
201912 0.680 108.420 0.826
202003 0.290 108.902 0.351
202006 0.010 108.767 0.012
202009 0.120 109.815 0.144
202012 0.160 109.897 0.192
202103 0.190 111.754 0.224
202106 0.220 114.631 0.253
202109 0.170 115.734 0.194
202112 0.250 117.630 0.280
202203 0.210 121.301 0.228
202206 0.330 125.017 0.348
202209 0.350 125.227 0.368
202212 0.370 125.222 0.389
202303 0.300 127.348 0.310
202306 0.450 128.729 0.461
202309 0.880 129.860 0.893
202312 0.410 129.419 0.417
202403 0.420 131.776 0.420

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


Ayala Land  (PHS:ALI) 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.

Ayala Land's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.85/1.73
=16.68

* 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 Ayala Land was 47.03. The lowest was 14.91. And the median was 25.94.


Be Aware

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


Ayala Land E10 Related Terms

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


Ayala Land (PHS:ALI) Business Description

Traded in Other Exchanges
Address
Ayala Triangle, Ayala Avenue, 31st Floor, Tower One and Exchange Plaza, Makati City, PHL, 1226
Ayala Land is a real estate conglomerate operating in the Philippines that plans and develops large-scale, integrated estates. Ayala develops commercial and industrial parks and engages in property management and construction. The company operates in seven business segments: Property Development; International; Shopping Centers; Offices; Hotels and Resorts; Construction; Property Management and Others. The majority of revenue gets derived from the Property development segment that engages in the sale of high-end and upper-middle-income residential lots and units, affordable housing units and lots, economic housing, and leisure community developments.

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