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First Trust Energy Income & Growth Fund  (AMEX:FEN) Shiller PE Ratio: (As of Today)

As of today, First Trust Energy Income & Growth Fund's current share price is $22.19. First Trust Energy Income & Growth Fund's E10 for the quarter that ended in May. 2017 was $0.00. First Trust Energy Income & Growth Fund's Shiller P/E Ratio for today is .

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.

First Trust Energy Income & Growth Fund's adjusted earnings per share data of for the fiscal year that ended in Nov16 was $2.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our font class ="def_body_menu" data-url ="e10/FEN/E10/First-Trust-Energy-Income--Growth-Fund" data-ticker="AMEX:FEN">E10, which is $0.00 for the trailing ten years ended in Nov16.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

First Trust Energy Income & Growth Fund Annual Data

Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Shiller PE Ratio Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

First Trust Energy Income & Growth Fund Semi-Annual Data

May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
Shiller PE Ratio 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 0.00 0.00 0.00 0.00 0.00

Competitive Comparison
* 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.


Calculation

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.

First Trust Energy Income & Growth Fund's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/ E10
=22.19/0.00
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

First Trust Energy Income & Growth Fund's E10 for the quarter that ended in May. 2017 is calculated as:

For example, First Trust Energy Income & Growth Fund's adjusted earnings per share data for the fiscal year that ended in Nov16 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Nov16 (Change)*Current CPI (Nov16)
=2.18/241.353*241.353
=2.180

Current CPI (Nov16) = 241.353.

First Trust Energy Income & Growth Fund does not have a history long enough to calculate E10. Therefore GuruFocus does not calculate it.


Explanation

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.


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