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Balkan and Sea Properties Reit-Varna (XBUL:BSP) E10 : лв0.15 (As of Sep. 2023)


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What is Balkan and Sea Properties Reit-Varna 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.

Balkan and Sea Properties Reit-Varna's adjusted earnings per share data for the three months ended in Sep. 2023 was лв0.310. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв0.15 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Balkan and Sea Properties Reit-Varna's average E10 Growth Rate was 114.30% 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.

As of today (2024-05-01), Balkan and Sea Properties Reit-Varna's current stock price is лв23.00. Balkan and Sea Properties Reit-Varna's E10 for the quarter that ended in Sep. 2023 was лв0.15. Balkan and Sea Properties Reit-Varna's Shiller PE Ratio of today is 153.33.

During the past 13 years, the highest Shiller PE Ratio of Balkan and Sea Properties Reit-Varna was 704.13. The lowest was 150.67. And the median was 199.28.


Balkan and Sea Properties Reit-Varna E10 Historical Data

The historical data trend for Balkan and Sea Properties Reit-Varna'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.

Balkan and Sea Properties Reit-Varna E10 Chart

Balkan and Sea Properties Reit-Varna Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.03

Balkan and Sea Properties Reit-Varna Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
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 0.07 0.11 0.12 0.11 0.15

Competitive Comparison of Balkan and Sea Properties Reit-Varna's E10

For the REIT - Diversified subindustry, Balkan and Sea Properties Reit-Varna'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.


Balkan and Sea Properties Reit-Varna's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Balkan and Sea Properties Reit-Varna's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Balkan and Sea Properties Reit-Varna's Shiller PE Ratio falls into.



Balkan and Sea Properties Reit-Varna 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, Balkan and Sea Properties Reit-Varna's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=0.31/129.8595*129.8595
=0.310

Current CPI (Sep. 2023) = 129.8595.

Balkan and Sea Properties Reit-Varna Quarterly Data

per share eps CPI Adj_EPS
201309 -0.038 98.790 -0.050
201312 -0.096 98.326 -0.127
201403 -0.048 99.695 -0.063
201406 -0.058 100.560 -0.075
201409 -0.038 100.428 -0.049
201412 -0.135 99.070 -0.177
201503 -0.029 99.621 -0.038
201506 -0.038 100.684 -0.049
201509 -0.149 100.392 -0.193
201512 0.327 99.792 0.426
201603 -0.048 100.470 -0.062
201606 -0.044 101.688 -0.056
201609 -0.115 101.861 -0.147
201612 0.279 101.863 0.356
201703 -0.130 102.862 -0.164
201706 -0.100 103.349 -0.126
201709 -0.110 104.136 -0.137
201712 0.339 104.011 0.423
201803 -0.100 105.290 -0.123
201806 -0.083 106.317 -0.101
201809 0.003 106.507 0.004
201812 0.946 105.998 1.159
201903 0.100 107.251 0.121
201906 -0.026 108.070 -0.031
201909 -0.020 108.329 -0.024
201912 -0.030 108.420 -0.036
202003 -0.060 108.902 -0.072
202006 -0.074 108.767 -0.088
202009 0.080 109.815 0.095
202012 0.059 109.897 0.070
202103 -0.070 111.754 -0.081
202106 -0.082 114.631 -0.093
202109 -0.069 115.734 -0.077
202112 0.324 117.630 0.358
202203 -0.080 121.301 -0.086
202206 0.283 125.017 0.294
202209 0.370 125.227 0.384
202303 -0.060 127.348 -0.061
202306 -0.104 128.729 -0.105
202309 0.310 129.860 0.310

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


Balkan and Sea Properties Reit-Varna  (XBUL:BSP) 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.

Balkan and Sea Properties Reit-Varna's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=23.00/0.15
=153.33

* 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 Balkan and Sea Properties Reit-Varna was 704.13. The lowest was 150.67. And the median was 199.28.


Be Aware

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


Balkan and Sea Properties Reit-Varna E10 Related Terms

Thank you for viewing the detailed overview of Balkan and Sea Properties Reit-Varna's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Balkan and Sea Properties Reit-Varna (XBUL:BSP) Business Description

Traded in Other Exchanges
N/A
Address
14 General Kolev Boulevard, Varna, BGR, 9000
Balkan and Sea Properties Reit-Varna is a real estate investment trust.

Balkan and Sea Properties Reit-Varna (XBUL:BSP) Headlines

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