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National Storage Affiliates Trust (National Storage Affiliates Trust) E10 : $0.59 (As of Mar. 2024)


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What is National Storage Affiliates 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.

National Storage Affiliates Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.59 for the trailing ten years ended in Mar. 2024.

During the past 12 months, National Storage Affiliates Trust's average E10 Growth Rate was 52.60% 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.

As of today (2024-05-17), National Storage Affiliates Trust's current stock price is $38.09. National Storage Affiliates Trust's E10 for the quarter that ended in Mar. 2024 was $0.59. National Storage Affiliates Trust's Shiller PE Ratio of today is 64.56.

During the past 12 years, the highest Shiller PE Ratio of National Storage Affiliates Trust was 123.83. The lowest was 60.21. And the median was 78.96.


National Storage Affiliates Trust E10 Historical Data

The historical data trend for National Storage Affiliates 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.

National Storage Affiliates Trust E10 Chart

National Storage Affiliates Trust 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 - - - 0.36 0.52

National Storage Affiliates Trust 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 0.38 0.43 0.45 0.52 0.59

Competitive Comparison of National Storage Affiliates Trust's E10

For the REIT - Industrial subindustry, National Storage Affiliates 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.


National Storage Affiliates Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where National Storage Affiliates Trust's Shiller PE Ratio falls into.



National Storage Affiliates 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, National Storage Affiliates Trust'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)
=0.65/131.7762*131.7762
=0.650

Current CPI (Mar. 2024) = 131.7762.

National Storage Affiliates Trust Quarterly Data

per share eps CPI Adj_EPS
201406 0.000 100.560 0.000
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 0.000 99.621 0.000
201506 0.002 100.684 0.003
201509 0.030 100.392 0.039
201512 0.080 99.792 0.106
201603 0.070 100.470 0.092
201606 0.080 101.688 0.104
201609 0.000 101.861 0.000
201612 0.070 101.863 0.091
201703 0.010 102.862 0.013
201706 0.050 103.349 0.064
201709 0.030 104.136 0.038
201712 -0.080 104.011 -0.101
201803 0.090 105.290 0.113
201806 0.070 106.317 0.087
201809 0.030 106.507 0.037
201812 -0.160 105.998 -0.199
201903 0.080 107.251 0.098
201906 -0.190 108.070 -0.232
201909 -0.200 108.329 -0.243
201912 0.130 108.420 0.158
202003 0.060 108.902 0.073
202006 0.100 108.767 0.121
202009 0.150 109.815 0.180
202012 0.180 109.897 0.216
202103 0.190 111.754 0.224
202106 0.250 114.631 0.287
202109 0.260 115.734 0.296
202112 0.250 117.630 0.280
202203 0.240 121.301 0.261
202206 0.240 125.017 0.253
202209 0.210 125.227 0.221
202212 0.310 125.222 0.326
202303 0.240 127.348 0.248
202306 0.280 128.729 0.287
202309 0.260 129.860 0.264
202312 0.710 129.419 0.723
202403 0.650 131.776 0.650

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


National Storage Affiliates Trust  (NYSE:NSA) 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.

National Storage Affiliates Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38.09/0.59
=64.56

* 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 12 years, the highest Shiller P/E Ratio of National Storage Affiliates Trust was 123.83. The lowest was 60.21. And the median was 78.96.


Be Aware

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


National Storage Affiliates Trust E10 Related Terms

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


National Storage Affiliates Trust (National Storage Affiliates Trust) Business Description

Traded in Other Exchanges
Address
8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. It owned a diversified portfolio of more than 1050 self-storage properties, located in more than 42 states and Puerto Rico, comprising approximately 67.8 million rentable square feet, configured in approximately 533,000 storage units. National Storage's portfolio consists of self-storage properties designed to offer convenient, affordable, and secure storage units.
Executives
Arlen Dale Nordhagen director, 10 percent owner, officer: Chief Executive Officer 5200 DTC PARKWAY, STE 200, GREENWOOD VILLAGE CO 80111
Tamara D Fischer officer: Chief Financial Officer 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Cowan William S. Jr. officer: Chief Strategy Officer 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Derek Bergeon officer: Chief Operating Officer 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Tiffany S. Kenyon officer: Chief Legal Officer C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Chad Leroy Meisinger director 71 VIA SONRISA, SAN CLEMENTE CA 92673
J. Timothy Warren director C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
David Cramer officer: Chief Operating Officer 8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Hylbert Paul William Jr director 2705 SOUTH BOSTON COURT, DENVER CO 802231
Mourick Mark Van director 24901 DANA POINT HARBOR DRIVE, SUITE 230, DANA POINT CA 92629
Charles F Wu director C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Rebecca Lee Steinfort director 2500 W EXECUTIVE PKWY, #100, LEHI UT 84043
Brandon Togashi officer: Chief Accounting Officer C/O NATIONAL STORAGE AFFILIATES TRUST, 5200 DTC PARKWAY, SUIT 200, GREENWOOD VILLAGE CO 80111
Steven B Treadwell officer: Senior Vice President 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Kevin Maxen Howard director, 10 percent owner 14855 SE 82ND DRIVE, CLACKAMAS OR 97015