GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Invesque Inc (TSX:IVQ) » Definitions » E10

Invesque (TSX:IVQ) E10 : C$10.05 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Invesque 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.

Invesque's adjusted earnings per share data for the three months ended in Dec. 2023 was C$-0.912. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$10.05 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Invesque's average E10 Growth Rate was 109.00% 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 Invesque was 34.20% per year. The lowest was 22.40% per year. And the median was 28.30% per year.

As of today (2024-04-30), Invesque's current stock price is C$0.27. Invesque's E10 for the quarter that ended in Dec. 2023 was C$10.05. Invesque's Shiller PE Ratio of today is 0.03.

During the past 13 years, the highest Shiller PE Ratio of Invesque was 1.15. The lowest was 0.02. And the median was 0.18.


Invesque E10 Historical Data

The historical data trend for Invesque'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.

Invesque E10 Chart

Invesque 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 - -2.06 -1.05 4.83 10.05

Invesque Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 4.83 6.30 7.09 8.24 10.05

Competitive Comparison of Invesque's E10

For the Real Estate Services subindustry, Invesque'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.


Invesque's Shiller PE Ratio Distribution in the Real Estate Industry

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

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



Invesque 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, Invesque's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.912/125.4675*125.4675
=-0.912

Current CPI (Dec. 2023) = 125.4675.

Invesque Quarterly Data

per share eps CPI Adj_EPS
201403 -7.787 98.604 -9.908
201406 66.743 99.473 84.184
201409 -1.973 99.394 -2.491
201412 -3.975 98.367 -5.070
201503 -0.746 99.789 -0.938
201506 -2.988 100.500 -3.730
201509 27.668 100.421 34.569
201512 -2.791 99.947 -3.504
201603 -0.899 101.054 -1.116
201606 -0.116 102.002 -0.143
201609 0.118 101.765 0.145
201612 0.204 101.449 0.252
201703 0.201 102.634 0.246
201706 0.199 103.029 0.242
201709 0.172 103.345 0.209
201712 0.077 103.345 0.093
201803 0.065 105.004 0.078
201806 0.236 105.557 0.281
201809 0.182 105.636 0.216
201812 -0.914 105.399 -1.088
201903 0.160 106.979 0.188
201906 -0.412 107.690 -0.480
201909 -0.053 107.611 -0.062
201912 0.158 107.769 0.184
202003 -1.452 107.927 -1.688
202006 -0.732 108.401 -0.847
202009 -1.442 108.164 -1.673
202012 -0.820 108.559 -0.948
202103 0.038 110.298 0.043
202106 -0.073 111.720 -0.082
202109 -0.114 112.905 -0.127
202112 -0.128 113.774 -0.141
202203 0.076 117.646 0.081
202206 -0.179 120.806 -0.186
202209 -0.320 120.648 -0.333
202212 -0.747 120.964 -0.775
202303 -0.369 122.702 -0.377
202306 -1.076 124.203 -1.087
202309 0.014 125.230 0.014
202312 -0.912 125.468 -0.912

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


Invesque  (TSX:IVQ) 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.

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

Shiller PE Ratio=Share Price/E10
=0.27/10.05
=0.03

* 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 Invesque was 1.15. The lowest was 0.02. And the median was 0.18.


Be Aware

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


Invesque E10 Related Terms

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


Invesque (TSX:IVQ) Business Description

Traded in Other Exchanges
Address
333 Bay Street, Suite 3400, Toronto, ON, CAN, M5H 2S7
Invesque Inc is a Canada-based company engaged in owning income-producing seniors housing and care properties. The company focuses on acquiring and investing in properties that offer transitional care, long-term care, memory care assisted living, independent living programs, and medical office properties. The rental income generates maximum revenue for the company. It offers its services to the United States of America. Its operating segments comprise of Seniors housing and care investment properties, Owner occupied properties, Medical office buildings, and Corporate.

Invesque (TSX:IVQ) Headlines

No Headlines