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Boston Properties (FRA:BO9) Shiller PE Ratio : 14.84 (As of May. 07, 2024)


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What is Boston Properties Shiller PE Ratio?

As of today (2024-05-07), Boston Properties's current share price is €57.12. Boston Properties's E10 for the quarter that ended in Dec. 2023 was €3.85. Boston Properties's Shiller PE Ratio for today is 14.84.

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

FRA:BO9' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.33   Med: 29.88   Max: 48.25
Current: 14.76

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.

FRA:BO9's Shiller PE Ratio is ranked worse than
60.4% of 447 companies
in the REITs industry
Industry Median: 11.52 vs FRA:BO9: 14.76

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 €0.697. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €3.85 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
=57.12/3.85
=14.84

* 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)
=0.697/129.4194*129.4194
=0.697

Current CPI (Dec. 2023) = 129.4194.

Boston Properties Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.253 99.695 0.328
201406 0.368 100.560 0.474
201409 0.644 100.428 0.830
201412 0.925 99.070 1.208
201503 1.026 99.621 1.333
201506 0.463 100.684 0.595
201509 1.069 100.392 1.378
201512 0.826 99.792 1.071
201603 1.060 100.470 1.365
201606 0.561 101.688 0.714
201609 0.445 101.861 0.565
201612 0.891 101.863 1.132
201703 0.589 102.862 0.741
201706 0.774 103.349 0.969
201709 0.638 104.136 0.793
201712 0.566 104.011 0.704
201803 0.925 105.290 1.137
201806 0.710 106.317 0.864
201809 0.660 106.507 0.802
201812 0.844 105.998 1.030
201903 0.558 107.251 0.673
201906 0.938 108.070 1.123
201909 0.636 108.329 0.760
201912 0.819 108.420 0.978
202003 2.896 108.902 3.442
202006 1.518 108.767 1.806
202009 0.492 109.815 0.580
202012 0.041 109.897 0.048
202103 0.496 111.754 0.574
202106 0.589 114.631 0.665
202109 0.587 115.734 0.656
202112 1.044 117.630 1.149
202203 0.826 121.301 0.881
202206 1.343 125.017 1.390
202209 2.313 125.227 2.390
202212 0.736 125.222 0.761
202303 0.467 127.348 0.475
202306 0.609 128.729 0.612
202309 -0.665 129.860 -0.663
202312 0.697 129.419 0.697

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  (FRA:BO9) 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 (FRA:BO9) 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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