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CNNRF (Canadian Net REIT) E10 : $0.36 (As of Sep. 2024)


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What is Canadian Net REIT 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 Net REIT's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.466. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.36 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Canadian Net REIT's average E10 Growth Rate was 11.40% per year. During the past 3 years, the average E10 Growth Rate was 15.40% per year. During the past 5 years, the average E10 Growth Rate was 18.50% 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 Net REIT was 56.50% per year. The lowest was 15.40% per year. And the median was 23.10% per year.

As of today (2025-03-04), Canadian Net REIT's current stock price is $3.615. Canadian Net REIT's E10 for the quarter that ended in Sep. 2024 was $0.36. Canadian Net REIT's Shiller PE Ratio of today is 10.04.

During the past 13 years, the highest Shiller PE Ratio of Canadian Net REIT was 101.67. The lowest was 10.47. And the median was 23.34.


Canadian Net REIT E10 Historical Data

The historical data trend for Canadian Net REIT'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 Net REIT E10 Chart

Canadian Net REIT 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 - - - 0.31 0.30

Canadian Net REIT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 0.34 0.30 0.34 0.33 0.36

Competitive Comparison of Canadian Net REIT's E10

For the REIT - Diversified subindustry, Canadian Net REIT'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 Net REIT's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Canadian Net REIT's Shiller PE Ratio falls into.



Canadian Net REIT 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 Net REIT's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.466/127.2847*127.2847
=0.466

Current CPI (Sep. 2024) = 127.2847.

Canadian Net REIT Quarterly Data

per share eps CPI Adj_EPS
201412 -0.023 98.367 -0.030
201503 0.025 99.789 0.032
201506 0.099 100.500 0.125
201509 0.075 100.421 0.095
201512 0.007 99.947 0.009
201603 0.234 101.054 0.295
201606 -0.081 102.002 -0.101
201609 0.186 101.765 0.233
201612 0.076 101.449 0.095
201703 0.220 102.634 0.273
201706 0.038 103.029 0.047
201709 0.063 103.345 0.078
201712 0.199 103.345 0.245
201803 0.123 105.004 0.149
201806 0.024 105.557 0.029
201809 0.045 105.636 0.054
201812 -0.341 105.399 -0.412
201903 0.004 106.979 0.005
201906 0.010 107.690 0.012
201909 0.239 107.611 0.283
201912 -0.074 107.769 -0.087
202003 0.221 107.927 0.261
202006 0.109 108.401 0.128
202009 0.101 108.164 0.119
202012 0.032 108.559 0.038
202103 0.010 110.298 0.012
202106 0.291 111.720 0.332
202109 0.438 112.905 0.494
202112 0.287 113.774 0.321
202203 0.057 117.646 0.062
202206 0.071 120.806 0.075
202209 -0.020 120.648 -0.021
202212 -0.333 120.964 -0.350
202303 0.171 122.702 0.177
202306 0.220 124.203 0.225
202309 0.109 125.230 0.111
202312 0.158 125.072 0.161
202403 0.045 126.258 0.045
202406 -0.316 127.522 -0.315
202409 0.466 127.285 0.466

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


Canadian Net REIT  (OTCPK:CNNRF) 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 Net REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.615/0.36
=10.04

* 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 Net REIT was 101.67. The lowest was 10.47. And the median was 23.34.


Be Aware

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


Canadian Net REIT E10 Related Terms

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


Canadian Net REIT Business Description

Traded in Other Exchanges
Address
106 Gun Avenue, A/S Jason Parravano, Pointe Claire, QC, CAN, H9R 3X3
Canadian Net REIT is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties. The Trust operates in one segment, commercial real estate located in Canada.