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Apple Hospitality REIT (STU:48T) E10 : €0.58 (As of Sep. 2024)


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What is Apple Hospitality 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.

Apple Hospitality REIT's adjusted earnings per share data for the three months ended in Sep. 2024 was €0.207. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.58 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Apple Hospitality REIT's average E10 Growth Rate was 4.80% 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.

As of today (2024-12-14), Apple Hospitality REIT's current stock price is €15.085. Apple Hospitality REIT's E10 for the quarter that ended in Sep. 2024 was €0.58. Apple Hospitality REIT's Shiller PE Ratio of today is 26.01.

During the past 13 years, the highest Shiller PE Ratio of Apple Hospitality REIT was 30.67. The lowest was 16.33. And the median was 24.70.


Apple Hospitality REIT E10 Historical Data

The historical data trend for Apple Hospitality 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.

Apple Hospitality REIT E10 Chart

Apple Hospitality REIT 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 - - 0.59 0.57 0.50

Apple Hospitality REIT Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.59 0.50 0.60 0.59 0.58

Competitive Comparison of Apple Hospitality REIT's E10

For the REIT - Hotel & Motel subindustry, Apple Hospitality 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.


Apple Hospitality REIT's Shiller PE Ratio Distribution in the REITs Industry

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

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



Apple Hospitality 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, Apple Hospitality REIT's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.207/133.0289*133.0289
=0.207

Current CPI (Sep. 2024) = 133.0289.

Apple Hospitality REIT Quarterly Data

per share eps CPI Adj_EPS
201412 0.097 99.070 0.130
201503 0.218 99.621 0.291
201506 0.214 100.684 0.283
201509 0.241 100.392 0.319
201512 -0.092 99.792 -0.123
201603 0.180 100.470 0.238
201606 0.276 101.688 0.361
201609 0.062 101.861 0.081
201612 0.180 101.863 0.235
201703 0.140 102.862 0.181
201706 0.347 103.349 0.447
201709 0.235 104.136 0.300
201712 -0.008 104.011 -0.010
201803 0.146 105.290 0.184
201806 0.248 106.317 0.310
201809 0.231 106.507 0.289
201812 0.132 105.998 0.166
201903 0.150 107.251 0.186
201906 0.248 108.070 0.305
201909 0.191 108.329 0.235
201912 0.099 108.420 0.121
202003 -0.009 108.902 -0.011
202006 -0.311 108.767 -0.380
202009 -0.153 109.815 -0.185
202012 -0.189 109.897 -0.229
202103 -0.176 111.754 -0.210
202106 0.075 114.631 0.087
202109 0.119 115.734 0.137
202112 0.053 117.630 0.060
202203 0.073 121.301 0.080
202206 0.274 125.017 0.292
202209 0.263 125.227 0.279
202212 0.009 125.222 0.010
202303 0.131 127.348 0.137
202306 0.268 128.729 0.277
202309 0.244 129.860 0.250
202312 0.083 129.419 0.085
202403 0.202 131.776 0.204
202406 0.288 132.554 0.289
202409 0.207 133.029 0.207

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


Apple Hospitality REIT  (STU:48T) 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.

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

Shiller PE Ratio=Share Price/E10
=15.085/0.58
=26.01

* 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 Apple Hospitality REIT was 30.67. The lowest was 16.33. And the median was 24.70.


Be Aware

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


Apple Hospitality REIT E10 Related Terms

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


Apple Hospitality REIT Business Description

Traded in Other Exchanges
Address
814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

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