GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Global Net Lease Inc (FRA:2N8) » Definitions » E10

Global Net Lease (FRA:2N8) E10 : €-0.11 (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Global Net Lease 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.

Global Net Lease's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.138. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €-0.11 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Global Net Lease's average E10 Growth Rate was -1300.00% 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.

As of today (2024-06-09), Global Net Lease's current stock price is €6.902. Global Net Lease's E10 for the quarter that ended in Mar. 2024 was €-0.11. Global Net Lease's Shiller PE Ratio of today is .

During the past 12 years, the highest Shiller PE Ratio of Global Net Lease was 1286.00. The lowest was 951.00. And the median was 1076.00.


Global Net Lease E10 Historical Data

The historical data trend for Global Net Lease'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.

Global Net Lease E10 Chart

Global Net Lease 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 - - - -16.59 -0.13

Global Net Lease 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 0.01 -0.02 -0.12 -0.13 -0.11

Competitive Comparison of Global Net Lease's E10

For the REIT - Diversified subindustry, Global Net Lease'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.


Global Net Lease's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Global Net Lease's Shiller PE Ratio falls into.



Global Net Lease 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, Global Net Lease'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)
=-0.138/131.7762*131.7762
=-0.138

Current CPI (Mar. 2024) = 131.7762.

Global Net Lease Quarterly Data

per share eps CPI Adj_EPS
201406 -0.098 100.560 -0.128
201409 -0.338 100.428 -0.444
201412 -0.075 99.070 -0.100
201503 0.424 99.621 0.561
201506 -0.668 100.684 -0.874
201509 0.080 100.392 0.105
201512 0.193 99.792 0.255
201603 0.099 100.470 0.130
201606 0.249 101.688 0.323
201609 0.143 101.861 0.185
201612 0.256 101.863 0.331
201703 0.103 102.862 0.132
201706 0.071 103.349 0.091
201709 0.025 104.136 0.032
201712 0.076 104.011 0.096
201803 0.024 105.290 0.030
201806 0.068 106.317 0.084
201809 -0.002 106.507 -0.002
201812 -0.079 105.998 -0.098
201903 0.062 107.251 0.076
201906 0.133 108.070 0.162
201909 0.073 108.329 0.089
201912 0.090 108.420 0.109
202003 0.045 108.902 0.054
202006 0.009 108.767 0.011
202009 -0.008 109.815 -0.010
202012 -0.123 109.897 -0.147
202103 -0.008 111.754 -0.009
202106 -0.116 114.631 -0.133
202109 0.017 115.734 0.019
202112 -0.071 117.630 -0.080
202203 0.045 121.301 0.049
202206 -0.057 125.017 -0.060
202209 0.091 125.227 0.096
202212 -0.160 125.222 -0.168
202303 -0.056 127.348 -0.058
202306 -0.277 128.729 -0.284
202309 -1.040 129.860 -1.055
202312 -0.237 129.419 -0.241
202403 -0.138 131.776 -0.138

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


Global Net Lease  (FRA:2N8) 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 12 years, the highest Shiller P/E Ratio of Global Net Lease was 1286.00. The lowest was 951.00. And the median was 1076.00.


Be Aware

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


Global Net Lease E10 Related Terms

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


Global Net Lease (FRA:2N8) Business Description

Traded in Other Exchanges
Address
650 Fifth Avenue, 30th Floor, New York, NY, USA, 10019
Global Net Lease Inc is a real estate investment trust that manages a globally diversified portfolio of commercial real estate properties. The company is engaged in the ownership, management, operating, lease, acquisition, investment, and sale of the portfolio assets. Its real estate assets span the United States, the United Kingdom, Germany, the Netherlands, Belgium, Luxembourg, France, and Finland. The portfolio assets include office, industrial and distribution, retail, and other, with office buildings representing more than half of the properties.

Global Net Lease (FRA:2N8) Headlines

No Headlines