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Boston Properties (Boston Properties) Shiller PE Ratio : 14.67 (As of May. 22, 2024)


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What is Boston Properties Shiller PE Ratio?

As of today (2024-05-22), Boston Properties's current share price is $62.35. Boston Properties's E10 for the quarter that ended in Mar. 2024 was $4.25. Boston Properties's Shiller PE Ratio for today is 14.67.

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

BXP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.33   Med: 29.88   Max: 48.25
Current: 14.66

During the past years, Boston Properties's highest Shiller PE Ratio was 48.25. The lowest was 10.33. And the median was 29.88.

BXP's Shiller PE Ratio is ranked worse than
60.54% of 446 companies
in the REITs industry
Industry Median: 11.48 vs BXP: 14.66

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.

Boston Properties's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.510. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Boston Properties Shiller PE Ratio Historical Data

The historical data trend for Boston Properties'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.

Boston Properties Shiller PE Ratio Chart

Boston Properties 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 43.53 26.02 28.93 14.91 16.81

Boston Properties 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 11.71 13.23 14.20 16.81 15.35

Competitive Comparison of Boston Properties's Shiller PE Ratio

For the REIT - Office subindustry, Boston Properties'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.


Boston Properties's Shiller PE Ratio Distribution in the REITs Industry

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

* The bar in red indicates where Boston Properties's Shiller PE Ratio falls into.



Boston Properties 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.

Boston Properties's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=62.35/4.25
=14.67

* 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.

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

For example, Boston Properties'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)
=0.51/131.7762*131.7762
=0.510

Current CPI (Mar. 2024) = 131.7762.

Boston Properties Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201406 0.500 100.560 0.655
201409 0.830 100.428 1.089
201412 1.140 99.070 1.516
201503 1.110 99.621 1.468
201506 0.520 100.684 0.681
201509 1.200 100.392 1.575
201512 0.900 99.792 1.188
201603 1.180 100.470 1.548
201606 0.630 101.688 0.816
201609 0.500 101.861 0.647
201612 0.940 101.863 1.216
201703 0.630 102.862 0.807
201706 0.870 103.349 1.109
201709 0.760 104.136 0.962
201712 0.670 104.011 0.849
201803 1.140 105.290 1.427
201806 0.830 106.317 1.029
201809 0.770 106.507 0.953
201812 0.960 105.998 1.193
201903 0.630 107.251 0.774
201906 1.060 108.070 1.293
201909 0.700 108.329 0.852
201912 0.910 108.420 1.106
202003 3.200 108.902 3.872
202006 1.710 108.767 2.072
202009 0.580 109.815 0.696
202012 0.050 109.897 0.060
202103 0.590 111.754 0.696
202106 0.710 114.631 0.816
202109 0.690 115.734 0.786
202112 1.180 117.630 1.322
202203 0.910 121.301 0.989
202206 1.420 125.017 1.497
202209 2.290 125.227 2.410
202212 0.780 125.222 0.821
202303 0.500 127.348 0.517
202306 0.660 128.729 0.676
202309 -0.710 129.860 -0.720
202312 0.760 129.419 0.774
202403 0.510 131.776 0.510

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.


Boston Properties  (NYSE:BXP) 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.


Boston Properties Shiller PE Ratio Related Terms

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


Boston Properties (Boston Properties) Business Description

Traded in Other Exchanges
Address
800 Boylston Street, Suite 1900, Prudential Center, Boston, MA, USA, 02199-8103
Boston Properties owns over 190 properties consisting of approximately 54 million rentable square feet of space. The portfolio is dominated by office buildings and is spread across major cities such as New York, Boston, San Francisco, Los Angeles, Seattle, and the Washington, D.C., region. The real estate investment trust also owns limited retail, hotel, and residential properties.
Executives
Eric G Kevorkian officer: SVP, CLO and Secretary 800 BOYLSTON STREET, SUITE 1900, BOSTON MA 02199
Rodney Diehl officer: Senior Vice President FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94549
Raymond A Ritchey officer: Executive Vice President BOSTON PROPERTIES, INC., 901 NEW YORK AVENUE, NW, WASHINGTON DC 20001
Peter V Otteni officer: Senior Vice President 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Carol B. Einiger director POST ROCK ADVISORS, LLC, ONE ROCKEFELLER PLAZA, 28TH FLOOR, NEW YORK NY 10020
Tony West director 1455 MARKET STREET, 4TH FLOOR, SAN FRANCISCO CA 94103
Matthew J Lustig director LAZARD FRERES & CO LLC, 30 ROCKEFELLER PLZA 50TH FL, NEW YORK NY 10020
Donna D Garesche officer: EVP, Chief HR Officer C/O BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Hilary J. Spann officer: Executive Vice President 599 LEXINGTON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Mary E Kipp director 100 N STANTON, EL PASO TX 79901
Douglas T Linde officer: SVP & CFO BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Frank D Burt officer: Senior Vice President BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
John J Stroman officer: Senior Vice President 2200 PENNSYLVANIA AVENUE NW, SUITE 200W, WASHINGTON DC 20037
Bryan J Koop officer: Senior Vice President BOSTON PROPERTIES, INC., 800 BOYLSTON STREET, BOSTON MA 02199
Bruce W Duncan director ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606