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Apartment Investment & Management Co (NYSE:AIV)
Shiller PE Ratio
45.02 (As of Today)

As of today, Apartment Investment & Management Co's current share price is $43.67. Apartment Investment & Management Co's E10 for the quarter that ended in Mar. 2017 was $0.97. Apartment Investment & Management Co's Shiller P/E Ratio for today is 45.02.

AIV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.43   Max: 82.5
Current: 45.19

5.43
82.5

During the past 13 years, Apartment Investment & Management Co's highest Shiller P/E Ratio was 82.50. The lowest was 5.43. And the median was 49.51.

AIV's Shiller PE Ratio is ranked lower than
79% of the 204 Companies
in the Global REIT - Residential industry.

( Industry Median: 25.30 vs. AIV: 45.19 )

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.

Apartment Investment & Management Co's adjusted earnings per share data for the three months ended in Mar. 2017 was $0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.97 for the trailing ten years ended in Mar. 2017.


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.

Apartment Investment & Management Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=43.67/0.97
=45.02

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

Apartment Investment & Management Co's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Apartment Investment & Management Co's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=0.07/243.801*243.801
=0.070

Current CPI (Mar. 2017) = 243.801.

Apartment Investment & Management Co Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 0.2500.5800.3900.1200.4300.1501.4100.0701.0300.070
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS 0.2600.5990.3980.1230.4430.1541.4260.0711.0400.070
201206201209201212201303201306201309201312201403201406201409
per share eps 0.0000.1700.5000.0300.0700.4600.8400.4400.5100.850
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.0000.1790.5310.0310.0730.4790.8790.4540.5220.871
200912201003201006201009201012201103201106201109201112201203
per share eps -0.050-0.350-0.150-0.250-0.330-0.270-0.280-0.120-0.190-0.090
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS -0.056-0.392-0.168-0.279-0.367-0.295-0.302-0.129-0.205-0.096
200706200709200712200803200806200809200812200903200906200909
per share eps 0.030-0.200-0.170-0.3001.9401.3501.030-0.340-0.260-0.350
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 0.035-0.234-0.197-0.3432.1621.5041.194-0.390-0.294-0.395

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.

Apartment Investment & Management Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 54.2812.4219.6540.3542.3553.3946.3860.8851.2647.79

Apartment Investment & Management Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 60.8856.4550.1449.8451.2657.5551.4849.7247.7945.90
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