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American Tower (BSP:T1OW34) Shiller PE Ratio : 48.11 (As of May. 05, 2024)


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What is American Tower Shiller PE Ratio?

As of today (2024-05-05), American Tower's current share price is R$38.01. American Tower's E10 for the quarter that ended in Mar. 2024 was R$0.79. American Tower's Shiller PE Ratio for today is 48.11.

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

BSP:T1OW34' s Shiller PE Ratio Range Over the Past 10 Years
Min: 43.01   Med: 97.22   Max: 367.17
Current: 47.67

During the past years, American Tower's highest Shiller PE Ratio was 367.17. The lowest was 43.01. And the median was 97.22.

BSP:T1OW34's Shiller PE Ratio is ranked worse than
93.08% of 448 companies
in the REITs industry
Industry Median: 11.495 vs BSP:T1OW34: 47.67

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.

American Tower's adjusted earnings per share data for the three months ended in Mar. 2024 was R$0.407. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$0.79 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Tower Shiller PE Ratio Historical Data

The historical data trend for American Tower'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.

American Tower Shiller PE Ratio Chart

American Tower 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 108.33 92.74 95.91 61.78 58.62

American Tower 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 58.32 53.70 44.33 58.62 51.83

Competitive Comparison of American Tower's Shiller PE Ratio

For the REIT - Specialty subindustry, American Tower'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.


American Tower's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where American Tower's Shiller PE Ratio falls into.



American Tower 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.

American Tower's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=38.01/0.79
=48.11

* 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.

American Tower's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, American Tower'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)
=0.407/129.4194*129.4194
=0.407

Current CPI (Mar. 2024) = 129.4194.

American Tower Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.054 100.560 0.069
201409 0.049 100.428 0.063
201412 0.046 99.070 0.060
201503 0.059 99.621 0.077
201506 0.039 100.684 0.050
201509 0.029 100.392 0.037
201512 0.078 99.792 0.101
201603 0.089 100.470 0.115
201606 0.053 101.688 0.067
201609 0.075 101.861 0.095
201612 0.066 101.863 0.084
201703 0.087 102.862 0.109
201706 0.110 103.349 0.138
201709 0.090 104.136 0.112
201712 0.070 104.011 0.087
201803 0.086 105.290 0.106
201806 0.108 106.317 0.131
201809 0.142 106.507 0.173
201812 0.100 105.998 0.122
201903 0.142 107.251 0.171
201906 0.154 108.070 0.184
201909 0.192 108.329 0.229
201912 0.215 108.420 0.257
202003 0.189 108.902 0.225
202006 0.216 108.767 0.257
202009 0.234 109.815 0.276
202012 0.176 109.897 0.207
202103 0.340 111.754 0.394
202106 0.346 114.631 0.391
202109 0.348 115.734 0.389
202112 0.233 117.630 0.256
202203 0.323 121.301 0.345
202206 0.410 125.017 0.424
202209 0.393 125.227 0.406
202212 -0.321 125.222 -0.332
202303 0.156 127.348 0.159
202306 0.206 128.729 0.207
202309 0.259 129.860 0.258
202312 0.037 129.419 0.037
202403 0.407 129.419 0.407

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.


American Tower  (BSP:T1OW34) 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.


American Tower Shiller PE Ratio Related Terms

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American Tower (BSP:T1OW34) Business Description

Address
116 Huntington Avenue, 11th Floor, Boston, MA, USA, 02116
American Tower owns and operates more than 220,000 cell towers throughout the U.S., Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 U.S. markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the U.S., which accounted for roughly half of the company's total revenue in 2022. Outside the U.S., American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as an REIT.

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