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BXMT (Blackstone Mortgage Trust) E10 : $2.16 (As of Dec. 2024)


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What is Blackstone Mortgage Trust 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.

Blackstone Mortgage Trust's adjusted earnings per share data for the three months ended in Dec. 2024 was $0.220. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.16 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Blackstone Mortgage Trust's average E10 Growth Rate was -11.80% per year. During the past 3 years, the average E10 Growth Rate was -41.60% per year. During the past 5 years, the average E10 Growth Rate was -38.70% 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 Blackstone Mortgage Trust was 68.30% per year. The lowest was -66.10% per year. And the median was 5.60% per year.

As of today (2025-03-05), Blackstone Mortgage Trust's current stock price is $20.09. Blackstone Mortgage Trust's E10 for the quarter that ended in Dec. 2024 was $2.16. Blackstone Mortgage Trust's Shiller PE Ratio of today is 9.30.

During the past 13 years, the highest Shiller PE Ratio of Blackstone Mortgage Trust was 11.18. The lowest was 0.93. And the median was 3.56.


Blackstone Mortgage Trust E10 Historical Data

The historical data trend for Blackstone Mortgage Trust'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.

Blackstone Mortgage Trust E10 Chart

Blackstone Mortgage Trust 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 22.84 10.83 2.20 2.45 2.16

Blackstone Mortgage Trust 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 2.45 2.38 2.27 2.18 2.16

Competitive Comparison of Blackstone Mortgage Trust's E10

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust'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.


Blackstone Mortgage Trust's Shiller PE Ratio Distribution in the REITs Industry

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

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



Blackstone Mortgage Trust 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, Blackstone Mortgage Trust'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)
=0.22/133.1571*133.1571
=0.220

Current CPI (Dec. 2024) = 133.1571.

Blackstone Mortgage Trust Quarterly Data

per share eps CPI Adj_EPS
201503 0.600 99.621 0.802
201506 0.360 100.684 0.476
201509 0.720 100.392 0.955
201512 0.720 99.792 0.961
201603 0.610 100.470 0.808
201606 0.670 101.688 0.877
201609 0.690 101.861 0.902
201612 0.560 101.863 0.732
201703 0.540 102.862 0.699
201706 0.530 103.349 0.683
201709 0.610 104.136 0.780
201712 0.590 104.011 0.755
201803 0.560 105.290 0.708
201806 0.660 106.317 0.827
201809 0.670 106.507 0.838
201812 0.600 105.998 0.754
201903 0.620 107.251 0.770
201906 0.590 108.070 0.727
201909 0.560 108.329 0.688
201912 0.590 108.420 0.725
202003 -0.390 108.902 -0.477
202006 0.130 108.767 0.159
202009 0.610 109.815 0.740
202012 0.580 109.897 0.703
202103 0.540 111.754 0.643
202106 0.890 114.631 1.034
202109 0.560 115.734 0.644
202112 0.770 117.630 0.872
202203 0.580 121.301 0.637
202206 0.540 125.017 0.575
202209 0.590 125.227 0.627
202212 -0.280 125.222 -0.298
202303 0.670 127.348 0.701
202306 0.580 128.729 0.600
202309 0.170 129.860 0.174
202312 -0.010 129.419 -0.010
202403 -0.710 131.776 -0.717
202406 -0.350 132.554 -0.352
202409 -0.320 133.029 -0.320
202412 0.220 133.157 0.220

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


Blackstone Mortgage Trust  (NYSE:BXMT) 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.

Blackstone Mortgage Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.09/2.16
=9.30

* 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 Blackstone Mortgage Trust was 11.18. The lowest was 0.93. And the median was 3.56.


Be Aware

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


Blackstone Mortgage Trust E10 Related Terms

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


Blackstone Mortgage Trust Business Description

Traded in Other Exchanges
Address
345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is a real estate finance company involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.
Executives
Marone Anthony F. Jr officer: Chief Financial Officer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Henry N Nassau director 435 DEVON PARK DR, BLDG 600, WAYNE PA 19087
Katharine A Keenan director, officer: CEO & President C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Timothy Steven Johnson director C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Nnenna Lynch director 4040 WILSON BOULEVARD, SUITE1000, ARLINGTON VA 22203
Lynne B Sagalyn director
Leonard W Cotton director 625 MADISON AVENUE, NEW YORK NY 10022
Thomas E Dobrowski director MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Michael B. Nash director C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gilda Perez-alvarado director C/O SONDER HOLDINGS, INC., 101 15TH ST., SAN FRANCISCO CA 94103
Jonathan Lee Pollack director C/O BLACKSTONE MORTGAGE TRUST, INC., 345 PARK AVE., 42ND FLOOR, NEW YORK NY 10154
Douglas N. Armer officer: Principal and Treasurer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Stephen D Plavin director, officer: CEO OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY SUITE 350, ANN ARBOR MI 48108
Thomas C Ruffing officer: CCO, Head of Asset Management C/O CAPITAL TRUST, INC. 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Paul D Quinlan officer: Chief Financial Officer C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154