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.
Riocan Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.291. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.26 for the trailing ten years ended in Dec. 2023.
During the past 12 months, Riocan Real Estate Investment Trust's average E10 Growth Rate was -11.20% per year.
During the past 3 years, the average E10 Growth Rate was -10.40% per year.
During the past 5 years, the average E10 Growth Rate was -10.80% per year.
During the past 10 years, the average E10 Growth Rate was -1.40% 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 Riocan Real Estate Investment Trust was 30.40% per year. The lowest was -14.70% per year. And the median was 4.90% per year.
* 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.
Competitive Comparison of Riocan Real Estate Investment Trust's E10
For the REIT - Retail subindustry, Riocan Real Estate Investment 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.
Riocan Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Riocan Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Riocan Real Estate Investment Trust's Shiller PE Ratio falls into.
Riocan Real Estate Investment 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.
Riocan Real Estate Investment Trust Quarterly Data
per share eps
CPI
Adj_EPS
201403
0.495
98.604
0.630
201406
0.462
99.473
0.583
201409
0.463
99.394
0.584
201412
0.468
98.367
0.597
201503
0.214
99.789
0.269
201506
0.210
100.500
0.262
201509
0.332
100.421
0.415
201512
-0.416
99.947
-0.522
201603
0.325
101.054
0.404
201606
0.644
102.002
0.792
201609
0.572
101.765
0.705
201612
0.367
101.449
0.454
201703
0.373
102.634
0.456
201706
0.354
103.029
0.431
201709
0.456
103.345
0.554
201712
0.501
103.345
0.608
201803
0.332
105.004
0.397
201806
0.267
105.557
0.317
201809
0.315
105.636
0.374
201812
0.365
105.399
0.434
201903
0.479
106.979
0.562
201906
0.625
107.690
0.728
201909
0.438
107.611
0.511
201912
0.357
107.769
0.416
202003
0.229
107.927
0.266
202006
-0.812
108.401
-0.940
202009
0.280
108.164
0.325
202012
0.164
108.559
0.190
202103
0.271
110.298
0.308
202106
0.376
111.720
0.422
202109
0.339
112.905
0.377
202112
0.516
113.774
0.569
202203
0.411
117.646
0.438
202206
0.195
120.806
0.203
202209
0.007
120.648
0.007
202212
-0.015
120.964
-0.016
202303
0.285
122.702
0.291
202306
0.278
124.203
0.281
202309
-0.177
125.230
-0.177
202312
-0.291
125.468
-0.291
Add all the adjusted EPS together and divide 10 will get our e10.
Riocan Real Estate Investment Trust (OTCPK:RIOCF) 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.
Riocan Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as
* 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 Riocan Real Estate Investment Trust was 14.41. The lowest was 4.52. And the median was 10.19.
Be Aware
Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.
Riocan Real Estate Investment Trust E10 Related Terms
Thank you for viewing the detailed overview of Riocan Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.
Riocan Real Estate Investment Trust (Riocan Real Estate Investment Trust) Business Description
Riocan Real Estate Investment Trust is a Canadian real estate investment trust which owns, develops, and operates Canada's portfolio of retail-focused, increasingly mixed-use properties. The REIT's property portfolio includes shopping centers and mixed-use developments, with most of its properties located in Ontario, Canada. Riocan's tenants consist of grocery stores, supermarkets, restaurants, cinemas, pharmacies, and corporates. By geography, the company operates in Canada, which generates the majority of total revenue, and in the United States.
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