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Essex Property Trust E10

: USD 3.97 (As of Mar. 2019)
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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.

Essex Property Trust's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 1.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 3.97 for the trailing ten years ended in Mar. 2019.

As of today, Essex Property Trust's current stock price is USD 295.61. Essex Property Trust's E10 for the quarter that ended in Mar. 2019 was USD 3.97. Essex Property Trust's Shiller PE Ratio of today is 74.46.

During the past 13 years, the highest Shiller PE Ratio of Essex Property Trust was 83.24. The lowest was 17.75. And the median was 55.59.


Essex Property 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.

Essex Property Trust Annual Data

Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.94 2.91 3.30 3.52 3.93

Essex Property Trust Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 3.62 3.77 3.84 3.93 3.97

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.


Essex Property Trust E10 Distribution

* The bar in red indicates where Essex Property Trust's E10 falls into.



Essex Property 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.

For example, Essex Property Trust's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=1.81/254.202*254.202
=1.810

Current CPI (Mar. 2019) = 254.202.

Essex Property Trust Quarterly Data

per share eps CPI Adj_EPS
200906 0.430 215.693 0.507
200909 0.740 215.969 0.871
200912 0.210 215.949 0.247
201003 0.450 217.631 0.526
201006 0.320 217.965 0.373
201009 0.210 218.439 0.244
201012 0.150 219.179 0.174
201103 0.270 223.467 0.307
201106 0.320 225.722 0.360
201109 0.230 226.889 0.258
201112 0.420 225.672 0.473
201203 0.670 229.392 0.742
201206 1.070 229.478 1.185
201209 0.450 231.407 0.494
201212 1.220 229.601 1.351
201303 0.680 232.773 0.743
201306 0.670 233.504 0.729
201309 1.840 234.149 1.998
201312 0.850 233.049 0.927
201403 0.580 236.293 0.624
201406 0.020 238.343 0.021
201409 0.850 238.031 0.908
201412 0.630 234.812 0.682
201503 0.920 236.119 0.990
201506 0.700 238.638 0.746
201509 0.650 237.945 0.694
201512 1.220 236.525 1.311
201603 1.190 238.132 1.270
201606 1.100 241.018 1.160
201609 1.000 241.428 1.053
201612 2.980 241.432 3.138
201703 2.720 243.801 2.836
201706 1.080 244.955 1.121
201709 1.210 246.819 1.246
201712 1.570 246.524 1.619
201803 1.380 249.554 1.406
201806 1.520 251.989 1.533
201809 1.220 252.439 1.229
201812 1.780 251.233 1.801
201903 1.810 254.202 1.810

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


Essex Property Trust  (NYSE:ESS) 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.

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

Shiller PE Ratio=Share Price/E10
=295.61/3.97
=74.46

* 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 Essex Property Trust was 83.24. The lowest was 17.75. And the median was 55.59.


Be Aware

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


Essex Property Trust E10 Explanation


Essex Property Trust E10 Headlines

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