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Invesco Mortgage Capital E10

: $-0.12 (As of Sep. 2021)
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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.

Invesco Mortgage Capital's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.12 for the trailing ten years ended in Sep. 2021.

As of today (2021-12-02), Invesco Mortgage Capital's current stock price is $2.93. Invesco Mortgage Capital's E10 for the quarter that ended in Sep. 2021 was $-0.12. Invesco Mortgage Capital's Shiller PE Ratio of today is .

During the past 12 years, the highest Shiller PE Ratio of Invesco Mortgage Capital was 10.72. The lowest was 0.00. And the median was 2.58.


Invesco Mortgage Capital E10 Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 1.62 1.70 0.23

Invesco Mortgage Capital Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.23 0.23 0.11 -0.04 -0.12

Competitive Comparison

For the REIT - Mortgage subindustry, Invesco Mortgage Capital's E10, along with its competitors' market caps and E10 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.

   

Invesco Mortgage Capital E10 Distribution

For the REITs industry and Real Estate sector, Invesco Mortgage Capital's E10 distribution charts can be found below:

* The bar in red indicates where Invesco Mortgage Capital's E10 falls into.



Invesco Mortgage Capital 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, Invesco Mortgage Capital's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.17/115.7343*115.7343
=0.170

Current CPI (Sep. 2021) = 115.7343.

Invesco Mortgage Capital Quarterly Data

per share eps CPI Adj_EPS
201112 0.570 95.213 0.693
201203 0.720 96.783 0.861
201206 0.680 96.819 0.813
201209 0.720 97.633 0.853
201212 0.770 96.871 0.920
201303 0.640 98.209 0.754
201306 0.950 98.518 1.116
201309 -0.060 98.790 -0.070
201312 -0.630 98.326 -0.742
201403 -0.540 99.695 -0.627
201406 -0.530 100.560 -0.610
201409 -0.020 100.428 -0.023
201412 -0.640 99.070 -0.748
201503 -0.140 99.621 -0.163
201506 1.060 100.684 1.218
201509 -1.180 100.392 -1.360
201512 0.870 99.792 1.009
201603 -1.380 100.470 -1.590
201606 -0.100 101.688 -0.114
201609 1.050 101.861 1.193
201612 2.150 101.863 2.443
201703 0.730 102.862 0.821
201706 0.410 103.349 0.459
201709 0.430 104.136 0.478
201712 1.180 104.011 1.313
201803 0.370 105.290 0.407
201806 0.720 106.317 0.784
201809 -0.580 106.507 -0.630
201812 -1.540 105.998 -1.681
201903 1.050 107.251 1.133
201906 0.060 108.070 0.064
201909 0.570 108.329 0.609
201912 0.750 108.420 0.801
202003 -10.380 108.902 -11.031
202006 -1.800 108.767 -1.915
202009 0.530 109.815 0.559
202012 0.980 109.897 1.032
202103 -0.090 111.754 -0.093
202106 -0.340 114.631 -0.343
202109 0.170 115.734 0.170

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


Invesco Mortgage Capital  (NYSE:IVR) 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.

During the past 12 years, the highest Shiller P/E Ratio of Invesco Mortgage Capital was 10.72. The lowest was 0.00. And the median was 2.58.


Be Aware

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


Invesco Mortgage Capital E10 Related Terms

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


Invesco Mortgage Capital Business Description

Invesco Mortgage Capital logo
Industry
Real Estate » REITs NAICS : 531190 SIC : 6798
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is an REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities for which a U.S. government agency or a federally chartered corporation guarantees payment of principal and interest, or Agency RMBS; residential mortgage-backed securities that are not issued or guaranteed by an agency, or nonagency RMBS; commercial mortgage-backed securities, or CMBS; and residential and commercial mortgage loans. The asset manager for the company is Invesco Advisers, a subsidiary of Invesco.
Executives
Hardin Edward J director 5430 LBJ FREEWAY SUIT 1700 DALLAS TX 75240
Lockhart Dennis P director 100 GOLF ROAD GOLF IL 60029
Handlon Carolyn B director 1555 PEACHTREE ST. NE, SUITE 1800 ATLANTA GA 30309
Day John director 1520 OLD TROLLEY ROAD SUMMERVILLE SC 29485
Lientz James R Jr director GEORGIA POSER CO BIN 10240 241 RALPH MCGILL BLVD ATLANTA GA 30308
Starr Loren M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STARR LOREN M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Lyle David B officer: Chief Operating Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Collins Kevin M officer: President 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Clemente Mario other: Officer of Manager 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Norris Brian officer: CIO 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Phegley Richard Lee Jr. officer: Chief Financial Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Anzalone John officer: CEO INVESCO LTD. 1555 PEACHTREE STREET NE ATLANTA GA 30309
Perlis Roseann officer: Chief Accounting Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Morris Sheri officer: Chief Investment Officer INVESCO LTD., 1555 PEACHTREE STREET NE SUITE 100 ATLANTA GA 30309
Marshall Jason officer: Chief Investment Officer 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309

Invesco Mortgage Capital Headlines

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