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American Homes 4 Rent (American Homes 4 Rent) E10 : $0.17 (As of Dec. 2023)


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What is American Homes 4 Rent 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.

American Homes 4 Rent's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.210. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.17 for the trailing ten years ended in Dec. 2023.

During the past 12 months, American Homes 4 Rent's average E10 Growth Rate was 1600.00% 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 (2024-04-26), American Homes 4 Rent's current stock price is $36.41. American Homes 4 Rent's E10 for the quarter that ended in Dec. 2023 was $0.17. American Homes 4 Rent's Shiller PE Ratio of today is 214.18.

During the past 13 years, the highest Shiller PE Ratio of American Homes 4 Rent was 3461.00. The lowest was 202.53. And the median was 322.27.


American Homes 4 Rent E10 Historical Data

The historical data trend for American Homes 4 Rent'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.

American Homes 4 Rent E10 Chart

American Homes 4 Rent 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 - - -0.07 0.01 0.17

American Homes 4 Rent 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 0.01 0.06 0.11 0.14 0.17

Competitive Comparison of American Homes 4 Rent's E10

For the REIT - Residential subindustry, American Homes 4 Rent'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.


American Homes 4 Rent's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, American Homes 4 Rent's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where American Homes 4 Rent's Shiller PE Ratio falls into.



American Homes 4 Rent 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, American Homes 4 Rent'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)
=0.21/129.4194*129.4194
=0.210

Current CPI (Dec. 2023) = 129.4194.

American Homes 4 Rent Quarterly Data

per share eps CPI Adj_EPS
201403 -0.070 99.695 -0.091
201406 -0.070 100.560 -0.090
201409 -0.110 100.428 -0.142
201412 -0.090 99.070 -0.118
201503 -0.080 99.621 -0.104
201506 -0.080 100.684 -0.103
201509 -0.140 100.392 -0.180
201512 -0.100 99.792 -0.130
201603 -0.020 100.470 -0.026
201606 -0.040 101.688 -0.051
201609 -0.090 101.861 -0.114
201612 -0.010 101.863 -0.013
201703 -0.010 102.862 -0.013
201706 -0.001 103.349 -0.001
201709 -0.004 104.136 -0.005
201712 -0.080 104.011 -0.100
201803 0.020 105.290 0.025
201806 -0.050 106.317 -0.061
201809 0.050 106.507 0.061
201812 0.060 105.998 0.073
201903 0.050 107.251 0.060
201906 0.080 108.070 0.096
201909 0.080 108.329 0.096
201912 0.080 108.420 0.095
202003 0.070 108.902 0.083
202006 0.050 108.767 0.059
202009 0.070 109.815 0.082
202012 0.090 109.897 0.106
202103 0.090 111.754 0.104
202106 0.060 114.631 0.068
202109 0.110 115.734 0.123
202112 0.140 117.630 0.154
202203 0.160 121.301 0.171
202206 0.160 125.017 0.166
202209 0.140 125.227 0.145
202212 0.250 125.222 0.258
202303 0.320 127.348 0.325
202306 0.270 128.729 0.271
202309 0.200 129.860 0.199
202312 0.210 129.419 0.210

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


American Homes 4 Rent  (NYSE:AMH) 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.

American Homes 4 Rent's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.41/0.17
=214.18

* 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 American Homes 4 Rent was 3461.00. The lowest was 202.53. And the median was 322.27.


Be Aware

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


American Homes 4 Rent E10 Related Terms

Thank you for viewing the detailed overview of American Homes 4 Rent's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


American Homes 4 Rent (American Homes 4 Rent) Business Description

Traded in Other Exchanges
Address
280 Pilot Road, Las Vegas, NV, USA, 89119
American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.
Executives
James H Kropp director 701 WESTERN AVENUE, GLENDALE CA 91201
Bryan Smith officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Brian Reitz officer: Chief Accounting Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Sara H. Vogt-lowell officer: SVP & Chief Legal Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Douglas N Benham director
Christopher Lau officer: Chief Financial Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew J Hart director C/O AIR LEASE CORPORATION, 2000 AVENUE OF THE STARS, SUITE 1000N, LOS ANGELES CA 90067
Tamara Hughes Gustavson director 701 WESTERN AVENUE, GLENDALE CA 91201-2349
Kenneth M. Woolley director 2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Anita Marie Mayala-mcintyre other: MGR. HF Investments 2010, LLC 423 CALLE SANTIAGO, NEWBURY PARK CA 91320
Jack E Corrigan director, officer: Chief Operating Officer C/O AMERICAN HOMES 4 RENT, 23975 PARK SORRENTO, SUITE 300, CALABASAS CA 91302
Hughes B Wayne Et Al director 701 WESTERN AVENUE, GLENDALE CA 91201
David P. Singelyn director, 10 percent owner, officer: Chief Executive Officer C/O AMERICAN HOMES 4 RENT, 280 PILOT ROAD,, LAS VEGAS NV 89119
Michelle C. Kerrick director C/O AMERICAN HOMES 4 RENT (LEGAL DEPT), 280 PILOT ROAD, LAS VEGAS NV 89119
Matthew R Zaist director C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660