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Inpex (IPXHY) E10 : $0.76 (As of Dec. 2023)


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What is Inpex 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.

Inpex's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.499. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.76 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Inpex's average E10 Growth Rate was 22.20% per year. During the past 3 years, the average E10 Growth Rate was 19.70% per year. During the past 5 years, the average E10 Growth Rate was 0.80% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Inpex was 19.70% per year. The lowest was -14.10% per year. And the median was 1.50% per year.

As of today (2024-04-27), Inpex's current stock price is $15.21. Inpex's E10 for the quarter that ended in Dec. 2023 was $0.76. Inpex's Shiller PE Ratio of today is 20.01.

During the past 13 years, the highest Shiller PE Ratio of Inpex was 25.75. The lowest was 6.09. And the median was 13.19.


Inpex E10 Historical Data

The historical data trend for Inpex'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.

Inpex E10 Chart

Inpex Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.76 0.61 0.59 0.67 0.76

Inpex 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 0.67 0.73 0.71 0.68 0.76

Competitive Comparison of Inpex's E10

For the Oil & Gas E&P subindustry, Inpex'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.


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

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

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



Inpex 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, Inpex'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)
=0.499/106.8000*106.8000
=0.499

Current CPI (Dec. 2023) = 106.8000.

Inpex Quarterly Data

per share eps CPI Adj_EPS
201403 0.513 95.700 0.573
201406 0.352 98.000 0.384
201409 0.231 98.500 0.250
201412 0.075 97.900 0.082
201503 -0.136 97.900 -0.148
201506 0.133 98.400 0.144
201509 0.123 98.500 0.133
201512 0.124 98.100 0.135
201603 -0.307 97.900 -0.335
201606 0.051 98.100 0.056
201609 0.053 98.000 0.058
201612 0.190 98.400 0.206
201703 -0.011 98.100 -0.012
201706 0.124 98.500 0.134
201709 0.063 98.800 0.068
201712 0.141 99.400 0.151
201803 -0.084 99.200 -0.090
201806 0.105 99.200 0.113
201809 0.105 99.900 0.112
201812 0.174 99.700 0.186
201903 0.206 99.700 0.221
201906 0.188 99.800 0.201
201909 0.253 100.100 0.270
201912 0.339 100.500 0.360
202003 0.214 100.300 0.228
202006 -0.983 99.900 -1.051
202009 -0.030 99.900 -0.032
202012 0.091 99.300 0.098
202103 0.241 99.900 0.258
202106 0.086 99.500 0.092
202109 0.533 100.100 0.569
202112 0.523 100.100 0.558
202203 0.572 101.100 0.604
202206 0.486 101.800 0.510
202209 0.421 103.100 0.436
202212 1.069 104.100 1.097
202303 0.868 104.400 0.888
202306 0.556 105.200 0.564
202309 0.137 106.200 0.138
202312 0.499 106.800 0.499

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


Inpex  (OTCPK:IPXHY) 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.

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

Shiller PE Ratio=Share Price/E10
=15.21/0.76
=20.01

* 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 Inpex was 25.75. The lowest was 6.09. And the median was 13.19.


Be Aware

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


Inpex E10 Related Terms

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


Inpex (IPXHY) Business Description

Traded in Other Exchanges
Address
Akasaka Biz Tower, 5-3-1 Akasaka, Minato-ku, Tokyo, JPN, 107-6332
Inpex Corp engages in research, exploration, development, production, and sale of oil, natural gas, and other mineral resources. The company is engaged in a multitude of projects spanning the globe. Exploration services are carried through terrestrial geological surveys and geophysical surveys conducted through satellite images and seismic waves. Exploration wells are used to confirm the presence of hydrocarbon products; appraisal follows shortly after. In addition to utilizing production wells, Inpex has gas processing facilities and a transport pipeline for production and shipping. The company also conducts refining/treatment to create products from the oil and natural gas. Marketing and sales are an additional function of the activities performed at Inpex.

Inpex (IPXHY) Headlines

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