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Alexander's Shiller PE Ratio

: 12.33 (As of Today)
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As of today (2019-10-18), Alexander's's current share price is $354.19. Alexander's's E10 for the quarter that ended in Jun. 2019 was $28.73. Alexander's's Shiller P/E Ratio for today is 12.33.

NYSE:ALX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.24   Max: 64.86
Current: 12.3

10.24
64.86

During the past years, Alexander's's highest Shiller P/E Ratio was 64.86. The lowest was 10.24. And the median was 15.05.

NYSE:ALX's Shiller PE Ratio is ranked higher than
71% of the 285 Companies
in the REITs industry.

( Industry Median: 19.82 vs. NYSE:ALX: 12.30 )

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.

Alexander's's adjusted earnings per share data for the three months ended in Jun. 2019 was $2.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $28.73 for the trailing ten years ended in Jun. 2019.


Alexander's Shiller PE Ratio Historical Data

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

* Premium members only.

Alexander's Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.65 14.75 14.22 13.41 10.52

Alexander's Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 13.18 11.32 10.52 13.18 12.89

Competitive Comparison
* 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.


Alexander's Shiller PE Ratio Distribution

* The bar in red indicates where Alexander's's Shiller PE Ratio falls into.



Alexander's Shiller PE Ratio Calculation

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.

Alexander's's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=354.19/28.73
=12.33

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

Alexander's's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Alexander's's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=2.2/256.143*256.143
=2.200

Current CPI (Jun. 2019) = 256.143.

Alexander's Quarterly Data

per_share_eps CPI Adj_EPS
200909 11.370 215.969 13.485
200912 2.950 215.949 3.499
201003 2.960 217.631 3.484
201006 3.050 217.965 3.584
201009 3.500 218.439 4.104
201012 3.500 219.179 4.090
201103 3.570 223.467 4.092
201106 3.950 225.722 4.482
201109 4.000 226.889 4.516
201112 4.040 225.672 4.585
201203 3.810 229.392 4.254
201206 3.700 229.478 4.130
201209 3.690 231.407 4.084
201212 120.840 229.601 134.809
201303 2.770 232.773 3.048
201306 2.570 233.504 2.819
201309 2.710 234.149 2.965
201312 3.090 233.049 3.396
201403 2.980 236.293 3.230
201406 3.290 238.343 3.536
201409 3.460 238.031 3.723
201412 3.550 234.812 3.872
201503 3.490 236.119 3.786
201506 3.390 238.638 3.639
201509 3.550 237.945 3.822
201512 4.610 236.525 4.992
201603 4.310 238.132 4.636
201606 4.260 241.018 4.527
201609 4.110 241.428 4.361
201612 4.230 241.432 4.488
201703 4.240 243.801 4.455
201706 4.040 244.955 4.225
201709 3.970 246.819 4.120
201712 3.500 246.524 3.637
201803 -1.900 249.554 -1.950
201806 3.430 251.989 3.487
201809 2.930 252.439 2.973
201812 1.950 251.233 1.988
201903 3.490 254.202 3.517
201906 2.200 256.143 2.200

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


  (:) 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.


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