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W.P. Carey (FRA:WPY) E10 : €2.65 (As of Sep. 2024)


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What is W.P. Carey 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.

W.P. Carey's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.65 for the trailing ten years ended in Sep. 2024.

During the past 12 months, W.P. Carey's average E10 Growth Rate was -0.30% per year. During the past 3 years, the average E10 Growth Rate was 6.40% per year. During the past 5 years, the average E10 Growth Rate was 4.50% per year. During the past 10 years, the average E10 Growth Rate was 3.40% 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 W.P. Carey was 11.20% per year. The lowest was 0.50% per year. And the median was 3.60% per year.

As of today (2024-12-14), W.P. Carey's current stock price is €54.14. W.P. Carey's E10 for the quarter that ended in Sep. 2024 was €2.65. W.P. Carey's Shiller PE Ratio of today is 20.43.

During the past 13 years, the highest Shiller PE Ratio of W.P. Carey was 38.12. The lowest was 17.26. And the median was 28.43.


W.P. Carey E10 Historical Data

The historical data trend for W.P. Carey'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.

W.P. Carey E10 Chart

W.P. Carey 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 2.12 2.01 2.16 2.56 2.72

W.P. Carey 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 2.81 2.72 2.71 2.73 2.65

Competitive Comparison of W.P. Carey's E10

For the REIT - Diversified subindustry, W.P. Carey'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.


W.P. Carey's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, W.P. Carey's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where W.P. Carey's Shiller PE Ratio falls into.



W.P. Carey 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, W.P. Carey'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)
=0.46/133.0289*133.0289
=0.460

Current CPI (Sep. 2024) = 133.0289.

W.P. Carey Quarterly Data

per share eps CPI Adj_EPS
201412 0.243 99.070 0.326
201503 0.314 99.621 0.419
201506 0.526 100.684 0.695
201509 0.178 100.392 0.236
201512 0.441 99.792 0.588
201603 0.485 100.470 0.642
201606 0.427 101.688 0.559
201609 0.918 101.861 1.199
201612 0.417 101.863 0.545
201703 0.496 102.862 0.641
201706 0.525 103.349 0.676
201709 0.621 104.136 0.793
201712 0.583 104.011 0.746
201803 0.487 105.290 0.615
201806 0.599 106.317 0.749
201809 0.608 106.507 0.759
201812 1.169 105.998 1.467
201903 0.363 107.251 0.450
201906 0.336 108.070 0.414
201909 0.218 108.329 0.268
201912 0.675 108.420 0.828
202003 0.344 108.902 0.420
202006 0.542 108.767 0.663
202009 0.722 109.815 0.875
202012 0.625 109.897 0.757
202103 0.244 111.754 0.290
202106 0.556 114.631 0.645
202109 0.629 115.734 0.723
202112 0.469 117.630 0.530
202203 0.745 121.301 0.817
202206 0.624 125.017 0.664
202209 0.515 125.227 0.547
202212 0.944 125.222 1.003
202303 1.298 127.348 1.356
202306 0.618 128.729 0.639
202309 0.543 129.860 0.556
202312 0.605 129.419 0.622
202403 0.662 131.776 0.668
202406 0.604 132.554 0.606
202409 0.460 133.029 0.460

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


W.P. Carey  (FRA:WPY) 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.

W.P. Carey's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=54.14/2.65
=20.43

* 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 W.P. Carey was 38.12. The lowest was 17.26. And the median was 28.43.


Be Aware

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


W.P. Carey E10 Related Terms

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


W.P. Carey Business Description

Traded in Other Exchanges
Address
One Manhattan West, 395 9th Avenue, 58th Floor, New York, NY, USA, 10001
W.P. Carey Inc is a real estate investment trust principally involved in the ownership of properties located in the U.S., Western Europe, and Northern Europe. W.P. Carey organizes its operations into Real Estate and Investment Management segments. The vast majority of the company's income is derived from its Real Estate division in the form of lease revenue from long-term agreements with companies. W.P. Carey's real estate portfolio is primarily comprised of single-tenant office, industrial, warehouse, and retail facilities located around the world. most of the company's revenue comes from properties in the USA. The company's Investment Management unit generates revenue from providing real estate advisory and portfolio management services to other REITs.

W.P. Carey Headlines

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