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Murphy USA (Murphy USA) E10 : $12.88 (As of Dec. 2023)


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What is Murphy USA 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.

Murphy USA's adjusted earnings per share data for the three months ended in Dec. 2023 was $7.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $12.88 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Murphy USA's average E10 Growth Rate was 21.30% 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.

As of today (2024-04-28), Murphy USA's current stock price is $421.34. Murphy USA's E10 for the quarter that ended in Dec. 2023 was $12.88. Murphy USA's Shiller PE Ratio of today is 32.71.

During the past 13 years, the highest Shiller PE Ratio of Murphy USA was 32.75. The lowest was 17.70. And the median was 26.60.


Murphy USA E10 Historical Data

The historical data trend for Murphy USA'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.

Murphy USA E10 Chart

Murphy USA 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 - - 7.53 10.62 12.88

Murphy USA Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.62 11.22 11.73 12.48 12.88

Competitive Comparison of Murphy USA's E10

For the Specialty Retail subindustry, Murphy USA'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.


Murphy USA's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Murphy USA's Shiller PE Ratio falls into.



Murphy USA 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, Murphy USA's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=7/129.4194*129.4194
=7.000

Current CPI (Dec. 2023) = 129.4194.

Murphy USA Quarterly Data

per share eps CPI Adj_EPS
201403 0.210 99.695 0.273
201406 1.570 100.560 2.021
201409 1.360 100.428 1.753
201412 2.130 99.070 2.783
201503 0.500 99.621 0.650
201506 0.590 100.684 0.758
201509 1.410 100.392 1.818
201512 1.580 99.792 2.049
201603 2.080 100.470 2.679
201606 1.170 101.688 1.489
201609 1.160 101.861 1.474
201612 1.140 101.863 1.448
201703 -0.080 102.862 -0.101
201706 1.510 103.349 1.891
201709 1.900 104.136 2.361
201712 3.580 104.011 4.455
201803 1.160 105.290 1.426
201806 1.580 106.317 1.923
201809 1.380 106.507 1.677
201812 2.380 105.998 2.906
201903 0.160 107.251 0.193
201906 1.010 108.070 1.210
201909 2.180 108.329 2.604
201912 1.540 108.420 1.838
202003 2.920 108.902 3.470
202006 5.730 108.767 6.818
202009 2.270 109.815 2.675
202012 2.160 109.897 2.544
202103 2.010 111.754 2.328
202106 4.790 114.631 5.408
202109 3.980 115.734 4.451
202112 4.230 117.630 4.654
202203 6.080 121.301 6.487
202206 7.530 125.017 7.795
202209 9.280 125.227 9.591
202212 5.210 125.222 5.385
202303 4.800 127.348 4.878
202306 6.020 128.729 6.052
202309 7.690 129.860 7.664
202312 7.000 129.419 7.000

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


Murphy USA  (NYSE:MUSA) 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.

Murphy USA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=421.34/12.88
=32.71

* 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 Murphy USA was 32.75. The lowest was 17.70. And the median was 26.60.


Be Aware

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


Murphy USA E10 Related Terms

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


Murphy USA (Murphy USA) Business Description

Traded in Other Exchanges
Address
200 Peach Street, El Dorado, AR, USA, 71730-5836
Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.
Executives
Renee M Bacon officer: SVP, Sales & Ops 200 PEACH STREET, EL DORADO AR 71730
Jennifer Bridges officer: SVP, Asset Development 200 E. PEACH STREET, EL DORADO AR 71730
Robert J Chumley officer: Senior Vice President 200 PEACH STREET, EL DORADO AR 71730
Robert Madison Murphy director 200 NORTH JEFFERSON SUITE 400, EL DODRADO AR 71730
R Andrew Clyde director, officer: President & CEO 200 PEACH STREET, EL DORADO AR 71730
Christopher A Click officer: SVP, Strategy & Development 200 PEACH ST, EL DORADO AR 71731
Jeanne Linder Phillips director 5421 DRANE DR., DALLAS TX 75201
Smith Donald R Jr officer: Vice President & Controller 200 PEACH STREET, EL DORADO AR 71730
Malynda K West officer: EVP, CFO & Treasurer 200 PEACH STREET, PO BOX 7000, EL DORADO AR 71730
Terry P. Hatten officer: SVP 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039
Rosemary Turner director 1500 SOLANA BLVD., WESTLAKE TX 76262
David Goebel director C/O APPLEBEE'S INTERNATIONAL, INC., 4551 W 107TH STREET, OVERLAND PARK KS 66207
Blake Segal officer: SVP, QuickChek 200 E. PEACH STREET, EL DORADO AR 71730
John A Moore officer: SVP & Secretary 200 PEACH ST., P.O. BOX 7000, EL DORADO AR 71730
Claiborne P Deming director ENTERGY CORP, PO BOX 61000, NEW ORLEANS LA 70161

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