Switch to:
Frontline Ltd (OSTO:FROo)
Shiller P/E Ratio
0.92 (As of Today)

As of today, Frontline Ltd's current share price is Kr71.00. Frontline Ltd's E10 for the quarter that ended in Mar. 2016 was Kr77.10. Frontline Ltd's Shiller P/E Ratio for today is 0.92.

OSTO:FROO' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 0.34   Max: 10
Current: 0.91


During the past 13 years, Frontline Ltd's highest Shiller P/E Ratio was 10.00. The lowest was 0.34. And the median was 1.40.

OSTO:FROO's Shiller P/E Ratio is ranked higher than
97% of the 207 Companies
in the Global Shipping & Ports industry.

( Industry Median: 19.87 vs. OSTO:FROO: 0.91 )

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.

Frontline Ltd's adjusted earnings per share data for the three months ended in Mar. 2016 was Kr4.237. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is Kr77.10 for the trailing ten years ended in Mar. 2016.


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.

Frontline Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

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

Frontline Ltd's E10 for the fiscal year that ended in Dec15 is calculated as:

For example, Frontline Ltd'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)

Current CPI (Mar. 2016) = 238.132.

Frontline Ltd Quarterly Data

per share eps 72.454-3.801-24.066-19.06065.0660.71912.9693.728-7.0434.237
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 74.034-3.831-24.045-19.06865.9850.72612.9413.731-7.0914.237
per share eps -12.235-60.045-129.9122.568-46.302-18.103-5.889-6.936-45.535-13.723
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS -12.908-63.020-137.0842.666-48.048-18.630-6.108-7.096-46.437-13.957
per share eps 21.75433.24311.509-2.0651.44330.19533.6574.834-6.5835.590
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 24.64237.21612.706-2.2771.59133.04036.7715.270-7.1525.957
per share eps 27.93342.91355.65965.07175.2850.00073.70775.999105.01839.442
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 32.78350.36465.67975.45886.0460.00083.56784.756114.28942.930

Add all the adjusted EPS together and divide 10 will get our E10.


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.

Frontline Ltd Annual Data

ShillerPE 5.817.784.193.973.850.790.630.810.801.38

Frontline Ltd Quarterly Data

ShillerPE 0.810.920.740.350.800.830.961.111.380.91
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)