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

As of today, Helmerich & Payne Inc's current share price is $54.13. Helmerich & Payne Inc's E10 for the quarter that ended in Mar. 2017 was $3.96. Helmerich & Payne Inc's Shiller P/E Ratio for today is 13.67.

HP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.12   Max: 45.02
Current: 13.67

10.12
45.02

During the past 13 years, Helmerich & Payne Inc's highest Shiller P/E Ratio was 45.02. The lowest was 10.12. And the median was 19.78.

HP's Shiller PE Ratio is ranked lower than
75% of the 16 Companies
in the Global Oil & Gas Drilling industry.

( Industry Median: 5.73 vs. HP: 13.67 )

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 $3.96 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
=54.13/3.96
=13.67

* 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)
=-0.45/243.801*243.801
=-0.450

Current CPI (Mar. 2017) = 243.801.

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 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS 1.9311.4560.848-0.2560.1550.195-0.202-0.687-0.333-0.450
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 1.4661.5381.5721.4562.5681.5201.6631.6411.7901.557
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 0.6660.482-0.3800.8591.0680.9931.0911.2031.4261.254
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 1.2751.2861.1841.0961.3151.3151.5771.1230.5650.542

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 24.7225.5020.1720.1217.0016.3919.2022.7310.4015.85

Helmerich & Payne Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 15.3215.0715.2810.4012.0213.2115.3215.8518.9516.81
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