GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Redefine Properties Ltd (JSE:RDF) » Definitions » Shiller PE Ratio

Redefine Properties (JSE:RDF) Shiller PE Ratio : 5.51 (As of Jun. 23, 2024)


View and export this data going back to 2000. Start your Free Trial

What is Redefine Properties Shiller PE Ratio?

As of today (2024-06-23), Redefine Properties's current share price is R4.02. Redefine Properties's E10 for the fiscal year that ended in Aug23 was R0.73. Redefine Properties's Shiller PE Ratio for today is 5.51.

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

JSE:RDF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 1.85   Med: 9.31   Max: 14.98
Current: 5.51

During the past 13 years, Redefine Properties's highest Shiller PE Ratio was 14.98. The lowest was 1.85. And the median was 9.31.

JSE:RDF's Shiller PE Ratio is ranked better than
86% of 450 companies
in the REITs industry
Industry Median: 11.06 vs JSE:RDF: 5.51

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.

Redefine Properties's adjusted earnings per share data of for the fiscal year that ended in Aug23 was R0.214. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R0.73 for the trailing ten years ended in Aug23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Redefine Properties Shiller PE Ratio Historical Data

The historical data trend for Redefine Properties'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.

Redefine Properties Shiller PE Ratio Chart

Redefine Properties Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.58 4.23 6.61 4.36 4.91

Redefine Properties Semi-Annual Data
Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24
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 - 4.36 - 4.91 -

Competitive Comparison of Redefine Properties's Shiller PE Ratio

For the REIT - Diversified subindustry, Redefine Properties'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.


Redefine Properties's Shiller PE Ratio Distribution in the REITs Industry

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

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



Redefine Properties 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.

Redefine Properties's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=4.02/0.73
=5.51

* 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.

Redefine Properties's E10 for the fiscal year that ended in Aug23 is calculated as:

For example, Redefine Properties's adjusted earnings per share data for the fiscal year that ended in Aug23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Aug23 (Change)*Current CPI (Aug23)
=0.214/150.4220*150.4220
=0.214

Current CPI (Aug23) = 150.4220.

Redefine Properties Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201408 1.238 96.794 1.924
201508 1.425 101.154 2.119
201608 1.015 107.476 1.421
201708 0.657 112.381 0.879
201808 1.230 117.831 1.570
201908 0.616 122.954 0.754
202008 -3.061 126.660 -3.635
202108 0.503 133.003 0.569
202208 1.411 143.536 1.479
202308 0.214 150.422 0.214

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.


Redefine Properties  (JSE:RDF) 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.


Redefine Properties Shiller PE Ratio Related Terms

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


Redefine Properties (JSE:RDF) Business Description

Traded in Other Exchanges
N/A
Address
155 West Street, 4th floor, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Redefine Properties Ltd is a South African real estate investment trust involved in the ownership of office, retail, and industrial properties. The vast majority of Redefine's real estate portfolio is located in South Africa and Poland .Within South Africa, over half of the company's properties are in the province of Gauteng in terms of total value. The group comprises of segments in the local portfolio, being office, retail, industrial, specialised and head office, and the international portfolio being EPP, Redefine Europe and other. Majority of revenue is generated from EPP, international portfolio.

Redefine Properties (JSE:RDF) Headlines

No Headlines