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Equity Commonwealth (Equity Commonwealth) Shiller PE Ratio : 12.44 (As of Apr. 25, 2024)


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What is Equity Commonwealth Shiller PE Ratio?

As of today (2024-04-25), Equity Commonwealth's current share price is $18.66. Equity Commonwealth's E10 for the quarter that ended in Dec. 2023 was $1.50. Equity Commonwealth's Shiller PE Ratio for today is 12.44.

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

EQC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.84   Med: 30.88   Max: 65.57
Current: 12.44

During the past years, Equity Commonwealth's highest Shiller PE Ratio was 65.57. The lowest was 9.84. And the median was 30.88.

EQC's Shiller PE Ratio is ranked worse than
54.85% of 443 companies
in the REITs industry
Industry Median: 11.36 vs EQC: 12.44

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.

Equity Commonwealth's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.230. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.50 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equity Commonwealth Shiller PE Ratio Historical Data

The historical data trend for Equity Commonwealth'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.

Equity Commonwealth Shiller PE Ratio Chart

Equity Commonwealth 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 48.67 29.98 30.33 21.81 12.79

Equity Commonwealth 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 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 21.81 17.79 17.18 12.55 12.79

Competitive Comparison of Equity Commonwealth's Shiller PE Ratio

For the REIT - Office subindustry, Equity Commonwealth'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.


Equity Commonwealth's Shiller PE Ratio Distribution in the REITs Industry

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

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



Equity Commonwealth 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.

Equity Commonwealth's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=18.66/1.5
=12.44

* 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.

Equity Commonwealth's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Equity Commonwealth'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)
=0.23/129.4194*129.4194
=0.230

Current CPI (Dec. 2023) = 129.4194.

Equity Commonwealth Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.080 99.695 0.104
201406 -0.140 100.560 -0.180
201409 1.160 100.428 1.495
201412 -1.280 99.070 -1.672
201503 0.050 99.621 0.065
201506 0.040 100.684 0.051
201509 0.180 100.392 0.232
201512 0.280 99.792 0.363
201603 0.310 100.470 0.399
201606 0.560 101.688 0.713
201609 0.670 101.861 0.851
201612 0.080 101.863 0.102
201703 0.170 102.862 0.214
201706 -0.060 103.349 -0.075
201709 0.250 104.136 0.311
201712 -0.190 104.011 -0.236
201803 1.480 105.290 1.819
201806 0.290 106.317 0.353
201809 0.250 106.507 0.304
201812 0.110 105.998 0.134
201903 1.670 107.251 2.015
201906 1.930 108.070 2.311
201909 0.180 108.329 0.215
201912 0.110 108.420 0.131
202003 3.350 108.902 3.981
202006 0.210 108.767 0.250
202009 -0.010 109.815 -0.012
202012 -0.030 109.897 -0.035
202103 -0.100 111.754 -0.116
202106 -0.030 114.631 -0.034
202109 -0.040 115.734 -0.045
202112 -0.030 117.630 -0.033
202203 -0.010 121.301 -0.011
202206 0.010 125.017 0.010
202209 0.090 125.227 0.093
202212 0.170 125.222 0.176
202303 0.190 127.348 0.193
202306 0.120 128.729 0.121
202309 0.220 129.860 0.219
202312 0.230 129.419 0.230

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.


Equity Commonwealth  (NYSE:EQC) 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.


Equity Commonwealth Shiller PE Ratio Related Terms

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


Equity Commonwealth (Equity Commonwealth) Business Description

Traded in Other Exchanges
Address
Two North Riverside Plaza, Suite 2100, Chicago, IL, USA, 60606
Equity Commonwealth is a real estate investment trust engaged in the acquisition, ownership, and operation of primarily office buildings located throughout the United States. The vast majority of the company's real estate portfolio comprises office assets. These properties are fairly evenly dispersed between many of America's major urban markets, notably Washington, Austin, and Denver. Equity Commonwealth derives the vast majority of its income in the form of rental revenue from tenants occupying its offices. The company's largest tenants in terms of revenue generation include a variety of hiking, household goods, publishing, and financial firms.
Executives
Orrin S Shifrin officer: EVP, Gen. Counsel & Secretary CWH MANAGEMENT LLC, 2 N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Andrew Levy officer: SVP & Chief Accounting Officer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
William H Griffiths officer: SVP, CFO & Treasurer C/O EQUITY COMMONWEALTH, TWO NORTH RIVERSIDE PLAZA, SUITE 2100, CHICAGO IL 60606
Ellen-blair Chube director 150 N. RIVERSIDE PLAZA, CHICAGO IL 60606
Gerald A Spector director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Adam Scott Markman officer: EVP, CFO & Treasurer TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Lozier James Lloyd Jr director 4616 DORSET RD, DALLAS TX 75229
David Helfand director, officer: President & CEO C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVERSIDE PLAZA #800, CHICAGO IL 60606
Jeffrey Douglas Brown officer: SVP & Chief Accounting Officer 3726 AVALON TRAIL, LEBANON OH 45036
David S Weinberg officer: EVP & Chief Operating Officer CWH MANAGEMENT LLC, TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Samuel Zell director, other: Chairman of the Board TWO N RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Peter Linneman director 1696 N E MIAMI GARDENS DR, N MIAMI BEACH FL 33179
James A Star director
James Scott Corl director C/O COHEN & STEERS, INC, 280 PARK AVENUE, NEW YORK NY 10017
Martin L Edelman director C/O PAUL HASTINGS JANOFSKY & WALKER LLP, 75 EAST 55TH STREET, NEW YORK NY 10022

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