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Forest City Realty Trust Inc (NYSE:FCE.A)
Shiller P/E Ratio
263.38 (As of Today)

As of today, Forest City Realty Trust Inc's current share price is $21.07. Forest City Realty Trust Inc's E10 for the quarter that ended in Sep. 2015 was $0.08. Forest City Realty Trust Inc's Shiller P/E Ratio for today is 263.38.

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.

Forest City Realty Trust Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $-1.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.08 for the trailing ten years ended in Sep. 2015.


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.

Forest City Realty Trust Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=21.07/0.08
=263.38

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

Forest City Realty Trust Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Forest City Realty Trust Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-1.18/237.945*237.945
=-1.180

Current CPI (Sep. 2015) = 237.945.

Forest City Realty Trust Inc Quarterly Data

201304201307201310201403201406201409201412201503201506201509
per share eps -0.110-0.0800.6700.080-0.4700.0030.350-0.2701.180-1.180
CPI 232.531233.596233.546236.293238.343238.031234.812236.119238.638237.945
Adj_EPS -0.113-0.0810.6830.081-0.4690.0030.355-0.2721.177-1.180
201101201104201107201110201201201204201207201210201301201303
per share eps -0.0400.2300.030-0.240-0.6500.110-0.280-0.1100.290-0.110
CPI 220.223224.906225.922226.421226.665230.085229.104231.317230.280232.773
Adj_EPS -0.0430.2430.032-0.252-0.6820.114-0.291-0.1130.300-0.112
200807200810200901200904200907200910201001201004201007201010
per share eps -0.080-0.190-0.440-0.300-0.010-0.0300.050-0.1000.620-0.330
CPI 219.964216.573211.143213.240215.351216.177216.687218.009218.011218.711
Adj_EPS -0.087-0.209-0.496-0.335-0.011-0.0330.055-0.1090.677-0.359
200601200604200607200610200701200704200707200710200801200804
per share eps 0.2700.5200.0700.4500.650-0.1700.630-0.1100.130-0.390
CPI 198.300201.500203.500201.800202.416206.686208.299208.936211.080214.823
Adj_EPS 0.3240.6140.0820.5310.764-0.1960.720-0.1250.147-0.432

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.

Forest City Realty Trust Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Dec14
ShillerPE 0.0051.5972.1044.889.5717.7331.5537.6157.50120.83

Forest City Realty Trust Inc Quarterly Data

Apr13Jul13Oct13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 75.2284.2272.1167.51101.39130.30120.83207.90101.56239.54
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