Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Shiller PE Ratio : 12.29 (As of Apr. 27, 2024)

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What is Ellington Residential Mortgage REIT Shiller PE Ratio?

As of today (2024-04-27), Ellington Residential Mortgage REIT's current share price is $6.76. Ellington Residential Mortgage REIT's E10 for the quarter that ended in Dec. 2023 was $0.55. Ellington Residential Mortgage REIT's Shiller PE Ratio for today is 12.29.

The historical rank and industry rank for Ellington Residential Mortgage REIT's Shiller PE Ratio or its related term are showing as below:

EARN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.86 Med: 13.33 Max: 23.84
Current: 12.29

During the past years, Ellington Residential Mortgage REIT's highest Shiller PE Ratio was 23.84. The lowest was 9.86. And the median was 13.33.

EARN's Shiller PE Ratio is ranked worse than
54.93% of 446 companies
in the REITs industry
Industry Median: 11.37 vs EARN: 12.29

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.

Ellington Residential Mortgage REIT's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.860. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.55 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation

Ellington Residential Mortgage REIT Shiller PE Ratio Historical Data

The historical data trend for Ellington Residential Mortgage REIT'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.

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Ellington Residential Mortgage REIT Shiller PE Ratio Chart

Ellington Residential Mortgage REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shiller PE Ratio

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17.00

11.22

Ellington Residential Mortgage REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Shiller PE Ratio	Get a 7-Day Free Trial															17.00	17.75	11.50	13.49	11.22

Competitive Comparison of Ellington Residential Mortgage REIT's Shiller PE Ratio

For the REIT - Mortgage subindustry, Ellington Residential Mortgage REIT'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.

Ellington Residential Mortgage REIT's Shiller PE Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ellington Residential Mortgage REIT's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ellington Residential Mortgage REIT's Shiller PE Ratio falls into.

Ellington Residential Mortgage REIT 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.

Ellington Residential Mortgage REIT's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	6.76	/	0.55
	=	12.29

Ellington Residential Mortgage REIT's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Ellington Residential Mortgage REIT's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Dec. 2023 (Change)	*	Current CPI (Dec. 2023)
	=	0.86	/	129.4194	*	129.4194
	=	0.860

Current CPI (Dec. 2023) = 129.4194.

Ellington Residential Mortgage REIT Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201403	0.300	99.695	0.389
201406	1.210	100.560	1.557
201409	0.390	100.428	0.503
201412	-0.130	99.070	-0.170
201503	0.400	99.621	0.520
201506	0.020	100.684	0.026
201509	-0.530	100.392	-0.683
201512	0.110	99.792	0.143
201603	-0.030	100.470	-0.039
201606	0.380	101.688	0.484
201609	0.730	101.861	0.928
201612	0.220	101.863	0.280
201703	0.220	102.862	0.277
201706	0.150	103.349	0.188
201709	0.480	104.136	0.597
201712	0.060	104.011	0.075
201803	-0.300	105.290	-0.369
201806	0.140	106.317	0.170
201809	0.070	106.507	0.085
201812	-0.800	105.998	-0.977
201903	0.720	107.251	0.869
201906	-0.010	108.070	-0.012
201909	0.300	108.329	0.358
201912	0.780	108.420	0.931
202003	-1.350	108.902	-1.604
202006	1.730	108.767	2.058
202009	0.660	109.815	0.778
202012	0.600	109.897	0.707
202103	0.010	111.754	0.012
202106	-0.360	114.631	-0.406
202109	0.070	115.734	0.078
202112	-0.210	117.630	-0.231
202203	-1.330	121.301	-1.419
202206	-0.820	125.017	-0.849
202209	-1.040	125.227	-1.075
202212	0.880	125.222	0.909
202303	0.170	127.348	0.173
202306	0.090	128.729	0.090
202309	-0.750	129.860	-0.747
202312	0.860	129.419	0.860

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.

Ellington Residential Mortgage REIT (NYSE:EARN) 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.

Ellington Residential Mortgage REIT Shiller PE Ratio Related Terms

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

Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Residential Mortgage REIT (NYSE:EARN) » Definitions » Shiller PE Ratio

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Traded in Other Exchanges

73Z:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Executives

Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Chukudi Melvin Ike	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Operating Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Michael W Vranos	director, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
David Miller	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Bto Earn Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Earn Holdings L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154