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

As of today, Helmerich & Payne Inc's current share price is $47.41. Helmerich & Payne Inc's E10 for the quarter that ended in Sep. 2015 was $4.55. Helmerich & Payne Inc's Shiller P/E Ratio for today is 10.42.

HP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 9.92   Max: 49.55
Current: 10.42

9.92
49.55

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 49.55. The lowest was 9.92. And the median was 21.35.

HP's Shiller P/E Ratio is ranked lower than
100% of the 28 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 3.57 vs. HP: 10.42 )

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. 2015 was $-0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.55 for the trailing ten years ended in Sep. 2015.


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
=47.41/4.55
=10.42

* 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 Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)
=-0.19/237.945*237.945
=-0.190

Current CPI (Sep. 2015) = 237.945.

Helmerich & Payne Inc Quarterly Data

201309201312201403201406201409201412201503201506201509201512
per share eps 1.4601.5901.5901.7501.5401.8601.3700.830-0.1900.150
CPI 234.149233.049236.293238.343238.031234.812236.119238.638237.945236.525
Adj_EPS 1.4841.6231.6011.7471.5391.8851.3810.828-0.1900.151
201103201106201109201112201203201206201209201212201303201306
per share eps 0.9101.0101.1201.3201.1801.3801.4601.4801.3902.460
CPI 223.467225.722226.889225.672229.392229.478231.407229.601232.773233.504
Adj_EPS 0.9691.0651.1751.3921.2241.4311.5011.5341.4212.507
200809200812200903200906200909200912201003201006201009201012
per share eps 1.1801.3600.9800.5000.4800.5900.430-0.3500.7700.960
CPI 218.783210.228212.709215.693215.969215.949217.631217.965218.439219.179
Adj_EPS 1.2831.5391.0960.5520.5290.6500.470-0.3820.8391.042
200603200606200609200612200703200706200709200712200803200806
per share eps 0.6100.7500.9301.0601.0201.0901.1001.0200.9601.180
CPI 199.800202.900202.900201.800205.352208.352208.490210.036213.528218.815
Adj_EPS 0.7260.8801.0911.2501.1821.2451.2551.1561.0701.283

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 23.6524.7825.5320.2020.1617.0016.3819.1822.6910.38

Helmerich & Payne Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ShillerPE 19.1822.4527.3428.0222.6915.3015.0615.2710.380.00
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