GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AGNC Investment Corp (STU:4OQ1) » Definitions » E10

AGNC Investment (STU:4OQ1) E10 : €0.51 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is AGNC Investment 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.

AGNC Investment's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.543. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.51 for the trailing ten years ended in Mar. 2024.

During the past 12 months, AGNC Investment's average E10 Growth Rate was -23.30% per year. During the past 3 years, the average E10 Growth Rate was -38.60% per year. During the past 5 years, the average E10 Growth Rate was -33.10% 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 AGNC Investment was -23.20% per year. The lowest was -38.60% per year. And the median was -33.60% per year.

As of today (2024-05-16), AGNC Investment's current stock price is €8.982. AGNC Investment's E10 for the quarter that ended in Mar. 2024 was €0.51. AGNC Investment's Shiller PE Ratio of today is 17.61.

During the past 13 years, the highest Shiller PE Ratio of AGNC Investment was 57.39. The lowest was 3.47. And the median was 8.42.


AGNC Investment E10 Historical Data

The historical data trend for AGNC Investment'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.

AGNC Investment E10 Chart

AGNC Investment 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 2.58 1.56 1.39 0.77 0.42

AGNC Investment 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 0.67 0.16 0.33 0.42 0.51

Competitive Comparison of AGNC Investment's E10

For the REIT - Mortgage subindustry, AGNC Investment'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.


AGNC Investment's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where AGNC Investment's Shiller PE Ratio falls into.



AGNC Investment 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, AGNC Investment'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)
=0.543/129.4194*129.4194
=0.543

Current CPI (Mar. 2024) = 129.4194.

AGNC Investment Quarterly Data

per share eps CPI Adj_EPS
201406 0.056 100.560 0.072
201409 0.419 100.428 0.540
201412 -0.762 99.070 -0.995
201503 -0.675 99.621 -0.877
201506 1.274 100.684 1.638
201509 -1.639 100.392 -2.113
201512 1.561 99.792 2.024
201603 -2.092 100.470 -2.695
201606 -0.383 101.688 -0.487
201609 1.354 101.861 1.720
201612 2.901 101.863 3.686
201703 0.196 102.862 0.247
201706 0.045 103.349 0.056
201709 0.621 104.136 0.772
201712 0.811 104.011 1.009
201803 0.860 105.290 1.057
201806 0.599 106.317 0.729
201809 0.386 106.507 0.469
201812 -1.415 105.998 -1.728
201903 0.416 107.251 0.502
201906 -0.752 108.070 -0.901
201909 -0.027 108.329 -0.032
201912 1.404 108.420 1.676
202003 -4.036 108.902 -4.796
202006 1.101 108.767 1.310
202009 0.976 109.815 1.150
202012 1.126 109.897 1.326
202103 1.487 111.754 1.722
202106 -0.689 114.631 -0.778
202109 0.298 115.734 0.333
202112 -0.089 117.630 -0.098
202203 -1.171 121.301 -1.249
202206 -0.823 125.017 -0.852
202209 -1.323 125.227 -1.367
202212 0.878 125.222 0.907
202303 -0.290 127.348 -0.295
202306 0.397 128.729 0.399
202309 -0.637 129.860 -0.635
202312 0.523 129.419 0.523
202403 0.543 129.419 0.543

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


AGNC Investment  (STU:4OQ1) 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.

AGNC Investment's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.982/0.51
=17.61

* 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 AGNC Investment was 57.39. The lowest was 3.47. And the median was 8.42.


Be Aware

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


AGNC Investment E10 Related Terms

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


AGNC Investment (STU:4OQ1) Business Description

Address
2 Bethesda Metro Center, 12th Floor, Bethesda, MD, USA, 20814
AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities or other investments in or related to, the housing, mortgage or real estate markets.

AGNC Investment (STU:4OQ1) Headlines

No Headlines