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SmartCentres Real Estate Investment Trust (TSX:SRU.UN) Shiller PE Ratio : 9.11 (As of May. 14, 2024)


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What is SmartCentres Real Estate Investment Trust Shiller PE Ratio?

As of today (2024-05-14), SmartCentres Real Estate Investment Trust's current share price is C$22.77. SmartCentres Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2024 was C$2.50. SmartCentres Real Estate Investment Trust's Shiller PE Ratio for today is 9.11.

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

TSX:SRU.UN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.94   Med: 11.89   Max: 16.99
Current: 9.16

During the past years, SmartCentres Real Estate Investment Trust's highest Shiller PE Ratio was 16.99. The lowest was 5.94. And the median was 11.89.

TSX:SRU.UN's Shiller PE Ratio is ranked better than
62.25% of 445 companies
in the REITs industry
Industry Median: 11.58 vs TSX:SRU.UN: 9.16

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.

SmartCentres Real Estate Investment Trust's adjusted earnings per share data for the three months ended in Mar. 2024 was C$-0.101. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$2.50 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


SmartCentres Real Estate Investment Trust Shiller PE Ratio Historical Data

The historical data trend for SmartCentres 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.

* Premium members only.

SmartCentres Real Estate Investment Trust Shiller PE Ratio Chart

SmartCentres Real Estate Investment Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.62 9.49 11.26 10.84 9.74

SmartCentres Real Estate Investment Trust Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 10.92 9.90 8.86 9.74 9.30

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

For the REIT - Retail subindustry, SmartCentres 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.


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

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

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



SmartCentres 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.

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

Shiller PE Ratio=Share Price/ E10
=22.77/2.5
=9.11

* 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.

SmartCentres Real Estate Investment Trust's E10 for the quarter that ended in Mar. 2024 is calculated as:

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

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.101/125.4675*125.4675
=-0.101

Current CPI (Mar. 2024) = 125.4675.

SmartCentres Real Estate Investment Trust Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.400 99.473 0.505
201409 0.524 99.394 0.661
201412 0.386 98.367 0.492
201503 0.347 99.789 0.436
201506 0.445 100.500 0.556
201509 0.506 100.421 0.632
201512 0.498 99.947 0.625
201603 0.536 101.054 0.665
201606 0.414 102.002 0.509
201609 0.306 101.765 0.377
201612 0.828 101.449 1.024
201703 0.322 102.634 0.394
201706 0.666 103.029 0.811
201709 0.373 103.345 0.453
201712 0.537 103.345 0.652
201803 0.527 105.004 0.630
201806 0.543 105.557 0.645
201809 0.502 105.636 0.596
201812 0.534 105.399 0.636
201903 0.399 106.979 0.468
201906 0.477 107.690 0.556
201909 0.474 107.611 0.553
201912 0.515 107.769 0.600
202003 0.313 107.927 0.364
202006 -0.654 108.401 -0.757
202009 0.539 108.164 0.625
202012 0.235 108.559 0.272
202103 0.293 110.298 0.333
202106 0.469 111.720 0.527
202109 0.878 112.905 0.976
202112 3.211 113.774 3.541
202203 1.765 117.646 1.882
202206 0.732 120.806 0.760
202209 0.020 120.648 0.021
202212 0.478 120.964 0.496
202303 0.538 122.702 0.550
202306 0.756 124.203 0.764
202309 1.190 125.230 1.192
202312 0.067 125.468 0.067
202403 -0.101 125.468 -0.101

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.


SmartCentres Real Estate Investment Trust  (TSX:SRU.UN) 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.


SmartCentres Real Estate Investment Trust Shiller PE Ratio Related Terms

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SmartCentres Real Estate Investment Trust (TSX:SRU.UN) Business Description

Traded in Other Exchanges
Address
3200 Highway 7, Vaughan, ON, CAN, L4K 5Z5
SmartCentres Real Estate Investment Trust is a Canadian fully integrated commercial and residential REIT, with approximately 174 strategically located properties in communities across the country. The company is developing complete, connected, mixed-use communities on its existing retail properties, under its wholly-owned residential sub-brand, SmartLiving. The Trust develops, leases, constructs, owns and manages shopping centres, office buildings, high-rise and low-rise condominiums and rental residences, seniors' housing, townhome units, self-storage rental facilities, and industrial facilities in Canada.

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