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Tricon Residential (TSX:TCN) Shiller PE Ratio

: 11.20 (As of Today)
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As of today (2024-04-19), Tricon Residential's current share price is C$15.23. Tricon Residential's E10 for the quarter that ended in Dec. 2023 was C$1.36. Tricon Residential's Shiller PE Ratio for today is 11.20.

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

TSX:TCN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.51   Med: 19.13   Max: 30.37
Current: 11.19

During the past years, Tricon Residential's highest Shiller PE Ratio was 30.37. The lowest was 6.51. And the median was 19.13.

TSX:TCN's Shiller PE Ratio is ranked worse than
51.08% of 1069 companies
in the Real Estate industry
Industry Median: 10.84 vs TSX:TCN: 11.19

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.

Tricon Residential's adjusted earnings per share data for the three months ended in Dec. 2023 was C$-0.188. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$1.36 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Tricon Residential Shiller PE Ratio Historical Data

The historical data trend for Tricon Residential'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.

Tricon Residential Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.05 17.84 21.11 7.79 8.86

Tricon Residential 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 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 7.79 7.81 8.57 7.16 8.86

Competitive Comparison

For the Real Estate Services subindustry, Tricon Residential'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.


Tricon Residential Shiller PE Ratio Distribution

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

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



Tricon Residential 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.

Tricon Residential's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=15.23/1.36
=11.20

* 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.

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

For example, Tricon Residential'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)
=-0.188/125.4675*125.4675
=-0.188

Current CPI (Dec. 2023) = 125.4675.

Tricon Residential Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.322 98.604 0.410
201406 -0.141 99.473 -0.178
201409 0.352 99.394 0.444
201412 0.507 98.367 0.647
201503 -0.151 99.789 -0.190
201506 0.049 100.500 0.061
201509 0.265 100.421 0.331
201512 0.352 99.947 0.442
201603 0.145 101.054 0.180
201606 0.142 102.002 0.175
201609 0.223 101.765 0.275
201612 0.093 101.449 0.115
201703 0.094 102.634 0.115
201706 -0.226 103.029 -0.275
201709 0.356 103.345 0.432
201712 0.243 103.345 0.295
201803 0.595 105.004 0.711
201806 0.381 105.557 0.453
201809 0.313 105.636 0.372
201812 0.296 105.399 0.352
201903 0.214 106.979 0.251
201906 0.053 107.690 0.062
201909 0.199 107.611 0.232
201912 0.316 107.769 0.368
202003 -0.293 107.927 -0.341
202006 0.122 108.401 0.141
202009 0.304 108.164 0.353
202012 0.525 108.559 0.607
202103 -0.176 110.298 -0.200
202106 0.880 111.720 0.988
202109 1.166 112.905 1.296
202112 0.589 113.774 0.650
202203 0.747 117.646 0.797
202206 1.933 120.806 2.008
202209 0.640 120.648 0.666
202212 0.163 120.964 0.169
202303 0.109 122.702 0.111
202306 0.226 124.203 0.228
202309 0.244 125.230 0.244
202312 -0.188 125.468 -0.188

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.


Tricon Residential  (TSX:TCN) 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.


Tricon Residential Shiller PE Ratio Related Terms

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Tricon Residential (TSX:TCN) Business Description

Traded in Other Exchanges
Address
7 St. Thomas Street, Suite 801, Toronto, ON, CAN, M5S 2B7
Tricon Residential Inc is a rental housing company catering to the middle-market demographic throughout the United States and Canada. The company owns and manages approximately 36,000 single-family rental homes and multi-family rental units through an integrated, technology-enabled operating platform.
Executives
Ira Gluskin Director

Tricon Residential (TSX:TCN) Headlines