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Simon Property Group E10

: $5.73 (As of Jun. 2020)
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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.

Simon Property Group's adjusted earnings per share data for the three months ended in Jun. 2020 was $0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.73 for the trailing ten years ended in Jun. 2020.

As of today (2020-09-20), Simon Property Group's current stock price is $69.83. Simon Property Group's E10 for the quarter that ended in Jun. 2020 was $5.73. Simon Property Group's Shiller PE Ratio of today is 12.19.

During the past 13 years, the highest Shiller PE Ratio of Simon Property Group was 69.09. The lowest was 8.27. And the median was 51.97.


Simon Property Group E10 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.

Simon Property Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.35 3.76 4.24 4.87 5.55

Simon Property Group Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
E10 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 5.26 5.41 5.55 5.65 5.73

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.


Simon Property Group E10 Distribution

* The bar in red indicates where Simon Property Group's E10 falls into.



Simon Property Group E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get 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.

For example, Simon Property Group's adjusted earnings per share data for the three months ended in Jun. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2020 (Change)*Current CPI (Jun. 2020)
=0.83/109.3175*109.3175
=0.830

Current CPI (Jun. 2020) = 109.3175.

Simon Property Group Quarterly Data

per share eps CPI Adj_EPS
201009 0.790 92.277 0.936
201012 0.750 92.914 0.882
201103 0.610 94.890 0.703
201106 0.700 95.319 0.803
201109 0.930 95.529 1.064
201112 1.240 95.632 1.417
201203 2.180 97.075 2.455
201206 0.710 96.661 0.803
201209 0.840 97.595 0.941
201212 1.010 97.158 1.136
201303 0.910 98.107 1.014
201306 1.096 98.557 1.215
201309 1.000 98.536 1.109
201312 1.229 98.692 1.361
201403 1.100 100.023 1.202
201406 1.310 100.520 1.425
201409 0.810 100.176 0.884
201412 1.300 98.604 1.441
201503 1.730 99.824 1.895
201506 1.520 100.691 1.650
201509 1.360 100.346 1.482
201512 1.270 99.957 1.389
201603 1.550 100.947 1.679
201606 1.450 101.524 1.561
201609 1.610 101.988 1.726
201612 1.260 102.456 1.344
201703 1.530 103.167 1.621
201706 1.230 103.278 1.302
201709 1.650 104.070 1.733
201712 1.840 104.578 1.923
201803 2.000 105.708 2.068
201806 1.770 106.324 1.820
201809 1.800 106.695 1.844
201812 2.300 106.200 2.368
201903 1.780 107.818 1.805
201906 1.600 108.250 1.616
201909 1.770 108.577 1.782
201912 1.660 108.841 1.667
202003 1.430 108.173 1.445
202006 0.830 109.318 0.830

Add all the adjusted EPS together and divide 10 will get our e10.


Simon Property Group  (NYSE:SPG) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

Simon Property Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=69.83/5.73
=12.19

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

During the past 13 years, the highest Shiller P/E Ratio of Simon Property Group was 69.09. The lowest was 8.27. And the median was 51.97.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


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