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Mori Trust Reit (Mori Trust Reit) E10 : $51.80 (As of Sep. 2022)


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What is Mori Trust Reit 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.

Mori Trust Reit's adjusted earnings per share data for the fiscal year that ended in Sep. 2022 was $20.802. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $51.80 for the trailing ten years ended in Sep. 2022.

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 (2024-05-16), Mori Trust Reit's current stock price is $ 914.45. Mori Trust Reit's E10 for the fiscal year that ended in Sep. 2022 was $51.80. Mori Trust Reit's Shiller PE Ratio of today is 17.65.


Mori Trust Reit E10 Historical Data

The historical data trend for Mori Trust Reit'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.

Mori Trust Reit E10 Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.09 37.65 54.17 48.36 51.80

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
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 - 48.36 - 51.80 -

Competitive Comparison of Mori Trust Reit's E10

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Mori Trust Reit's Shiller PE Ratio falls into.



Mori Trust Reit 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, Mori Trust Reit's adjusted earnings per share data for the fiscal year that ended in Sep. 2022 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Sep. 2022 (Change)*Current CPI (Sep. 2022)
=20.802/103.1000*103.1000
=20.802

Current CPI (Sep. 2022) = 103.1000.

Mori Trust Reit Annual Data

per_share_eps CPI Adj_EPS
201309 37.902 95.400 40.961
201409 32.771 98.500 34.301
201509 37.816 98.500 39.582
201609 33.758 98.000 35.515
201709 38.551 98.800 40.229
201809 32.414 99.900 33.452
201909 34.298 100.100 35.326
202009 36.068 99.900 37.223
202109 34.924 100.100 35.971
202209 20.802 103.100 20.802

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


Mori Trust Reit  (OTCPK:MRGIF) 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.

Mori Trust Reit's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=914.45/51.8
=17.65

* 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.


Mori Trust Reit E10 Related Terms

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


Mori Trust Reit (Mori Trust Reit) Business Description

Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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