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NuStar GP Holdings LLC (NYSE:NSH)
Shiller P/E Ratio
31.69 (As of Today)

As of today, NuStar GP Holdings LLC's current share price is $34.22. NuStar GP Holdings LLC's E10 for the quarter that ended in Sep. 2014 was $1.08. NuStar GP Holdings LLC's Shiller P/E Ratio for today is 31.69.

NSH' s 10-Year Shiller P/E Ratio Range
Min: 15.14   Max: 40.27
Current: 32

15.14
40.27

During the past 12 years, NuStar GP Holdings LLC's highest Shiller P/E Ratio was 40.27. The lowest was 15.14. And the median was 23.34.

NSH's Shiller P/E Ratiois ranked higher than
85% of the 184 Companies
in the Global Oil & Gas Midstream industry.

( Industry Median: 56.37 vs. NSH: 32.00 )

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.

NuStar GP Holdings LLC's adjusted earnings per share data for the three months ended in Sep. 2014 was $0.406. 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 $1.08 for the trailing six years ended in Sep. 2014.


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.

NuStar GP Holdings LLC's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=34.22/1.08
=31.69

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

NuStar GP Holdings LLC's E10 for the fiscal year that ended in Dec13 is calculated as:

For example, NuStar GP Holdings LLC's adjusted earnings per share data for the three months ended in Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=0.41/238.031*235.51
=0.406

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 235.51.

NuStar GP Holdings LLC Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps -0.7800.4500.1200.2600.2900.290-1.0960.3200.3700.410
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS -0.8010.4580.1230.2630.2920.292-1.1080.3190.3660.406
200912201003201006201009201012201103201106201109201112201203
per share eps 0.4000.2000.7300.4200.3600.2400.5200.4300.4470.260
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.4360.2160.7890.4530.3870.2530.5430.4460.4660.267
200812200903200906200909
per share eps 0.2520.2800.5000.420
CPI 210.228212.709215.693215.969
Adj_EPS 0.2820.3100.5460.458

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.

NuStar GP Holdings LLC Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 0.000.000.000.000.000.0026.6523.0620.8725.07

NuStar GP Holdings LLC Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 23.4823.3120.8723.9619.7116.7125.0730.3732.8140.29
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