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

As of today, Helmerich & Payne Inc's current share price is $66.22. Helmerich & Payne Inc's E10 for the quarter that ended in Mar. 2016 was $4.50. Helmerich & Payne Inc's Shiller P/E Ratio for today is 14.72.

HP' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 10.12   Max: 44.42
Current: 14.7

10.12
44.42

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 44.42. The lowest was 10.12. And the median was 20.56.

HP's Shiller P/E Ratio is ranked lower than
78% of the 18 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 6.64 vs. HP: 14.70 )

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 Mar. 2016 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.50 for the trailing ten years ended in Mar. 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
=66.22/4.50
=14.72

* 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 Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=0.19/238.132*238.132
=0.190

Current CPI (Mar. 2016) = 238.132.

Helmerich & Payne Inc Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 1.5901.5901.7501.5431.8601.4100.830-0.1970.1500.190
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 1.6251.6021.7481.5441.8861.4220.828-0.1970.1510.190
201106201109201112201203201206201209201212201303201306201309
per share eps 1.0101.1151.3201.1801.3801.4671.4801.3902.4601.475
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.0661.1701.3931.2251.4321.5101.5351.4222.5091.500
200812200903200906200909200912201003201006201009201012201103
per share eps 1.3600.9800.5000.4800.5900.430-0.3500.7730.9600.910
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 1.5411.0970.5520.5290.6510.471-0.3820.8431.0430.970
200606200609200612200703200706200709200712200803200806200809
per share eps 0.7500.9261.0601.0201.0901.1031.0200.9601.1801.179
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 0.8801.0871.2511.1831.2461.2601.1561.0711.2841.283

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 22.4123.8224.7419.6519.6216.9916.4319.2222.7410.39

Helmerich & Payne Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 22.4927.4028.0822.7415.3215.0815.2810.3912.0013.06
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