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Norstar Holdings (XTAE:NSTR) E10 : ₪-1.76 (As of Mar. 2024)


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What is Norstar Holdings 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.

Norstar Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was ₪-0.870. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₪-1.76 for the trailing ten years ended in Mar. 2024.

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 (2024-06-09), Norstar Holdings's current stock price is ₪7.277. Norstar Holdings's E10 for the quarter that ended in Mar. 2024 was ₪-1.76. Norstar Holdings's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Norstar Holdings was 67.04. The lowest was 2.07. And the median was 7.61.


Norstar Holdings E10 Historical Data

The historical data trend for Norstar Holdings'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.

Norstar Holdings E10 Chart

Norstar Holdings 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 - 2.93 2.96 0.27 -1.54

Norstar Holdings 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 -0.51 -0.58 -1.16 -1.54 -1.76

Competitive Comparison of Norstar Holdings's E10

For the Real Estate Services subindustry, Norstar Holdings'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.


Norstar Holdings's Shiller PE Ratio Distribution in the Real Estate Industry

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

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



Norstar Holdings 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, Norstar Holdings'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)
=-0.87/131.7762*131.7762
=-0.870

Current CPI (Mar. 2024) = 131.7762.

Norstar Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.764 100.560 1.001
201409 -0.076 100.428 -0.100
201412 -1.184 99.070 -1.575
201503 2.005 99.621 2.652
201506 0.668 100.684 0.874
201509 -0.497 100.392 -0.652
201512 -0.171 99.792 -0.226
201603 -3.610 100.470 -4.735
201606 1.356 101.688 1.757
201609 8.155 101.861 10.550
201612 1.543 101.863 1.996
201703 -3.963 102.862 -5.077
201706 5.816 103.349 7.416
201709 -5.586 104.136 -7.069
201712 11.326 104.011 14.349
201803 -10.590 105.290 -13.254
201806 0.115 106.317 0.143
201809 -0.611 106.507 -0.756
201812 1.022 105.998 1.271
201903 2.426 107.251 2.981
201906 -2.492 108.070 -3.039
201909 11.240 108.329 13.673
201912 3.667 108.420 4.457
202003 -16.998 108.902 -20.568
202006 2.263 108.767 2.742
202009 0.172 109.815 0.206
202012 -2.139 109.897 -2.565
202103 1.977 111.754 2.331
202106 -0.334 114.631 -0.384
202109 3.275 115.734 3.729
202112 5.443 117.630 6.098
202203 -6.050 121.301 -6.572
202206 -1.400 125.017 -1.476
202209 -0.660 125.227 -0.695
202212 -13.920 125.222 -14.649
202303 -5.310 127.348 -5.495
202306 -0.260 128.729 -0.266
202309 -3.480 129.860 -3.531
202312 -2.270 129.419 -2.311
202403 -0.870 131.776 -0.870

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


Norstar Holdings  (XTAE:NSTR) 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.

During the past 13 years, the highest Shiller P/E Ratio of Norstar Holdings was 67.04. The lowest was 2.07. And the median was 7.61.


Be Aware

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


Norstar Holdings E10 Related Terms

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


Norstar Holdings (XTAE:NSTR) Business Description

Traded in Other Exchanges
N/A
Address
c/o Meitar Liquornik Geva & Leshem Brandwein Law Office, 16 Aba Hilel Silver Street, Ramat Gan, ISR, 52506
Norstar Holdings Inc is a multinational real estate holdings company based in Israel. The company is the major shareholder of Gazit Globe, a multi-national real estate investment company that acquires, develops, and manages supermarket anchored shopping centers. The company operates through a variety of subsidiaries: in the United States through Equity One Inc., Royal Senior Care LLC, and ProMed Properties Inc.; in Canada through First Capital Realty Inc.; and in Europe through Citycon Oyj. In the United States the company focuses on projects in the senior housing and the medical office building sectors in North America.

Norstar Holdings (XTAE:NSTR) Headlines

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