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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.
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.
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.
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|
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|
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
|per share eps||1.600||1.610||1.640||1.099||3.720||4.160||1.230||5.769||1.200||2.960|
|per share eps||1.050||1.096||1.650||1.150||3.520||0.172||2.740||1.780||0.880||-0.385|
|per share eps||2.370||-0.216||-0.180||0.310|
Add all the adjusted EPS together and divide 6 will get our E10.
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
Hess Corp Annual Data
Hess Corp Quarterly Data