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Harbour Centre Development (HKSE:00051) Shiller PE Ratio : 9.37 (As of May. 27, 2024)


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What is Harbour Centre Development Shiller PE Ratio?

As of today (2024-05-27), Harbour Centre Development's current share price is HK$5.90. Harbour Centre Development's E10 for the fiscal year that ended in Dec23 was HK$0.63. Harbour Centre Development's Shiller PE Ratio for today is 9.37.

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

HKSE:00051' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.59   Med: 7.45   Max: 11.27
Current: 9.37

During the past 13 years, Harbour Centre Development's highest Shiller PE Ratio was 11.27. The lowest was 3.59. And the median was 7.45.

HKSE:00051's Shiller PE Ratio is ranked better than
56.65% of 1082 companies
in the Real Estate industry
Industry Median: 11.085 vs HKSE:00051: 9.37

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.

Harbour Centre Development's adjusted earnings per share data of for the fiscal year that ended in Dec23 was HK$-0.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is HK$0.63 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


Harbour Centre Development Shiller PE Ratio Historical Data

The historical data trend for Harbour Centre Development'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.

Harbour Centre Development Shiller PE Ratio Chart

Harbour Centre Development 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 6.62 4.65 5.02 8.52 11.37

Harbour Centre Development Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 5.02 - 8.52 - 11.37

Competitive Comparison of Harbour Centre Development's Shiller PE Ratio

For the Real Estate - Development subindustry, Harbour Centre Development'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.


Harbour Centre Development's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Harbour Centre Development's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Harbour Centre Development's Shiller PE Ratio falls into.



Harbour Centre Development 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.

Harbour Centre Development's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=5.90/0.63
=9.37

* 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.

Harbour Centre Development's E10 for the fiscal year that ended in Dec23 is calculated as:

For example, Harbour Centre Development's adjusted earnings per share data for the fiscal year that ended in Dec23 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec23 (Change)*Current CPI (Dec23)
=-0.15/117.2957*117.2957
=-0.150

Current CPI (Dec23) = 117.2957.

Harbour Centre Development Annual Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 1.530 99.707 1.800
201512 1.740 102.015 2.001
201612 0.980 103.225 1.114
201712 1.860 104.984 2.078
201812 1.170 107.622 1.275
201912 0.170 110.700 0.180
202012 -1.580 109.711 -1.689
202112 -0.030 112.349 -0.031
202212 -0.280 114.548 -0.287
202312 -0.150 117.296 -0.150

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.


Harbour Centre Development  (HKSE:00051) 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.


Harbour Centre Development Shiller PE Ratio Related Terms

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


Harbour Centre Development (HKSE:00051) Business Description

Traded in Other Exchanges
N/A
Address
Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
Harbour Centre Development Ltd has engaged in the acquisition, development, design, construction, sales, and marketing of properties in China. The operating business segments are investments, development property, investment property, and hotels. The Development property segment do activities relating to the acquisition, development, design, construction, sales, and marketing of properties in Mainland China. The Investment property segment represents the property leasing of the company's investment properties in Hong Kong. The Hotel segment represents the operations of Marco Polo Hongkong Hotel and Marco Polo Changzhou. It also includes The Murray, which is under construction. Its maximum revenue is driven by the Development property segment and from the Mainland China region.
Executives
Hsbc Trustee (c.i.) Limited 2301 Trustee
Wheelock And Company Limited 2201 Interest of corporation controlled by you
Wharf Real Estate Investment Company Limited 2201 Interest of corporation controlled by you

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