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SITE Centers (FRA:DDR2) E10 : €0.18 (As of Mar. 2024)


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What is SITE Centers 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.

SITE Centers's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, SITE Centers's average E10 Growth Rate was 400.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SITE Centers was 56.30% per year. The lowest was -42.90% per year. And the median was 4.45% per year.

As of today (2024-06-05), SITE Centers's current stock price is €13.20. SITE Centers's E10 for the quarter that ended in Mar. 2024 was €0.18. SITE Centers's Shiller PE Ratio of today is 73.33.

During the past 13 years, the highest Shiller PE Ratio of SITE Centers was 683.00. The lowest was 27.12. And the median was 80.24.


SITE Centers E10 Historical Data

The historical data trend for SITE Centers'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.

SITE Centers E10 Chart

SITE Centers 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 -0.41 -0.16 -0.08 0.03 0.17

SITE Centers 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 0.04 0.06 0.09 0.17 0.18

Competitive Comparison of SITE Centers's E10

For the REIT - Retail subindustry, SITE Centers'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.


SITE Centers's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where SITE Centers's Shiller PE Ratio falls into.



SITE Centers 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, SITE Centers'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)
=-0.12/131.7762*131.7762
=-0.120

Current CPI (Mar. 2024) = 131.7762.

SITE Centers Quarterly Data

per share eps CPI Adj_EPS
201406 0.280 100.560 0.367
201409 0.264 100.428 0.346
201412 -0.081 99.070 -0.108
201503 -1.275 99.621 -1.687
201506 0.053 100.684 0.069
201509 0.267 100.392 0.350
201512 0.441 99.792 0.582
201603 0.198 100.470 0.260
201606 0.178 101.688 0.231
201609 -0.321 101.861 -0.415
201612 0.152 101.863 0.197
201703 -0.299 102.862 -0.383
201706 0.116 103.349 0.148
201709 -0.034 104.136 -0.043
201712 -1.048 104.011 -1.328
201803 -0.276 105.290 -0.345
201806 -0.060 106.317 -0.074
201809 -0.077 106.507 -0.095
201812 0.817 105.998 1.016
201903 0.133 107.251 0.163
201906 0.044 108.070 0.054
201909 0.073 108.329 0.089
201912 0.045 108.420 0.055
202003 0.136 108.902 0.165
202006 -0.044 108.767 -0.053
202009 0.008 109.815 0.010
202012 -0.025 109.897 -0.030
202103 0.042 111.754 0.050
202106 0.050 114.631 0.057
202109 0.102 115.734 0.116
202112 0.230 117.630 0.258
202203 0.045 121.301 0.049
202206 0.255 125.017 0.269
202209 0.303 125.227 0.319
202212 0.113 125.222 0.119
202303 0.056 127.348 0.058
202306 0.009 128.729 0.009
202309 0.206 129.860 0.209
202312 0.844 129.419 0.859
202403 -0.120 131.776 -0.120

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


SITE Centers  (FRA:DDR2) 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.

SITE Centers's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=13.20/0.18
=73.33

* 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 SITE Centers was 683.00. The lowest was 27.12. And the median was 80.24.


Be Aware

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


SITE Centers E10 Related Terms

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


SITE Centers (FRA:DDR2) Business Description

Traded in Other Exchanges
Address
3300 Enterprise Parkway, Beachwood, OH, USA, 44122
SITE Centers Corp is a United States-based self-administered and self-managed REIT that operates as a fully integrated real estate company. The company is the owner and manager of open-air shopping centers that provide a compelling shopping experience and merchandise mix for retail partners and consumers.

SITE Centers (FRA:DDR2) Headlines

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