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

As of today, Helmerich & Payne Inc's current share price is $80.86. Helmerich & Payne Inc's E10 for the quarter that ended in Sep. 2016 was $4.23. Helmerich & Payne Inc's Shiller P/E Ratio for today is 19.12.

HP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.08   Max: 45.3
Current: 19.46

10.08
45.3

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 45.30. The lowest was 10.08. And the median was 20.11.

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

( Industry Median: 7.58 vs. HP: 19.46 )

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 Sep. 2016 was $-0.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.23 for the trailing ten years ended in Sep. 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
=80.86/4.23
=19.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Helmerich & Payne Inc's E10 for the fiscal year that ended in Sep16 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Sep. 2016 (Change)*Current CPI (Sep. 2016)
=-0.68/241.428*241.428
=-0.680

Current CPI (Sep. 2016) = 241.428.

Helmerich & Payne Inc Quarterly Data

201406201409201412201503201506201509201512201603201606201609
per share eps 1.7501.5201.8601.4100.830-0.2500.1500.190-0.200-0.680
CPI 238.343238.031234.812236.119238.638237.945236.525238.132241.018241.428
Adj_EPS 1.7731.5421.9121.4420.840-0.2540.1530.193-0.200-0.680
201112201203201206201209201212201303201306201309201312201403
per share eps 1.3201.1801.3801.4601.4801.3902.4601.4601.5901.590
CPI 225.672229.392229.478231.407229.601232.773233.504234.149233.049236.293
Adj_EPS 1.4121.2421.4521.5231.5561.4422.5431.5051.6471.625
200906200909200912201003201006201009201012201103201106201109
per share eps 0.5000.4800.5900.430-0.3400.7700.9600.9101.0101.120
CPI 215.693215.969215.949217.631217.965218.439219.179223.467225.722226.889
Adj_EPS 0.5600.5370.6600.477-0.3770.8511.0570.9831.0801.192
200612200703200706200709200712200803200806200809200812200903
per share eps 1.0601.0201.0901.1001.0200.9601.1801.1801.3600.980
CPI 201.800205.352208.352208.490210.036213.528218.815218.783210.228212.709
Adj_EPS 1.2681.1991.2631.2741.1721.0851.3021.3021.5621.112

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 local exchange's currency.

Helmerich & Payne Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ShillerPE 24.8425.6020.2420.1917.0516.4519.0822.8210.4415.91

Helmerich & Payne Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ShillerPE 27.8922.8215.3714.9815.1810.4411.9513.2615.2315.91
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