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Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) E10 : ₺4.27 (As of Dec. 2023)


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What is Torunlar Gayrimenkul Yatirim Ortakligi AS 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's adjusted earnings per share data for the three months ended in Dec. 2023 was ₺10.635. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₺4.27 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Torunlar Gayrimenkul Yatirim Ortakligi AS's average E10 Growth Rate was 44.30% per year. During the past 3 years, the average E10 Growth Rate was 80.20% 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 Torunlar Gayrimenkul Yatirim Ortakligi AS was 80.20% per year. The lowest was 60.20% per year. And the median was 70.20% per year.

As of today (2024-06-11), Torunlar Gayrimenkul Yatirim Ortakligi AS's current stock price is ₺44.70. Torunlar Gayrimenkul Yatirim Ortakligi AS's E10 for the quarter that ended in Dec. 2023 was ₺4.27. Torunlar Gayrimenkul Yatirim Ortakligi AS's Shiller PE Ratio of today is 10.47.

During the past 13 years, the highest Shiller PE Ratio of Torunlar Gayrimenkul Yatirim Ortakligi AS was 13.59. The lowest was 2.03. And the median was 5.27.


Torunlar Gayrimenkul Yatirim Ortakligi AS E10 Historical Data

The historical data trend for Torunlar Gayrimenkul Yatirim Ortakligi AS'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.

Torunlar Gayrimenkul Yatirim Ortakligi AS E10 Chart

Torunlar Gayrimenkul Yatirim Ortakligi AS 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 0.72 0.73 1.29 2.96 4.27

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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 1.42 2.96 3.11 3.22 4.27

Competitive Comparison of Torunlar Gayrimenkul Yatirim Ortakligi AS's E10

For the REIT - Retail subindustry, Torunlar Gayrimenkul Yatirim Ortakligi AS'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.


Torunlar Gayrimenkul Yatirim Ortakligi AS's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Torunlar Gayrimenkul Yatirim Ortakligi AS's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Torunlar Gayrimenkul Yatirim Ortakligi AS's Shiller PE Ratio falls into.



Torunlar Gayrimenkul Yatirim Ortakligi AS 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, Torunlar Gayrimenkul Yatirim Ortakligi AS's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=10.635/129.4194*129.4194
=10.635

Current CPI (Dec. 2023) = 129.4194.

Torunlar Gayrimenkul Yatirim Ortakligi AS Quarterly Data

per share eps CPI Adj_EPS
201312 0.205 98.326 0.270
201403 0.020 99.695 0.026
201406 0.250 100.560 0.322
201409 -0.065 100.428 -0.084
201412 0.854 99.070 1.116
201503 -0.155 99.621 -0.201
201506 -0.005 100.684 -0.006
201509 -0.220 100.392 -0.284
201512 1.330 99.792 1.725
201603 0.135 100.470 0.174
201606 0.175 101.688 0.223
201609 0.005 101.861 0.006
201612 0.855 101.863 1.086
201703 -0.030 102.862 -0.038
201706 0.130 103.349 0.163
201709 0.020 104.136 0.025
201712 0.341 104.011 0.424
201803 0.150 105.290 0.184
201806 -0.220 106.317 -0.268
201809 -0.970 106.507 -1.179
201812 2.330 105.998 2.845
201903 -0.140 107.251 -0.169
201906 -0.050 108.070 -0.060
201909 0.140 108.329 0.167
201912 0.928 108.420 1.108
202003 -0.110 108.902 -0.131
202006 -0.160 108.767 -0.190
202009 -0.180 109.815 -0.212
202012 0.730 109.897 0.860
202103 -0.120 111.754 -0.139
202106 0.030 114.631 0.034
202109 0.160 115.734 0.179
202112 5.240 117.630 5.765
202203 0.170 121.301 0.181
202206 0.150 125.017 0.155
202209 0.350 125.227 0.362
202212 15.697 125.222 16.223
202306 0.650 128.729 0.653
202309 0.790 129.860 0.787
202312 10.635 129.419 10.635

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


Torunlar Gayrimenkul Yatirim Ortakligi AS  (IST:TRGYO) 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.

Torunlar Gayrimenkul Yatirim Ortakligi AS's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=44.70/4.27
=10.47

* 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 Torunlar Gayrimenkul Yatirim Ortakligi AS was 13.59. The lowest was 2.03. And the median was 5.27.


Be Aware

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


Torunlar Gayrimenkul Yatirim Ortakligi AS E10 Related Terms

Thank you for viewing the detailed overview of Torunlar Gayrimenkul Yatirim Ortakligi AS's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Torunlar Gayrimenkul Yatirim Ortakligi AS (IST:TRGYO) Business Description

Traded in Other Exchanges
N/A
Address
Rüzgarl?bahçe Neighborhood Özalp Exit No: 4, Beykoz, Istanbul, TUR, 34805
Torunlar Gayrimenkul Yatirim Ortakligi AS is engaged in developing and constructing large, comprehensive, and best-in-class shopping malls in most of the cities in Turkey, and asset management. Torunlar's activities include all stages of project development and management including sourcing, land acquisition, project finance, obtaining permissions, project design, construction audits, and inspections, in addition to sales and marketing. The company generates most of its revenues from the rental income and from the sale of residential and commercial properties.

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