GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Prologis Inc (WBO:PRLD) » Definitions » Shiller PE Ratio

Prologis (WBO:PRLD) Shiller PE Ratio : (As of Apr. 26, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Prologis Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Prologis Shiller PE Ratio Historical Data

The historical data trend for Prologis'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.

Prologis Shiller PE Ratio Chart

Prologis 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 117.59 60.53 74.69 39.21 42.45

Prologis Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 43.04 41.04 36.23 42.45 -

Competitive Comparison of Prologis's Shiller PE Ratio

For the REIT - Industrial subindustry, Prologis'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.


Prologis's Shiller PE Ratio Distribution in the REITs Industry

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

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



Prologis 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.

Prologis's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Prologis's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.58/129.4194*129.4194
=0.580

Current CPI (Mar. 2024) = 129.4194.

Prologis Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.096 100.560 0.124
201409 0.178 100.428 0.229
201412 0.657 99.070 0.858
201503 0.601 99.621 0.781
201506 0.241 100.684 0.310
201509 0.437 100.392 0.563
201512 0.211 99.792 0.274
201603 0.350 100.470 0.451
201606 0.463 101.688 0.589
201609 0.463 101.861 0.588
201612 0.787 101.863 1.000
201703 0.355 102.862 0.447
201706 0.445 103.349 0.557
201709 1.368 104.136 1.700
201712 0.465 104.011 0.579
201803 0.551 105.290 0.677
201806 0.531 106.317 0.646
201809 0.514 106.507 0.625
201812 0.826 105.998 1.009
201903 0.487 107.251 0.588
201906 0.531 108.070 0.636
201909 0.645 108.329 0.771
201912 0.540 108.420 0.645
202003 0.633 108.902 0.752
202006 0.480 108.767 0.571
202009 0.340 109.815 0.401
202012 0.304 109.897 0.358
202103 0.412 111.754 0.477
202106 0.672 114.631 0.759
202109 0.825 115.734 0.923
202112 1.478 117.630 1.626
202203 1.398 121.301 1.492
202206 0.776 125.017 0.803
202209 1.374 125.227 1.420
202212 0.595 125.222 0.615
202303 0.467 127.348 0.475
202306 1.209 128.729 1.215
202309 0.750 129.860 0.747
202312 0.624 129.419 0.624
202403 0.580 129.419 0.580

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.


Prologis  (WBO:PRLD) 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.


Prologis Shiller PE Ratio Related Terms

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


Prologis (WBO:PRLD) Business Description

Address
Pier 1, Bay 1, San Francisco, CA, USA, 94111
Prologis was formed by the June 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.2 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party AUM. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.