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Freehold Royalties (Freehold Royalties) E10 : $0.33 (As of Dec. 2023)


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What is Freehold Royalties 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.

Freehold Royalties's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.171. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.33 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Freehold Royalties was 10.20% per year. The lowest was -13.70% per year. And the median was -5.95% per year.

As of today (2024-04-29), Freehold Royalties's current stock price is $10.55. Freehold Royalties's E10 for the quarter that ended in Dec. 2023 was $0.33. Freehold Royalties's Shiller PE Ratio of today is 31.97.

During the past 13 years, the highest Shiller PE Ratio of Freehold Royalties was 43.62. The lowest was 5.20. And the median was 18.04.


Freehold Royalties E10 Historical Data

The historical data trend for Freehold Royalties'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.

Freehold Royalties E10 Chart

Freehold Royalties 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 0.38 - 0.28 0.32 0.33

Freehold Royalties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only 0.32 0.32 0.32 0.32 0.33

Competitive Comparison of Freehold Royalties's E10

For the Oil & Gas E&P subindustry, Freehold Royalties'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.


Freehold Royalties's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Freehold Royalties's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Freehold Royalties's Shiller PE Ratio falls into.



Freehold Royalties 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, Freehold Royalties's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.171/125.4675*125.4675
=0.171

Current CPI (Dec. 2023) = 125.4675.

Freehold Royalties Quarterly Data

per share eps CPI Adj_EPS
201403 0.234 98.604 0.298
201406 0.268 99.473 0.338
201409 0.218 99.394 0.275
201412 0.130 98.367 0.166
201503 0.230 99.789 0.289
201506 0.032 100.500 0.040
201509 -0.173 100.421 -0.216
201512 -0.066 99.947 -0.083
201603 -0.068 101.054 -0.084
201606 -0.016 102.002 -0.020
201609 -0.015 101.765 -0.018
201612 0.015 101.449 0.019
201703 0.045 102.634 0.055
201706 0.083 103.029 0.101
201709 0.001 103.345 0.001
201712 -0.055 103.345 -0.067
201803 0.031 105.004 0.037
201806 0.038 105.557 0.045
201809 0.054 105.636 0.064
201812 -0.022 105.399 -0.026
201903 -0.045 106.979 -0.053
201906 0.023 107.690 0.027
201909 0.015 107.611 0.017
201912 0.039 107.769 0.045
202003 -0.057 107.927 -0.066
202006 -0.037 108.401 -0.043
202009 0.001 108.164 0.001
202012 0.000 108.559 0.000
202103 0.032 110.298 0.036
202106 0.082 111.720 0.092
202109 0.134 112.905 0.149
202112 0.172 113.774 0.190
202203 0.197 117.646 0.210
202206 0.344 120.806 0.357
202209 0.315 120.648 0.328
202212 0.199 120.964 0.206
202303 0.153 122.702 0.156
202306 0.120 124.203 0.121
202309 0.207 125.230 0.207
202312 0.171 125.468 0.171

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


Freehold Royalties  (OTCPK:FRHLF) 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.

Freehold Royalties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=10.55/0.33
=31.97

* 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 Freehold Royalties was 43.62. The lowest was 5.20. And the median was 18.04.


Be Aware

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


Freehold Royalties E10 Related Terms

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


Freehold Royalties (Freehold Royalties) Business Description

Traded in Other Exchanges
Address
517 - 10 Avenue SW, Suite 1000, Calgary, AB, CAN, T2R 0A8
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.

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