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Madison Pacific Properties (TSX:MPC) E10 : C$0.70 (As of Mar. 2025)


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What is Madison Pacific Properties 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.

Madison Pacific Properties's adjusted earnings per share data for the three months ended in Mar. 2025 was C$0.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.70 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Madison Pacific Properties's average E10 Growth Rate was 4.50% 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 Madison Pacific Properties was 56.00% per year. The lowest was 5.70% per year. And the median was 14.20% per year.

As of today (2025-06-26), Madison Pacific Properties's current stock price is C$5.50. Madison Pacific Properties's E10 for the quarter that ended in Mar. 2025 was C$0.70. Madison Pacific Properties's Shiller PE Ratio of today is 7.86.

During the past 13 years, the highest Shiller PE Ratio of Madison Pacific Properties was 11.61. The lowest was 5.44. And the median was 7.78.


Madison Pacific Properties E10 Historical Data

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties E10 Chart

Madison Pacific Properties Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.65 0.74 0.77 -

Madison Pacific Properties Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Mar25
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 0.68 0.69 - 0.70

Competitive Comparison of Madison Pacific Properties's E10

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties's Shiller PE Ratio Distribution in the Real Estate Industry

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

* The bar in red indicates where Madison Pacific Properties's Shiller PE Ratio falls into.


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Madison Pacific Properties 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, Madison Pacific Properties's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.1/129.1809*129.1809
=0.100

Current CPI (Mar. 2025) = 129.1809.

Madison Pacific Properties Quarterly Data

per share eps CPI Adj_EPS
201502 0.080 99.078 0.104
201505 0.130 100.263 0.167
201508 0.180 100.579 0.231
201511 0.110 100.421 0.142
201602 0.110 100.421 0.142
201605 0.260 101.765 0.330
201608 0.430 101.686 0.546
201611 0.190 101.607 0.242
201702 0.240 102.476 0.303
201705 0.210 103.108 0.263
201708 0.270 103.108 0.338
201711 0.170 103.740 0.212
201802 0.260 104.688 0.321
201805 0.120 105.399 0.147
201808 0.180 106.031 0.219
201811 0.080 105.478 0.098
201902 0.200 106.268 0.243
201905 0.120 107.927 0.144
201908 0.190 108.085 0.227
201911 0.130 107.769 0.156
202002 0.120 108.559 0.143
202005 0.180 107.532 0.216
202008 0.080 108.243 0.095
202011 0.060 108.796 0.071
202102 0.280 109.745 0.330
202105 0.240 111.404 0.278
202108 0.280 112.668 0.321
202111 0.150 113.932 0.170
202202 0.180 115.986 0.200
202205 0.270 120.016 0.291
202208 0.470 120.569 0.504
202211 0.110 121.675 0.117
202302 0.270 122.070 0.286
202305 0.050 124.045 0.052
202308 -0.120 125.389 -0.124
202311 -0.970 125.468 -0.999
202402 0.240 125.468 0.247
202405 -0.020 127.601 -0.020
202408 0.000 127.838 0.000
202503 0.100 129.181 0.100

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


Madison Pacific Properties  (TSX:MPC) 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.

Madison Pacific Properties's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=5.50/0.70
=7.86

* 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 Madison Pacific Properties was 11.61. The lowest was 5.44. And the median was 7.78.


Be Aware

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


Madison Pacific Properties E10 Related Terms

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


Madison Pacific Properties Business Description

Traded in Other Exchanges
Address
389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates industrial, commercial, multifamily, retail, and office rental properties located in Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the rental of industrial, commercial, multi-family, retail, and office real estate properties located in Canada. The company derives its revenue from rental operations and property management.
Executives
Graziano Delucchi Director
Madison Venture Corporation 10% Security Holder
Peter John Bonner Director