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YPF (BSP:Y2PF34) E10 : R$0.35 (As of Mar. 2024)


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What is YPF 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.

YPF's adjusted earnings per share data for the three months ended in Mar. 2024 was R$8.266. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$0.35 for the trailing ten years ended in Mar. 2024.

During the past 12 months, YPF's average E10 Growth Rate was 0.30% per year. During the past 3 years, the average E10 Growth Rate was -68.20% 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 YPF was 110.40% per year. The lowest was -68.20% per year. And the median was 7.65% per year.

As of today (2024-05-24), YPF's current stock price is R$111.10. YPF's E10 for the quarter that ended in Mar. 2024 was R$0.35. YPF's Shiller PE Ratio of today is 317.43.

During the past 13 years, the highest Shiller PE Ratio of YPF was 356.18. The lowest was 9.09. And the median was 52.80.


YPF E10 Historical Data

The historical data trend for YPF'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.

YPF E10 Chart

YPF Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -0.31

YPF Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 - - 0.53 -0.31 0.35

Competitive Comparison of YPF's E10

For the Oil & Gas Integrated subindustry, YPF'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.


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

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

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



YPF 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, YPF's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.266/131.7762*131.7762
=8.266

Current CPI (Mar. 2024) = 131.7762.

YPF Quarterly Data

per share eps CPI Adj_EPS
201406 1.069 100.560 1.401
201409 2.257 100.428 2.962
201412 1.098 99.070 1.460
201503 1.931 99.621 2.554
201506 2.006 100.684 2.625
201509 1.954 100.392 2.565
201512 -1.294 99.792 -1.709
201603 0.643 100.470 0.843
201606 -0.432 101.688 -0.560
201609 -16.339 101.861 -21.138
201612 0.909 101.863 1.176
201703 0.012 102.862 0.015
201706 0.108 103.349 0.138
201709 0.042 104.136 0.053
201712 5.242 104.011 6.641
201803 2.511 105.290 3.143
201806 0.663 106.317 0.822
201809 3.338 106.507 4.130
201812 4.572 105.998 5.684
201903 -1.848 107.251 -2.271
201906 -0.623 108.070 -0.760
201909 -2.335 108.329 -2.840
201912 -1.830 108.420 -2.224
202003 1.201 108.902 1.453
202006 -15.904 108.767 -19.268
202009 -6.405 109.815 -7.686
202012 6.891 109.897 8.263
202103 -0.322 111.754 -0.380
202106 -6.031 114.631 -6.933
202109 3.069 115.734 3.494
202112 6.207 117.630 6.953
202203 3.038 121.301 3.300
202206 9.561 125.017 10.078
202209 8.333 125.227 8.769
202212 5.882 125.222 6.190
202303 4.531 127.348 4.689
202306 3.568 128.729 3.652
202309 -2.369 129.860 -2.404
202312 -18.804 129.419 -19.146
202403 8.266 131.776 8.266

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


YPF  (BSP:Y2PF34) 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.

YPF's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=111.10/0.35
=317.43

* 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.

During the past 13 years, the highest Shiller P/E Ratio of YPF was 356.18. The lowest was 9.09. And the median was 52.80.


Be Aware

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


YPF E10 Related Terms

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


YPF (BSP:Y2PF34) Business Description

Traded in Other Exchanges
Address
Macacha Guemes 515, Buenos Aires, ARG, C1106BKK
YPF SA is an Argentina-based integrated oil and gas company. It is engaged in operating a fully integrated oil and gas chain across the domestic upstream, downstream, and gas and power segments. The company's upstream operations consist of the exploration, development, and production of crude oil, natural gas, and LPG. Its downstream operations include the refining, marketing, transportation, and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels. The company generates maximum revenue from the downstream segment.

YPF (BSP:Y2PF34) Headlines

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