GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sun Communities Inc (BSP:S2UI34) » Definitions » E10

Sun Communities (BSP:S2UI34) E10 : R$0.46 (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Sun Communities 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.

Sun Communities's adjusted earnings per share data for the three months ended in Dec. 2024 was R$-0.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.46 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Sun Communities's average E10 Growth Rate was 2.70% per year. During the past 3 years, the average E10 Growth Rate was 3.30% per year. During the past 5 years, the average E10 Growth Rate was 14.10% 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 Sun Communities was 330.90% per year. The lowest was -82.50% per year. And the median was 6.75% per year.

As of today (2025-04-04), Sun Communities's current stock price is R$36.40. Sun Communities's E10 for the quarter that ended in Dec. 2024 was R$0.46. Sun Communities's Shiller PE Ratio of today is 79.13.

During the past 13 years, the highest Shiller PE Ratio of Sun Communities was 8352.00. The lowest was 68.08. And the median was 158.86.


Sun Communities E10 Historical Data

The historical data trend for Sun Communities'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.

Sun Communities E10 Chart

Sun Communities Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.38 0.43 0.36 0.46

Sun Communities Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.36 0.36 0.41 0.45 0.46

Competitive Comparison of Sun Communities's E10

For the REIT - Residential subindustry, Sun Communities'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.


Sun Communities's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Sun Communities's Shiller PE Ratio falls into.


;
;

Sun Communities 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, Sun Communities's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.54/133.1571*133.1571
=-0.540

Current CPI (Dec. 2024) = 133.1571.

Sun Communities Quarterly Data

per share eps CPI Adj_EPS
201503 0.020 99.621 0.027
201506 0.036 100.684 0.048
201509 0.103 100.392 0.137
201512 0.303 99.792 0.404
201603 0.026 100.470 0.034
201606 -0.021 101.688 -0.027
201609 0.044 101.861 0.058
201612 -0.003 101.863 -0.004
201703 0.045 102.862 0.058
201706 0.026 103.349 0.033
201709 0.049 104.136 0.063
201712 0.015 104.011 0.019
201803 0.062 105.290 0.078
201806 0.047 106.317 0.059
201809 0.115 106.507 0.144
201812 0.021 105.998 0.026
201903 0.077 107.251 0.096
201906 0.089 108.070 0.110
201909 0.130 108.329 0.160
201912 0.064 108.420 0.079
202003 -0.042 108.902 -0.051
202006 0.158 108.767 0.193
202009 0.224 109.815 0.272
202012 0.018 109.897 0.022
202103 0.065 111.754 0.077
202106 0.246 114.631 0.286
202109 0.528 115.734 0.607
202112 0.031 117.630 0.035
202203 0.002 121.301 0.002
202206 0.154 125.017 0.164
202209 0.346 125.227 0.368
202212 0.010 125.222 0.011
202303 -0.094 127.348 -0.098
202306 -0.408 128.729 -0.422
202309 0.240 129.860 0.246
202312 -0.159 129.419 -0.164
202403 -0.055 131.776 -0.056
202406 0.113 132.554 0.114
202409 0.640 133.029 0.641
202412 -0.540 133.157 -0.540

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


Sun Communities  (BSP:S2UI34) 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.

Sun Communities's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.40/0.46
=79.13

* 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 Sun Communities was 8352.00. The lowest was 68.08. And the median was 158.86.


Be Aware

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


Sun Communities E10 Related Terms

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


Sun Communities Business Description

Traded in Other Exchanges
Address
27777 Franklin Road, Suite 300, Southfield, MI, USA, 48034
Sun Communities is a residential REIT that focuses on owning manufactured housing, residential vehicle communities, and marinas. The company currently owns a portfolio of 645 properties, which includes 341 manufactured housing communities, 166 residential vehicle communities, and 138 marina properties. Sun targets owning properties that are desirable as second homes or vacation properties with nearly 50% of the portfolio located in either Florida or Michigan near major bodies of water.

Sun Communities Headlines

No Headlines