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Petroleo Brasileiro Petrobras (LTS:0KHP) E10 : $1.40 (As of Mar. 2024)


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What is Petroleo Brasileiro Petrobras 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.

Petroleo Brasileiro Petrobras's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.40 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Petroleo Brasileiro Petrobras's average E10 Growth Rate was 23.90% per year. During the past 3 years, the average E10 Growth Rate was 51.50% per year. During the past 5 years, the average E10 Growth Rate was 16.90% per year. During the past 10 years, the average E10 Growth Rate was -6.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Petroleo Brasileiro Petrobras was 51.50% per year. The lowest was -21.40% per year. And the median was -8.35% per year.

As of today (2024-05-21), Petroleo Brasileiro Petrobras's current stock price is $15.095. Petroleo Brasileiro Petrobras's E10 for the quarter that ended in Mar. 2024 was $1.40. Petroleo Brasileiro Petrobras's Shiller PE Ratio of today is 10.78.

During the past 13 years, the highest Shiller PE Ratio of Petroleo Brasileiro Petrobras was 44.03. The lowest was 2.01. And the median was 11.13.


Petroleo Brasileiro Petrobras E10 Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

Petroleo Brasileiro Petrobras E10 Chart

Petroleo Brasileiro Petrobras 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 - 0.37 0.50 0.99 1.38

Petroleo Brasileiro Petrobras 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 1.12 1.26 1.26 1.38 1.40

Competitive Comparison of Petroleo Brasileiro Petrobras's E10

For the Oil & Gas Integrated subindustry, Petroleo Brasileiro Petrobras'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.


Petroleo Brasileiro Petrobras's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petroleo Brasileiro Petrobras's Shiller PE Ratio falls into.



Petroleo Brasileiro Petrobras 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, Petroleo Brasileiro Petrobras'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)
=0.74/159.3724*159.3724
=0.740

Current CPI (Mar. 2024) = 159.3724.

Petroleo Brasileiro Petrobras Quarterly Data

per share eps CPI Adj_EPS
201406 0.360 91.838 0.625
201409 -0.340 92.602 -0.585
201412 -1.480 94.194 -2.504
201503 0.280 97.799 0.456
201506 0.040 100.006 0.064
201509 -0.180 101.392 -0.283
201512 -1.440 104.247 -2.201
201603 -0.040 106.979 -0.060
201606 0.220 108.851 0.322
201609 -0.820 109.986 -1.188
201612 0.120 110.802 0.173
201703 0.220 111.869 0.313
201706 0.020 112.115 0.028
201709 0.020 112.777 0.028
201712 -0.260 114.068 -0.363
201803 0.320 114.868 0.444
201806 0.440 117.038 0.599
201809 0.260 117.881 0.352
201812 0.080 118.340 0.108
201903 0.160 120.124 0.212
201906 0.738 120.977 0.972
201909 0.351 121.292 0.461
201912 0.304 123.436 0.393
202003 -1.480 124.092 -1.901
202006 -0.060 123.557 -0.077
202009 -0.040 125.095 -0.051
202012 1.760 129.012 2.174
202103 0.020 131.660 0.024
202106 1.240 133.871 1.476
202109 0.920 137.913 1.063
202112 0.860 141.992 0.965
202203 1.320 146.537 1.436
202206 1.680 149.784 1.788
202209 1.344 147.800 1.449
202212 1.264 150.207 1.341
202303 1.120 153.352 1.164
202306 0.900 154.519 0.928
202309 0.840 155.464 0.861
202312 0.967 157.148 0.981
202403 0.740 159.372 0.740

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


Petroleo Brasileiro Petrobras  (LTS:0KHP) 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.

Petroleo Brasileiro Petrobras's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.095/1.4
=10.78

* 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 Petroleo Brasileiro Petrobras was 44.03. The lowest was 2.01. And the median was 11.13.


Be Aware

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


Petroleo Brasileiro Petrobras E10 Related Terms

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


Petroleo Brasileiro Petrobras (LTS:0KHP) Business Description

Address
Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.

Petroleo Brasileiro Petrobras (LTS:0KHP) Headlines

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