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Apollo Commercial Real Estate Finance (FRA:9A1) E10 : €1.15 (As of Sep. 2024)


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What is Apollo Commercial Real Estate Finance 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.

Apollo Commercial Real Estate Finance's adjusted earnings per share data for the three months ended in Sep. 2024 was €-0.622. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.15 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Apollo Commercial Real Estate Finance's average E10 Growth Rate was -17.90% per year. During the past 3 years, the average E10 Growth Rate was 1.10% 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 Apollo Commercial Real Estate Finance was 1.10% per year. The lowest was 1.10% per year. And the median was 1.10% per year.

As of today (2024-12-13), Apollo Commercial Real Estate Finance's current stock price is €8.816. Apollo Commercial Real Estate Finance's E10 for the quarter that ended in Sep. 2024 was €1.15. Apollo Commercial Real Estate Finance's Shiller PE Ratio of today is 7.67.

During the past 13 years, the highest Shiller PE Ratio of Apollo Commercial Real Estate Finance was 12.69. The lowest was 3.59. And the median was 7.36.


Apollo Commercial Real Estate Finance E10 Historical Data

The historical data trend for Apollo Commercial Real Estate Finance'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.

Apollo Commercial Real Estate Finance E10 Chart

Apollo Commercial Real Estate Finance 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 1.41 1.25 1.39 1.51 1.42

Apollo Commercial Real Estate Finance 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 1.48 1.42 1.29 1.28 1.15

Competitive Comparison of Apollo Commercial Real Estate Finance's E10

For the REIT - Mortgage subindustry, Apollo Commercial Real Estate Finance'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.


Apollo Commercial Real Estate Finance's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Apollo Commercial Real Estate Finance's Shiller PE Ratio falls into.



Apollo Commercial Real Estate Finance 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, Apollo Commercial Real Estate Finance'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)
=-0.622/133.0289*133.0289
=-0.622

Current CPI (Sep. 2024) = 133.0289.

Apollo Commercial Real Estate Finance Quarterly Data

per share eps CPI Adj_EPS
201412 0.341 99.070 0.458
201503 0.434 99.621 0.580
201506 0.347 100.684 0.458
201509 0.347 100.392 0.460
201512 0.294 99.792 0.392
201603 0.162 100.470 0.214
201606 0.053 101.688 0.069
201609 0.740 101.861 0.966
201612 0.569 101.863 0.743
201703 0.383 102.862 0.495
201706 0.249 103.349 0.321
201709 0.453 104.136 0.579
201712 0.270 104.011 0.345
201803 0.308 105.290 0.389
201806 0.334 106.317 0.418
201809 0.343 106.507 0.428
201812 0.299 105.998 0.375
201903 0.381 107.251 0.473
201906 0.327 108.070 0.403
201909 0.145 108.329 0.178
201912 0.378 108.420 0.464
202003 -0.778 108.902 -0.950
202006 0.320 108.767 0.391
202009 0.263 109.815 0.319
202012 0.173 109.897 0.209
202103 0.311 111.754 0.370
202106 0.349 114.631 0.405
202109 0.323 115.734 0.371
202112 0.212 117.630 0.240
202203 0.073 121.301 0.080
202206 0.416 125.017 0.443
202209 1.141 125.227 1.212
202212 -0.057 125.222 -0.061
202303 0.299 127.348 0.312
202306 -0.572 128.729 -0.591
202309 0.281 129.860 0.288
202312 0.270 129.419 0.278
202403 -0.699 131.776 -0.706
202406 0.214 132.554 0.215
202409 -0.622 133.029 -0.622

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


Apollo Commercial Real Estate Finance  (FRA:9A1) 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.

Apollo Commercial Real Estate Finance's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.816/1.15
=7.67

* 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 Apollo Commercial Real Estate Finance was 12.69. The lowest was 3.59. And the median was 7.36.


Be Aware

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


Apollo Commercial Real Estate Finance E10 Related Terms

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


Apollo Commercial Real Estate Finance Business Description

Traded in Other Exchanges
Address
c/o Apollo Global Management, Inc, 9 West 57th Street, 42nd Floor, New York, NY, USA, 10019
Apollo Commercial Real Estate Finance Inc is a real estate investment trust that primarily originates, invests in, acquires, and manages commercial first-mortgage loans, subordinate financings, commercial mortgage-backed securities, and other real estate-related debt investments. The subordinate loans and first-mortgage loans account for the vast majority of the portfolio on a cost basis. Property types include residential, retail, healthcare, office, mixed-use, hotel, industrial, multifamily, securities, and other, with residential properties and hotels representing the highest property value. More than a third of the properties are located in New York City, with the other properties located across other regions of the United States, as well as other countries.

Apollo Commercial Real Estate Finance Headlines

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