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Helmerich & Payne Inc (NYSE:HP)
Shiller PE Ratio
13.62 (As of Today)

As of today, Helmerich & Payne Inc's current share price is $53.67. Helmerich & Payne Inc's E10 for the quarter that ended in Mar. 2017 was $3.94. Helmerich & Payne Inc's Shiller P/E Ratio for today is 13.62.

HP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.08   Max: 45.3
Current: 13.62

10.08
45.3

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 45.30. The lowest was 10.08. And the median was 20.12.

HP's Shiller PE Ratio is ranked lower than
81% of the 16 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 8.20 vs. HP: 13.62 )

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.

Helmerich & Payne Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was $-0.450. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.94 for the trailing ten years ended in Mar. 2017.


Definition

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.

Helmerich & Payne Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=53.67/3.94
=13.62

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

Helmerich & Payne Inc's E10 for the fiscal year that ended in Sep16 is calculated as:

For example, Helmerich & Payne Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=-0.45/243.985*243.985
=-0.450

Current CPI (Mar. 2017) = 243.985.

Helmerich & Payne Inc Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 1.8601.4100.830-0.2500.1500.190-0.200-0.680-0.330-0.450
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.985
Adj_EPS 1.9331.4570.849-0.2560.1550.195-0.202-0.687-0.333-0.450
201206201209201212201303201306201309201312201403201406201409
per share eps 1.3801.4601.4801.3902.4601.4601.5901.5901.7501.520
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 1.4671.5391.5731.4572.5701.5211.6651.6421.7911.558
200912201003201006201009201012201103201106201109201112201203
per share eps 0.5900.430-0.3400.7700.9600.9101.0101.1201.3201.180
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.6670.482-0.3810.8601.0690.9941.0921.2041.4271.255
200706200709200712200803200806200809200812200903200906200909
per share eps 1.0901.1001.0200.9601.1801.1801.3600.9800.5000.480
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 1.2761.2871.1851.0971.3161.3161.5781.1240.5660.542

Add all the adjusted EPS together and divide 10 will get our E10.


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.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

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

Helmerich & Payne Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ShillerPE 24.8225.6020.2420.1917.0616.4619.0922.8310.4515.92

Helmerich & Payne Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 15.3814.9915.1910.4511.9513.2615.2415.9218.8416.89
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