CDPYF E10: $3.35 (As of Mar. 2026)


CDPYF Canadian Apartment Properties Real Estate Investment Trust CDPYF
73 GF Score
Price $25.12
GF Value $31.61
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Canadian Apartment Properties Real Estate Investment Trust E10?

Canadian Apartment Properties Real Estate Investment Trust CDPYF +2.99% 73 E10 is $3.35 as of Mar. 2026. GuruFocus rates CDPYF with a GF Score™ of 73/100 and a GF Value™ of $31.61 (Modestly Undervalued). The stock has 8 warning signs investors should review.

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 Mar. 2026 was $-0.856. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.35 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Canadian Apartment Properties Real Estate Investment Trust's average E10 Growth Rate was -5.90% per year. During the past 3 years, the average E10 Growth Rate was -4.00% per year. During the past 5 years, the average E10 Growth Rate was -2.10% per year. During the past 10 years, the average E10 Growth Rate was 6.80% 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 -4.40% per year. And the median was 15.70% per year.

As of today (2026-06-26), Canadian Apartment Properties Real Estate Investment Trust's current stock price is $25.12. Canadian Apartment Properties Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2026 was $3.35. Canadian Apartment Properties Real Estate Investment Trust's Shiller PE Ratio of today is 7.50.

During the past 13 years, the highest Shiller PE Ratio of Canadian Apartment Properties Real Estate Investment Trust was 12.86. The lowest was 7.21. And the median was 9.91.


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
=25.12/3.35
=7.50

* 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 12.86. The lowest was 7.21. And the median was 9.91.


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


Canadian Apartment Properties Real Estate Investment Trust E10 Historical Data

* Premium members only.

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.

Canadian Apartment Properties Real Estate Investment Trust E10 Chart

Canadian Apartment Properties Real Estate Investment Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.43 3.99 3.79 3.40 3.47

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.44 3.56 3.46 3.47 3.35

CDPYF vs AVB, EQR, ESS: E10 Comparison

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 Shiller PE Ratio vs 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.


CDPYF
73GF Score
Canadian Apartment Properties Real Estate Investment Trust CDPYF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-0.856/132.2623*132.2623
=-0.856

Current CPI (Mar. 2026) = 132.2623.

Canadian Apartment Properties Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201606 0.586 102.002 0.760
201609 0.744 101.765 0.967
201612 0.686 101.449 0.894
201703 0.770 102.634 0.992
201706 0.563 103.029 0.723
201709 1.273 103.345 1.629
201712 2.136 103.345 2.734
201803 0.553 105.004 0.697
201806 1.375 105.557 1.723
201809 0.629 105.636 0.788
201812 3.791 105.399 4.757
201903 1.006 106.979 1.244
201906 0.793 107.690 0.974
201909 1.551 107.611 1.906
201912 2.315 107.769 2.841
202003 0.334 107.927 0.409
202006 0.264 108.401 0.322
202009 1.317 108.164 1.610
202012 2.202 108.559 2.683
202103 0.478 110.298 0.573
202106 2.139 111.720 2.532
202109 0.863 112.905 1.011
202112 2.824 113.774 3.283
202203 0.203 117.646 0.228
202206 -1.112 120.806 -1.217
202209 0.271 120.648 0.297
202212 0.654 120.964 0.715
202303 -0.442 122.702 -0.476
202306 0.177 124.203 0.188
202309 -1.562 125.230 -1.650
202312 0.039 125.072 0.041
202403 0.792 126.258 0.830
202406 0.482 127.522 0.500
202409 0.206 127.285 0.214
202412 -0.199 127.364 -0.207
202503 0.034 129.181 0.035
202506 0.339 129.892 0.345
202509 0.119 130.287 0.121
202512 0.403 130.366 0.409
202603 -0.856 132.262 -0.856

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of $3.35 mean?
Canadian Apartment Properties Real Estate Investment Trust (CDPYF) has a E10 of $3.35 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors.
Is Canadian Apartment Properties Real Estate Investment Trust's E10 too high?
Canadian Apartment Properties Real Estate Investment Trust's current E10 is $3.35. Overall, Canadian Apartment Properties Real Estate Investment Trust has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Apartment Properties Real Estate Investment Trust's E10 compare to AVB and EQR?
Canadian Apartment Properties Real Estate Investment Trust's E10 of $3.35 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a REITs company?
A good E10 depends on the REITs industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Canadian Apartment Properties Real Estate Investment Trust and its competitors. Canadian Apartment Properties Real Estate Investment Trust's current E10 is $3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Apartment Properties Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust (CDPYF) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.61, compared to a current price of $25.12 — trading 20.5% below its estimated fair value. The current E10 is $3.35. Canadian Apartment Properties Real Estate Investment Trust's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Canadian Apartment Properties Real Estate Investment Trust (CDPYF), the current E10 is $3.35 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian Apartment Properties Real Estate Investment Trust (CDPYF) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian Apartment Properties Real Estate Investment Trust stock appears to be undervalued. The current stock price of $25.12 is trading 20.5% below its estimated GF Value™ of $31.61. GuruFocus considers Canadian Apartment Properties Real Estate Investment Trust to be Modestly Undervalued.

Key valuation signals for CDPYF:

  • E10: $3.35
  • GF Value™: $31.61 vs. price of $25.12 (20.5% below fair value)
  • GF Score™: 73/100 with 8 warning signs

No single metric tells the full story. See the CDPYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian Apartment Properties Real Estate Investment Trust Business Description

Industry Real EstateREITs
Other Exchanges 0OJ:GermanyCAR.UN:Canada
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. It owns and manages interests in multi-unit residential rental properties, principally located in and near urban centres across Canada, and to a lesser extent, in the Netherlands. The company operates in the following reportable segments: Canada and Europe. The majority of its revenue is derived from its income-producing real estate properties located in Canada.
73GF Score

Get the complete analysis for CDPYF

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.12
Price
$31.61
GF Value