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Denbury Resources Inc (NYSE:DNR)
Shiller P/E Ratio
29.25 (As of Today)

As of today, Denbury Resources Inc's current share price is $1.17. Denbury Resources Inc's E10 for the quarter that ended in Sep. 2015 was $0.04. Denbury Resources Inc's Shiller P/E Ratio for today is 29.25.

DNR' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 4.96   Max: 1702
Current: 26.74

4.96
1702

During the past 13 years, Denbury Resources Inc's highest Shiller P/E Ratio was 1702.00. The lowest was 4.96. And the median was 23.94.

DNR's Shiller P/E Ratio is ranked lower than
78% of the 178 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. DNR: 26.74 )

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.

Denbury Resources Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was $-6.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.04 for the trailing ten years ended in Sep. 2015.


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.

Denbury Resources Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=1.17/0.04
=29.25

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

Denbury Resources Inc's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Denbury Resources Inc's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-6.41/237.945*237.945
=-6.410

Current CPI (Sep. 2015) = 237.945.

Denbury Resources Inc Quarterly Data

201306201309201312201403201406201409201412201503201506201509
per share eps 0.3500.2800.2460.170-0.1600.7701.037-0.310-3.280-6.410
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 0.3570.2850.2510.171-0.1600.7701.051-0.312-3.270-6.410
201012201103201106201109201112201203201206201209201212201303
per share eps 0.026-0.0400.6400.6800.1340.2900.5400.2200.2990.230
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.028-0.0430.6750.7130.1410.3010.5600.2260.3100.235
200806200809200812200903200906200909200912201003201006201009
per share eps 0.4500.6300.174-0.070-0.3500.1100.0140.3200.3400.070
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 0.4890.6850.197-0.078-0.3860.1210.0150.3500.3710.076
200512200603200606200609200612200703200706200709200712200803
per share eps 0.2360.1850.1800.2400.2190.0650.2500.2700.4140.290
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.2850.2200.2110.2810.2580.0750.2860.3080.4690.323

Add all the adjusted EPS together and divide 10 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.

Denbury Resources Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 0.00238.52215.1717.2223.8431.5020.7719.0917.417.46

Denbury Resources Inc Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15
ShillerPE 19.0719.8417.4117.1319.6314.927.466.999.0355.75
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