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Artis Real Estate Investment Trust (FRA:5G6) E10 : €0.13 (As of Dec. 2024)


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What is Artis Real Estate Investment Trust 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.

Artis Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2024 was €-0.208. 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 Dec. 2024.

During the past 12 months, Artis Real Estate Investment Trust's average E10 Growth Rate was -53.70% per year. During the past 3 years, the average E10 Growth Rate was -46.10% per year. During the past 5 years, the average E10 Growth Rate was -31.90% per year. During the past 10 years, the average E10 Growth Rate was -8.80% 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 Artis Real Estate Investment Trust was 17.50% per year. The lowest was -46.10% per year. And the median was 2.00% per year.

As of today (2025-03-18), Artis Real Estate Investment Trust's current stock price is €4.765. Artis Real Estate Investment Trust's E10 for the quarter that ended in Dec. 2024 was €0.13. Artis Real Estate Investment Trust's Shiller PE Ratio of today is 36.65.

During the past 13 years, the highest Shiller PE Ratio of Artis Real Estate Investment Trust was 40.89. The lowest was 4.81. And the median was 10.91.


Artis Real Estate Investment Trust E10 Historical Data

The historical data trend for Artis Real Estate Investment Trust'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.

Artis Real Estate Investment Trust E10 Chart

Artis Real Estate Investment Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 0.81 0.59 0.27 0.13

Artis Real Estate Investment Trust Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 0.27 0.25 0.22 0.18 0.13

Competitive Comparison of Artis Real Estate Investment Trust's E10

For the REIT - Diversified subindustry, Artis Real Estate Investment Trust'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.


Artis Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Artis Real Estate Investment Trust's Shiller PE Ratio falls into.



Artis Real Estate Investment Trust 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, Artis Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.208/127.3637*127.3637
=-0.208

Current CPI (Dec. 2024) = 127.3637.

Artis Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201503 -0.095 99.789 -0.121
201506 0.267 100.500 0.338
201509 -0.134 100.421 -0.170
201512 -0.977 99.947 -1.245
201603 0.163 101.054 0.205
201606 0.124 102.002 0.155
201609 0.326 101.765 0.408
201612 -0.178 101.449 -0.223
201703 0.335 102.634 0.416
201706 0.147 103.029 0.182
201709 0.273 103.345 0.336
201712 0.212 103.345 0.261
201803 0.182 105.004 0.221
201806 0.293 105.557 0.354
201809 0.085 105.636 0.102
201812 0.007 105.399 0.008
201903 0.086 106.979 0.102
201906 0.067 107.690 0.079
201909 0.192 107.611 0.227
201912 0.137 107.769 0.162
202003 -0.551 107.927 -0.650
202006 0.236 108.401 0.277
202009 0.193 108.164 0.227
202012 0.135 108.559 0.158
202103 0.334 110.298 0.386
202106 1.094 111.720 1.247
202109 0.188 112.905 0.212
202112 0.318 113.774 0.356
202203 1.363 117.646 1.476
202206 -0.155 120.806 -0.163
202209 -0.651 120.648 -0.687
202212 -0.771 120.964 -0.812
202303 -0.157 122.702 -0.163
202306 -0.542 124.203 -0.556
202309 -0.893 125.230 -0.908
202312 -0.574 125.072 -0.585
202403 -0.068 126.258 -0.069
202406 -0.020 127.522 -0.020
202409 -0.093 127.285 -0.093
202412 -0.208 127.364 -0.208

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


Artis Real Estate Investment Trust  (FRA:5G6) 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.

Artis Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.765/0.13
=36.65

* 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 Artis Real Estate Investment Trust was 40.89. The lowest was 4.81. And the median was 10.91.


Be Aware

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


Artis Real Estate Investment Trust E10 Related Terms

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


Artis Real Estate Investment Trust Business Description

Address
220 Portage Avenue, Suite 600, Winnipeg, MB, CAN, R3C 0A5
Artis Real Estate Investment Trust is an unincorporated closed-end REIT based in Canada. Artis REIT's portfolio comprises properties located in Central and Western Canada and selects markets throughout the United States, including regions such as Alberta, British Columbia, Manitoba, Ontario, Saskatchewan, Arizona, Minnesota, Colorado, New York, and Wisconsin. The properties are divided into three categories: office, retail, and industrial. The industrial properties account for most of the portfolio, followed by the office properties and the retail properties.

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