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Boston Properties (BSP:BOXP34) Shiller PE Ratio : 15.28 (As of May. 12, 2024)


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What is Boston Properties Shiller PE Ratio?

As of today (2024-05-12), Boston Properties's current share price is R$31.47. Boston Properties's E10 for the quarter that ended in Dec. 2023 was R$2.06. Boston Properties's Shiller PE Ratio for today is 15.28.

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

BSP:BOXP34' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.33   Med: 29.88   Max: 48.25
Current: 14.74

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.

BSP:BOXP34's Shiller PE Ratio is ranked worse than
60.36% of 444 companies
in the REITs industry
Industry Median: 11.51 vs BSP:BOXP34: 14.74

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 Dec. 2023 was R$0.372. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is R$2.06 for the trailing ten years ended in Dec. 2023.

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 -

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
=31.47/2.06
=15.28

* 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 Dec. 2023 is calculated as:

For example, Boston Properties'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)
=0.372/129.4194*129.4194
=0.372

Current CPI (Dec. 2023) = 129.4194.

Boston Properties Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.081 99.695 0.105
201406 0.112 100.560 0.144
201409 0.194 100.428 0.250
201412 0.301 99.070 0.393
201503 0.349 99.621 0.453
201506 0.162 100.684 0.208
201509 0.468 100.392 0.603
201512 0.349 99.792 0.453
201603 0.436 100.470 0.562
201606 0.216 101.688 0.275
201609 0.163 101.861 0.207
201612 0.315 101.863 0.400
201703 0.197 102.862 0.248
201706 0.287 103.349 0.359
201709 0.238 104.136 0.296
201712 0.221 104.011 0.275
201803 0.374 105.290 0.460
201806 0.313 106.317 0.381
201809 0.316 106.507 0.384
201812 0.373 105.998 0.455
201903 0.242 107.251 0.292
201906 0.409 108.070 0.490
201909 0.288 108.329 0.344
201912 0.374 108.420 0.446
202003 1.564 108.902 1.859
202006 0.887 108.767 1.055
202009 0.313 109.815 0.369
202012 0.026 109.897 0.031
202103 0.332 111.754 0.384
202106 0.357 114.631 0.403
202109 0.364 115.734 0.407
202112 0.667 117.630 0.734
202203 0.453 121.301 0.483
202206 0.717 125.017 0.742
202209 1.201 125.227 1.241
202212 0.409 125.222 0.423
202303 0.260 127.348 0.264
202306 0.320 128.729 0.322
202309 -0.351 129.860 -0.350
202312 0.372 129.419 0.372

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  (BSP:BOXP34) 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 (BSP:BOXP34) 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.

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