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Redwood Trust Shiller PE Ratio

: 11.40 (As of Today)
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As of today (2019-10-21), Redwood Trust's current share price is $16.87. Redwood Trust's E10 for the quarter that ended in Jun. 2019 was $1.48. Redwood Trust's Shiller P/E Ratio for today is 11.40.

NYSE:RWT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.57   Max: 61
Current: 11.36

10.57
61

During the past years, Redwood Trust's highest Shiller P/E Ratio was 61.00. The lowest was 10.57. And the median was 12.22.

NYSE:RWT's Shiller PE Ratio is ranked higher than
73% of the 286 Companies
in the REITs industry.

( Industry Median: 19.85 vs. NYSE:RWT: 11.36 )

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.

Redwood Trust's adjusted earnings per share data for the three months ended in Jun. 2019 was $0.300. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.48 for the trailing ten years ended in Jun. 2019.


Redwood Trust 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.

Redwood 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 0.00 0.00 0.00 0.00 11.49

Redwood Trust 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 34.75 17.89 11.49 11.13 11.14

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.


Redwood Trust Shiller PE Ratio Distribution

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



Redwood Trust 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.

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

Shiller P/E Ratio=Share Price/ E10
=16.87/1.48
=11.40

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

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

For example, Redwood Trust'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)
=0.3/256.143*256.143
=0.300

Current CPI (Jun. 2019) = 256.143.

Redwood Trust Quarterly Data

per_share_eps CPI Adj_EPS
200909 0.340 215.969 0.403
200912 0.570 215.949 0.676
201003 0.580 217.631 0.683
201006 0.350 217.965 0.411
201009 0.250 218.439 0.293
201012 0.180 219.179 0.210
201103 0.220 223.467 0.252
201106 0.110 225.722 0.125
201109 0.010 226.889 0.011
201112 -0.040 225.672 -0.045
201203 0.370 229.392 0.413
201206 0.240 229.478 0.268
201209 0.480 231.407 0.531
201212 0.500 229.601 0.558
201303 0.690 232.773 0.759
201306 0.710 233.504 0.779
201309 0.250 234.149 0.273
201312 0.290 233.049 0.319
201403 0.140 236.293 0.152
201406 0.180 238.343 0.193
201409 0.500 238.031 0.538
201412 0.310 234.812 0.338
201503 0.160 236.119 0.174
201506 0.310 238.638 0.333
201509 0.220 237.945 0.237
201512 0.490 236.525 0.531
201603 0.150 238.132 0.161
201606 0.480 241.018 0.510
201609 0.580 241.428 0.615
201612 0.310 241.432 0.329
201703 0.430 243.801 0.452
201706 0.430 244.955 0.450
201709 0.410 246.819 0.425
201712 0.350 246.524 0.364
201803 0.500 249.554 0.513
201806 0.380 251.989 0.386
201809 0.420 252.439 0.426
201812 -0.020 251.233 -0.020
201903 0.490 254.202 0.494
201906 0.300 256.143 0.300

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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