GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Simon Property Group Inc (BSP:SIMN34) » Definitions » Shiller PE Ratio

Simon Property Group (BSP:SIMN34) Shiller PE Ratio : 20.84 (As of Apr. 29, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Simon Property Group Shiller PE Ratio?

As of today (2024-04-29), Simon Property Group's current share price is R$182.78. Simon Property Group's E10 for the quarter that ended in Dec. 2023 was R$8.77. Simon Property Group's Shiller PE Ratio for today is 20.84.

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

BSP:SIMN34' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.2   Med: 36.59   Max: 68.62
Current: 19.7

During the past years, Simon Property Group's highest Shiller PE Ratio was 68.62. The lowest was 8.20. And the median was 36.59.

BSP:SIMN34's Shiller PE Ratio is ranked worse than
70.09% of 448 companies
in the REITs industry
Industry Median: 11.32 vs BSP:SIMN34: 19.70

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.

Simon Property Group's adjusted earnings per share data for the three months ended in Dec. 2023 was R$2.805. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$8.77 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Simon Property Group Shiller PE Ratio Historical Data

The historical data trend for Simon Property Group'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.

Simon Property Group Shiller PE Ratio Chart

Simon Property Group 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 26.91 14.90 24.98 17.14 19.74

Simon Property Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 17.14 16.02 16.33 15.04 19.74

Competitive Comparison of Simon Property Group's Shiller PE Ratio

For the REIT - Retail subindustry, Simon Property Group'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.


Simon Property Group's Shiller PE Ratio Distribution in the REITs Industry

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

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



Simon Property Group 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.

Simon Property Group's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=182.78/8.77
=20.84

* 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.

Simon Property Group's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Simon Property Group's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=2.805/129.4194*129.4194
=2.805

Current CPI (Dec. 2023) = 129.4194.

Simon Property Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.639 99.695 0.830
201406 0.732 100.560 0.942
201409 0.473 100.428 0.610
201412 0.859 99.070 1.122
201503 1.359 99.621 1.765
201506 1.182 100.684 1.519
201509 1.327 100.392 1.711
201512 1.232 99.792 1.598
201603 1.433 100.470 1.846
201606 1.241 101.688 1.579
201609 1.309 101.861 1.663
201612 1.057 101.863 1.343
201703 1.196 102.862 1.505
201706 1.013 103.349 1.269
201709 1.292 104.136 1.606
201712 1.516 104.011 1.886
201803 1.639 105.290 2.015
201806 1.669 106.317 2.032
201809 1.849 106.507 2.247
201812 2.233 105.998 2.726
201903 1.709 107.251 2.062
201906 1.542 108.070 1.847
201909 1.823 108.329 2.178
201912 1.703 108.420 2.033
202003 1.747 108.902 2.076
202006 1.077 108.767 1.281
202009 0.648 109.815 0.764
202012 1.106 109.897 1.302
202103 1.916 111.754 2.219
202106 2.363 114.631 2.668
202109 2.732 115.734 3.055
202112 2.163 117.630 2.380
202203 1.617 121.301 1.725
202206 1.906 125.017 1.973
202209 2.163 125.227 2.235
202212 2.701 125.222 2.792
202303 1.797 127.348 1.826
202306 1.808 128.729 1.818
202309 2.247 129.860 2.239
202312 2.805 129.419 2.805

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.


Simon Property Group  (BSP:SIMN34) 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.


Simon Property Group Shiller PE Ratio Related Terms

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


Simon Property Group (BSP:SIMN34) Business Description

Address
225 West Washington Street, Indianapolis, IN, USA, 46204
Simon Property Group is the second-largest real estate investment trust in the United States. Its portfolio includes an interest in 231 properties: 136 traditional malls, 70 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), 6 lifestyle centers, and 5 other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.

Simon Property Group (BSP:SIMN34) Headlines

No Headlines