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Gladstone Commercial Corp  (NAS:GOOD) E10: $-0.07 (As of Sep. 2017)

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.

Gladstone Commercial Corp's adjusted earnings per share data for the three months ended in Sep. 2017 was $-0.010. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.07 for the trailing ten years ended in Sep. 2017.

As of today, Gladstone Commercial Corp's current stock price is $22.57. Gladstone Commercial Corp's E10 for the quarter that ended in Sep. 2017 was $-0.07. Gladstone Commercial Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Gladstone Commercial Corp was 1635.00. The lowest was 0.00. And the median was 250.93.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Gladstone Commercial Corp Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.17 0.07 0.00 -0.05

Gladstone Commercial Corp Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
E10 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 Premium Member Only Premium Member Only Premium Member Only -0.05 -0.05 -0.05 -0.06 -0.07

Competitive Comparison
* 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.


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.

For example, Gladstone Commercial Corp's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=-0.01/246.819*246.819
=-0.010

Current CPI (Sep. 2017) = 246.819.

Gladstone Commercial Corp Quarterly Data

per share eps CPI Adj_EPS
200712 0.050 210.036 0.059
200803 0.050 213.528 0.058
200806 0.020 218.815 0.023
200809 0.010 218.783 0.011
200812 0.020 210.228 0.023
200903 0.010 212.709 0.012
200906 0.010 215.693 0.011
200909 0.030 215.969 0.034
200912 0.010 215.949 0.011
201003 0.010 217.631 0.011
201006 0.000 217.965 0.000
201009 0.120 218.439 0.136
201012 -0.030 219.179 -0.034
201103 0.050 223.467 0.055
201106 0.040 225.722 0.044
201109 0.070 226.889 0.076
201112 0.000 225.672 0.000
201203 0.020 229.392 0.022
201206 -0.020 229.478 -0.022
201209 -0.010 231.407 -0.011
201212 -0.041 229.601 -0.044
201303 -0.060 232.773 -0.064
201306 -0.050 233.504 -0.053
201309 -0.060 234.149 -0.063
201312 -0.060 233.049 -0.064
201403 -0.930 236.293 -0.971
201406 0.005 238.343 0.005
201409 -0.052 238.031 -0.054
201412 0.319 234.812 0.335
201503 -0.030 236.119 -0.031
201506 -0.040 238.638 -0.041
201509 -0.060 237.945 -0.062
201512 0.059 236.525 0.062
201603 -0.020 238.132 -0.021
201606 -0.030 241.018 -0.031
201609 -0.100 241.428 -0.102
201612 -0.010 241.432 -0.010
201703 0.070 243.801 0.071
201706 -0.080 244.955 -0.081
201709 -0.010 246.819 -0.010

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

Gladstone Commercial Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.57/-0.07
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Gladstone Commercial Corp was 1635.00. The lowest was 0.00. And the median was 250.93.


Be Aware

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


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