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AEON REIT Investment (TSE:3292) E10 : 円5,779.82 (As of Jul. 2023)


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What is AEON REIT 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.

AEON REIT Investment's adjusted earnings per share data for the fiscal year that ended in Jul. 2023 was 円6,607.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is 円5,779.82 for the trailing ten years ended in Jul. 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 (2024-05-03), AEON REIT Investment's current stock price is 円 138300.00. AEON REIT Investment's E10 for the fiscal year that ended in Jul. 2023 was 円5,779.82. AEON REIT Investment's Shiller PE Ratio of today is 23.93.

During the past 10 years, the highest Shiller PE Ratio of AEON REIT Investment was 25.74. The lowest was 22.63. And the median was 24.59.


AEON REIT Investment E10 Historical Data

The historical data trend for AEON REIT 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.

AEON REIT Investment E10 Chart

AEON REIT Investment Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 5,779.82

AEON REIT Investment Semi-Annual Data
Jul14 Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24
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 - - - 5,779.82 -

Competitive Comparison of AEON REIT Investment's E10

For the REIT - Retail subindustry, AEON REIT 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.


AEON REIT Investment's Shiller PE Ratio Distribution in the REITs Industry

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

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



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

Adj_EPS=Earnings per Share (Diluted) /CPI of Jul. 2023 (Change)*Current CPI (Jul. 2023)
=6607.75/105.7000*105.7000
=6,607.750

Current CPI (Jul. 2023) = 105.7000.

AEON REIT Investment Annual Data

per_share_eps CPI Adj_EPS
201407 4,522.000 98.100 4,872.328
201507 5,219.000 98.300 5,611.885
201607 1,183.420 97.900 1,277.707
201707 5,945.000 98.300 6,392.538
201807 5,985.000 99.200 6,377.162
201907 6,086.580 99.800 6,446.408
202007 6,281.710 100.000 6,639.767
202107 6,317.510 99.700 6,697.701
202207 6,653.840 102.300 6,874.984
202307 6,607.750 105.700 6,607.750

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


AEON REIT Investment  (TSE:3292) 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.

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

Shiller PE Ratio=Share Price/E10
=138300.00/5779.82
=23.93

* 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 AEON REIT Investment was 25.74. The lowest was 22.63. And the median was 24.59.


Be Aware

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


AEON REIT Investment E10 Related Terms

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


AEON REIT Investment (TSE:3292) Business Description

Traded in Other Exchanges
N/A
Address
1-2-1, Nishiki-cho Kanda, Chiyoda-ku, Tokyo, JPN, 101-0054
AEON REIT Investment Corp is engaged in the real estate leasing business. The company aims to ensure a stable income and achieve steady portfolio growth over the medium-to-long term by investing in retail and securitized real estate products. The company invests in properties located in various regions throughout Japan including Kinki, Chugoku, Kyushu and Okinawa, Tokai and Hokuriku, Shikoku, Hokkaido and Tohoku, Kanto and Koushinetsu regions. Its investment areas are also located in overseas regions.

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