Switch to:
Hess Corp (NYSE:HES)
Shiller P/E Ratio
14.10 (As of Today)

As of today, Hess Corp's current share price is $99.66. Hess Corp's E10 for the quarter that ended in Jun. 2014 was $7.16. Hess Corp's Shiller P/E Ratio for today is 14.10.

HES' s 10-Year Shiller P/E Ratio Range
Min: 7.24   Max: 32.25
Current: 14.1

7.24
32.25

During the past 13 years, Hess Corp's highest Shiller P/E Ratio was 32.25. The lowest was 7.24. And the median was 12.48.

HES's Shiller P/E Ratiois ranked higher than
80% of the 202 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 15.00 vs. HES: 14.10 )

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.

Hess Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was $2.971. 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 $7.16 for the trailing six years ended in Jun. 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.

Hess Corp's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=99.66/7.16
=13.92

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

Hess Corp's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, Hess Corp's adjusted earnings per share data for the three months ended in Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=2.96/238.343*239.229
=2.971

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 239.229.

Hess Corp Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 1.6001.6101.6401.0993.7204.1601.2305.7691.2002.960
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.6691.6781.6951.1453.8234.2621.2575.9221.2152.971
200909200912201003201006201009201012201103201106201109201112
per share eps 1.0501.0961.6501.1503.5200.1722.7401.7800.880-0.385
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 1.1631.2141.8141.2623.8550.1882.9331.8870.928-0.408
200809200812200903200906
per share eps 2.370-0.216-0.1800.310
CPI 218.783210.228212.709215.693
Adj_EPS 2.591-0.246-0.2020.344

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.

Hess Corp Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 11.3214.8915.5727.8810.8512.1213.839.829.2511.55

Hess Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 10.287.679.249.2511.5810.0611.7511.5511.6813.73
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide