GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mapletree Pan Asia Commercial Trust (OTCPK:MPCMF) » Definitions » E10

Mapletree Pan Asia Commercial Trust (Mapletree Pan Asia Commercial Trust) E10 : $0.12 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Mapletree Pan Asia Commercial Trust 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.

Mapletree Pan Asia Commercial Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.015. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.12 for the trailing ten years ended in Dec. 2023.

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 (2024-06-08), Mapletree Pan Asia Commercial Trust's current stock price is $0.9252. Mapletree Pan Asia Commercial Trust's E10 for the quarter that ended in Dec. 2023 was $0.12. Mapletree Pan Asia Commercial Trust's Shiller PE Ratio of today is 7.71.

During the past 13 years, the highest Shiller PE Ratio of Mapletree Pan Asia Commercial Trust was 10.53. The lowest was 6.72. And the median was 8.75.


Mapletree Pan Asia Commercial Trust E10 Historical Data

The historical data trend for Mapletree Pan Asia Commercial Trust'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.

Mapletree Pan Asia Commercial Trust E10 Chart

Mapletree Pan Asia Commercial Trust Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.15 0.18

Mapletree Pan Asia Commercial Trust Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.09 0.18 0.14 0.13 0.12

Competitive Comparison of Mapletree Pan Asia Commercial Trust's E10

For the REIT - Office subindustry, Mapletree Pan Asia Commercial Trust'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.


Mapletree Pan Asia Commercial Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mapletree Pan Asia Commercial Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mapletree Pan Asia Commercial Trust's Shiller PE Ratio falls into.



Mapletree Pan Asia Commercial Trust 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, Mapletree Pan Asia Commercial Trust's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.015/129.4194*129.4194
=0.015

Current CPI (Dec. 2023) = 129.4194.

Mapletree Pan Asia Commercial Trust Quarterly Data

per share eps CPI Adj_EPS
201306 0.013 98.518 0.017
201309 0.013 98.790 0.017
201312 0.014 98.326 0.018
201403 0.089 99.695 0.116
201406 0.014 100.560 0.018
201409 0.014 100.428 0.018
201412 0.015 99.070 0.020
201503 0.066 99.621 0.086
201506 0.013 100.684 0.017
201509 0.014 100.392 0.018
201512 0.014 99.792 0.018
201603 0.060 100.470 0.077
201606 0.014 101.688 0.018
201609 0.014 101.861 0.018
201612 0.015 101.863 0.019
201703 0.052 102.862 0.065
201706 0.015 103.349 0.019
201709 0.016 104.136 0.020
201712 0.016 104.011 0.020
201803 0.101 105.290 0.124
201806 0.016 106.317 0.019
201809 0.015 106.507 0.018
201812 0.016 105.998 0.020
201903 0.102 107.251 0.123
201906 0.016 108.070 0.019
201909 0.092 108.329 0.110
201912 0.017 108.420 0.020
202003 0.006 108.902 0.007
202009 -0.020 109.815 -0.024
202103 0.036 111.754 0.042
202109 0.039 115.734 0.044
202112 0.016 117.630 0.018
202203 0.022 121.301 0.023
202206 0.017 125.017 0.018
202209 0.040 125.227 0.041
202212 0.015 125.222 0.016
202303 0.005 127.348 0.005
202306 0.015 128.729 0.015
202309 0.015 129.860 0.015
202312 0.015 129.419 0.015

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


Mapletree Pan Asia Commercial Trust  (OTCPK:MPCMF) 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.

Mapletree Pan Asia Commercial Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=0.9252/0.12
=7.71

* 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 Mapletree Pan Asia Commercial Trust was 10.53. The lowest was 6.72. And the median was 8.75.


Be Aware

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


Mapletree Pan Asia Commercial Trust E10 Related Terms

Thank you for viewing the detailed overview of Mapletree Pan Asia Commercial Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Mapletree Pan Asia Commercial Trust (Mapletree Pan Asia Commercial Trust) Business Description

Traded in Other Exchanges
Address
10-80 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Pan Asia Commercial Trust was established in July 2022 as a result of the merger between Mapletree Commercial Trust and Mapletree North Asia Commercial Trust. The trust has a diversified portfolio of 18 properties, which includes business parks, offices and retail malls across Singapore, Hong Kong, China, Japan, and South Korea. The trust is externally managed by MPACT Management, a subsidiary of its sponsor, which owns around a 56% stake in the trust.

Mapletree Pan Asia Commercial Trust (Mapletree Pan Asia Commercial Trust) Headlines

From GuruFocus

Mapletree Pan Asia Commercial Trust's Dividend Analysis

By GuruFocus Research 11-01-2023