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Wall Financial (TSX:WFC) E10 : C$1.11 (As of Jan. 2024)


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What is Wall Financial 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.

Wall Financial's adjusted earnings per share data for the three months ended in Jan. 2024 was C$0.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$1.11 for the trailing ten years ended in Jan. 2024.

During the past 3 years, the average E10 Growth Rate was 5.70% per year. During the past 5 years, the average E10 Growth Rate was 7.50% per year. During the past 10 years, the average E10 Growth Rate was 6.10% 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 Wall Financial was 16.60% per year. The lowest was -3.40% per year. And the median was 7.20% per year.

As of today (2024-05-25), Wall Financial's current stock price is C$20.10. Wall Financial's E10 for the quarter that ended in Jan. 2024 was C$1.11. Wall Financial's Shiller PE Ratio of today is 18.11.

During the past 13 years, the highest Shiller PE Ratio of Wall Financial was 47.48. The lowest was 10.28. And the median was 19.69.


Wall Financial E10 Historical Data

The historical data trend for Wall Financial'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.

Wall Financial E10 Chart

Wall Financial Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.03 0.94 0.94 1.11 1.11

Wall Financial Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.11 1.14 1.14 1.14 1.11

Competitive Comparison of Wall Financial's E10

For the Real Estate - Development subindustry, Wall Financial'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.


Wall Financial's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Wall Financial's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Wall Financial's Shiller PE Ratio falls into.



Wall Financial 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, Wall Financial's adjusted earnings per share data for the three months ended in Jan. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.02/125.0724*125.0724
=0.020

Current CPI (Jan. 2024) = 125.0724.

Wall Financial Quarterly Data

per share eps CPI Adj_EPS
201404 -0.030 98.920 -0.038
201407 0.120 99.315 0.151
201410 0.090 99.473 0.113
201501 0.060 98.209 0.076
201504 -0.005 99.710 -0.006
201507 0.120 100.579 0.149
201510 0.110 100.500 0.137
201601 0.470 100.184 0.587
201604 -0.010 101.370 -0.012
201607 0.380 101.844 0.467
201610 0.210 102.002 0.257
201701 0.010 102.318 0.012
201704 0.070 103.029 0.085
201707 0.200 103.029 0.243
201710 0.140 103.424 0.169
201801 -0.040 104.056 -0.048
201804 -0.010 105.320 -0.012
201807 0.260 106.110 0.306
201810 0.160 105.952 0.189
201901 1.110 105.557 1.315
201904 2.170 107.453 2.526
201907 1.000 108.243 1.155
201910 0.330 107.927 0.382
202001 0.110 108.085 0.127
202004 -0.110 107.216 -0.128
202007 -0.040 108.401 -0.046
202010 -0.003 108.638 -0.003
202101 0.180 109.192 0.206
202104 0.190 110.851 0.214
202107 0.180 112.431 0.200
202110 0.050 113.695 0.055
202201 0.030 114.801 0.033
202204 0.920 118.357 0.972
202207 0.290 120.964 0.300
202210 0.220 121.517 0.226
202301 0.060 121.596 0.062
202304 0.080 123.571 0.081
202307 0.290 124.914 0.290
202310 0.300 125.310 0.299
202401 0.020 125.072 0.020

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


Wall Financial  (TSX:WFC) 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.

Wall Financial's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.10/1.11
=18.11

* 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 Wall Financial was 47.48. The lowest was 10.28. And the median was 19.69.


Be Aware

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


Wall Financial E10 Related Terms

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


Wall Financial (TSX:WFC) Business Description

Traded in Other Exchanges
N/A
Address
1010 Burrard Street, Vancouver, BC, CAN, V6Z 2R9
Wall Financial Corp is in the development and management of residential rental units, the development and construction of residential housing for resale, and the development and management of hotel properties. It owns and manages two hotel properties in Metro Vancouver namely the Sheraton Vancouver Wall Centre Hotel and the Westin Wall Centre Vancouver Airport Hotel. It operates in three segments of the real estate industry namely, Ownership and management of revenue-producing residential and commercial properties (Rental), Ownership and management of hotel properties (Hotel), and the development and sale of residential housing (Development).
Executives
David Eugene Gruber Director