Westfield (ASX:WDC) Shiller PE Ratio : (As of May. 23, 2024)

Westfield Shiller PE Ratio Chart

Westfield Annual Data
	Trend	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Shiller PE Ratio		Get a 7-Day Free Trial					5.72	9.16	11.32	16.41	20.63

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Shiller PE Ratio	Get a 7-Day Free Trial															11.32	-	16.41	-	20.63

Competitive Comparison of Westfield's Shiller PE Ratio

For the REIT - Retail subindustry, Westfield'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.

Westfield's Shiller PE Ratio Distribution in the REITs Industry

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

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

Westfield 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.

Westfield's E10 for the fiscal year that ended in Dec17 is calculated as:

For example, Westfield's adjusted earnings per share data for the fiscal year that ended in Dec17 was:

Current CPI (Dec17) = 104.1096.

Westfield Annual Data

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.

Westfield  (ASX:WDC) 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.

Westfield Shiller PE Ratio Related Terms

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Westfield (ASX:WDC) Business Description