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Apartment Investment & Management Co (NYSE:AIV)
Shiller P/E Ratio
49.96 (As of Today)

As of today, Apartment Investment & Management Co's current share price is $45.96. Apartment Investment & Management Co's E10 for the quarter that ended in Sep. 2016 was $0.92. Apartment Investment & Management Co's Shiller P/E Ratio for today is 49.96.

AIV' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 5.49   Max: 78.16
Current: 48.33

5.49
78.16

During the past 13 years, Apartment Investment & Management Co's highest Shiller P/E Ratio was 78.16. The lowest was 5.49. And the median was 49.30.

AIV's Shiller P/E Ratio is ranked lower than
77% of the 195 Companies
in the Global REIT - Residential industry.

( Industry Median: 23.73 vs. AIV: 48.33 )

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.

Apartment Investment & Management Co's adjusted earnings per share data for the three months ended in Sep. 2016 was $0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.92 for the trailing ten years ended in Sep. 2016.


Definition

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.

Apartment Investment & Management Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=45.96/0.92
=49.96

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apartment Investment & Management Co's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Apartment Investment & Management Co's adjusted earnings per share data for the three months ended in Sep. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=0.07/241.428*241.428
=0.070

Current CPI (Sep. 2016) = 241.428.

Apartment Investment & Management Co Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 0.8500.2500.5800.3900.1200.4300.1501.4100.0701.030
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 0.8620.2570.5930.3950.1220.4390.1521.4120.0701.030
201203201206201209201212201303201306201309201312201403201406
per share eps -0.0900.0000.1700.5000.0300.0700.4600.8400.4400.510
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS -0.0950.0000.1770.5260.0310.0720.4740.8700.4500.517
200909200912201003201006201009201012201103201106201109201112
per share eps -0.350-0.050-0.350-0.150-0.250-0.330-0.270-0.280-0.120-0.190
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS -0.391-0.056-0.388-0.166-0.276-0.363-0.292-0.299-0.128-0.203
200703200706200709200712200803200806200809200812200903200906
per share eps 0.0900.030-0.200-0.170-0.3001.9401.3501.030-0.340-0.260
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 0.1060.035-0.232-0.195-0.3392.1401.4901.183-0.386-0.291

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Apartment Investment & Management Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 54.1112.4019.7940.3042.2753.3046.7061.3551.1847.76

Apartment Investment & Management Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 54.5261.3556.3450.0449.7551.1857.4551.4149.6447.76
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