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APA (APA) E10 : $-4.38 (As of Mar. 2025)


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What is APA E10?

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.

APA's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-4.38 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average E10 Growth Rate was 8.40% per year. During the past 5 years, the average E10 Growth Rate was -8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of APA was 53.30% per year. The lowest was -56.50% per year. And the median was 10.50% per year.

As of today (2025-07-05), APA's current stock price is $19.53. APA's E10 for the quarter that ended in Mar. 2025 was $-4.38. APA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of APA was 35.05. The lowest was 13.84. And the median was 30.22.


APA E10 Historical Data

The historical data trend for APA's E10 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.

APA E10 Chart

APA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.29 -7.89 -7.94 -8.00 -6.07

APA Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 -8.18 -8.25 -7.88 -6.07 -4.38

Competitive Comparison of APA's E10

For the Oil & Gas E&P subindustry, APA'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.


APA's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where APA's Shiller PE Ratio falls into.


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APA E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get 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.

For example, APA's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.96/134.9266*134.9266
=0.960

Current CPI (Mar. 2025) = 134.9266.

APA Quarterly Data

per share eps CPI Adj_EPS
201506 -2.280 100.684 -3.055
201509 -10.950 100.392 -14.717
201512 -19.070 99.792 -25.784
201603 -0.980 100.470 -1.316
201606 -0.650 101.688 -0.862
201609 -1.600 101.861 -2.119
201612 -0.480 101.863 -0.636
201703 0.560 102.862 0.735
201706 1.500 103.349 1.958
201709 0.160 104.136 0.207
201712 1.190 104.011 1.544
201803 0.380 105.290 0.487
201806 0.510 106.317 0.647
201809 0.210 106.507 0.266
201812 -1.000 105.998 -1.273
201903 -0.120 107.251 -0.151
201906 -0.960 108.070 -1.199
201909 -0.450 108.329 -0.560
201912 -7.890 108.420 -9.819
202003 -11.860 108.902 -14.694
202006 -1.020 108.767 -1.265
202009 -0.020 109.815 -0.025
202012 -0.040 109.897 -0.049
202103 1.020 111.754 1.231
202106 0.820 114.631 0.965
202109 -0.300 115.734 -0.350
202112 1.050 117.630 1.204
202203 5.430 121.301 6.040
202206 2.710 125.017 2.925
202209 1.280 125.227 1.379
202212 1.380 125.222 1.487
202303 0.780 127.348 0.826
202306 1.230 128.729 1.289
202309 1.490 129.860 1.548
202312 5.780 129.419 6.026
202403 0.440 131.776 0.451
202406 1.460 132.554 1.486
202409 -0.600 133.029 -0.609
202412 0.960 133.157 0.973
202503 0.960 134.927 0.960

Add all the adjusted EPS together and divide 10 will get our e10.


APA  (NAS:APA) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

During the past 13 years, the highest Shiller P/E Ratio of APA was 35.05. The lowest was 13.84. And the median was 30.22.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


APA E10 Related Terms

Thank you for viewing the detailed overview of APA's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


APA Business Description

Address
2000 W. Sam Houston Pkwy S, Suite 200, Houston, TX, USA, 77042-3643
APA Corp is an independent exploration and production company. It develops, and produces crude oil, natural gas, and natural gas liquids. The Company's business has oil and gas operations in three geographic areas: the United States (U.S.), Egypt, and offshore the U.K. in the North Sea (North Sea). APA also has active development, exploration, and appraisal operations ongoing in Suriname, as well as exploration interests in Uruguay, Alaska, and other international locations.
Executives
Chansoo Joung director C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Juliet S Ellis director C/O DONNELLEY FINANCIAL SOLUTIONS, 35 WEST WACKER DRIVE, CHICAGO IL 60601
Tracey K Henderson officer: Executive VP Exploration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
Mark D Maddox officer: Executive VP - Administration C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
P Anthony Lannie officer: Exec. Vice Pres & Gen Counsel C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
David L Stover director NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Charles W Hooper director C/O APA CORPORATION, 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
D. Clay Bretches officer: Exec. VP, Operations C/O APACHE CORPORATION, 2000 POST OAK BLVD, STE 100, HOUSTON TX 77056
Rebecca A Hoyt officer: Sr. VP, Chief Acct Officer C/O APACHE CORPORATION, 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056-4400
Annell R Bay director C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056
Lamar Mckay director 2000 POST OAK BLVD STE 100, HOUSTON TX 77056
John E Lowe director 600 N DAIRY ASHFORD, HOUSTON TX 77079
Rene R Joyce director P.O. BOX 130430, HOUSTON TX 77219-0430
Daniel Wayne Rabun director 6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056