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Paragon REIT (SGX:SK6U) E10 : S$0.06 (As of Dec. 2023)


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What is Paragon REIT 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.

Paragon REIT's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was S$0.048. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is S$0.06 for the trailing ten years ended in Dec. 2023.

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.

As of today (2024-04-28), Paragon REIT's current stock price is S$ 0.83. Paragon REIT's E10 for the fiscal year that ended in Dec. 2023 was S$0.06. Paragon REIT's Shiller PE Ratio of today is 13.83.

During the past 10 years, the highest Shiller PE Ratio of Paragon REIT was 14.50. The lowest was 13.67. And the median was 14.00.


Paragon REIT E10 Historical Data

The historical data trend for Paragon REIT'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.

Paragon REIT E10 Chart

Paragon REIT Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.06

Paragon REIT Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Dec22 Jun23 Dec23
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 - - - - 0.06

Competitive Comparison of Paragon REIT's E10

For the REIT - Retail subindustry, Paragon REIT'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.


Paragon REIT's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Paragon REIT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Paragon REIT's Shiller PE Ratio falls into.



Paragon REIT 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, Paragon REIT's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.048/129.4194*129.4194
=0.048

Current CPI (Dec. 2023) = 129.4194.

Paragon REIT Annual Data

per_share_eps CPI Adj_EPS
201408 0.091 100.352 0.117
201508 0.061 100.548 0.079
201608 0.050 101.617 0.064
201708 0.061 103.587 0.076
201808 0.054 106.383 0.066
201908 0.058 108.245 0.069
202008 -0.028 109.662 -0.033
202108 0.049 115.421 0.055
202212 0.053 125.222 0.055
202312 0.048 129.419 0.048

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


Paragon REIT  (SGX:SK6U) 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.

Paragon REIT's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.83/0.06
=13.83

* 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 10 years, the highest Shiller P/E Ratio of Paragon REIT was 14.50. The lowest was 13.67. And the median was 14.00.


Be Aware

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


Paragon REIT E10 Related Terms

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


Paragon REIT (SGX:SK6U) Business Description

Traded in Other Exchanges
N/A
Address
79 Robinson Road, CapitaSky, Bridge+, Singapore, SGP, 068897
Paragon REIT is a real estate investment trust which focuses on retail properties in Singapore and other Asia Pacific regions. The trust primarily comprises upscale retail malls and shopping centres.

Paragon REIT (SGX:SK6U) Headlines

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