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Simon Property Group (WBO:SPGR) Shiller PE Ratio : 20.57 (As of Apr. 28, 2024)


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What is Simon Property Group Shiller PE Ratio?

As of today (2024-04-28), Simon Property Group's current share price is €134.30. Simon Property Group's E10 for the quarter that ended in Dec. 2023 was €6.53. Simon Property Group's Shiller PE Ratio for today is 20.57.

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

WBO:SPGR' 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.

WBO:SPGR's Shiller PE Ratio is ranked worse than
70.18% of 446 companies
in the REITs industry
Industry Median: 11.37 vs WBO:SPGR: 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 €2.100. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €6.53 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
=134.30/6.53
=20.57

* 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)
=2.1/129.4194*129.4194
=2.100

Current CPI (Dec. 2023) = 129.4194.

Simon Property Group Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.795 99.695 1.032
201406 0.964 100.560 1.241
201409 0.629 100.428 0.811
201412 1.054 99.070 1.377
201503 1.599 99.621 2.077
201506 1.354 100.684 1.740
201509 1.212 100.392 1.562
201512 1.166 99.792 1.512
201603 1.392 100.470 1.793
201606 1.291 101.688 1.643
201609 1.435 101.861 1.823
201612 1.194 101.863 1.517
201703 1.431 102.862 1.800
201706 1.095 103.349 1.371
201709 1.384 104.136 1.720
201712 1.555 104.011 1.935
201803 1.622 105.290 1.994
201806 1.515 106.317 1.844
201809 1.543 106.507 1.875
201812 2.022 105.998 2.469
201903 1.575 107.251 1.901
201906 1.416 108.070 1.696
201909 1.607 108.329 1.920
201912 1.494 108.420 1.783
202003 1.294 108.902 1.538
202006 0.737 108.767 0.877
202009 0.408 109.815 0.481
202012 0.707 109.897 0.833
202103 1.142 111.754 1.323
202106 1.560 114.631 1.761
202109 1.760 115.734 1.968
202112 1.354 117.630 1.490
202203 1.180 121.301 1.259
202206 1.428 125.017 1.478
202209 1.667 125.227 1.723
202212 1.945 125.222 2.010
202303 1.289 127.348 1.310
202306 1.375 128.729 1.382
202309 1.705 129.860 1.699
202312 2.100 129.419 2.100

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  (WBO:SPGR) 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 (WBO:SPGR) 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.

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