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Ashford Hospitality Trust E10

: $-1.00 (As of Mar. 2020)
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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.

Ashford Hospitality Trust's adjusted earnings per share data for the three months ended in Mar. 2020 was $-0.940. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.00 for the trailing ten years ended in Mar. 2020.

As of today (2020-07-03), Ashford Hospitality Trust's current stock price is $0.70. Ashford Hospitality Trust's E10 for the quarter that ended in Mar. 2020 was $-1.00. Ashford Hospitality Trust's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Ashford Hospitality Trust was 1.55. The lowest was 0.00. And the median was 0.95.


Ashford Hospitality Trust E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Ashford Hospitality Trust Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.74 -0.90 -1.20 -0.91

Ashford Hospitality Trust Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
E10 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 Premium Member Only Premium Member Only Premium Member Only -1.28 -1.03 -1.01 -0.91 -1.00

Competitive Comparison
* 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.


Ashford Hospitality Trust E10 Distribution

* The bar in red indicates where Ashford Hospitality Trust's E10 falls into.



Ashford Hospitality 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, Ashford Hospitality Trust's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=-0.94/108.1733*108.1733
=-0.940

Current CPI (Mar. 2020) = 108.1733.

Ashford Hospitality Trust Quarterly Data

per share eps CPI Adj_EPS
201006 0.040 91.981 0.047
201009 0.710 92.277 0.832
201012 -2.170 92.914 -2.526
201103 0.460 94.890 0.524
201106 -0.490 95.319 -0.556
201109 -0.430 95.529 -0.487
201112 -0.290 95.632 -0.328
201203 -0.440 97.075 -0.490
201206 -0.200 96.661 -0.224
201209 -0.350 97.595 -0.388
201212 -0.320 97.158 -0.356
201303 -0.340 98.107 -0.375
201306 -0.020 98.557 -0.022
201309 -0.310 98.536 -0.340
201312 -0.320 98.692 -0.351
201403 -0.130 100.023 -0.141
201406 -0.110 100.520 -0.118
201409 -0.240 100.176 -0.259
201412 -0.250 98.604 -0.274
201503 3.130 99.824 3.392
201506 -0.210 100.691 -0.226
201509 -0.260 100.346 -0.280
201512 -0.330 99.957 -0.357
201603 -0.200 100.947 -0.214
201606 0.230 101.524 0.245
201609 -0.370 101.988 -0.392
201612 -0.610 102.456 -0.644
201703 -0.390 103.167 -0.409
201706 -0.010 103.278 -0.010
201709 -0.400 104.070 -0.416
201712 -0.500 104.578 -0.517
201803 -0.390 105.708 -0.399
201806 -0.300 106.324 -0.305
201809 -0.400 106.695 -0.406
201812 -0.660 106.200 -0.672
201903 -0.490 107.818 -0.492
201906 -0.270 108.250 -0.270
201909 -0.420 108.577 -0.418
201912 -0.390 108.841 -0.388
202003 -0.940 108.173 -0.940

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


Ashford Hospitality Trust  (NYSE:AHT) 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.

Ashford Hospitality Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.70/-1
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Ashford Hospitality Trust was 1.55. The lowest was 0.00. And the median was 0.95.


Be Aware

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


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