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Repsol (BUE:REP) E10 : ARS33.81 (As of Mar. 2024)


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What is Repsol 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.

Repsol's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS723.451. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS33.81 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Repsol's average E10 Growth Rate was 69.40% per year. During the past 3 years, the average E10 Growth Rate was 40.80% per year. During the past 5 years, the average E10 Growth Rate was -12.10% per year. During the past 10 years, the average E10 Growth Rate was -15.90% 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 Repsol was 40.80% per year. The lowest was -40.70% per year. And the median was 6.10% per year.

As of today (2024-06-20), Repsol's current stock price is ARS629.00. Repsol's E10 for the quarter that ended in Mar. 2024 was ARS33.81. Repsol's Shiller PE Ratio of today is 18.60.

During the past 13 years, the highest Shiller PE Ratio of Repsol was 48.39. The lowest was 5.40. And the median was 11.02.


Repsol E10 Historical Data

The historical data trend for Repsol'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.

Repsol E10 Chart

Repsol 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 41.54 22.11 17.48 19.48 37.88

Repsol 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 21.73 23.59 23.43 37.88 33.81

Competitive Comparison of Repsol's E10

For the Oil & Gas Integrated subindustry, Repsol'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.


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

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

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



Repsol 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, Repsol'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)
=723.451/122.7621*122.7621
=723.451

Current CPI (Mar. 2024) = 122.7621.

Repsol Quarterly Data

per share eps CPI Adj_EPS
201406 3.875 101.081 4.706
201409 2.433 100.441 2.974
201412 -0.617 100.251 -0.756
201503 4.932 99.474 6.087
201506 2.040 101.138 2.476
201509 -1.688 99.559 -2.081
201512 -21.290 100.268 -26.066
201603 4.716 98.638 5.869
201606 2.042 100.333 2.498
201609 5.357 99.737 6.594
201612 6.354 101.842 7.659
201703 7.255 100.896 8.827
201706 4.261 101.848 5.136
201709 6.892 101.524 8.334
201712 7.005 102.975 8.351
201803 9.441 102.122 11.349
201806 16.607 104.165 19.572
201809 15.888 103.818 18.787
201812 3.003 104.193 3.538
201903 16.784 103.488 19.910
201906 17.165 104.612 20.143
201909 12.319 103.905 14.555
201912 -235.774 105.015 -275.620
202003 -21.261 103.469 -25.225
202006 -98.681 104.254 -116.199
202009 -6.121 103.521 -7.259
202012 -46.531 104.456 -54.686
202103 43.968 104.857 51.476
202106 44.512 107.102 51.020
202109 52.916 107.669 60.334
202112 42.222 111.298 46.571
202203 111.156 115.153 118.501
202206 101.759 118.044 105.826
202209 64.660 117.221 67.717
202212 216.666 117.650 226.080
202303 179.783 118.948 185.548
202306 59.805 120.278 61.040
202309 399.623 121.343 404.298
202312 543.272 121.300 549.822
202403 723.451 122.762 723.451

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


Repsol  (BUE:REP) 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.

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

Shiller PE Ratio=Share Price/E10
=629.00/33.81
=18.60

* 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 Repsol was 48.39. The lowest was 5.40. And the median was 11.02.


Be Aware

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


Repsol E10 Related Terms

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


Repsol (BUE:REP) Business Description

Address
Calle Mendez Alvaro, 44, Madrid, ESP, 28045
Repsol is a Spanish integrated oil and gas firm. In 2022, production was 550,000 barrels of oil equivalent a day (34% liquids), and proven reserves stood at 1.9 billion barrels of oil equivalent (33% oil). It also operates a downstream segment with refining capacity of 1.0 million barrels a day.

Repsol (BUE:REP) Headlines

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