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BW LPG (BW LPG) E10 : $1.43 (As of Dec. 2023)


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What is BW LPG 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.

BW LPG's adjusted earnings per share data for the three months ended in Dec. 2023 was $1.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.43 for the trailing ten years ended in Dec. 2023.

During the past 12 months, BW LPG's average E10 Growth Rate was 29.00% 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.

As of today (2024-05-20), BW LPG's current stock price is $17.23. BW LPG's E10 for the quarter that ended in Dec. 2023 was $1.43. BW LPG's Shiller PE Ratio of today is 12.05.

During the past 13 years, the highest Shiller PE Ratio of BW LPG was 12.77. The lowest was 4.67. And the median was 7.65.


BW LPG E10 Historical Data

The historical data trend for BW LPG'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.

BW LPG E10 Chart

BW LPG 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 - - 1.02 1.14 1.43

BW LPG Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.14 1.20 1.18 1.27 1.43

Competitive Comparison of BW LPG's E10

For the Marine Shipping subindustry, BW LPG'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.


BW LPG's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, BW LPG's Shiller PE Ratio distribution charts can be found below:

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



BW LPG 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, BW LPG's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.14/129.4194*129.4194
=1.140

Current CPI (Dec. 2023) = 129.4194.

BW LPG Quarterly Data

per share eps CPI Adj_EPS
201403 0.230 99.695 0.299
201406 0.530 100.560 0.682
201409 0.640 100.428 0.825
201412 0.480 99.070 0.627
201503 0.430 99.621 0.559
201506 0.610 100.684 0.784
201509 0.790 100.392 1.018
201512 0.610 99.792 0.791
201603 0.440 100.470 0.567
201606 -0.400 101.688 -0.509
201609 -0.440 101.861 -0.559
201612 0.590 101.863 0.750
201703 0.070 102.862 0.088
201706 -0.050 103.349 -0.063
201709 -0.190 104.136 -0.236
201712 -0.140 104.011 -0.174
201803 -0.050 105.290 -0.061
201806 -0.200 106.317 -0.243
201809 -0.020 106.507 -0.024
201812 -0.240 105.998 -0.293
201903 -0.170 107.251 -0.205
201906 0.190 108.070 0.228
201909 0.830 108.329 0.992
201912 1.120 108.420 1.337
202003 0.580 108.902 0.689
202006 0.450 108.767 0.535
202009 0.180 109.815 0.212
202012 0.550 109.897 0.648
202103 0.510 111.754 0.591
202106 0.160 114.631 0.181
202109 0.200 115.734 0.224
202112 0.450 117.630 0.495
202203 0.410 121.301 0.437
202206 0.260 125.017 0.269
202209 0.320 125.227 0.331
202212 0.680 125.222 0.703
202303 0.950 127.348 0.965
202306 0.590 128.729 0.593
202309 0.850 129.860 0.847
202312 1.140 129.419 1.140

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


BW LPG  (NYSE:BWLP) 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.

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

Shiller PE Ratio=Share Price/E10
=17.23/1.43
=12.05

* 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 BW LPG was 12.77. The lowest was 4.67. And the median was 7.65.


Be Aware

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


BW LPG E10 Related Terms

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


BW LPG (BW LPG) Business Description

Address
10 Pasir Panjang Road, Mapletree Business City, No.17-02, Singapore, SGP, 117438
BW LPG Ltd is a transportation and logistics company that ships liquified petroleum gas through its fleet of maritime vessels. Liquified petroleum gas is used in homes, agriculture, transportation, and chemical production. The company is organized into two main segments: The shipping segment and the product services segment which buy and sell liquid petroleum gas and deliver it to customers.

BW LPG (BW LPG) Headlines

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