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Boardwalk Real Estate Investment Trust (TSX:BEI.UN) E10 : C$3.50 (As of Mar. 2024)


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What is Boardwalk Real Estate Investment 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.

Boardwalk Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was C$6.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$3.50 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Boardwalk Real Estate Investment Trust's average E10 Growth Rate was 30.10% per year. During the past 3 years, the average E10 Growth Rate was -15.60% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Boardwalk Real Estate Investment Trust was 219.10% per year. The lowest was -29.00% per year. And the median was 3.75% per year.

As of today (2024-05-15), Boardwalk Real Estate Investment Trust's current stock price is C$73.05. Boardwalk Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2024 was C$3.50. Boardwalk Real Estate Investment Trust's Shiller PE Ratio of today is 20.87.

During the past 13 years, the highest Shiller PE Ratio of Boardwalk Real Estate Investment Trust was 26.47. The lowest was 2.96. And the median was 9.44.


Boardwalk Real Estate Investment Trust E10 Historical Data

The historical data trend for Boardwalk Real Estate Investment 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.

Boardwalk Real Estate Investment Trust E10 Chart

Boardwalk Real Estate Investment 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 6.61 5.30 3.54 2.37 3.19

Boardwalk Real Estate Investment 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 2.69 3.00 2.72 3.19 3.50

Competitive Comparison of Boardwalk Real Estate Investment Trust's E10

For the REIT - Residential subindustry, Boardwalk Real Estate Investment 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.


Boardwalk Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Boardwalk Real Estate Investment Trust's Shiller PE Ratio falls into.



Boardwalk Real Estate Investment 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, Boardwalk Real Estate Investment 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)
=6.23/125.4675*125.4675
=6.230

Current CPI (Mar. 2024) = 125.4675.

Boardwalk Real Estate Investment Trust Quarterly Data

per share eps CPI Adj_EPS
201406 1.750 99.473 2.207
201409 1.150 99.394 1.452
201412 -0.300 98.367 -0.383
201503 1.190 99.789 1.496
201506 0.510 100.500 0.637
201509 -4.030 100.421 -5.035
201512 1.690 99.947 2.122
201603 1.210 101.054 1.502
201606 0.140 102.002 0.172
201609 -1.160 101.765 -1.430
201612 -1.830 101.449 -2.263
201703 0.260 102.634 0.318
201706 1.330 103.029 1.620
201709 0.080 103.345 0.097
201712 -1.460 103.345 -1.773
201803 1.490 105.004 1.780
201806 1.220 105.557 1.450
201809 0.710 105.636 0.843
201812 0.000 105.399 0.000
201903 -0.170 106.979 -0.199
201906 1.350 107.690 1.573
201909 1.710 107.611 1.994
201912 -2.340 107.769 -2.724
202003 -0.860 107.927 -1.000
202006 -0.760 108.401 -0.880
202009 -0.790 108.164 -0.916
202012 -4.050 108.559 -4.681
202103 0.620 110.298 0.705
202106 1.090 111.720 1.224
202109 5.060 112.905 5.623
202112 2.820 113.774 3.110
202203 1.510 117.646 1.610
202206 1.540 120.806 1.599
202209 1.020 120.648 1.061
202212 0.310 120.964 0.322
202303 4.840 122.702 4.949
202306 5.080 124.203 5.132
202309 0.860 125.230 0.862
202312 3.760 125.468 3.760
202403 6.230 125.468 6.230

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


Boardwalk Real Estate Investment Trust  (TSX:BEI.UN) 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.

Boardwalk Real Estate Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=73.05/3.5
=20.87

* 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 Boardwalk Real Estate Investment Trust was 26.47. The lowest was 2.96. And the median was 9.44.


Be Aware

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


Boardwalk Real Estate Investment Trust E10 Related Terms

Thank you for viewing the detailed overview of Boardwalk Real Estate Investment Trust's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Boardwalk Real Estate Investment Trust (TSX:BEI.UN) Business Description

Traded in Other Exchanges
Address
1501 - 1st Street S.W., Suite 200, First West Place, Calgary, AB, CAN, T2R 0W1
Boardwalk Real Estate Investment Trust, or Boardwalk REIT, is a real estate investment trust engaged in the acquisition, development, and management of residential multifamily communities throughout Canada. Although the company's cumulative residential property portfolio includes holdings in the provinces of Alberta, Saskatchewan, Ontario, and Quebec, the majority of its total units are located in Alberta. The submarkets around the cities of Calgary and Edmonton, specifically, account for the majority of Boardwalk REIT's total residential suites. The company derives substantially all of its income in the form of rental revenue from leasing its properties to tenants under short-term agreements. Boardwalk REIT's assets in Alberta contribute the majority of this revenue.

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