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Frontline (CHIX:FROO) E10 : kr14.39 (As of Dec. 2024)


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What is Frontline 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.

Frontline's adjusted earnings per share data for the three months ended in Dec. 2024 was kr3.366. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is kr14.39 for the trailing ten years ended in Dec. 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 Frontline was 80.20% per year. The lowest was -60.60% per year. And the median was 5.80% per year.

As of today (2025-03-25), Frontline's current stock price is kr169.95. Frontline's E10 for the quarter that ended in Dec. 2024 was kr14.39. Frontline's Shiller PE Ratio of today is 11.81.

During the past 13 years, the highest Shiller PE Ratio of Frontline was 237.92. The lowest was 0.79. And the median was 1.36.


Frontline E10 Historical Data

The historical data trend for Frontline'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.

Frontline E10 Chart

Frontline 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 -56.60 -23.55 -18.45 -0.60 14.39

Frontline Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.60 1.28 8.09 12.60 14.39

Competitive Comparison of Frontline's E10

For the Oil & Gas Midstream subindustry, Frontline'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=3.366/133.1571*133.1571
=3.366

Current CPI (Dec. 2024) = 133.1571.

Frontline Quarterly Data

per share eps CPI Adj_EPS
201503 9.994 99.621 13.358
201506 3.420 100.684 4.523
201509 3.728 100.392 4.945
201512 3.257 99.792 4.346
201603 4.238 100.470 5.617
201606 0.748 101.688 0.979
201609 0.246 101.861 0.322
201612 1.027 101.863 1.343
201703 1.361 102.862 1.762
201706 -0.931 103.349 -1.200
201709 -1.097 104.136 -1.403
201712 -12.144 104.011 -15.547
201803 -0.622 105.290 -0.787
201806 -1.054 106.317 -1.320
201809 0.082 106.507 0.103
201812 1.294 105.998 1.626
201903 2.066 107.251 2.565
201906 0.000 108.070 0.000
201909 -0.540 108.329 -0.664
201912 1.354 108.420 1.663
202003 8.602 108.902 10.518
202006 9.628 108.767 11.787
202009 2.657 109.815 3.222
202012 -0.435 109.897 -0.527
202103 1.277 111.754 1.522
202106 -1.095 114.631 -1.272
202109 -1.472 115.734 -1.694
202112 0.898 117.630 1.017
202203 1.237 121.301 1.358
202206 2.437 125.017 2.596
202209 7.209 125.227 7.666
202212 10.671 125.222 11.347
202303 9.479 127.348 9.911
202306 11.228 128.729 11.614
202309 5.148 129.860 5.279
202312 5.591 129.419 5.752
202403 8.596 131.776 8.686
202406 8.917 132.554 8.958
202409 2.868 133.029 2.871
202412 3.366 133.157 3.366

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


Frontline  (CHIX:FROo) 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.

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

Shiller PE Ratio=Share Price/E10
=169.95/14.39
=11.81

* 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 Frontline was 237.92. The lowest was 0.79. And the median was 1.36.


Be Aware

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


Frontline E10 Related Terms

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


Frontline Business Description

Address
8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.

Frontline Headlines

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