GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LXP Industrial Trust (NYSE:LXP) » Definitions » E10

LXP Industrial Trust (LXP Industrial Trust) E10 : $0.71 (As of Dec. 2023)


View and export this data going back to 1993. Start your Free Trial

What is LXP Industrial 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.

LXP Industrial Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.71 for the trailing ten years ended in Dec. 2023.

During the past 12 months, LXP Industrial Trust's average E10 Growth Rate was 2.90% per year. During the past 3 years, the average E10 Growth Rate was 15.60% 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 LXP Industrial Trust was 33.10% per year. The lowest was -115.40% per year. And the median was -1.20% per year.

As of today (2024-04-28), LXP Industrial Trust's current stock price is $8.48. LXP Industrial Trust's E10 for the quarter that ended in Dec. 2023 was $0.71. LXP Industrial Trust's Shiller PE Ratio of today is 11.94.

During the past 13 years, the highest Shiller PE Ratio of LXP Industrial Trust was 243.00. The lowest was 11.19. And the median was 22.47.


LXP Industrial Trust E10 Historical Data

The historical data trend for LXP Industrial 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.

LXP Industrial Trust E10 Chart

LXP Industrial Trust 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 0.34 0.46 0.72 0.69 0.71

LXP Industrial Trust Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 0.69 0.71 0.69 0.70 0.71

Competitive Comparison of LXP Industrial Trust's E10

For the REIT - Industrial subindustry, LXP Industrial 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.


LXP Industrial Trust's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where LXP Industrial Trust's Shiller PE Ratio falls into.



LXP Industrial 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, LXP Industrial Trust'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)
=0.04/129.4194*129.4194
=0.040

Current CPI (Dec. 2023) = 129.4194.

LXP Industrial Trust Quarterly Data

per share eps CPI Adj_EPS
201403 -0.004 99.695 -0.005
201406 0.050 100.560 0.064
201409 0.170 100.428 0.219
201412 0.150 99.070 0.196
201503 0.140 99.621 0.182
201506 0.200 100.684 0.257
201509 -0.030 100.392 -0.039
201512 0.140 99.792 0.182
201603 0.200 100.470 0.258
201606 0.230 101.688 0.293
201609 -0.120 101.861 -0.152
201612 0.060 101.863 0.076
201703 0.170 102.862 0.214
201706 0.020 103.349 0.025
201709 0.020 104.136 0.025
201712 0.120 104.011 0.149
201803 -0.070 105.290 -0.086
201806 -0.010 106.317 -0.012
201809 0.900 106.507 1.094
201812 0.100 105.998 0.122
201903 0.110 107.251 0.133
201906 0.090 108.070 0.108
201909 0.590 108.329 0.705
201912 0.330 108.420 0.394
202003 0.060 108.902 0.071
202006 0.060 108.767 0.071
202009 0.150 109.815 0.177
202012 0.370 109.897 0.436
202103 0.140 111.754 0.162
202106 0.260 114.631 0.294
202109 0.020 115.734 0.022
202112 0.900 117.630 0.990
202203 0.030 121.301 0.032
202206 0.140 125.017 0.145
202209 0.080 125.227 0.083
202212 0.130 125.222 0.134
202303 0.030 127.348 0.030
202306 -0.030 128.729 -0.030
202309 0.040 129.860 0.040
202312 0.040 129.419 0.040

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


LXP Industrial Trust  (NYSE:LXP) 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.

LXP Industrial Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.48/0.71
=11.94

* 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 LXP Industrial Trust was 243.00. The lowest was 11.19. And the median was 22.47.


Be Aware

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


LXP Industrial Trust E10 Related Terms

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


LXP Industrial Trust (LXP Industrial Trust) Business Description

Traded in Other Exchanges
Address
One Penn Plaza, Suite 4015, New York, NY, USA, 10119-4015
LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. Majority of the revenue is earned through rental revenue.
Executives
Derrick L Johnson director C/O LXP INDUSTRIAL TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Nancy Elizabeth Noe director ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119
Arun Gupta director C/O COLUMBIA CAPITAL, 201 NORTH UNION STREET, SUITE 300, ALEXANDRIA VA 22314
Nabil Andrawis officer: EVP, Director of Taxation C/O LXP INDUSTRIAL TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Richard Frary director C/O TALLWOOD ASSOCIATES INC., 14 EAST 60TH STREET, SUITE 1003, NEW YORK NY 10022
Jamie Handwerker director 9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Lara Sweeney Johnson officer: EVP C/O WINTHROP FINANCIAL ASSOCIATES, TWO JERICHO QUADRANGLE WING A SUITE 111, JERICHO NY 11753
Joseph Bonventre officer: EVP, Gen Counsel & Secretary ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Mark Cherone officer: Chief Accounting Officer C/O LEXINGTON REALTY TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 11743
James Dudley officer: EVP & Director of Asset Mgmt. C/O LEXINGTON REALTY TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Brendan P Mullinix officer: EVP LEXINGTON CORPORATE PROPERTIES TRUST, ONE PENN PLAZA, SUITE 4015, NEW YORK NY 10119-4015
Howard Stewart Roth director 19 DEEPDALE DRIVE, GREAT NECK NY 11021
T Wilson Eglin director, officer: CEO, President and COO
E Robert Roskind director, officer: Chairman of the Board
Richard J Rouse director, officer: Co-Vice Chairman & CIO