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Schlumberger (BUE:SLB) E10 : ARS-305.61 (As of Sep. 2024)


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What is Schlumberger 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.

Schlumberger's adjusted earnings per share data for the three months ended in Sep. 2024 was ARS2,366.745. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS-305.61 for the trailing ten years ended in Sep. 2024.

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 Schlumberger was 40.60% per year. The lowest was -56.90% per year. And the median was 7.90% per year.

As of today (2024-12-11), Schlumberger's current stock price is ARS14900.00. Schlumberger's E10 for the quarter that ended in Sep. 2024 was ARS-305.61. Schlumberger's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Schlumberger was 660.83. The lowest was 8.39. And the median was 22.03.


Schlumberger E10 Historical Data

The historical data trend for Schlumberger'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.

Schlumberger E10 Chart

Schlumberger 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 39.57 23.15 14.04 -7.99 -141.82

Schlumberger Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -96.14 -141.82 -194.12 -279.81 -305.61

Competitive Comparison of Schlumberger's E10

For the Oil & Gas Equipment & Services subindustry, Schlumberger'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2366.745/133.0289*133.0289
=2,366.745

Current CPI (Sep. 2024) = 133.0289.

Schlumberger Quarterly Data

per share eps CPI Adj_EPS
201412 5.900 99.070 7.922
201503 20.109 99.621 26.853
201506 23.988 100.684 31.694
201509 22.001 100.392 29.154
201512 -31.451 99.792 -41.926
201603 17.525 100.470 23.204
201606 -65.425 101.688 -85.589
201609 5.818 101.861 7.598
201612 -7.134 101.863 -9.317
201703 9.250 102.862 11.963
201706 -2.473 103.349 -3.183
201709 20.502 104.136 26.190
201712 -93.375 104.011 -119.425
201803 22.970 105.290 29.022
201806 23.194 106.317 29.021
201809 50.783 106.507 63.429
201812 43.971 105.998 55.184
201903 35.181 107.251 43.637
201906 46.913 108.070 57.748
201909 -1,379.135 108.329 -1,693.583
201912 43.037 108.420 52.805
202003 -990.626 108.902 -1,210.102
202006 -507.289 108.767 -620.445
202009 -13.363 109.815 -16.188
202012 65.595 109.897 79.402
202103 56.750 111.754 67.553
202106 85.257 114.631 98.940
202109 114.403 115.734 131.499
202112 127.247 117.630 143.905
202203 115.962 121.301 127.174
202206 241.863 125.017 257.364
202209 262.615 125.227 278.978
202212 372.183 125.222 395.387
202303 385.223 127.348 402.408
202306 518.400 128.729 535.717
202309 818.883 129.860 838.869
202312 833.910 129.419 857.168
202403 1,870.350 131.776 1,888.130
202406 2,068.605 132.554 2,076.019
202409 2,366.745 133.029 2,366.745

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


Schlumberger  (BUE:SLB) 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 Schlumberger was 660.83. The lowest was 8.39. And the median was 22.03.


Be Aware

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


Schlumberger E10 Related Terms

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


Schlumberger Business Description

Address
5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts well over $1 billion in digital-related revenue.