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Polski Holding Nieruchomosci (WAR:PHN) E10 : zł1.13 (As of Mar. 2024)


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What is Polski Holding Nieruchomosci 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.

Polski Holding Nieruchomosci's adjusted earnings per share data for the three months ended in Mar. 2024 was zł-0.510. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł1.13 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Polski Holding Nieruchomosci's average E10 Growth Rate was -36.20% 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.

As of today (2024-06-04), Polski Holding Nieruchomosci's current stock price is zł11.35. Polski Holding Nieruchomosci's E10 for the quarter that ended in Mar. 2024 was zł1.13. Polski Holding Nieruchomosci's Shiller PE Ratio of today is 10.04.

During the past 13 years, the highest Shiller PE Ratio of Polski Holding Nieruchomosci was 17.50. The lowest was 6.00. And the median was 8.87.


Polski Holding Nieruchomosci E10 Historical Data

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci E10 Chart

Polski Holding Nieruchomosci 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 - - 0.95 1.72 1.18

Polski Holding Nieruchomosci Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.77 1.75 1.52 1.18 1.13

Competitive Comparison of Polski Holding Nieruchomosci's E10

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci's Shiller PE Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Polski Holding Nieruchomosci's Shiller PE Ratio falls into.



Polski Holding Nieruchomosci 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, Polski Holding Nieruchomosci's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.51/149.0435*149.0435
=-0.510

Current CPI (Mar. 2024) = 149.0435.

Polski Holding Nieruchomosci Quarterly Data

per share eps CPI Adj_EPS
201406 0.220 101.180 0.324
201409 0.760 100.611 1.126
201412 1.250 100.122 1.861
201503 0.270 100.041 0.402
201506 0.350 100.448 0.519
201509 0.800 99.634 1.197
201512 -0.360 99.471 -0.539
201603 0.180 98.983 0.271
201606 0.670 99.552 1.003
201609 0.100 99.064 0.150
201612 -0.290 100.366 -0.431
201703 -0.050 101.018 -0.074
201706 0.210 101.180 0.309
201709 0.320 101.343 0.471
201712 0.200 102.564 0.291
201803 0.270 102.564 0.392
201806 0.420 103.378 0.606
201809 0.120 103.378 0.173
201812 0.210 103.785 0.302
201903 0.270 104.274 0.386
201906 0.310 105.983 0.436
201909 0.350 105.983 0.492
201912 0.510 107.123 0.710
202003 0.570 109.076 0.779
202006 -0.840 109.402 -1.144
202009 0.250 109.320 0.341
202012 1.400 109.565 1.904
202103 0.580 112.658 0.767
202106 0.120 113.960 0.157
202109 0.230 115.588 0.297
202112 0.630 119.088 0.788
202203 0.440 125.031 0.525
202206 0.540 131.705 0.611
202209 0.100 135.531 0.110
202212 -0.470 139.113 -0.504
202303 -0.140 145.950 -0.143
202306 -1.140 147.009 -1.156
202309 0.450 146.113 0.459
202312 -2.320 147.741 -2.340
202403 -0.510 149.044 -0.510

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


Polski Holding Nieruchomosci  (WAR:PHN) 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.

Polski Holding Nieruchomosci's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11.35/1.13
=10.04

* 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 Polski Holding Nieruchomosci was 17.50. The lowest was 6.00. And the median was 8.87.


Be Aware

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


Polski Holding Nieruchomosci E10 Related Terms

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


Polski Holding Nieruchomosci (WAR:PHN) Business Description

Traded in Other Exchanges
Address
al. Jana Paw?a II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, and sale of commercial as well as residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.

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