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

As of today, Forest City Enterprises Inc's current share price is $22.25. Forest City Enterprises Inc's E10 for the quarter that ended in Mar. 2015 was $-0.07. Forest City Enterprises Inc's Shiller P/E Ratio for today is .

FCE.A' s 10-Year Shiller P/E Ratio Range
Min: 5.63   Max: 223.71
Current: 0

5.63
223.71

During the past 13 years, Forest City Enterprises Inc's highest Shiller P/E Ratio was 223.71. The lowest was 5.63. And the median was 43.77.

FCE.A's Shiller P/E Ratiois ranked lower than
292% of the 643 Companies
in the Global Real Estate - General industry.

( Industry Median: 15.92 vs. FCE.A: 0.00 )

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 Enterprises Inc's adjusted earnings per share data for the three months ended in Mar. 2015 was $-0.271. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $-0.07 for the trailing six years ended in Mar. 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 Enterprises Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=22.25/-0.07
=

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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

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

Adj_EPS=Earnigns per Share/CPI of Mar. 2015*CPI of Current
=-0.27/236.119*236.959
=-0.271

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 236.959.

Forest City Enterprises Inc Quarterly Data

201301201303201304201307201310201403201406201409201412201503
per share eps 0.286-0.110-0.110-0.0800.6700.080-0.4700.0000.348-0.270
CPI 230.280232.773232.531233.596233.546236.293238.343238.031234.812236.119
Adj_EPS 0.294-0.112-0.112-0.0810.6800.080-0.4670.0000.351-0.271
201007201010201101201104201107201110201201201204201207201210
per share eps 0.620-0.330-0.0400.2300.030-0.240-0.6460.110-0.280-0.110
CPI 218.011218.711220.223224.906225.922226.421226.665230.085229.104231.317
Adj_EPS 0.674-0.358-0.0430.2420.031-0.251-0.6750.113-0.290-0.113
200907200910201001201004
per share eps -0.010-0.0300.040-0.100
CPI 215.351216.177216.687218.009
Adj_EPS -0.011-0.0330.044-0.109

Add all the adjusted EPS together and divide 6 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 own currency.

Forest City Enterprises Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Dec14
ShillerPE 37.9044.7364.1047.2811.8324.9252.39183.800.000.00

Forest City Enterprises Inc Quarterly Data

Jan13Mar13Apr13Jul13Oct13Mar14Jun14Sep14Dec14Mar15
ShillerPE 0.000.000.000.000.000.000.000.000.000.00
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