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Keppel Philippines Properties (PHS:KEP) E10 : ₱1.74 (As of Mar. 2024)


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What is Keppel Philippines Properties 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.

Keppel Philippines Properties's adjusted earnings per share data for the three months ended in Mar. 2024 was ₱0.270. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₱1.74 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Keppel Philippines Properties's average E10 Growth Rate was 135.10% per year. During the past 3 years, the average E10 Growth Rate was 65.60% per year. During the past 5 years, the average E10 Growth Rate was 29.10% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Keppel Philippines Properties was 65.60% per year. The lowest was 5.30% per year. And the median was 21.10% per year.

As of today (2024-06-13), Keppel Philippines Properties's current stock price is ₱3.85. Keppel Philippines Properties's E10 for the quarter that ended in Mar. 2024 was ₱1.74. Keppel Philippines Properties's Shiller PE Ratio of today is 2.21.

During the past 13 years, the highest Shiller PE Ratio of Keppel Philippines Properties was 12.77. The lowest was 1.48. And the median was 8.62.


Keppel Philippines Properties E10 Historical Data

The historical data trend for Keppel Philippines Properties'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.

Keppel Philippines Properties E10 Chart

Keppel Philippines Properties 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 0.40 0.37 0.49 0.71 1.68

Keppel Philippines Properties Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.74 0.74 0.75 1.68 1.74

Competitive Comparison of Keppel Philippines Properties's E10

For the Real Estate - Diversified subindustry, Keppel Philippines Properties'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.


Keppel Philippines Properties's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Keppel Philippines Properties's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Keppel Philippines Properties's Shiller PE Ratio falls into.



Keppel Philippines Properties 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, Keppel Philippines Properties's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.27/131.7762*131.7762
=0.270

Current CPI (Mar. 2024) = 131.7762.

Keppel Philippines Properties Quarterly Data

per share eps CPI Adj_EPS
201406 -0.001 100.560 -0.001
201409 -0.003 100.428 -0.004
201412 0.023 99.070 0.031
201503 -0.010 99.621 -0.013
201506 0.000 100.684 0.000
201509 -0.001 100.392 -0.001
201512 -0.038 99.792 -0.050
201603 -0.010 100.470 -0.013
201606 -0.026 101.688 -0.034
201609 -0.029 101.861 -0.038
201612 -0.035 101.863 -0.045
201703 -0.020 102.862 -0.026
201706 -0.040 103.349 -0.051
201709 0.037 104.136 0.047
201712 3.047 104.011 3.860
201803 -0.090 105.290 -0.113
201806 -0.070 106.317 -0.087
201809 -0.200 106.507 -0.247
201812 0.470 105.998 0.584
201903 -0.080 107.251 -0.098
201906 -0.100 108.070 -0.122
201909 -0.130 108.329 -0.158
201912 0.140 108.420 0.170
202003 -0.070 108.902 -0.085
202006 -0.260 108.767 -0.315
202009 -0.090 109.815 -0.108
202012 0.120 109.897 0.144
202103 0.030 111.754 0.035
202106 -0.040 114.631 -0.046
202109 -0.010 115.734 -0.011
202112 1.810 117.630 2.028
202203 0.300 121.301 0.326
202206 1.220 125.017 1.286
202209 0.130 125.227 0.137
202212 0.191 125.222 0.201
202303 0.200 127.348 0.207
202306 -0.010 128.729 -0.010
202309 -0.010 129.860 -0.010
202312 9.154 129.419 9.321
202403 0.270 131.776 0.270

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


Keppel Philippines Properties  (PHS:KEP) 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.

Keppel Philippines Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3.85/1.74
=2.21

* 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 Keppel Philippines Properties was 12.77. The lowest was 1.48. And the median was 8.62.


Be Aware

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


Keppel Philippines Properties E10 Related Terms

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


Keppel Philippines Properties (PHS:KEP) Business Description

Traded in Other Exchanges
N/A
Address
The Podium West Tower, 18th Floor, Units 1802B-1803, 12 ADB Avenue, Ortigas Center, Mandaluyong, PHL, 1550
Keppel Philippines Properties Inc, along with its subsidiaries is engaged in the acquisition and development of suitable land sites for residential, office, and commercial uses. It is also an investment holding company which focuses on investments in stocks, shares, securities, and other investment instruments and in property management consultancy services. It is engaged in real estate development and leasing of office and commercial buildings, and renders property management consultancy services to its associates. The company operates in one business segment that is Management Consultancy Services. Geographically the company caters its services only to the Philippines market.