USD 2.96 (NYSE:FRT). Federal Realty Investment Trust E10 description, competitive comparison data, historical data and more." />Federal Realty Investment Trust E10 (NYSE:FRT)
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Federal Realty Investment Trust  (NYSE:FRT) E10: USD 2.96 (As of Mar. 2019)

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.

Federal Realty Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2019 was USD 0.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is USD 2.96 for the trailing ten years ended in Mar. 2019.

As of today, Federal Realty Investment Trust's current stock price is USD 135.39. Federal Realty Investment Trust's E10 for the quarter that ended in Mar. 2019 was USD 2.96. Federal Realty Investment Trust's Shiller PE Ratio of today is 45.74.

During the past 13 years, the highest Shiller PE Ratio of Federal Realty Investment Trust was 65.02. The lowest was 21.68. And the median was 44.78.


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.

Federal Realty Investment 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 2.43 2.52 2.69 2.73 2.84

Federal Realty Investment 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 2.80 2.86 2.87 2.84 2.96

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.


Federal Realty Investment Trust Distribution

* The bar in red indicates where Federal Realty Investment Trust's E10 falls into.



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, Federal Realty Investment 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)
=0.78/254.202*254.202
=0.780

Current CPI (Mar. 2019) = 254.202.

Federal Realty Investment Trust Quarterly Data

per share eps CPI Adj_EPS
200906 0.480 215.693 0.566
200909 0.450 215.969 0.530
200912 0.520 215.949 0.612
201003 0.470 217.631 0.549
201006 0.500 217.965 0.583
201009 0.480 218.439 0.559
201012 0.530 219.179 0.615
201103 0.500 223.467 0.569
201106 0.550 225.722 0.619
201109 0.740 226.889 0.829
201112 0.480 225.672 0.541
201203 0.670 229.392 0.742
201206 0.510 229.478 0.565
201209 0.600 231.407 0.659
201212 0.580 229.601 0.642
201303 0.530 232.773 0.579
201306 0.570 233.504 0.621
201309 0.940 234.149 1.021
201312 0.420 233.049 0.458
201403 0.570 236.293 0.613
201406 0.640 238.343 0.683
201409 0.690 238.031 0.737
201412 0.500 234.812 0.541
201503 0.670 236.119 0.721
201506 0.630 238.638 0.671
201509 0.750 237.945 0.801
201512 0.980 236.525 1.053
201603 1.100 238.132 1.174
201606 0.780 241.018 0.823
201609 0.820 241.428 0.863
201612 0.800 241.432 0.842
201703 0.780 243.801 0.813
201706 1.050 244.955 1.090
201709 1.470 246.819 1.514
201712 0.670 246.524 0.691
201803 0.810 249.554 0.825
201806 0.840 251.989 0.847
201809 0.820 252.439 0.826
201812 0.710 251.233 0.718
201903 0.780 254.202 0.780

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

Federal Realty Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=135.39/2.96
=45.74

* 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 Federal Realty Investment Trust was 65.02. The lowest was 21.68. And the median was 44.78.


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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