GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Williams Partners LP (NYSE:WPZ) » Definitions » Shiller PE Ratio

Williams Partners LP (Williams Partners LP) Shiller PE Ratio : (As of Apr. 26, 2024)


View and export this data going back to 2005. Start your Free Trial

What is Williams Partners LP Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Williams Partners LP Shiller PE Ratio Historical Data

The historical data trend for Williams Partners LP'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.

* Premium members only.

Williams Partners LP Shiller PE Ratio Chart

Williams Partners LP Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Williams Partners LP Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
Shiller PE Ratio 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 - - - - -

Competitive Comparison of Williams Partners LP's Shiller PE Ratio

For the Oil & Gas Midstream subindustry, Williams Partners LP'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.


Williams Partners LP's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Williams Partners LP's Shiller PE Ratio falls into.



Williams Partners LP 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.

Williams Partners LP's E10 for the quarter that ended in Jun. 2018 is calculated as:

For example, Williams Partners LP's adjusted earnings per share data for the three months ended in Jun. 2018 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2018 (Change)*Current CPI (Jun. 2018)
=0.44/106.3168*106.3168
=0.440

Current CPI (Jun. 2018) = 106.3168.

Williams Partners LP Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
200712 0.000 88.616 0.000
200812 0.000 88.697 0.000
200903 0.000 89.744 0.000
200906 0.000 91.003 0.000
200909 0.000 91.120 0.000
200912 0.000 91.111 0.000
201003 0.000 91.821 0.000
201006 0.000 91.962 0.000
201009 0.228 92.162 0.263
201012 0.016 92.474 0.018
201103 0.254 94.283 0.286
201106 0.273 95.235 0.305
201109 0.320 95.727 0.355
201112 0.433 95.213 0.483
201203 0.320 96.783 0.352
201206 0.320 96.819 0.351
201209 0.301 97.633 0.328
201212 0.057 96.871 0.063
201303 0.188 98.209 0.204
201306 0.217 98.518 0.234
201309 0.358 98.790 0.385
201312 1.129 98.326 1.221
201403 0.440 99.695 0.469
201406 0.130 100.560 0.137
201409 0.080 100.428 0.085
201412 0.350 99.070 0.376
201503 -0.340 99.621 -0.363
201506 0.140 100.684 0.148
201509 -0.320 100.392 -0.339
201512 -2.770 99.792 -2.951
201603 -0.250 100.470 -0.265
201606 -0.490 101.688 -0.512
201609 0.420 101.861 0.438
201612 0.150 101.863 0.157
201703 0.680 102.862 0.703
201706 0.330 103.349 0.339
201709 0.270 104.136 0.276
201712 -0.360 104.011 -0.368
201803 0.370 105.290 0.374
201806 0.440 106.317 0.440

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.


Williams Partners LP  (NYSE:WPZ) 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.


Williams Partners LP Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Williams Partners LP's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Williams Partners LP (Williams Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
Williams Partners is a large pipeline company that owns and operates the large Transco and Northwest pipeline systems and associated natural gas gathering and processing and storage assets. It also owns a 60% stake in Discovery, which owns offshore natural gas assets in the Gulf of Mexico. Williams Companies, a publicly traded C-Corporation, owns a 74% interest in Williams Partners. The partnership owns the underlying assets while the corporation holds the stake in the limited partnership.

Williams Partners LP (Williams Partners LP) Headlines