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Derwent London (LSE:DLN) Shiller PE Ratio : 9.45 (As of Apr. 29, 2024)


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What is Derwent London Shiller PE Ratio?

As of today (2024-04-29), Derwent London's current share price is £20.42. Derwent London's E10 for the fiscal year that ended in Dec23 was £2.16. Derwent London's Shiller PE Ratio for today is 9.45.

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

LSE:DLN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.99   Med: 11.64   Max: 23.51
Current: 9.47

During the past 13 years, Derwent London's highest Shiller PE Ratio was 23.51. The lowest was 5.99. And the median was 11.64.

LSE:DLN's Shiller PE Ratio is ranked better than
60.09% of 446 companies
in the REITs industry
Industry Median: 11.37 vs LSE:DLN: 9.47

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.

Derwent London's adjusted earnings per share data of for the fiscal year that ended in Dec23 was £-4.243. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is £2.16 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Derwent London Shiller PE Ratio Historical Data

The historical data trend for Derwent London'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.

Derwent London Shiller PE Ratio Chart

Derwent London 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 11.26 9.92 10.56 7.87 10.94

Derwent London Semi-Annual Data
Jun14 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 10.56 - 7.87 - 10.94

Competitive Comparison of Derwent London's Shiller PE Ratio

For the REIT - Office subindustry, Derwent London'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.


Derwent London's Shiller PE Ratio Distribution in the REITs Industry

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

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



Derwent London 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.

Derwent London's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=20.42/2.16
=9.45

* 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.

Derwent London's E10 for the fiscal year that ended in Dec23 is calculated as:

For example, Derwent London's adjusted earnings per share data for the fiscal year that ended in Dec23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec23 (Change)*Current CPI (Dec23)
=-4.243/130.0000*130.0000
=-4.243

Current CPI (Dec23) = 130.0000.

Derwent London Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 6.478 99.900 8.430
201512 6.687 100.400 8.658
201612 0.526 102.200 0.669
201712 2.811 105.000 3.480
201812 1.989 107.100 2.414
201912 2.531 108.500 3.033
202012 -0.693 109.400 -0.823
202112 2.244 114.700 2.543
202212 -2.498 125.300 -2.592
202312 -4.243 130.000 -4.243

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.


Derwent London  (LSE:DLN) 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.


Derwent London Shiller PE Ratio Related Terms

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Derwent London (LSE:DLN) Business Description

Traded in Other Exchanges
Address
25 Savile Row, London, GBR, W1S 2ER
Derwent London PLC is a London-focused real estate investment trust. Derwent owns, manages, and refurbishes office real estate in Central London. Within this region, the majority of the company's assets are located in the districts of London's West End, such as Fitzrovia. Properties in London's Tech Belt and the City Borders also represent significant parts of the company's real estate portfolio. Derwent derives nearly all of its revenue from tenants in the form of rental income structured in mid-to-long-term leases. Office buildings in the central West End are responsible for the majority of revenue generated. Media and advertising companies, professional and business services firms, and retail head offices are all fairly evenly represented among the company's tenants.

Derwent London (LSE:DLN) Headlines

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