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CYS Investments (CYS Investments) E10 : $1.28 (As of Mar. 2018)


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What is CYS 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.

CYS Investments's adjusted earnings per share data for the three months ended in Mar. 2018 was $-0.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.28 for the trailing ten years ended in Mar. 2018.

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 (2024-05-04), CYS Investments's current stock price is $7.31. CYS Investments's E10 for the quarter that ended in Mar. 2018 was $1.28. CYS Investments's Shiller PE Ratio of today is 5.71.


CYS Investments E10 Historical Data

The historical data trend for CYS 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.

CYS Investments E10 Chart

CYS Investments Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.74

CYS Investments Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 - - - 0.74 1.28

Competitive Comparison of CYS Investments's E10

For the REIT - Diversified subindustry, CYS 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.


CYS Investments's Shiller PE Ratio Distribution in the REITs Industry

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

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



CYS 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, CYS Investments's adjusted earnings per share data for the three months ended in Mar. 2018 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2018 (Change)*Current CPI (Mar. 2018)
=-0.74/105.2895*105.2895
=-0.740

Current CPI (Mar. 2018) = 105.2895.

CYS Investments Quarterly Data

per share eps CPI Adj_EPS
200806 1.840 92.320 2.098
200809 -1.190 92.307 -1.357
200812 -1.150 88.697 -1.365
200903 1.700 89.744 1.994
200906 2.220 91.003 2.569
200909 1.280 91.120 1.479
200912 -0.100 91.111 -0.116
201003 0.540 91.821 0.619
201006 1.460 91.962 1.672
201009 0.050 92.162 0.057
201012 -1.010 92.474 -1.150
201103 0.740 94.283 0.826
201106 1.200 95.235 1.327
201109 1.160 95.727 1.276
201112 0.510 95.213 0.564
201203 0.660 96.783 0.718
201206 0.870 96.819 0.946
201209 1.460 97.633 1.574
201212 -0.550 96.871 -0.598
201303 -0.100 98.209 -0.107
201306 -2.320 98.518 -2.479
201309 0.140 98.790 0.149
201312 -0.610 98.326 -0.653
201403 0.780 99.695 0.824
201406 0.950 100.560 0.995
201409 0.120 100.428 0.126
201412 0.660 99.070 0.701
201503 0.310 99.621 0.328
201506 -0.660 100.684 -0.690
201509 0.200 100.392 0.210
201512 -0.020 99.792 -0.021
201603 0.370 100.470 0.388
201606 0.340 101.688 0.352
201609 0.490 101.861 0.506
201612 -1.230 101.863 -1.271
201703 0.190 102.862 0.194
201706 0.300 103.349 0.306
201709 0.540 104.136 0.546
201712 0.020 104.011 0.020
201803 -0.740 105.290 -0.740

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


CYS Investments  (NYSE:CYS) 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.

CYS Investments's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7.31/1.28
=5.71

* 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.


Be Aware

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


CYS Investments E10 Related Terms

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


CYS Investments (CYS Investments) Business Description

Traded in Other Exchanges
N/A
Address
CYS Investments Inc is a specialty finance company with the objective of risk-adjusted investment income. The company generates its revenue primarily from the difference between the interest income earned on the investment portfolio and the cost of the company's borrowings and hedging activities. The company's investments include residential mortgage pass-through securities, for which the principal and interest payments are guaranteed by a government agency or government-sponsored entity; collateralised mortgage obligations issued by a government agency or government-sponsored entity; U.S. Treasuries; and debt securities issued by a government agency or a government-sponsored entity that is not backed by collateral.
Executives
Redlingshafer Raymond A Jr director 1301 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Dale Anne Reiss director 589 KINZIE ISLAND COURT, SANIBEL FL 33957
James A Stern director C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Kevin E Grant director, officer: Chairman, CEO, CIO, President 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Thomas A Rosenbloom officer: EVP, GC, and Secretary 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Richard E Cleary officer: COO and Assistant Secretary 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Tanya S Beder director 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Jack Decicco officer: CFO and Treasurer 500 TOTTEN POND ROAD, 6TH FLOOR, WALTHAM MA 02451
Karen Hammond director 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen P. Jonas director 25 BEAVER PLACE, BOSTON MA 02108
David A Tyson director CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE 4TH FL, STAMFORD CT 06902
Jeffrey Hughes director 811 HANSEN WAY, PALO ALTO CA 94303
Frances Spark officer: CFO and Treasurer C/O AGNC INVESTMENT CORP., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
Douglas Ii Crocker director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Ryan Randall Brenneman officer: Chief Accounting Officer C/O EYEGATE PHARMACEUTICALS, INC., 271 WAVERLEY OAKS ROAD, SUITE 108, WALTHAM MA 02452