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Cenovus Energy E10

: $0.53 (As of Mar. 2021)
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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.

Cenovus Energy's adjusted earnings per share data for the three months ended in Mar. 2021 was $0.080. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.53 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-18), Cenovus Energy's current stock price is $8.29. Cenovus Energy's E10 for the quarter that ended in Mar. 2021 was $0.53. Cenovus Energy's Shiller PE Ratio of today is 15.64.

During the past 13 years, the highest Shiller PE Ratio of Cenovus Energy was 15.78. The lowest was 3.01. And the median was 11.29.


Cenovus Energy E10 Historical Data

* 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.

Cenovus Energy Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 0.70 0.78 0.51

Cenovus Energy Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.55 0.54 0.51 0.51 0.53

Competitive Comparison
* 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.


Cenovus Energy E10 Distribution

* The bar in red indicates where Cenovus Energy's E10 falls into.



Cenovus Energy 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, Cenovus Energy's adjusted earnings per share data for the three months ended in Mar. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=0.079560824250139/109.7445*109.7445
=0.080

Current CPI (Mar. 2021) = 109.7445.

Cenovus Energy Quarterly Data

per share eps CPI Adj_EPS
201106 0.881 94.812 1.019
201109 0.668 95.444 0.768
201112 0.342 95.365 0.394
201203 0.563 96.550 0.641
201206 0.506 95.997 0.578
201209 0.388 96.550 0.442
201212 -0.162 95.839 -0.185
201303 0.225 96.945 0.254
201306 0.233 97.261 0.263
201309 0.474 97.182 0.535
201312 -0.075 97.261 -0.085
201403 0.297 98.920 0.330
201406 0.748 99.315 0.826
201409 0.427 99.473 0.471
201412 -0.538 98.209 -0.601
201503 -0.682 99.710 -0.750
201506 0.121 100.579 0.132
201509 1.628 100.500 1.778
201512 -0.562 100.184 -0.615
201603 -0.106 101.370 -0.115
201606 -0.248 101.844 -0.267
201609 -0.229 102.002 -0.246
201612 0.082 102.318 0.088
201703 0.187 103.029 0.199
201706 1.768 103.029 1.883
201709 -0.057 103.424 -0.060
201712 0.392 104.056 0.413
201803 -0.410 105.320 -0.427
201806 -0.259 106.110 -0.268
201809 -0.153 105.952 -0.159
201812 -0.819 105.557 -0.851
201903 0.067 107.453 0.069
201906 1.091 108.243 1.106
201909 0.113 107.927 0.115
201912 0.068 108.085 0.069
202003 -1.046 107.216 -1.071
202006 -0.140 108.401 -0.142
202009 -0.121 108.638 -0.122
202012 -0.094 109.192 -0.094
202103 0.080 109.745 0.080

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


Cenovus Energy  (NYSE:CVE) 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.

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

Shiller PE Ratio=Share Price/E10
=8.29/0.53
=15.64

* 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 Cenovus Energy was 15.78. The lowest was 3.01. And the median was 11.29.


Be Aware

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


Cenovus Energy E10 Related Terms


Cenovus Energy E10 Headlines

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