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Highwoods Properties Shiller PE Ratio

: 13.98 (As of Today)
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As of today (2022-08-16), Highwoods Properties's current share price is $35.08. Highwoods Properties's E10 for the quarter that ended in Jun. 2022 was $2.51. Highwoods Properties's Shiller PE Ratio for today is 13.98.

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

HIW' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.22   Med: 35.09   Max: 53.01
Current: 13.98

During the past years, Highwoods Properties's highest Shiller PE Ratio was 53.01. The lowest was 13.22. And the median was 35.09.

HIW's Shiller PE Ratio is ranked worse than
51.91% of 418 companies
in the REITs industry
Industry Median: 13.20 vs HIW: 13.98

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.

Highwoods Properties's adjusted earnings per share data for the three months ended in Jun. 2022 was $0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.51 for the trailing ten years ended in Jun. 2022.

Shiller PE for Stocks: The True Measure of Stock Valuation


Highwoods Properties Shiller PE Ratio Historical Data

The historical data trend for Highwoods Properties'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.

Highwoods Properties Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 33.94 23.44 28.31 19.98 18.90

Highwoods Properties Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 21.05 19.73 18.90 18.73 13.63

Competitive Comparison

For the REIT - Office subindustry, Highwoods Properties'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.

   

Highwoods Properties Shiller PE Ratio Distribution

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

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



Highwoods Properties 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.

Highwoods Properties's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=35.08/2.51
=13.98

* 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.

Highwoods Properties's E10 for the quarter that ended in Jun. 2022 is calculated as:

For example, Highwoods Properties's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=0.48/123.3228*123.3228
=0.480

Current CPI (Jun. 2022) = 123.3228.

Highwoods Properties Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201209 0.430 97.633 0.543
201212 0.180 96.871 0.229
201303 0.150 98.209 0.188
201306 0.330 98.518 0.413
201309 0.610 98.790 0.761
201312 0.330 98.326 0.414
201403 0.130 99.695 0.161
201406 0.250 100.560 0.307
201409 0.570 100.428 0.700
201412 0.230 99.070 0.286
201503 0.210 99.621 0.260
201506 0.270 100.684 0.331
201509 0.310 100.392 0.381
201512 0.210 99.792 0.260
201603 4.490 100.470 5.511
201606 0.320 101.688 0.388
201609 0.320 101.861 0.387
201612 0.220 101.863 0.266
201703 0.310 102.862 0.372
201706 0.370 103.349 0.442
201709 0.550 104.136 0.651
201712 0.550 104.011 0.652
201803 0.310 105.290 0.363
201806 0.490 106.317 0.568
201809 0.320 106.507 0.371
201812 0.520 105.998 0.605
201903 0.070 107.251 0.080
201906 0.380 108.070 0.434
201909 0.270 108.329 0.307
201912 0.580 108.420 0.660
202003 1.790 108.902 2.027
202006 0.360 108.767 0.408
202009 0.390 109.815 0.438
202012 0.790 109.897 0.887
202103 0.520 111.754 0.574
202106 0.570 114.631 0.613
202109 0.690 115.734 0.735
202112 1.190 117.630 1.248
202203 0.380 121.301 0.386
202206 0.480 123.323 0.480

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.


Highwoods Properties  (NYSE:HIW) 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.


Highwoods Properties Shiller PE Ratio Related Terms

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


Highwoods Properties Business Description

Highwoods Properties logo
Traded in Other Exchanges
Address
3100 Smoketree Court, Suite 600, Raleigh, NC, USA, 27604
Highwoods Properties Inc is a real estate investment trust engaged in the acquisition, ownership, management, and leasing of properties in urban areas throughout the Southern United States. In terms of total square footage, the vast majority of the company's real estate portfolio comprises office buildings in terms. Highwoods Properties derives nearly all of its income in the form of rental revenue from the tenants of its buildings. Most of this revenue comes from its holdings in the urban markets of Atlanta, Raleigh, Nashville, and Tampa. These cities also account for the majority of the square footage under the company's ownership. Highwoods Properties' largest customers include the U.S. Government, financial services firms, industrial supply retailers, and healthcare companies.
Executives
Gadis David L director 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Anderson Thomas P director 3751 GRISSOM PARKWAY, SUITE 100 MYRTLE BEACH SC 29577
Leary Brian M officer: EVP & COO 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Maiorana Brendan C officer: EVP of Finance & IR 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Lloyd Anne H director
Evans Carlos E director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27616
Anderson Charles Albert director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Penn Kevin E officer: VP/Chief Strategy & Admin 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Klinck Theodore J officer: VP/Chief Investment Officer 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Mulhern Mark F director 410 S. WILMINGTON STREET RALEIGH NC 27601
Hartzell David John director 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Miller Jeffrey Douglas officer: General Counsel & Sec. 3100 SMOKETREE COURT SUITE 600 RALEIGH NC 27604
Kellett Sherry A director
Cutlip Robert G officer: Sr. Vice President C/O HIGHWOODS PROPERTIES 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604
Reames W Brian officer: Sr. Vice President C/O HIGHWOODS PROPERTIES 3100 SMOKETREE COURT, SUITE 600 RALEIGH NC 27604

Highwoods Properties Headlines

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