GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » E10

Golar LNG (Golar LNG) E10 : $-0.62 (As of Mar. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Golar LNG 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.

Golar LNG's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.528. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.62 for the trailing ten years ended in Mar. 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 Golar LNG was 37.60% per year. The lowest was -50.40% per year. And the median was -18.70% per year.

As of today (2024-06-06), Golar LNG's current stock price is $26.33. Golar LNG's E10 for the quarter that ended in Mar. 2024 was $-0.62. Golar LNG's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Golar LNG was 124.45. The lowest was 8.16. And the median was 24.97.


Golar LNG E10 Historical Data

The historical data trend for Golar LNG'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.

Golar LNG E10 Chart

Golar LNG 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 0.40 0.11 0.43 -0.36 -0.64

Golar LNG 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 -0.60 -0.71 -0.60 -0.64 -0.62

Competitive Comparison of Golar LNG's E10

For the Oil & Gas Midstream subindustry, Golar LNG'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.


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

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

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



Golar LNG 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, Golar LNG'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)
=0.528/131.7762*131.7762
=0.528

Current CPI (Mar. 2024) = 131.7762.

Golar LNG Quarterly Data

per share eps CPI Adj_EPS
201406 -0.300 100.560 -0.393
201409 0.083 100.428 0.109
201412 -0.424 99.070 -0.564
201503 0.230 99.621 0.304
201506 -0.029 100.684 -0.038
201509 -1.620 100.392 -2.126
201512 -0.758 99.792 -1.001
201603 -0.926 100.470 -1.215
201606 -0.909 101.688 -1.178
201609 -0.260 101.861 -0.336
201612 0.085 101.863 0.110
201703 -0.650 102.862 -0.833
201706 -0.730 103.349 -0.931
201709 -0.430 104.136 -0.544
201712 0.038 104.011 0.048
201803 -0.210 105.290 -0.263
201806 0.359 106.317 0.445
201809 0.660 106.507 0.817
201812 -3.089 105.998 -3.840
201903 -0.410 107.251 -0.504
201906 -1.120 108.070 -1.366
201909 -1.536 108.329 -1.868
201912 0.244 108.420 0.297
202003 -1.050 108.902 -1.271
202006 -1.700 108.767 -2.060
202009 -0.223 109.815 -0.268
202012 0.074 109.897 0.089
202103 0.230 111.754 0.271
202106 4.288 114.631 4.929
202109 -0.820 115.734 -0.934
202112 0.074 117.630 0.083
202203 3.180 121.301 3.455
202206 2.134 125.017 2.249
202209 1.310 125.227 1.379
202212 0.650 125.222 0.684
202303 -0.948 127.348 -0.981
202306 -0.043 128.729 -0.044
202309 0.860 129.860 0.873
202312 -0.310 129.419 -0.316
202403 0.528 131.776 0.528

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


Golar LNG  (NAS:GLNG) 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 Golar LNG was 124.45. The lowest was 8.16. And the median was 24.97.


Be Aware

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


Golar LNG E10 Related Terms

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


Golar LNG (Golar LNG) Business Description

Traded in Other Exchanges
Address
9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11
Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.

Golar LNG (Golar LNG) Headlines

From GuruFocus

Golar LNG Limited - Announcement of filing of Form 20-F Annual Report

By sperokesalga sperokesalga 03-31-2023

Golar: A Cheap LNG Play

By Rupert Hargreaves 09-16-2022

Golar FLNG Gimi Gastech event and FLNG tour

By Marketwired 08-23-2023

Golar LNG Dividend Information

By sperokesalga sperokesalga 05-30-2023

FLNG Hilli offloads 100th LNG cargo

By Marketwired 10-16-2023

Golar releases its 2022 Environmental, Social and Governance report

By sperokesalga sperokesalga 05-30-2023