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FIBRA Macquarie (MEX:FIBRAMQ12) E10 : MXN5.35 (As of Mar. 2024)


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What is FIBRA Macquarie 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.

FIBRA Macquarie's adjusted earnings per share data for the three months ended in Mar. 2024 was MXN1.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN5.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, FIBRA Macquarie's average E10 Growth Rate was 13.60% 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.

As of today (2024-06-25), FIBRA Macquarie's current stock price is MXN31.25. FIBRA Macquarie's E10 for the quarter that ended in Mar. 2024 was MXN5.35. FIBRA Macquarie's Shiller PE Ratio of today is 5.84.

During the past 12 years, the highest Shiller PE Ratio of FIBRA Macquarie was 6.62. The lowest was 5.00. And the median was 6.06.


FIBRA Macquarie E10 Historical Data

The historical data trend for FIBRA Macquarie'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.

FIBRA Macquarie E10 Chart

FIBRA Macquarie 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 - - - 4.77 5.20

FIBRA Macquarie Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 4.71 4.69 4.97 5.20 5.35

Competitive Comparison of FIBRA Macquarie's E10

For the REIT - Industrial subindustry, FIBRA Macquarie'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.


FIBRA Macquarie's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where FIBRA Macquarie's Shiller PE Ratio falls into.



FIBRA Macquarie 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, FIBRA Macquarie's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.35/152.9470*152.9470
=1.350

Current CPI (Mar. 2024) = 152.9470.

FIBRA Macquarie Quarterly Data

per share eps CPI Adj_EPS
201406 0.353 96.609 0.559
201409 1.528 97.652 2.393
201412 2.444 99.469 3.758
201503 0.687 99.973 1.051
201506 0.745 99.382 1.147
201509 2.129 100.112 3.253
201512 1.041 101.588 1.567
201603 0.697 102.573 1.039
201606 1.976 101.905 2.966
201609 1.127 103.084 1.672
201612 2.034 105.002 2.963
201703 -1.518 108.063 -2.148
201706 -0.153 108.339 -0.216
201709 1.041 109.628 1.452
201712 2.798 112.114 3.817
201803 -0.754 113.505 -1.016
201806 2.435 113.373 3.285
201809 -0.802 115.130 -1.065
201812 1.461 117.530 1.901
201903 0.334 118.050 0.433
201906 -0.143 117.848 -0.186
201909 0.888 118.581 1.145
201912 -0.416 120.854 -0.526
202003 6.054 121.885 7.597
202006 -1.738 121.777 -2.183
202009 0.067 123.341 0.083
202012 -2.387 124.661 -2.929
202103 1.839 127.574 2.205
202106 0.134 128.936 0.159
202109 1.786 130.742 2.089
202112 6.015 133.830 6.874
202203 0.191 137.082 0.213
202206 2.253 139.233 2.475
202209 1.299 142.116 1.398
202212 -0.162 144.291 -0.172
202303 -1.090 146.472 -1.138
202306 1.766 146.272 1.847
202309 2.731 148.446 2.814
202312 1.528 151.017 1.548
202403 1.350 152.947 1.350

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


FIBRA Macquarie  (MEX:FIBRAMQ12) 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.

FIBRA Macquarie's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=31.25/5.35
=5.84

* 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 12 years, the highest Shiller P/E Ratio of FIBRA Macquarie was 6.62. The lowest was 5.00. And the median was 6.06.


Be Aware

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


FIBRA Macquarie E10 Related Terms

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


FIBRA Macquarie (MEX:FIBRAMQ12) Business Description

Traded in Other Exchanges
Address
Calzada Mariano Escobedo 595, Polanco Quinta Sección, Alcaldía Miguel Hidalgo, Mexico City, HGO, MEX, 11560
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. The company's real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of FIBRA Macquarie's total number of properties, total square footage, and total revenue. Most of these industrial locations are used as manufacturing facilities and are located in Northern Mexico. FIBRA Macquarie derives nearly all of its revenue in the form of rental income from tenants. The company's major customers are automotive, electronics, and consumer products, manufacturers, and others.

FIBRA Macquarie (MEX:FIBRAMQ12) Headlines

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