Switch to:
Helmerich & Payne, Inc. (NYSE:HP)
Shiller P/E Ratio
25.18 (As of Today)

As of today, Helmerich & Payne, Inc.'s current share price is $110.84. Helmerich & Payne, Inc.'s E10 for the quarter that ended in Dec. 2013 was $4.48. Helmerich & Payne, Inc.'s Shiller P/E Ratio for today is 25.18.

HP' s 10-Year Shiller P/E Ratio Range
Min: 7.82   Max: 48.05
Current: 25.18

7.82
48.05

During the past 13 years, Helmerich & Payne, Inc.'s highest Shiller P/E Ratio was 48.05. The lowest was 7.82. And the median was 18.65.

HP's Shiller P/E Ratiois ranked higher than
52% of the 63 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 13.20 vs. HP: 25.18 )

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 Dec. 2013 was $1.614. 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 $4.48 for the trailing six years ended in Dec. 2013.


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
=110.84/4.48
=24.74

* 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 Sep13 is calculated as:

For example, Helmerich & Payne, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=1.59/233.049*236.511
=1.614

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

Current CPI = 236.511.

Helmerich & Payne, Inc. Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 1.1151.3201.1801.3801.4671.4801.3902.4601.4751.590
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.1621.3831.2171.4221.4991.5251.4122.4921.4901.614
200903200906200909200912201003201006201009201012201103201106
per share eps 0.9800.5000.4800.5900.430-0.3500.7730.9600.9101.010
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 1.0900.5480.5260.6460.467-0.3800.8371.0360.9631.058
200803200806200809200812
per share eps 0.9601.1801.1791.360
CPI 213.528218.815218.783210.228
Adj_EPS 1.0631.2751.2751.530

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.

Helmerich & Payne, Inc. Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ShillerPE 23.7839.9221.7520.7719.0414.2413.3311.3111.8115.66

Helmerich & Payne, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 11.3115.8414.0611.0811.8113.8714.7514.3215.6618.78
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
Hide