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Carlyle Secured Lending (Carlyle Secured Lending) E10 : $1.36 (As of Dec. 2023)


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What is Carlyle Secured Lending 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.

Carlyle Secured Lending's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.36 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Carlyle Secured Lending's average E10 Growth Rate was 16.20% 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 (2024-04-29), Carlyle Secured Lending's current stock price is $17.09. Carlyle Secured Lending's E10 for the quarter that ended in Dec. 2023 was $1.36. Carlyle Secured Lending's Shiller PE Ratio of today is 12.57.

During the past 12 years, the highest Shiller PE Ratio of Carlyle Secured Lending was 13.39. The lowest was 10.15. And the median was 11.76.


Carlyle Secured Lending E10 Historical Data

The historical data trend for Carlyle Secured Lending'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.

Carlyle Secured Lending E10 Chart

Carlyle Secured Lending 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 - - - 1.17 1.36

Carlyle Secured Lending 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 1.17 1.21 1.25 1.32 1.36

Competitive Comparison of Carlyle Secured Lending's E10

For the Asset Management subindustry, Carlyle Secured Lending'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.


Carlyle Secured Lending's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Carlyle Secured Lending's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Carlyle Secured Lending's Shiller PE Ratio falls into.



Carlyle Secured Lending 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, Carlyle Secured Lending'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)
=0.53/129.4194*129.4194
=0.530

Current CPI (Dec. 2023) = 129.4194.

Carlyle Secured Lending Quarterly Data

per share eps CPI Adj_EPS
201403 0.117 99.695 0.152
201406 0.133 100.560 0.171
201409 0.027 100.428 0.035
201412 -0.114 99.070 -0.149
201503 0.285 99.621 0.370
201506 0.268 100.684 0.344
201509 0.281 100.392 0.362
201512 -0.290 99.792 -0.376
201603 -0.079 100.470 -0.102
201606 0.754 101.688 0.960
201609 0.848 101.861 1.077
201612 0.506 101.863 0.643
201703 0.265 102.862 0.333
201706 0.340 103.349 0.426
201709 0.410 104.136 0.510
201712 0.440 104.011 0.547
201803 0.340 105.290 0.418
201806 0.210 106.317 0.256
201809 0.100 106.507 0.122
201812 -0.020 105.998 -0.024
201903 0.550 107.251 0.664
201906 0.160 108.070 0.192
201909 -0.150 108.329 -0.179
201912 0.460 108.420 0.549
202003 -2.120 108.902 -2.519
202006 0.940 108.767 1.118
202009 0.550 109.815 0.648
202012 0.660 109.897 0.777
202103 0.600 111.754 0.695
202106 0.720 114.631 0.813
202109 0.800 115.734 0.895
202112 0.580 117.630 0.638
202203 0.530 121.301 0.565
202206 0.070 125.017 0.072
202209 0.660 125.227 0.682
202212 0.220 125.222 0.227
202303 0.500 127.348 0.508
202306 0.080 128.729 0.080
202309 0.540 129.860 0.538
202312 0.530 129.419 0.530

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


Carlyle Secured Lending  (NAS:CGBD) 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.

Carlyle Secured Lending's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=17.09/1.36
=12.57

* 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 12 years, the highest Shiller P/E Ratio of Carlyle Secured Lending was 13.39. The lowest was 10.15. And the median was 11.76.


Be Aware

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


Carlyle Secured Lending E10 Related Terms

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


Carlyle Secured Lending (Carlyle Secured Lending) Business Description

Traded in Other Exchanges
Address
One Vanderbilt Avenue, Suite 3400, New York, NY, USA, 10017
Carlyle Secured Lending Inc focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies primarily located in the United States. The company's investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle-market companies.
Executives
Alexander Popov officer: VP and Head of Illiquid Credit ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Aren C. Leekong director C/O THE CARLYLE GROUP, ONE VANBERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Thomas M Hennigan officer: CFO C/O THE CARLYLE GROUP, 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Nelson Joseph officer: PAO ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Michael Hadley officer: VP and Head of Underwriting ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Desiree Annunziato officer: Treasurer & PAO ONE VANDERBILT AVENUE, SUITE 3400, NEW YORK NY 10017
Mark David Jenkins director C/O THE CARLYLE GROUP, 520 MADISON AVE, 38TH FLOOR, NEW YORK NY 10022
John G. Nestor director C/O ESSEX RENTAL CORP., 1110 LAKE COOK ROAD, SUITE 220, BUFFALO GROVE IL 60089
Jonathan Pearl officer: VP & Head of Sponsor Coverage ONE VANDERBILT AVE, SUITE 3400, NEW YORK NY 10017
Taylor Boswell officer: Chief Investment Officer C/O THE CARLYLE GROUP, 520 MADISON AVE, 40TH FLOOR, NEW YORK NY 10022
Leslie E Bradford director C/O THE CARLYLE GROUP, 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Linda Pace officer: President C/O THE CARLYLE GROUP, 520 MADISON AVENU, 40TH FLOOR, NEW YORK NY 10022
Wright William H Ii director C/O VIRTUS INVESTMENT PARTNERS, 100 PEARL STREET, HARTFORD CT 06103
Peter Gaunt officer: Treasurer & PAO C/O THE CARLYLE GROUP, 520 MADISON AVE, 41ST FLOOR, NEW YORK NY 10022
Michele Reing officer: Treasurer C/O THE CARLYLE GROUP, 520 MADISON AVE, FLOOR 38, NEW YORK NY 10022

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