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Federal Realty Investment Trust  (NYSE:FRT) Shiller PE Ratio: 45.74 (As of Today)

As of today, Federal Realty Investment Trust's current share price is $135.39. Federal Realty Investment Trust's E10 for the quarter that ended in Mar. 2019 was $2.96. Federal Realty Investment Trust's Shiller P/E Ratio for today is 45.74.

NYSE:FRT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 21.68   Max: 65.02
Current: 45.76

21.68
65.02

During the past years, Federal Realty Investment Trust's highest Shiller P/E Ratio was 65.02. The lowest was 21.68. And the median was 44.78.

NYSE:FRT's Shiller PE Ratio is ranked lower than
78% of the 233 Companies
in the Global industry.

( Industry Median: 23.55 vs. NYSE:FRT: 45.76 )

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.

Federal Realty Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2019 was $0.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.96 for the trailing ten years ended in Mar. 2019.


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.

Federal Realty Investment Trust 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 55.03 58.05 52.90 48.66 41.50

Federal Realty Investment Trust Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 41.41 44.26 44.10 41.50 46.59

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.


Federal Realty Investment Trust Distribution

* The bar in red indicates where Federal Realty Investment Trust's Shiller PE Ratio falls into.



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.

Federal Realty Investment Trust's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=135.39/2.96
=45.74

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

Federal Realty Investment Trust's E10 for the fiscal year that ended in Dec18 is calculated as:

For example, Federal Realty Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2019 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2019 (Change)*Current CPI (Mar. 2019)
=0.78/254.202*254.202
=0.780

Current CPI (Mar. 2019) = 254.202.

Federal Realty Investment Trust Quarterly Data

per_share_eps CPI Adj_EPS
200906 0.480 215.693 0.566
200909 0.450 215.969 0.530
200912 0.520 215.949 0.612
201003 0.470 217.631 0.549
201006 0.500 217.965 0.583
201009 0.480 218.439 0.559
201012 0.530 219.179 0.615
201103 0.500 223.467 0.569
201106 0.550 225.722 0.619
201109 0.740 226.889 0.829
201112 0.480 225.672 0.541
201203 0.670 229.392 0.742
201206 0.510 229.478 0.565
201209 0.600 231.407 0.659
201212 0.580 229.601 0.642
201303 0.530 232.773 0.579
201306 0.570 233.504 0.621
201309 0.940 234.149 1.021
201312 0.420 233.049 0.458
201403 0.570 236.293 0.613
201406 0.640 238.343 0.683
201409 0.690 238.031 0.737
201412 0.500 234.812 0.541
201503 0.670 236.119 0.721
201506 0.630 238.638 0.671
201509 0.750 237.945 0.801
201512 0.980 236.525 1.053
201603 1.100 238.132 1.174
201606 0.780 241.018 0.823
201609 0.820 241.428 0.863
201612 0.800 241.432 0.842
201703 0.780 243.801 0.813
201706 1.050 244.955 1.090
201709 1.470 246.819 1.514
201712 0.670 246.524 0.691
201803 0.810 249.554 0.825
201806 0.840 251.989 0.847
201809 0.820 252.439 0.826
201812 0.710 251.233 0.718
201903 0.780 254.202 0.780

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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