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As of today (2024-03-19), Ares Commercial Real Estate's current share price is $7.60. Ares Commercial Real Estate's E10 for the quarter that ended in Dec. 2023 was $1.13. Ares Commercial Real Estate's Shiller PE Ratio for today is 6.73.
The historical rank and industry rank for Ares Commercial Real Estate's Shiller PE Ratio or its related term are showing as below:
During the past years, Ares Commercial Real Estate's highest Shiller PE Ratio was 13.65. The lowest was 6.39. And the median was 8.91.
ACRE's Shiller PE Ratio is ranked better thanE10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Ares Commercial Real Estate's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.13 for the trailing ten years ended in Dec. 2023.
The historical data trend for Ares Commercial Real Estate's Shiller PE Ratio 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.
For the REIT - Mortgage subindustry, Ares Commercial Real Estate'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.
For the REITs industry and Real Estate sector, Ares Commercial Real Estate's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Ares Commercial Real Estate's Shiller PE Ratio falls into.
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Ares Commercial Real Estate's Shiller PE Ratio for today is calculated as
Shiller PE Ratio | = | Share Price | / | E10 |
= | 7.60 | / | 1.13 | |
= | 6.73 |
* 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.
Ares Commercial Real Estate's E10 for the quarter that ended in Dec. 2023 is calculated as:
For example, Ares Commercial Real Estate'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) |
= | -0.73 | / | 129.4194 | * | 129.4194 | |
= | -0.730 |
Current CPI (Dec. 2023) = 129.4194.
Ares Commercial Real Estate Quarterly Data
Earnings per Share (Diluted) | CPI | Adj_EPS | |
201403 | 0.170 | 99.695 | 0.221 |
201406 | 0.230 | 100.560 | 0.296 |
201409 | 0.140 | 100.428 | 0.180 |
201412 | 0.310 | 99.070 | 0.405 |
201503 | 0.250 | 99.621 | 0.325 |
201506 | 0.310 | 100.684 | 0.398 |
201509 | 0.330 | 100.392 | 0.425 |
201512 | 0.310 | 99.792 | 0.402 |
201603 | 0.180 | 100.470 | 0.232 |
201606 | 0.310 | 101.688 | 0.395 |
201609 | 0.650 | 101.861 | 0.826 |
201612 | 0.280 | 101.863 | 0.356 |
201703 | 0.230 | 102.862 | 0.289 |
201706 | 0.240 | 103.349 | 0.301 |
201709 | 0.390 | 104.136 | 0.485 |
201712 | 0.220 | 104.011 | 0.274 |
201803 | 0.330 | 105.290 | 0.406 |
201806 | 0.330 | 106.317 | 0.402 |
201809 | 0.350 | 106.507 | 0.425 |
201812 | 0.350 | 105.998 | 0.427 |
201903 | 0.300 | 107.251 | 0.362 |
201906 | 0.340 | 108.070 | 0.407 |
201909 | 0.310 | 108.329 | 0.370 |
201912 | 0.330 | 108.420 | 0.394 |
202003 | -0.540 | 108.902 | -0.642 |
202006 | 0.290 | 108.767 | 0.345 |
202009 | 0.440 | 109.815 | 0.519 |
202012 | 0.430 | 109.897 | 0.506 |
202103 | 0.450 | 111.754 | 0.521 |
202106 | 0.430 | 114.631 | 0.485 |
202109 | 0.210 | 115.734 | 0.235 |
202112 | 0.360 | 117.630 | 0.396 |
202203 | 0.340 | 121.301 | 0.363 |
202206 | 0.200 | 125.017 | 0.207 |
202209 | 0.010 | 125.227 | 0.010 |
202212 | 0.050 | 125.222 | 0.052 |
202303 | -0.120 | 127.348 | -0.122 |
202306 | -0.040 | 128.729 | -0.040 |
202309 | 0.170 | 129.860 | 0.169 |
202312 | -0.730 | 129.419 | -0.730 |
Add all the adjusted EPS together and divide 10 will get our 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.
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Thank you for viewing the detailed overview of Ares Commercial Real Estate's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bryan Patrick Donohoe | officer: Chief Executive Officer | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Anton Feingold | officer: General Counsel VP & Secretary | C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
William Stephen Benjamin | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Rebecca Jaisali Parekh | director | C/O ARES COMMERCIAL REAL ESTATE, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Michael J Arougheti | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
James Alan Henderson | officer: President and CIO | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
David A Roth | officer: President | C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154 |
Rand Scott April | director | C/O ARES COMMERCIAL REAL ESTATE MGMT, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Moriarty Edmond N. Iii | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Kirk Sykes | director | C/O ARES COMMERCIAL REAL ESTATE CORP., 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 10167 |
Robert L Rosen | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
James E Skinner | director | NEIMAN MARCUS GROUP, 1618 MAIN ST, DALLAS TX 75201 |
Caroline Blakely | director | ONE NORTH WACKER DRIVE 48TH FL, CHICAGO IL 60606 |
John Jardine | director, officer: Co-Chief Executive Officer | C/O ARES COMMERCIAL REAL ESTATE CORP., ONE NORTH WACKER DRIVE, 48TH FLOOR, CHICAGO IL 60606 |
Todd Schuster | director | C/O TPG RE FINANCE TRUST, INC., 888 SEVENTH AVENUE, 35TH FLOOR, NEW YORK NY 10106 |
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