Mirvac Group (ASX:MGR) Price-to-Owner-Earnings : (As of May. 14, 2024)

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What is Mirvac Group Price-to-Owner-Earnings?

As of today (2024-05-14), Mirvac Group's share price is A$2.07. Mirvac Group does not have enough data to calculate Owner Earnings per Share (TTM), so as pPrice-to-Owner-Earnings.

The historical rank and industry rank for Mirvac Group's Price-to-Owner-Earnings or its related term are showing as below:

During the past 13 years, the highest Price-to-Owner-Earnings of Mirvac Group was 42.27. The lowest was 6.49. And the median was 10.76.

ASX:MGR's Price-to-Owner-Earnings is not ranked ^*
in the REITs industry.
Industry Median: 14.275
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

As of today (2024-05-14), Mirvac Group's share price is A$2.07. Mirvac Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2023 was A$-0.15. Therefore, Mirvac Group's PE Ratio for today is At Loss.

As of today (2024-05-14), Mirvac Group's share price is A$2.07. Mirvac Group's EPS without NRI for the trailing twelve months (TTM) ended in was A$-0.14. Therefore, Mirvac Group's PE Ratio without NRI for today is At Loss.

During the past 13 years, Mirvac Group's highest PE Ratio without NRI was 40.43. The lowest was 0.00. And the median was 11.15.

Mirvac Group Price-to-Owner-Earnings Historical Data

The historical data trend for Mirvac Group's Price-to-Owner-Earnings 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.

* Premium members only.

Mirvac Group Price-to-Owner-Earnings Chart

Mirvac Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Owner-Earnings

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11.02

13.91

11.97

7.93

Mirvac Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Owner-Earnings	Get a 7-Day Free Trial															-	7.93	-	-	-

Competitive Comparison of Mirvac Group's Price-to-Owner-Earnings

For the REIT - Diversified subindustry, Mirvac Group's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings 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.

Mirvac Group's Price-to-Owner-Earnings Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mirvac Group's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where Mirvac Group's Price-to-Owner-Earnings falls into.

Mirvac Group Price-to-Owner-Earnings Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

Mirvac Group's Price-to-Owner-Earnings for today is calculated as

Price-to-Owner-Earnings	=	Share Price	/	Owner Earnings per Share (TTM)
	=	2.07	/	-0.03
	=

Mirvac Group (ASX:MGR) Price-to-Owner-Earnings Explanation

For how to get Owner Earnings per Share (TTM), please click.

Mirvac Group Price-to-Owner-Earnings Related Terms

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Mirvac Group (ASX:MGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mirvac Group (ASX:MGR) » Definitions » Price-to-Owner-Earnings

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Traded in Other Exchanges

MRVGF:USA MJB:Germany

Address

200 George Street, Level 28, Sydney, NSW, AUS, 2000

Website

https://www.mirvac.com

Mirvac is one of Australia's largest residential developers, particularly apartments. Residential development earnings are volatile, generating about a fifth of EBIT in fiscal 2023, despite accounting for only about 15% of the group's invested capital. Over our 10-year discrete forecast period we don't expect residential development to exceed the lofty peaks seen in 2017, when Mirvac settled 3,400 residential lots, however, we expect modest growth over time as Mirvac gains market share and constructs housing into an under-supplied market. About 80% of Mirvac's earnings come from a predictable commercial property portfolio, more than half of which is high-grade office and another fourth in retail, a small industrial portfolio, and a small but growing build-to-rent residential portfolio.

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