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Real Estate Credit Investments (CHIX:RECIL) E10 : £0.13 (As of Sep. 2024)


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What is Real Estate Credit Investments 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.

Real Estate Credit Investments's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was £0.096. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.13 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -10.30% per year. During the past 5 years, the average E10 Growth Rate was -9.70% 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 Real Estate Credit Investments was -1.60% per year. The lowest was -13.40% per year. And the median was -10.30% per year.

As of today (2024-12-12), Real Estate Credit Investments's current stock price is £ 1.28. Real Estate Credit Investments's E10 for the fiscal year that ended in Mar. 2024 was £0.13. Real Estate Credit Investments's Shiller PE Ratio of today is 9.85.

During the past 13 years, the highest Shiller PE Ratio of Real Estate Credit Investments was 10.27. The lowest was 5.05. And the median was 8.10.


Real Estate Credit Investments E10 Historical Data

The historical data trend for Real Estate Credit Investments'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.

Real Estate Credit Investments E10 Chart

Real Estate Credit Investments Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.18 0.20 0.13 0.13

Real Estate Credit Investments Quarterly Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 - 0.13 - 0.13 -

Competitive Comparison of Real Estate Credit Investments's E10

For the Asset Management subindustry, Real Estate Credit Investments'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.


Real Estate Credit Investments's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Real Estate Credit Investments's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Real Estate Credit Investments's Shiller PE Ratio falls into.



Real Estate Credit Investments 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, Real Estate Credit Investments's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.096/131.7762*131.7762
=0.096

Current CPI (Mar. 2024) = 131.7762.

Real Estate Credit Investments Annual Data

per_share_eps CPI Adj_EPS
201503 0.190 99.621 0.251
201603 0.120 100.470 0.157
201703 0.120 102.862 0.154
201803 0.130 105.290 0.163
201903 0.131 107.251 0.161
202003 -0.087 108.902 -0.105
202103 0.162 111.754 0.191
202203 0.107 121.301 0.116
202303 0.090 127.348 0.093
202403 0.096 131.776 0.096

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


Real Estate Credit Investments  (CHIX:RECIl) 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.

Real Estate Credit Investments's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1.28/0.13
=9.85

* 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 Real Estate Credit Investments was 10.27. The lowest was 5.05. And the median was 8.10.


Be Aware

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


Real Estate Credit Investments E10 Related Terms

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


Real Estate Credit Investments Business Description

Traded in Other Exchanges
Address
East Wing, Trafalgar Court, Les Banques, Saint Peter Port, GGY, GY1 3PP
Real Estate Credit Investments Ltd is a closed-ended company registered in Guernsey. Its investment objective is to provide leveraged exposure to a portfolio and stable returns in the form of quarterly dividends. The company seeks to ensure that its investment portfolio is geographically diverse and backed by a broad range of financial assets. It mainly invests in secured residential and commercial debt by exploiting opportunities in publicly traded securities and real estate loans. To achieve its objective, the company will invest in real estate debt investments such as securitized tranches of secured real estate-related debt securities. The company holds two reportable segments the Market Bond Portfolio, Equity Securities, and Bilateral Loan and Bond Portfolio.

Real Estate Credit Investments Headlines

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