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MAS (JSE:MSP) Shiller PE Ratio : 10.76 (As of May. 14, 2024)


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What is MAS Shiller PE Ratio?

As of today (2024-05-14), MAS's current share price is R16.90. MAS's E10 for the fiscal year that ended in Jun23 was R1.57. MAS's Shiller PE Ratio for today is 10.76.

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

JSE:MSP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.92   Med: 17.25   Max: 28.79
Current: 10.82

During the past 13 years, MAS's highest Shiller PE Ratio was 28.79. The lowest was 8.92. And the median was 17.25.

JSE:MSP's Shiller PE Ratio is ranked better than
51.34% of 1081 companies
in the Real Estate industry
Industry Median: 11.05 vs JSE:MSP: 10.82

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.

MAS's adjusted earnings per share data of for the fiscal year that ended in Jun23 was R2.648. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R1.57 for the trailing ten years ended in Jun23.

Shiller PE for Stocks: The True Measure of Stock Valuation


MAS Shiller PE Ratio Historical Data

The historical data trend for MAS'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.

MAS Shiller PE Ratio Chart

MAS Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 18.18 23.83 16.53 13.54

MAS Semi-Annual Data
Feb13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 - 16.53 - 13.54 -

Competitive Comparison of MAS's Shiller PE Ratio

For the Real Estate - Diversified subindustry, MAS'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.


MAS's Shiller PE Ratio Distribution in the Real Estate Industry

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

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



MAS 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.

MAS's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=16.90/1.57
=10.76

* 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.

MAS's E10 for the fiscal year that ended in Jun23 is calculated as:

For example, MAS's adjusted earnings per share data for the fiscal year that ended in Jun23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun23 (Change)*Current CPI (Jun23)
=2.648/128.7287*128.7287
=2.648

Current CPI (Jun23) = 128.7287.

MAS Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.000 100.560 0.000
201506 2.327 100.684 2.975
201606 0.083 101.688 0.105
201706 1.221 103.349 1.521
201806 0.454 106.317 0.550
201906 1.422 108.070 1.694
202006 -0.616 108.767 -0.729
202106 1.700 114.631 1.909
202206 3.323 125.017 3.422
202306 2.648 128.729 2.648

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.


MAS  (JSE:MSP) 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.


MAS Shiller PE Ratio Related Terms

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


MAS (JSE:MSP) Business Description

Traded in Other Exchanges
N/A
Address
Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, VG1110
MAS PLC is a commercial real estate development company that operates throughout mostly Western Europe, as well as Central and Eastern Europe. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The group's investment property comprises income-generating property, development property, and land bank division. The group holds an interest in properties such as Whitbread hotels and Arches, Bruchsal, Nova Park, Stara Zagora, Chippenham, and others. The company geographically operates in Romania, Bulgaria, Poland, Germany and UK. It derives its majority Revenue from Romania.

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