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Franklin Street Properties (Franklin Street Properties) E10 : $0.16 (As of Dec. 2023)


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What is Franklin Street Properties 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.

Franklin Street Properties's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.030. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.16 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Franklin Street Properties's average E10 Growth Rate was -30.40% per year. During the past 3 years, the average E10 Growth Rate was -5.60% per year. During the past 5 years, the average E10 Growth Rate was -3.00% per year. During the past 10 years, the average E10 Growth Rate was -13.80% 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 Franklin Street Properties was 6.60% per year. The lowest was -26.70% per year. And the median was -12.95% per year.

As of today (2024-04-30), Franklin Street Properties's current stock price is $1.86. Franklin Street Properties's E10 for the quarter that ended in Dec. 2023 was $0.16. Franklin Street Properties's Shiller PE Ratio of today is 11.63.

During the past 13 years, the highest Shiller PE Ratio of Franklin Street Properties was 44.11. The lowest was 5.04. And the median was 24.28.


Franklin Street Properties E10 Historical Data

The historical data trend for Franklin Street Properties'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.

Franklin Street Properties E10 Chart

Franklin Street Properties 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 0.19 0.19 0.23 0.23 0.16

Franklin Street Properties 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 0.23 0.23 0.22 0.17 0.16

Competitive Comparison of Franklin Street Properties's E10

For the REIT - Office subindustry, Franklin Street Properties'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.


Franklin Street Properties's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Franklin Street Properties's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Franklin Street Properties's Shiller PE Ratio falls into.



Franklin Street Properties 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, Franklin Street Properties'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)
=0.03/129.4194*129.4194
=0.030

Current CPI (Dec. 2023) = 129.4194.

Franklin Street Properties Quarterly Data

per share eps CPI Adj_EPS
201403 0.040 99.695 0.052
201406 0.040 100.560 0.051
201409 0.020 100.428 0.026
201412 0.040 99.070 0.052
201503 0.130 99.621 0.169
201506 0.040 100.684 0.051
201509 0.030 100.392 0.039
201512 0.150 99.792 0.195
201603 0.030 100.470 0.039
201606 0.020 101.688 0.025
201609 0.020 101.861 0.025
201612 0.020 101.863 0.025
201703 0.040 102.862 0.050
201706 -0.160 103.349 -0.200
201709 0.020 104.136 0.025
201712 -0.050 104.011 -0.062
201803 0.010 105.290 0.012
201806 0.010 106.317 0.012
201809 0.090 106.507 0.109
201812 0.010 105.998 0.012
201903 -0.010 107.251 -0.012
201906 0.020 108.070 0.024
201909 0.020 108.329 0.024
201912 0.030 108.420 0.036
202003 -0.010 108.902 -0.012
202006 -0.020 108.767 -0.024
202009 -0.020 109.815 -0.024
202012 0.340 109.897 0.400
202103 -0.060 111.754 -0.069
202106 0.150 114.631 0.169
202109 0.040 115.734 0.045
202112 0.750 117.630 0.825
202203 -0.040 121.301 -0.043
202206 -0.090 125.017 -0.093
202209 0.170 125.227 0.176
202212 -0.030 125.222 -0.031
202303 0.020 127.348 0.020
202306 -0.080 128.729 -0.080
202309 -0.440 129.860 -0.439
202312 0.030 129.419 0.030

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


Franklin Street Properties  (AMEX:FSP) 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.

Franklin Street Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.86/0.16
=11.63

* 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 Franklin Street Properties was 44.11. The lowest was 5.04. And the median was 24.28.


Be Aware

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


Franklin Street Properties E10 Related Terms

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


Franklin Street Properties (Franklin Street Properties) Business Description

Traded in Other Exchanges
Address
401 Edgewater Place, Suite 200, Wakefield, MA, USA, 01880
Franklin Street Properties Corp is a real estate investment trust. The company is focused on commercial real estate investments in office markets. The company's operations include rental income from real estate leasing, interest income from secured loans made on office properties, property dispositions, and fee income from asset/property management and development. Franklin Street markets Atlanta, Dallas, Denver, Houston, and Minneapolis. It owns a portfolio of real estate consisting of approximately 32 properties.
Executives
Brian N Hansen director CONFLUENCE INVESTMENT MANAGEMENT LLC, 20 ALLEN AVENUE, SUITE 300, ST. LOUIS MO 63119
Jonathan Bennett Odle 10 percent owner 3622 ENDEAVOR AVENUE, SUITE 101, COLUMBIA MO 65201
Dennis J Mcgillicuddy director 1221 S. TAMIAMI TRAIL, SARASOTA FL 34239
Wilkins Milton P Jr director 401 EDGEWATER PLACE, STE 200, WAKEFIELD MA 01880
Kenneth A Hoxsie director 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
Georgia Murray director 433 SHAWMUT AVE, BOSTON MA 02118
John N Burke director 175 DERBY STREET, SUITE 42, HINGHAM MA 02043
Kathryn P O'neil director 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
John G Demeritt officer: Senior Vice President-Finance 401 EDGEWATER PLACE, STE. 200, WAKEFIELD MA 01880
George J Carter director, officer: CEO 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880
Eriel Anchondo officer: SVP/Operations 401 EDGEWATER PL, STE. 200, WAKEFIELD MA 01880
Jeffrey B Carter officer: Executive Vice President 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880
John F Donahue officer: Executive Vice President 401 EDGEWATER PL, STE 200, WAKEFIELD MA 01880
Barry Silverstein other: former director 2500 S. OCEAN BLVD., #503, BOCA RATON FL 33432
Barbara J Corinha director, officer: VP, COO, Treasurer & Secretary 401 EDGEWATER PLACE, SUITE 200, WAKEFIELD MA 01880

Franklin Street Properties (Franklin Street Properties) Headlines

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