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SM Energy Co (SM Energy Co) E10 : $0.07 (As of Dec. 2023)


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What is SM Energy Co 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.

SM Energy Co's adjusted earnings per share data for the three months ended in Dec. 2023 was $2.120. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.07 for the trailing ten years ended in Dec. 2023.

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 SM Energy Co was 34.60% per year. The lowest was -147.70% per year. And the median was 8.05% per year.

As of today (2024-04-28), SM Energy Co's current stock price is $50.84. SM Energy Co's E10 for the quarter that ended in Dec. 2023 was $0.07. SM Energy Co's Shiller PE Ratio of today is 726.29.

During the past 13 years, the highest Shiller PE Ratio of SM Energy Co was 3154.00. The lowest was 4.25. And the median was 39.38.


SM Energy Co E10 Historical Data

The historical data trend for SM Energy Co'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.

SM Energy Co E10 Chart

SM Energy Co 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 0.28 -0.76 -1.20 -0.28 0.07

SM Energy Co 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 -0.28 -0.15 -0.18 -0.13 0.07

Competitive Comparison of SM Energy Co's E10

For the Oil & Gas E&P subindustry, SM Energy Co'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.


SM Energy Co's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SM Energy Co's Shiller PE Ratio falls into.



SM Energy Co 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, SM Energy Co'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)
=2.12/129.4194*129.4194
=2.120

Current CPI (Dec. 2023) = 129.4194.

SM Energy Co Quarterly Data

per share eps CPI Adj_EPS
201403 0.960 99.695 1.246
201406 0.880 100.560 1.133
201409 3.050 100.428 3.930
201412 4.890 99.070 6.388
201503 -0.790 99.621 -1.026
201506 -0.850 100.684 -1.093
201509 0.050 100.392 0.064
201512 -5.010 99.792 -6.497
201603 -5.100 100.470 -6.569
201606 -2.480 101.688 -3.156
201609 -0.520 101.861 -0.661
201612 -2.200 101.863 -2.795
201703 0.670 102.862 0.843
201706 -1.080 103.349 -1.352
201709 -0.800 104.136 -0.994
201712 -0.240 104.011 -0.299
201803 2.810 105.290 3.454
201806 0.150 106.317 0.183
201809 -1.210 106.507 -1.470
201812 2.730 105.998 3.333
201903 -1.580 107.251 -1.907
201906 0.450 108.070 0.539
201909 0.370 108.329 0.442
201912 -0.900 108.420 -1.074
202003 -3.640 108.902 -4.326
202006 -0.790 108.767 -0.940
202009 -0.860 109.815 -1.014
202012 -1.440 109.897 -1.696
202103 -2.190 111.754 -2.536
202106 -1.880 114.631 -2.123
202109 0.690 115.734 0.772
202112 3.430 117.630 3.774
202203 0.390 121.301 0.416
202206 2.600 125.017 2.692
202209 3.870 125.227 4.000
202212 2.090 125.222 2.160
202303 1.620 127.348 1.646
202306 1.250 128.729 1.257
202309 1.880 129.860 1.874
202312 2.120 129.419 2.120

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


SM Energy Co  (NYSE:SM) 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.

SM Energy Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=50.84/0.07
=726.29

* 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 SM Energy Co was 3154.00. The lowest was 4.25. And the median was 39.38.


Be Aware

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


SM Energy Co E10 Related Terms

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


SM Energy Co (SM Energy Co) Business Description

Traded in Other Exchanges
Address
1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.
Executives
Julio M Quintana director 3993 W. SAM HOUSTON PARKWAY N., STE. 100, HOUSTON TX 77043
Ramiro G Peru director WELLPOINT, INC, 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46260
Rose M Robeson director 370 17TH STREET, SUITE 2775, DENVER CO 80202
Patrick A Lytle officer: Controller and PAO 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Julie Gray officer: Vice President Marketing 1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
Herbert S Vogel officer: Sr VP Portf Dev & Tech Servs 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
James Barker Lebeck officer: SVP & General Counsel 1700 LINCOLN STREET, SUITE 3200, DENVER CO 80203
David W Copeland officer: EVP, GC & Corp. Sec. 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
David J. Whitcomb officer: VP-Marketing 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Mary Ellen Lutey officer: VP & Regional Manager 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Anita M. Powers director 9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
William D Sullivan director TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Kenneth J. Knott officer: VP- Land & Asst. Secretary 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Javan D Ottoson officer: Executive VP & COO ST. MARY LAND & EXPLORATION COMPANY, 1776 LINCOLN STREET, SUITE 700, DENVER CO 80203
Carla Jean Bailo director 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203

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