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Vastned Belgium (CHIX:VASTBB) E10 : €2.57 (As of Mar. 2024)


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What is Vastned Belgium 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.

Vastned Belgium's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.840. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.57 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was -8.40% 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 Vastned Belgium was -8.40% per year. The lowest was -8.40% per year. And the median was -8.40% per year.

As of today (2024-05-17), Vastned Belgium's current stock price is €24.20. Vastned Belgium's E10 for the quarter that ended in Mar. 2024 was €2.57. Vastned Belgium's Shiller PE Ratio of today is 9.42.

During the past 13 years, the highest Shiller PE Ratio of Vastned Belgium was 12.21. The lowest was 5.41. And the median was 9.73.


Vastned Belgium E10 Historical Data

The historical data trend for Vastned Belgium'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.

Vastned Belgium E10 Chart

Vastned Belgium Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 4.04 3.46 2.38 2.50

Vastned Belgium Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
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 2.50 2.40 2.64 2.70 2.57

Competitive Comparison of Vastned Belgium's E10

For the REIT - Retail subindustry, Vastned Belgium'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.


Vastned Belgium's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Vastned Belgium's Shiller PE Ratio falls into.



Vastned Belgium 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, Vastned Belgium's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.84/130.5518*130.5518
=0.840

Current CPI (Mar. 2024) = 130.5518.

Vastned Belgium Quarterly Data

per share eps CPI Adj_EPS
201403 0.690 99.819 0.902
201406 0.620 99.482 0.814
201409 0.050 99.195 0.066
201412 2.670 99.086 3.518
201503 1.440 99.423 1.891
201506 0.708 100.107 0.923
201509 0.430 100.245 0.560
201512 0.430 100.572 0.558
201603 0.680 101.653 0.873
201606 0.850 102.267 1.085
201609 1.420 102.118 1.815
201612 1.090 102.614 1.387
201703 0.620 103.972 0.779
201706 3.460 103.902 4.347
201709 1.430 104.170 1.792
201712 1.320 104.804 1.644
201803 0.710 105.419 0.879
201806 0.540 106.063 0.665
201809 0.180 106.618 0.220
201812 0.000 107.252 0.000
201903 -0.920 107.876 -1.113
201906 0.610 107.896 0.738
201909 0.610 107.470 0.741
201912 0.550 108.065 0.664
202003 -0.410 108.550 -0.493
202006 -1.350 108.540 -1.624
202009 0.180 108.441 0.217
202012 -0.100 108.511 -0.120
202103 -0.350 109.522 -0.417
202106 0.278 110.305 0.329
202109 0.420 111.543 0.492
202112 0.460 114.705 0.524
202203 0.810 118.620 0.891
202206 0.810 120.948 0.874
202209 0.710 124.120 0.747
202212 0.520 126.578 0.536
202303 0.690 126.528 0.712
202306 0.730 125.973 0.757
202309 0.420 127.083 0.431
202403 0.840 130.552 0.840

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


Vastned Belgium  (CHIX:VASTBb) 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.

Vastned Belgium's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=24.20/2.57
=9.42

* 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 Vastned Belgium was 12.21. The lowest was 5.41. And the median was 9.73.


Be Aware

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


Vastned Belgium E10 Related Terms

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


Vastned Belgium (CHIX:VASTBB) Business Description

Traded in Other Exchanges
Address
Generaal Lemanstraat 74, Berchem, BEL, 2600
Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.

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