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Schroder UK Mid Cap Fund (CHIX:SCPL) E10 : £0.38 (As of Sep. 2023)


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What is Schroder UK Mid Cap Fund 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.

Schroder UK Mid Cap Fund's adjusted earnings per share data for the three months ended in Sep. 2023 was £0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.38 for the trailing ten years ended in Sep. 2023.

During the past 12 months, Schroder UK Mid Cap Fund's average E10 Growth Rate was -11.60% per year. During the past 3 years, the average E10 Growth Rate was -4.80% per year. During the past 5 years, the average E10 Growth Rate was -5.90% per year. During the past 10 years, the average E10 Growth Rate was 1.60% 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 Schroder UK Mid Cap Fund was 12.70% per year. The lowest was -6.70% per year. And the median was 4.00% per year.

As of today (2024-05-24), Schroder UK Mid Cap Fund's current stock price is £6.16. Schroder UK Mid Cap Fund's E10 for the quarter that ended in Sep. 2023 was £0.38. Schroder UK Mid Cap Fund's Shiller PE Ratio of today is 16.21.

During the past 13 years, the highest Shiller PE Ratio of Schroder UK Mid Cap Fund was 17.91. The lowest was 6.53. And the median was 11.53.


Schroder UK Mid Cap Fund E10 Historical Data

The historical data trend for Schroder UK Mid Cap Fund'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.

Schroder UK Mid Cap Fund E10 Chart

Schroder UK Mid Cap Fund Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.53 0.43 0.68 0.44 0.38

Schroder UK Mid Cap Fund Quarterly Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 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 0.68 - 0.44 - 0.38

Competitive Comparison of Schroder UK Mid Cap Fund's E10

For the Asset Management subindustry, Schroder UK Mid Cap Fund'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.


Schroder UK Mid Cap Fund's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Schroder UK Mid Cap Fund's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Schroder UK Mid Cap Fund's Shiller PE Ratio falls into.



Schroder UK Mid Cap Fund 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, Schroder UK Mid Cap Fund'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)
=0/130.1000*130.1000
=0.000

Current CPI (Sep. 2023) = 130.1000.

Schroder UK Mid Cap Fund Quarterly Data

per share eps CPI Adj_EPS
200403 0.000 77.300 0.000
200409 0.000 77.900 0.000
200503 0.000 78.800 0.000
200509 0.000 79.900 0.000
200603 0.000 80.400 0.000
200609 0.000 81.900 0.000
200703 0.000 82.800 0.000
200709 0.000 83.500 0.000
200803 0.000 84.900 0.000
200809 0.000 87.500 0.000
200903 0.000 87.300 0.000
200909 0.000 88.300 0.000
201003 0.000 89.400 0.000
201009 0.000 90.400 0.000
201103 0.000 92.600 0.000
201109 0.000 94.500 0.000
201203 0.000 95.400 0.000
201209 0.000 96.400 0.000
201303 0.000 97.800 0.000
201309 0.000 98.700 0.000
201403 0.000 99.300 0.000
201409 0.000 100.000 0.000
201503 0.000 99.600 0.000
201509 0.000 100.200 0.000
201603 0.000 100.400 0.000
201609 0.000 101.500 0.000
201703 0.000 102.700 0.000
201709 0.000 104.300 0.000
201803 0.000 105.100 0.000
201809 0.000 106.600 0.000
201903 0.000 107.000 0.000
201909 0.000 108.400 0.000
202003 0.000 108.600 0.000
202009 0.000 109.200 0.000
202103 0.000 109.700 0.000
202109 0.000 112.400 0.000
202203 0.000 116.500 0.000
202209 0.000 122.300 0.000
202303 0.000 126.800 0.000
202309 0.000 130.100 0.000

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


Schroder UK Mid Cap Fund  (CHIX:SCPl) 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.

Schroder UK Mid Cap Fund's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.16/0.38
=16.21

* 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 Schroder UK Mid Cap Fund was 17.91. The lowest was 6.53. And the median was 11.53.


Be Aware

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


Schroder UK Mid Cap Fund E10 Related Terms

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


Schroder UK Mid Cap Fund (CHIX:SCPL) Business Description

Traded in Other Exchanges
Address
1 Exchange Crescent, Conference Square, Edinburgh, GBR, EH3 8UL
Schroder UK Mid Cap Fund PLC is a UK-based investment trust company. Its primary objective is to invest in mid-cap equities with the aim of providing a total return in excess of the FTSE 250 (ex-Investment Companies) Index. The company's investment strategy is to invest principally in the investment universe associated with the benchmark index and emphasized on specific companies and targeted themes. It adopts a unique and consistent investment process, taking a stock-specific approach with an emphasis on growth companies and sector weightings. The company may use gearing within pre-agreed limits to enhance investment returns in rising markets.