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Emira Property Fund (JSE:EMI) Shiller PE Ratio : 4.32 (As of May. 14, 2024)


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What is Emira Property Fund Shiller PE Ratio?

As of today (2024-05-14), Emira Property Fund's current share price is R9.60. Emira Property Fund's E10 for the fiscal year that ended in Jun22 was R2.22. Emira Property Fund's Shiller PE Ratio for today is 4.32.

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

JSE:EMI' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.38   Med: 5.66   Max: 7.7
Current: 4.43

During the past 13 years, Emira Property Fund's highest Shiller PE Ratio was 7.70. The lowest was 2.38. And the median was 5.66.

JSE:EMI's Shiller PE Ratio is ranked better than
91.24% of 445 companies
in the REITs industry
Industry Median: 11.58 vs JSE:EMI: 4.43

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.

Emira Property Fund's adjusted earnings per share data of for the fiscal year that ended in Jun22 was R1.979. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R2.22 for the trailing ten years ended in Jun22.

Shiller PE for Stocks: The True Measure of Stock Valuation


Emira Property Fund Shiller PE Ratio Historical Data

The historical data trend for Emira Property Fund'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.

Emira Property Fund Shiller PE Ratio Chart

Emira Property Fund Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.69 5.98 3.18 4.78 4.05

Emira Property Fund Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23
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 4.78 - 4.05 - -

Competitive Comparison of Emira Property Fund's Shiller PE Ratio

For the REIT - Diversified subindustry, Emira Property Fund'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.


Emira Property Fund's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Emira Property Fund's Shiller PE Ratio falls into.



Emira Property Fund 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.

Emira Property Fund's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=9.60/2.22
=4.32

* 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.

Emira Property Fund's E10 for the fiscal year that ended in Jun22 is calculated as:

For example, Emira Property Fund's adjusted earnings per share data for the fiscal year that ended in Jun22 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun22 (Change)*Current CPI (Jun22)
=1.979/140.8349*140.8349
=1.979

Current CPI (Jun22) = 140.8349.

Emira Property Fund Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201306 2.895 89.708 4.545
201406 2.438 95.813 3.584
201506 3.759 100.173 5.285
201606 1.254 106.713 1.655
201706 1.429 112.054 1.796
201806 1.662 116.959 2.001
201906 1.758 122.191 2.026
202006 -1.479 124.807 -1.669
202106 0.955 131.113 1.026
202206 1.979 140.835 1.979

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.


Emira Property Fund  (JSE:EMI) 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.


Emira Property Fund Shiller PE Ratio Related Terms

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


Emira Property Fund (JSE:EMI) Business Description

Traded in Other Exchanges
N/A
Address
33 Sloane Street, 1st Floor, Block A, Knightsbridge, Bryanston, Johannesburg, GT, ZAF, 2191
Emira Property Fund Ltd is a South African real estate investment trust. The company's portfolio consists of office, retail, residential and industrial properties. Most of the properties are in Gauteng, with the others in Western Cape and KwaZulu-Natal. The company operates through five segments namely: Office; Retail; Industrial; Residential and Corporate. The office segment comprises commercial properties. The retail segment includes shopping centers. The industrial segment consists of industrial properties.

Emira Property Fund (JSE:EMI) Headlines

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