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Shandong Molong Petroleum Machinery Co (Shandong Molong Petroleum Machinery Co) Shiller PE Ratio : (As of May. 18, 2024)


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What is Shandong Molong Petroleum Machinery Co Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Shandong Molong Petroleum Machinery Co Shiller PE Ratio Historical Data

The historical data trend for Shandong Molong Petroleum Machinery Co's Shiller PE Ratio 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.

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Shandong Molong Petroleum Machinery Co Shiller PE Ratio Chart

Shandong Molong Petroleum Machinery Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
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Shandong Molong Petroleum Machinery Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Shandong Molong Petroleum Machinery Co's Shiller PE Ratio

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.


Shandong Molong Petroleum Machinery Co's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Shiller PE Ratio falls into.



Shandong Molong Petroleum Machinery Co Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Shandong Molong Petroleum Machinery Co's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Shandong Molong Petroleum Machinery 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)
=-1.122/114.7809*114.7809
=-1.122

Current CPI (Dec. 2023) = 114.7809.

Shandong Molong Petroleum Machinery Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.032 98.600 0.037
201406 0.019 98.200 0.022
201409 0.000 98.900 0.000
201412 0.041 99.000 0.048
201503 -0.078 99.900 -0.090
201506 -0.211 99.500 -0.243
201509 -0.094 100.500 -0.107
201512 -0.651 100.600 -0.743
201603 -0.225 102.200 -0.253
201606 -0.335 101.400 -0.379
201609 -0.273 102.400 -0.306
201612 -1.434 102.600 -1.604
201703 -0.200 103.200 -0.222
201706 0.229 103.100 0.255
201709 0.012 104.100 0.013
201712 0.113 104.500 0.124
201803 0.042 105.300 0.046
201806 0.085 104.900 0.093
201809 0.172 106.600 0.185
201812 0.047 106.500 0.051
201903 0.028 107.700 0.030
201906 0.039 107.700 0.042
201909 -0.180 109.800 -0.188
201912 -0.594 111.200 -0.613
202003 -0.264 112.300 -0.270
202006 -0.125 110.400 -0.130
202009 -0.503 111.700 -0.517
202012 1.065 111.500 1.096
202103 -0.421 112.662 -0.429
202106 0.160 111.769 0.164
202109 -0.145 112.215 -0.148
202112 -1.029 113.108 -1.044
202203 -0.266 114.335 -0.267
202206 -0.395 114.558 -0.396
202209 -0.333 115.339 -0.331
202212 -0.564 115.116 -0.562
202303 -0.317 115.116 -0.316
202306 -0.249 114.558 -0.249
202309 -0.305 115.339 -0.304
202312 -1.122 114.781 -1.122

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


Shandong Molong Petroleum Machinery Co  (OTCPK:SHANY) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio 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 PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio 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, Shiller PE Ratio and PS Ratio will give false valuations.


Shandong Molong Petroleum Machinery Co Shiller PE Ratio Related Terms

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Shandong Molong Petroleum Machinery Co (Shandong Molong Petroleum Machinery Co) Business Description

Traded in Other Exchanges
Address
No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700
Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

Shandong Molong Petroleum Machinery Co (Shandong Molong Petroleum Machinery Co) Headlines

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