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

As of today, Helmerich & Payne Inc's current share price is $68.26. Helmerich & Payne Inc's E10 for the quarter that ended in Dec. 2016 was $4.06. Helmerich & Payne Inc's Shiller P/E Ratio for today is 16.81.

HP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.1   Max: 44.74
Current: 16.81

10.1
44.74

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 44.74. The lowest was 10.10. And the median was 19.69.

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

( Industry Median: 8.10 vs. HP: 16.81 )

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. 2016 was $-0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.06 for the trailing ten years ended in Dec. 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
=68.26/4.06
=16.81

* 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 Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)
=-0.33/241.432*241.432
=-0.330

Current CPI (Dec. 2016) = 241.432.

Helmerich & Payne Inc Quarterly Data

201409201412201503201506201509201512201603201606201609201612
per share eps 1.5201.8601.4100.830-0.2500.1500.190-0.200-0.680-0.330
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 1.5421.9121.4420.840-0.2540.1530.193-0.200-0.680-0.330
201203201206201209201212201303201306201309201312201403201406
per share eps 1.1801.3801.4601.4801.3902.4601.4601.5901.5901.750
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.2421.4521.5231.5561.4422.5441.5051.6471.6251.773
200909200912201003201006201009201012201103201106201109201112
per share eps 0.4800.5900.430-0.3400.7700.9600.9101.0101.1201.320
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.5370.6600.477-0.3770.8511.0570.9831.0801.1921.412
200703200706200709200712200803200806200809200812200903200906
per share eps 1.0201.0901.1001.0200.9601.1801.1801.3600.9800.500
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 1.1991.2631.2741.1721.0851.3021.3021.5621.1120.560

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 24.8525.4120.2720.2116.9216.3219.1222.6410.3615.94

Helmerich & Payne Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 22.6415.4015.0115.2110.3611.9713.1515.2615.9419.06
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