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Seritage Growth Properties (Seritage Growth Properties) E10 : $0.00 (As of Dec. 2023)


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What is Seritage Growth Properties 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.

Seritage Growth Properties's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was $-2.850. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 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 (2024-04-27), Seritage Growth Properties's current stock price is $ 9.32. Seritage Growth Properties's E10 for the fiscal year that ended in Dec. 2023 was $0.00. Seritage Growth Properties's Shiller PE Ratio of today is .


Seritage Growth Properties E10 Historical Data

The historical data trend for Seritage Growth Properties'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.

Seritage Growth Properties E10 Chart

Seritage Growth Properties Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
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Seritage Growth Properties Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Seritage Growth Properties's E10

For the REIT - Retail subindustry, Seritage Growth Properties'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.


Seritage Growth Properties's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Seritage Growth Properties's Shiller PE Ratio falls into.



Seritage Growth Properties 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, Seritage Growth Properties's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-2.85/129.4194*129.4194
=-2.850

Current CPI (Dec. 2023) = 129.4194.

Seritage Growth Properties does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.


Seritage Growth Properties  (NYSE:SRG) 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.


Be Aware

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


Seritage Growth Properties E10 Related Terms

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


Seritage Growth Properties (Seritage Growth Properties) Business Description

Traded in Other Exchanges
Address
500 Fifth Avenue, Suite 1530, New York, NY, USA, 10110
Seritage Growth Properties is engaged in the real property business through its investment in its operating partnership, Seritage Growth Properties, L.P. Seritage is principally engaged in the acquisition, ownership, development, redevelopment, management and leasing of diversified retail real estate throughout the United States. The company's primary objective is to create value for its shareholders through the re-leasing and redevelopment of the majority of its Wholly Owned Properties and JV Properties. It generates a majority of its revenue from tenants.
Executives
Edward S Lampert other: Trustee 1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Mark Wilsmann director SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Mitchell A Sabshon director 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Talya Nevo-hacohen director C/O SABRA HEALTH CARE REIT, INC., 18500 VON KARMAN, SUITE 550, IRVINE CA 92612
Adam S Metz director 110 NORTH WACKER DRIVE, CHICAGO IL 60606
Eric Dinenberg officer: Chief Operating Officer SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, STE. 1530, NEW YORK NY 10110
Allison Thrush director 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrea Olshan director, officer: CEO and President 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Andrew Galvin officer: EVP of Investments SERITAGE GROWTH PROPERTIES, 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Amanda Lombard officer: CFO and EVP 500 FIFTH AVENUE, SUITE 1530, NEW YORK NY 10110
Brian Robert Dickman officer: CFO and EVP 411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Kenneth T Lombard officer: EVP, Chief Operating Officer 550 SOUTH HOPE STREET, SUITE 2850, LOS ANGELES CA 90071
Benjamin Schall director, officer: CEO, President 261 BROADWAY, NO.11B, NEW YORK NY 10007
Matthew E Fernand officer: General Counsel and EVP 3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179
James Edwin Bry officer: See Remarks 3333 BEVERLY ROAD, C/O SERITAGE GROWTH PROPERTIES, HOFFMAN ESTATES IL 60179

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