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Cofinimmo/NV (STU:COF) E10 : €6.33 (As of Mar. 2024)


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What is Cofinimmo/NV 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.

Cofinimmo/NV's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €6.33 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Cofinimmo/NV's average E10 Growth Rate was -3.60% per year. During the past 3 years, the average E10 Growth Rate was 6.60% per year. During the past 5 years, the average E10 Growth Rate was 0.60% 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 Cofinimmo/NV was 6.60% per year. The lowest was -6.70% per year. And the median was 5.20% per year.

As of today (2024-12-15), Cofinimmo/NV's current stock price is €54.55. Cofinimmo/NV's E10 for the quarter that ended in Mar. 2024 was €6.33. Cofinimmo/NV's Shiller PE Ratio of today is 8.62.

During the past 13 years, the highest Shiller PE Ratio of Cofinimmo/NV was 28.37. The lowest was 8.56. And the median was 17.72.


Cofinimmo/NV E10 Historical Data

The historical data trend for Cofinimmo/NV'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.

Cofinimmo/NV E10 Chart

Cofinimmo/NV 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 5.83 5.19 5.36 6.82 6.21

Cofinimmo/NV 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 6.61 6.44 6.44 6.21 6.33

Competitive Comparison of Cofinimmo/NV's E10

For the REIT - Healthcare Facilities subindustry, Cofinimmo/NV'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.


Cofinimmo/NV's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Cofinimmo/NV's Shiller PE Ratio falls into.



Cofinimmo/NV 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, Cofinimmo/NV'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)
=0.48/130.5518*130.5518
=0.480

Current CPI (Mar. 2024) = 130.5518.

Cofinimmo/NV Quarterly Data

per share eps CPI Adj_EPS
201406 -3.492 99.482 -4.583
201409 0.355 99.195 0.467
201412 0.058 99.086 0.076
201503 -0.281 99.423 -0.369
201506 3.044 100.107 3.970
201509 1.903 100.245 2.478
201512 -0.089 100.572 -0.116
201603 0.020 101.653 0.026
201606 1.669 102.267 2.131
201609 1.804 102.118 2.306
201612 1.160 102.614 1.476
201703 1.754 103.972 2.202
201706 1.344 103.902 1.689
201709 1.850 104.170 2.319
201712 1.160 104.804 1.445
201803 3.090 105.419 3.827
201806 1.490 106.063 1.834
201809 2.040 106.618 2.498
201812 -0.040 107.252 -0.049
201903 1.080 107.876 1.307
201906 1.832 107.896 2.217
201909 2.384 107.470 2.896
201912 2.753 108.065 3.326
202003 1.630 108.550 1.960
202006 0.608 108.540 0.731
202009 1.450 108.441 1.746
202012 0.740 108.511 0.890
202103 1.650 109.522 1.967
202106 1.679 110.305 1.987
202109 2.310 111.543 2.704
202112 2.899 114.705 3.300
202203 5.280 118.620 5.811
202206 4.950 120.948 5.343
202209 4.590 124.120 4.828
202212 0.270 126.578 0.278
202303 0.530 126.528 0.547
202306 0.273 125.973 0.283
202309 0.340 127.083 0.349
202312 -2.790 128.292 -2.839
202403 0.480 130.552 0.480

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


Cofinimmo/NV  (STU:COF) 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.

Cofinimmo/NV's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=54.55/6.33
=8.62

* 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 Cofinimmo/NV was 28.37. The lowest was 8.56. And the median was 17.72.


Be Aware

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


Cofinimmo/NV E10 Related Terms

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


Cofinimmo/NV Business Description

Traded in Other Exchanges
Address
58 Boulevard de la Woluwedal, Brussels, BEL, 1200
Cofinimmo SA/NV is a Belgian real estate company primarily engaged in the ownership and management of the rental property in Western Europe. The vast majority of Cofinimmo's properties are split between office and healthcare purposes. The remainder is mainly restaurants, pubs, and insurance agencies. Most of Cofinimmo's assets are located in Belgium, while France is also home to a substantial share. The company's major tenants include healthcare firms, pubs and restaurants, banks, and insurance firms. Cofinimmo generates nearly all of its revenue through rental income. The company's healthcare and restaurant tenants typically sign long-term leases, while its office tenants generally elect for short-term agreements.