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Macerich Co E10

: $2.67 (As of Dec. 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.

Macerich Co's adjusted earnings per share data for the three months ended in Dec. 2020 was $-1.271. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.67 for the trailing ten years ended in Dec. 2020.

As of today (2021-05-12), Macerich Co's current stock price is $13.95. Macerich Co's E10 for the quarter that ended in Dec. 2020 was $2.67. Macerich Co's Shiller PE Ratio of today is 5.22.

During the past 13 years, the highest Shiller PE Ratio of Macerich Co was 43.45. The lowest was 1.80. And the median was 25.40.


Macerich Co E10 Historical Data

* 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.

Macerich Co Annual Data
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 2.96 3.01 2.84 2.81 2.67

Macerich Co Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 2.81 2.81 2.82 2.81 2.67

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.


Macerich Co E10 Distribution

* The bar in red indicates where Macerich Co's E10 falls into.



Macerich Co 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, Macerich Co's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=-1.2714/110.3642*110.3642
=-1.271

Current CPI (Dec. 2020) = 110.3642.

Macerich Co Quarterly Data

per share eps CPI Adj_EPS
201103 0.000 94.890 0.000
201106 -0.150 95.319 -0.174
201109 0.100 95.529 0.116
201112 1.240 95.632 1.431
201203 -0.110 97.075 -0.125
201206 1.000 96.661 1.142
201209 0.330 97.595 0.373
201212 1.267 97.158 1.439
201303 0.130 98.107 0.146
201306 1.570 98.557 1.758
201309 0.270 98.536 0.302
201312 1.030 98.692 1.152
201403 0.130 100.023 0.143
201406 0.110 100.520 0.121
201409 0.250 100.176 0.275
201412 9.034 98.604 10.112
201503 0.150 99.824 0.166
201506 0.090 100.691 0.099
201509 0.210 100.346 0.231
201512 2.687 99.957 2.967
201603 2.760 100.947 3.017
201606 0.310 101.524 0.337
201609 0.090 101.988 0.097
201612 0.258 102.456 0.278
201703 0.480 103.167 0.513
201706 0.190 103.278 0.203
201709 0.120 104.070 0.127
201712 0.232 104.578 0.245
201803 -0.240 105.708 -0.251
201806 0.050 106.324 0.052
201809 0.520 106.695 0.538
201812 0.083 106.200 0.086
201903 0.050 107.818 0.051
201906 0.110 108.250 0.112
201909 0.330 108.577 0.335
201912 0.190 108.841 0.193
202003 0.050 108.173 0.051
202006 -0.180 109.318 -0.182
202009 -0.150 109.861 -0.151
202012 -1.271 110.364 -1.271

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


Macerich Co  (NYSE:MAC) 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.

Macerich Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.95/2.67
=5.22

* 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 Macerich Co was 43.45. The lowest was 1.80. And the median was 25.40.


Be Aware

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


Macerich Co E10 Related Terms


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