PPRQF (Choice Properties Real Estate Investment Trust) Shiller PE Ratio : 11.89 (As of Sep. 24, 2024)

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What is Choice Properties Real Estate Investment Trust Shiller PE Ratio?

As of today (2024-09-24), Choice Properties Real Estate Investment Trust's current share price is $11.30. Choice Properties Real Estate Investment Trust's E10 for the quarter that ended in Jun. 2024 was $0.95. Choice Properties Real Estate Investment Trust's Shiller PE Ratio for today is 11.89.

The historical rank and industry rank for Choice Properties Real Estate Investment Trust's Shiller PE Ratio or its related term are showing as below:

PPRQF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.08 Med: 11.21 Max: 12.6
Current: 11.98

During the past years, Choice Properties Real Estate Investment Trust's highest Shiller PE Ratio was 12.60. The lowest was 10.08. And the median was 11.21.

PPRQF's Shiller PE Ratio is ranked better than
51.78% of 450 companies
in the REITs industry
Industry Median: 12.235 vs PPRQF: 11.98

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.

Choice Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Jun. 2024 was $0.517. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.95 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Choice Properties Real Estate Investment Trust Shiller PE Ratio Historical Data

The historical data trend for Choice Properties Real Estate Investment Trust'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.

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Choice Properties Real Estate Investment Trust Shiller PE Ratio Chart

Choice Properties Real Estate Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shiller PE Ratio

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12.38

Choice Properties Real Estate Investment Trust Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Shiller PE Ratio	Get a 7-Day Free Trial															11.14	10.74	12.38	11.79	10.24

Competitive Comparison of Choice Properties Real Estate Investment Trust's Shiller PE Ratio

For the REIT - Retail subindustry, Choice Properties Real Estate Investment Trust'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.

Choice Properties Real Estate Investment Trust's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Choice Properties Real Estate Investment Trust's Shiller PE Ratio falls into.

Choice Properties Real Estate Investment Trust 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.

Choice Properties Real Estate Investment Trust's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	11.30	/	0.95
	=	11.89

Choice Properties Real Estate Investment Trust's E10 for the quarter that ended in Jun. 2024 is calculated as:

For example, Choice Properties Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Jun. 2024 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Jun. 2024 (Change)	*	Current CPI (Jun. 2024)
	=	0.517	/	127.5217	*	127.5217
	=	0.517

Current CPI (Jun. 2024) = 127.5217.

Choice Properties Real Estate Investment Trust Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201409	1.252	99.394	1.606
201412	0.845	98.367	1.095
201503	-1.865	99.789	-2.383
201506	1.694	100.500	2.149
201509	-1.443	100.421	-1.832
201512	0.324	99.947	0.413
201603	-1.098	101.054	-1.386
201606	-4.731	102.002	-5.915
201609	1.770	101.765	2.218
201612	2.070	101.449	2.602
201703	0.195	102.634	0.242
201706	0.334	103.029	0.413
201709	2.630	103.345	3.245
201712	0.296	103.345	0.365
201803	5.137	105.004	6.239
201806	-0.882	105.557	-1.066
201809	0.173	105.636	0.209
201812	0.752	105.399	0.910
201903	-2.415	106.979	-2.879
201906	0.579	107.690	0.686
201909	-0.513	107.611	-0.608
201912	0.718	107.769	0.850
202003	0.340	107.927	0.402
202006	-0.101	108.401	-0.119
202009	0.103	108.164	0.121
202012	0.128	108.559	0.150
202103	-0.068	110.298	-0.079
202106	0.096	111.720	0.110
202109	0.179	112.905	0.202
202112	-0.176	113.774	-0.197
202203	0.423	117.646	0.459
202206	-0.013	120.806	-0.014
202209	0.982	120.648	1.038
202212	-0.589	120.964	-0.621
202303	0.273	122.702	0.284
202306	0.557	124.203	0.572
202309	0.445	125.230	0.453
202312	-0.459	125.072	-0.468
202403	0.145	126.258	0.146
202406	0.517	127.522	0.517

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.

Choice Properties Real Estate Investment Trust (OTCPK:PPRQF) 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.

Choice Properties Real Estate Investment Trust Shiller PE Ratio Related Terms

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Choice Properties Real Estate Investment Trust Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

6HC:Germany CHP.UN:Canada

Address

22 St. Clair Avenue East, Suite 700, Toronto, ON, CAN, M4T 2S5

Website

https://www.choicereit.ca

Choice Properties Real Estate Investment Trust invests in commercial retail, industrial, mixed-use and residential properties across Canada. The company's portfolio primarily consists of shopping centers anchored by supermarkets and stand-alone supermarkets. The properties are mostly located in Ontario and Quebec, followed by Alberta, Nova Scotia, British Columbia, and New Brunswick. Choice Properties generate the majority of revenue from leasing properties to its tenants. The company's principal tenant, the large-format retailer Loblaw Companies, contributes the vast majority of the total rent.