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Redefine Properties (JSE:RDF) E10 : R0.62 (As of Aug. 2024)


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What is Redefine Properties 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.

Redefine Properties's adjusted earnings per share data for the fiscal year that ended in Aug. 2024 was R0.585. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R0.62 for the trailing ten years ended in Aug. 2024.

During the past 12 months, Redefine Properties's average E10 Growth Rate was -15.10% per year. During the past 3 years, the average E10 Growth Rate was -4.00% per year. During the past 5 years, the average E10 Growth Rate was -4.70% per year. During the past 10 years, the average E10 Growth Rate was -3.80% 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 Redefine Properties was 8.00% per year. The lowest was -10.20% per year. And the median was -4.90% per year.

As of today (2025-03-21), Redefine Properties's current stock price is R 4.31. Redefine Properties's E10 for the fiscal year that ended in Aug. 2024 was R0.62. Redefine Properties's Shiller PE Ratio of today is 6.95.

During the past 13 years, the highest Shiller PE Ratio of Redefine Properties was 14.98. The lowest was 1.85. And the median was 7.47.


Redefine Properties E10 Historical Data

The historical data trend for Redefine Properties'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.

Redefine Properties E10 Chart

Redefine Properties Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.70 0.87 0.73 0.62

Redefine Properties Semi-Annual Data
Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
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 0.87 - 0.73 - 0.62

Competitive Comparison of Redefine Properties's E10

For the REIT - Diversified subindustry, Redefine Properties'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.


Redefine Properties's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Redefine Properties's Shiller PE Ratio falls into.



Redefine Properties 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, Redefine Properties's adjusted earnings per share data for the fiscal year that ended in Aug. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=0.585/157.0549*157.0549
=0.585

Current CPI (Aug. 2024) = 157.0549.

Redefine Properties Annual Data

per_share_eps CPI Adj_EPS
201508 1.425 101.154 2.213
201608 1.015 107.476 1.483
201708 0.657 112.381 0.918
201808 1.230 117.831 1.639
201908 0.616 122.954 0.787
202008 -3.061 126.660 -3.796
202108 0.503 133.003 0.594
202208 1.411 143.536 1.544
202308 0.214 150.422 0.223
202408 0.585 157.055 0.585

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


Redefine Properties  (JSE:RDF) 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.

Redefine Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4.31/0.62
=6.95

* 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 Redefine Properties was 14.98. The lowest was 1.85. And the median was 7.47.


Be Aware

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


Redefine Properties E10 Related Terms

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


Redefine Properties Business Description

Traded in Other Exchanges
Address
155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland .Within South Africa, over half of the company's properties are in the province of Gauteng in terms of total value. The group comprises of segments in the local portfolio, being office, retail, industrial, specialised and head office, and the international portfolio being EPP, Redefine Europe and other. Majority of revenue is generated from EPP, international portfolio.

Redefine Properties Headlines

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