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Essex Property Trust (STU:EXP) Shiller PE Ratio : 35.82 (As of May. 15, 2024)


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What is Essex Property Trust Shiller PE Ratio?

As of today (2024-05-15), Essex Property Trust's current share price is €243.60. Essex Property Trust's E10 for the quarter that ended in Mar. 2024 was €6.80. Essex Property Trust's Shiller PE Ratio for today is 35.82.

The historical rank and industry rank for Essex Property Trust's Shiller PE Ratio or its related term are showing as below:

STU:EXP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 29.26   Med: 60.04   Max: 84.83
Current: 35.93

During the past years, Essex Property Trust's highest Shiller PE Ratio was 84.83. The lowest was 29.26. And the median was 60.04.

STU:EXP's Shiller PE Ratio is ranked worse than
88.99% of 445 companies
in the REITs industry
Industry Median: 11.58 vs STU:EXP: 35.93

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Essex Property Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was €3.910. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €6.80 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Essex Property Trust Shiller PE Ratio Historical Data

The historical data trend for Essex Property Trust's Shiller PE Ratio 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.

Essex Property Trust Shiller PE Ratio Chart

Essex Property Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.38 46.27 57.66 31.65 35.30

Essex Property Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.06 32.99 30.05 35.30 33.20

Competitive Comparison of Essex Property Trust's Shiller PE Ratio

For the REIT - Residential subindustry, Essex Property Trust's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Essex Property Trust's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Essex Property Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Essex Property Trust's Shiller PE Ratio falls into.



Essex Property Trust Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Essex Property Trust's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=243.60/6.8
=35.82

* 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.

Essex Property Trust's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Essex Property Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=3.91/129.4194*129.4194
=3.910

Current CPI (Mar. 2024) = 129.4194.

Essex Property Trust Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.015 100.560 0.019
201409 0.660 100.428 0.851
201412 0.511 99.070 0.668
201503 0.850 99.621 1.104
201506 0.624 100.684 0.802
201509 0.579 100.392 0.746
201512 1.120 99.792 1.453
201603 1.069 100.470 1.377
201606 0.979 101.688 1.246
201609 0.891 101.861 1.132
201612 2.825 101.863 3.589
201703 2.543 102.862 3.200
201706 0.961 103.349 1.203
201709 1.015 104.136 1.261
201712 1.327 104.011 1.651
201803 1.119 105.290 1.375
201806 1.301 106.317 1.584
201809 1.046 106.507 1.271
201812 1.565 105.998 1.911
201903 1.602 107.251 1.933
201906 1.239 108.070 1.484
201909 1.371 108.329 1.638
201912 1.755 108.420 2.095
202003 4.308 108.902 5.120
202006 1.146 108.767 1.364
202009 0.959 109.815 1.130
202012 1.208 109.897 1.423
202103 2.176 111.754 2.520
202106 0.830 114.631 0.937
202109 1.547 115.734 1.730
202112 1.859 117.630 2.045
202203 1.017 121.301 1.085
202206 0.823 125.017 0.852
202209 1.444 125.227 1.492
202212 2.700 125.222 2.791
202303 2.223 127.348 2.259
202306 1.431 128.729 1.439
202309 1.274 129.860 1.270
202312 0.935 129.419 0.935
202403 3.910 129.419 3.910

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

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Essex Property Trust  (STU:EXP) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Essex Property Trust Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Essex Property Trust's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Essex Property Trust (STU:EXP) Business Description

Traded in Other Exchanges
Address
1100 Park Place, Suite 200, San Mateo, CA, USA, 94403
Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.