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DHT Holdings (DHT Holdings) E10 : $0.53 (As of Mar. 2024)


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What is DHT Holdings E10?

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.

DHT Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.53 for the trailing ten years ended in Mar. 2024.

During the past 12 months, DHT Holdings's average E10 Growth Rate was 43.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of DHT Holdings was 18.10% per year. The lowest was -47.80% per year. And the median was -14.85% per year.

As of today (2024-05-27), DHT Holdings's current stock price is $12.21. DHT Holdings's E10 for the quarter that ended in Mar. 2024 was $0.53. DHT Holdings's Shiller PE Ratio of today is 23.04.

During the past 13 years, the highest Shiller PE Ratio of DHT Holdings was 47.55. The lowest was 0.75. And the median was 2.36.


DHT Holdings E10 Historical Data

The historical data trend for DHT Holdings's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

DHT Holdings E10 Chart

DHT Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.12 -1.15 -0.34 0.31 0.49

DHT Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.48 0.54 0.49 0.53

Competitive Comparison of DHT Holdings's E10

For the Oil & Gas Midstream subindustry, DHT Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DHT Holdings's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, DHT Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where DHT Holdings's Shiller PE Ratio falls into.



DHT Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, DHT Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.29/131.7762*131.7762
=0.290

Current CPI (Mar. 2024) = 131.7762.

DHT Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 -0.120 100.560 -0.157
201409 -0.100 100.428 -0.131
201412 0.310 99.070 0.412
201503 0.230 99.621 0.304
201506 0.220 100.684 0.288
201509 0.270 100.392 0.354
201512 0.310 99.792 0.409
201603 0.300 100.470 0.393
201606 0.340 101.688 0.441
201609 -0.810 101.861 -1.048
201612 0.180 101.863 0.233
201703 0.150 102.862 0.192
201706 0.040 103.349 0.051
201709 -0.040 104.136 -0.051
201712 -0.050 104.011 -0.063
201803 -0.060 105.290 -0.075
201806 -0.200 106.317 -0.248
201809 -0.150 106.507 -0.186
201812 0.080 105.998 0.099
201903 0.120 107.251 0.147
201906 -0.070 108.070 -0.085
201909 -0.070 108.329 -0.085
201912 0.470 108.420 0.571
202003 0.440 108.902 0.532
202006 0.810 108.767 0.981
202009 0.310 109.815 0.372
202012 0.040 109.897 0.048
202103 0.070 111.754 0.083
202106 0.005 114.631 0.006
202109 -0.130 115.734 -0.148
202112 -0.020 117.630 -0.022
202203 -0.100 121.301 -0.109
202206 0.060 125.017 0.063
202209 0.040 125.227 0.042
202212 0.380 125.222 0.400
202303 0.230 127.348 0.238
202306 0.350 128.729 0.358
202309 0.190 129.860 0.193
202312 0.220 129.419 0.224
202403 0.290 131.776 0.290

Add all the adjusted EPS together and divide 10 will get our e10.


DHT Holdings  (NYSE:DHT) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

DHT Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=12.21/0.53
=23.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Shiller P/E Ratio of DHT Holdings was 47.55. The lowest was 0.75. And the median was 2.36.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


DHT Holdings E10 Related Terms

Thank you for viewing the detailed overview of DHT Holdings's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


DHT Holdings (DHT Holdings) Business Description

Traded in Other Exchanges
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
DHT Holdings Inc is a crude oil tanker company. It is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC. It generates revenues from time charter and spot market operations. Its fleets consist of very large crude carriers known as VLCCs that range in size from 200,000 to 320,000 deadweight tons. Geographically, DHT operates in Monaco, Oslo, Norway, and Singapore.

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