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Carrizo Oil & Gas Inc (NAS:CRZO)
Shiller P/E Ratio
(As of Today)

As of today, Carrizo Oil & Gas Inc's current share price is $41.59. Carrizo Oil & Gas Inc's E10 for the quarter that ended in Sep. 2014 was $-0.78. Carrizo Oil & Gas Inc's Shiller P/E Ratio for today is .

CRZO' s 10-Year Shiller P/E Ratio Range
Min: 19.34   Max: 346.33
Current: 0

19.34
346.33

During the past 13 years, Carrizo Oil & Gas Inc's highest Shiller P/E Ratio was 346.33. The lowest was 19.34. And the median was 54.75.

CRZO's Shiller P/E Ratiois ranked higher than
63% of the 1275 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.00 vs. CRZO: 0.00 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Carrizo Oil & Gas Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was $1.798. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $-0.78 for the trailing six years ended in Sep. 2014.


Definition

For the Shiller P/E, 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 P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Carrizo Oil & Gas Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=41.59/-0.78
=

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Carrizo Oil & Gas Inc's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Carrizo Oil & Gas Inc's adjusted earnings per share data for the three months ended in Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=1.82/238.031*235.189
=1.798

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 235.189.

Carrizo Oil & Gas Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps 0.710-0.0200.4610.6500.9100.110-0.5600.1300.0501.820
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.728-0.0200.4720.6570.9170.110-0.5650.1290.0491.798
200912201003201006201009201012201103201106201109201112201203
per share eps -2.2030.6300.0500.370-0.6870.0200.2000.5500.1620.240
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS -2.3990.6810.0540.398-0.7370.0210.2080.5700.1690.246
200812200903200906200909
per share eps -2.962-4.070-0.190-0.150
CPI 210.228212.709215.693215.969
Adj_EPS -3.314-4.500-0.207-0.163

Add all the adjusted EPS together and divide 6 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Carrizo Oil & Gas Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 25.4745.2654.59102.4176.193.354.273.170.000.00

Carrizo Oil & Gas Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 2.802.980.000.000.000.000.000.000.000.00
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