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Federal Realty Investment Trust (NYSE:FRT)
Shiller P/E Ratio
60.04 (As of Today)

As of today, Federal Realty Investment Trust's current share price is $150.71. Federal Realty Investment Trust's E10 for the quarter that ended in Sep. 2015 was $2.51. Federal Realty Investment Trust's Shiller P/E Ratio for today is 60.04.

FRT' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 21.34   Max: 62.89
Current: 59.93

21.34
62.89

During the past 13 years, Federal Realty Investment Trust's highest Shiller P/E Ratio was 62.89. The lowest was 21.34. And the median was 45.53.

FRT's Shiller P/E Ratio is ranked lower than
88% of the 179 Companies
in the Global REIT - Retail industry.

( Industry Median: 20.38 vs. FRT: 59.93 )

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.

Federal Realty Investment Trust's adjusted earnings per share data for the three months ended in Sep. 2015 was $0.750. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.51 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.

Federal Realty Investment Trust's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=150.71/2.51
=60.04

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

Federal Realty Investment Trust's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Federal Realty Investment Trust'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)
=0.75/237.945*237.945
=0.750

Current CPI (Sep. 2015) = 237.945.

Federal Realty Investment Trust Quarterly Data

201306201309201312201403201406201409201412201503201506201509
per share eps 0.5700.9400.4280.5700.6400.6900.5140.6700.6300.750
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.5810.9550.4370.5740.6390.6900.5210.6750.6280.750
201012201103201106201109201112201203201206201209201212201303
per share eps 0.5320.5000.5500.7400.4860.6700.5100.6000.5820.530
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.5780.5320.5800.7760.5120.6950.5290.6170.6030.542
200806200809200812200903200906200909200912201003201006201009
per share eps 0.4900.6300.5700.1700.4800.4500.5210.4700.5000.480
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.5330.6850.6450.1900.5300.4960.5740.5140.5460.523
200512200603200606200609200612200703200706200709200712200803
per share eps 0.6030.5300.6600.4100.3230.4100.4700.4102.1420.510
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.7290.6310.7740.4810.3810.4750.5370.4682.4270.568

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 own currency.

Federal Realty Investment Trust Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.0056.4646.4633.2734.6638.9643.3445.9843.0454.55

Federal Realty Investment Trust Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 44.0042.3643.0447.7749.6948.0654.5559.7351.1954.26
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