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Canadian Real Estate Investment Trust (Canadian Real Estate Investment Trust) E10 : $1.79 (As of Dec. 2017)


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What is Canadian Real Estate Investment 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.

Canadian Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2017 was $0.901. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.79 for the trailing ten years ended in Dec. 2017.

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 (2024-05-06), Canadian Real Estate Investment Trust's current stock price is $39.19. Canadian Real Estate Investment Trust's E10 for the quarter that ended in Dec. 2017 was $1.79. Canadian Real Estate Investment Trust's Shiller PE Ratio of today is 21.89.


Canadian Real Estate Investment Trust E10 Historical Data

The historical data trend for Canadian Real Estate Investment 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.

Canadian Real Estate Investment Trust E10 Chart

Canadian Real Estate Investment 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 1.50 1.47 1.37 1.47 1.79

Canadian Real Estate Investment Trust Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 1.47 1.52 1.69 1.80 1.79

Competitive Comparison of Canadian Real Estate Investment Trust's E10

For the REIT - Diversified subindustry, Canadian 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.


Canadian Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Canadian Real Estate Investment Trust's Shiller PE Ratio falls into.



Canadian 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.

For example, Canadian Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2017 (Change)*Current CPI (Dec. 2017)
=0.901/103.3447*103.3447
=0.901

Current CPI (Dec. 2017) = 103.3447.

Canadian Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
200803 0.299 88.965 0.347
200806 0.305 91.177 0.346
200809 0.293 91.414 0.331
200812 0.170 89.518 0.196
200903 0.372 90.071 0.427
200906 0.275 90.940 0.313
200909 0.425 90.624 0.485
200912 0.541 90.703 0.616
201003 -0.723 91.335 -0.818
201006 -6.717 91.809 -7.561
201009 0.145 92.362 0.162
201012 10.435 92.836 11.616
201103 0.205 94.338 0.225
201106 0.143 94.654 0.156
201109 0.170 95.286 0.184
201112 0.176 94.970 0.192
201203 0.332 96.155 0.357
201206 0.224 96.076 0.241
201209 0.256 96.392 0.274
201212 0.303 95.760 0.327
201303 0.283 97.103 0.301
201306 0.359 97.182 0.382
201309 0.280 97.419 0.297
201312 2.848 96.945 3.036
201403 0.756 98.604 0.792
201406 0.886 99.473 0.920
201409 0.436 99.394 0.453
201412 -0.251 98.367 -0.264
201503 0.610 99.789 0.632
201506 0.332 100.500 0.341
201509 0.241 100.421 0.248
201512 0.897 99.947 0.927
201603 0.590 101.054 0.603
201606 0.427 102.002 0.433
201609 0.198 101.765 0.201
201612 0.202 101.449 0.206
201703 0.500 102.634 0.503
201706 0.684 103.029 0.686
201709 0.480 103.345 0.480
201712 0.901 103.345 0.901

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


Canadian Real Estate Investment Trust  (OTCPK:CRXIF) 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.

Canadian Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=39.19/1.79
=21.89

* 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.


Be Aware

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


Canadian Real Estate Investment Trust E10 Related Terms

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


Canadian Real Estate Investment Trust (Canadian Real Estate Investment Trust) Business Description

Traded in Other Exchanges
N/A
Address
Canadian Real Estate Investment Trust, or CREIT, is a real estate investment trust with a portfolio of properties located throughout the provinces of Canada and the United States. CREIT segments its real estate holdings into Retail, Industrial, and Office assets. Most of the company's revenue is generated in the form of property rental income derived from its retail holdings. Office and industrial real estate assets also represent very substantial revenue streams for the company. CREIT's properties in Alberta and Ontario are responsible for the vast majority of the company's revenue in terms of geography and, together, encompass over half of all of CREIT's leasable square footage. The leases held by CREIT's tenants are primarily split between mid-term and long-term agreements.

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