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Helmerich & Payne Inc (NYSE:HP)
Shiller P/E Ratio
15.33 (As of Today)

As of today, Helmerich & Payne Inc's current share price is $67.30. Helmerich & Payne Inc's E10 for the quarter that ended in Jun. 2016 was $4.39. Helmerich & Payne Inc's Shiller P/E Ratio for today is 15.33.

HP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.12   Max: 45.81
Current: 15.34

10.12
45.81

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 45.81. The lowest was 10.12. And the median was 20.30.

HP's Shiller P/E Ratio is ranked lower than
76% of the 17 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.21 vs. HP: 15.34 )

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.

Helmerich & Payne Inc's adjusted earnings per share data for the three months ended in Jun. 2016 was $-0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.39 for the trailing ten years ended in Jun. 2016.


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.

Helmerich & Payne Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=67.30/4.39
=15.33

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

Helmerich & Payne Inc's E10 for the fiscal year that ended in Sep15 is calculated as:

For example, Helmerich & Payne Inc's adjusted earnings per share data for the three months ended in Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=-0.2/241.038*241.038
=-0.200

Current CPI (Jun. 2016) = 241.038.

Helmerich & Payne Inc Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 1.5901.7501.5401.8601.4100.830-0.2300.1500.190-0.200
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 1.6221.7701.5591.9091.4390.838-0.2330.1530.192-0.200
201109201112201203201206201209201212201303201306201309201312
per share eps 1.1201.3201.1801.3801.4601.4801.3902.4601.4601.590
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.1901.4101.2401.4501.5211.5541.4392.5391.5031.645
200903200906200909200912201003201006201009201012201103201106
per share eps 0.9800.5000.4800.5900.430-0.3400.7700.9600.9101.010
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 1.1110.5590.5360.6590.476-0.3760.8501.0560.9821.079
200609200612200703200706200709200712200803200806200809200812
per share eps 0.9301.0601.0201.0901.1001.0200.9601.1801.1801.360
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 1.1051.2661.1971.2611.2721.1711.0841.3001.3001.559

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.

Helmerich & Payne Inc Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ShillerPE 23.6724.8125.5720.2220.1717.0216.4019.2022.7210.39

Helmerich & Payne Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 27.3728.0622.7215.3115.0615.2710.3912.0113.1915.30
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