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Canadian Apartment Properties Real Estate Investment Trust E10 : $3.81 (As of Dec. 2023)


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What is Canadian Apartment Properties Real Estate Investment 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.

Canadian Apartment Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.039. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.81 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Canadian Apartment Properties Real Estate Investment Trust's average E10 Growth Rate was -6.90% per year. During the past 3 years, the average E10 Growth Rate was -0.10% per year. During the past 5 years, the average E10 Growth Rate was 2.30% per year. During the past 10 years, the average E10 Growth Rate was 12.50% 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 Canadian Apartment Properties Real Estate Investment Trust was 56.00% per year. The lowest was -0.10% per year. And the median was 17.65% per year.

As of today (2024-05-02), Canadian Apartment Properties Real Estate Investment Trust's current stock price is $31.39. Canadian Apartment Properties Real Estate Investment Trust's E10 for the quarter that ended in Dec. 2023 was $3.81. Canadian Apartment Properties Real Estate Investment Trust's Shiller PE Ratio of today is 8.24.

During the past 13 years, the highest Shiller PE Ratio of Canadian Apartment Properties Real Estate Investment Trust was 14.80. The lowest was 7.32. And the median was 11.04.


Canadian Apartment Properties Real Estate Investment Trust E10 Historical Data

The historical data trend for Canadian Apartment Properties Real Estate Investment 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.

Canadian Apartment Properties Real Estate Investment Trust E10 Chart

Canadian Apartment Properties Real Estate Investment Trust 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 4.06 3.96 4.43 3.99 3.81

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.99 3.95 3.97 3.80 3.81

Competitive Comparison of Canadian Apartment Properties Real Estate Investment Trust's E10

For the REIT - Residential subindustry, Canadian Apartment Properties Real Estate Investment 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.


Canadian Apartment Properties Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Canadian Apartment Properties Real Estate Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Canadian Apartment Properties Real Estate Investment Trust's Shiller PE Ratio falls into.



Canadian Apartment Properties Real Estate Investment 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, Canadian Apartment Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.039/125.4675*125.4675
=0.039

Current CPI (Dec. 2023) = 125.4675.

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201403 0.371 98.604 0.472
201406 0.603 99.473 0.761
201409 0.959 99.394 1.211
201412 0.620 98.367 0.791
201503 0.371 99.789 0.466
201506 1.083 100.500 1.352
201509 -0.024 100.421 -0.030
201512 0.806 99.947 1.012
201603 0.503 101.054 0.625
201606 0.586 102.002 0.721
201609 0.744 101.765 0.917
201612 0.686 101.449 0.848
201703 0.770 102.634 0.941
201706 0.563 103.029 0.686
201709 1.273 103.345 1.546
201712 2.136 103.345 2.593
201803 0.553 105.004 0.661
201806 1.375 105.557 1.634
201809 0.629 105.636 0.747
201812 3.791 105.399 4.513
201903 1.006 106.979 1.180
201906 0.793 107.690 0.924
201909 1.551 107.611 1.808
201912 2.315 107.769 2.695
202003 0.334 107.927 0.388
202006 0.264 108.401 0.306
202009 1.317 108.164 1.528
202012 2.201 108.559 2.544
202103 0.478 110.298 0.544
202106 2.139 111.720 2.402
202109 0.863 112.905 0.959
202112 2.824 113.774 3.114
202203 0.203 117.646 0.216
202206 -1.112 120.806 -1.155
202209 0.271 120.648 0.282
202212 0.654 120.964 0.678
202303 -0.442 122.702 -0.452
202306 0.177 124.203 0.179
202309 -1.562 125.230 -1.565
202312 0.039 125.468 0.039

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


Canadian Apartment Properties Real Estate Investment Trust  (OTCPK:CDPYF) 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.

Canadian Apartment Properties Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=31.39/3.81
=8.24

* 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 Canadian Apartment Properties Real Estate Investment Trust was 14.80. The lowest was 7.32. And the median was 11.04.


Be Aware

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


Canadian Apartment Properties Real Estate Investment Trust E10 Related Terms

Thank you for viewing the detailed overview of Canadian Apartment Properties Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Canadian Apartment Properties Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
11 Church Street, Suite 401, Toronto, ON, CAN, M5E 1W1
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

Canadian Apartment Properties Real Estate Investment Trust Headlines

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