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TR Property Investment Trust (LSE:TRY) E10 : £0.29 (As of Mar. 2024)


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What is TR Property Investment Trust 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.

TR Property Investment Trust's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was £0.619. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.29 for the trailing ten years ended in Mar. 2024.

During the past 12 months, TR Property Investment Trust's average E10 Growth Rate was 3.60% per year. During the past 3 years, the average E10 Growth Rate was -4.20% per year. During the past 5 years, the average E10 Growth Rate was -3.60% per year. During the past 10 years, the average E10 Growth Rate was 7.10% 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 TR Property Investment Trust was 36.50% per year. The lowest was -19.40% per year. And the median was 3.10% per year.

As of today (2024-06-16), TR Property Investment Trust's current stock price is £ 3.155. TR Property Investment Trust's E10 for the fiscal year that ended in Mar. 2024 was £0.29. TR Property Investment Trust's Shiller PE Ratio of today is 10.88.

During the past 13 years, the highest Shiller PE Ratio of TR Property Investment Trust was 36.82. The lowest was 5.97. And the median was 12.60.


TR Property Investment Trust E10 Historical Data

The historical data trend for TR Property Investment Trust'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.

TR Property Investment Trust E10 Chart

TR Property Investment Trust Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.28 0.33 0.46 0.28 0.29

TR Property Investment Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 0.46 - 0.28 - 0.29

Competitive Comparison of TR Property Investment Trust's E10

For the Asset Management subindustry, TR Property Investment Trust'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.


TR Property Investment Trust's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, TR Property Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where TR Property Investment Trust's Shiller PE Ratio falls into.



TR Property Investment Trust 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, TR Property Investment Trust's adjusted earnings per share data for the fiscal year that ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.619/131.6000*131.6000
=0.619

Current CPI (Mar. 2024) = 131.6000.

TR Property Investment Trust Annual Data

per_share_eps CPI Adj_EPS
201503 0.707 99.600 0.934
201603 0.253 100.400 0.332
201703 0.261 102.700 0.334
201803 0.543 105.100 0.680
201903 0.354 107.000 0.435
202003 -0.466 108.600 -0.565
202103 0.739 109.700 0.887
202203 0.888 116.500 1.003
202303 -1.725 126.800 -1.790
202403 0.619 131.600 0.619

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


TR Property Investment Trust  (LSE:TRY) 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.

TR Property Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.155/0.29
=10.88

* 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 TR Property Investment Trust was 36.82. The lowest was 5.97. And the median was 12.60.


Be Aware

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


TR Property Investment Trust E10 Related Terms

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


TR Property Investment Trust (LSE:TRY) Business Description

Traded in Other Exchanges
Address
13 Woodstock Street, London, GBR, W1C 2AG
TR Property Investment Trust PLC is an investment trust. The company's investment portfolio includes shares and securities of property companies and property-related businesses. Its maximum investment exposure is given to equities. The company's geographical segments include UK-listed equities and convertibles, UK unlisted equities, UK direct property, and Continental European listed equities. It generates maximum revenue from the Continental European listed equities segment.

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