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Frontline (MEX:FRO1 N) E10 : MXN30.04 (As of Mar. 2025)


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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 Mar. 2025 was MXN3.069. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN30.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Frontline's average E10 Growth Rate was 875.00% 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 Frontline was 80.20% per year. The lowest was -60.60% per year. And the median was 5.80% per year.

As of today (2025-07-04), Frontline's current stock price is MXN381.22. Frontline's E10 for the quarter that ended in Mar. 2025 was MXN30.04. Frontline's Shiller PE Ratio of today is 12.69.

During the past 13 years, the highest Shiller PE Ratio of Frontline was 237.92. The lowest was 0.79. And the median was 1.50.


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 -525.21 -188.67 -37.51 -0.84 35.19

Frontline Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.96 11.25 20.02 35.19 30.04

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.


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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 Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.069/134.9266*134.9266
=3.069

Current CPI (Mar. 2025) = 134.9266.

Frontline Quarterly Data

per share eps CPI Adj_EPS
201506 6.869 100.684 9.205
201509 7.604 100.392 10.220
201512 6.439 99.792 8.706
201603 8.607 100.470 11.559
201606 1.664 101.688 2.208
201609 0.580 101.861 0.768
201612 2.474 101.863 3.277
201703 3.013 102.862 3.952
201706 -1.988 103.349 -2.595
201709 -2.541 104.136 -3.292
201712 -28.674 104.011 -37.197
201803 -1.453 105.290 -1.862
201806 -2.554 106.317 -3.241
201809 0.187 106.507 0.237
201812 2.945 105.998 3.749
201903 4.656 107.251 5.857
201906 0.000 108.070 0.000
201909 -1.185 108.329 -1.476
201912 2.829 108.420 3.521
202003 19.696 108.902 24.403
202006 23.313 108.767 28.920
202009 6.406 109.815 7.871
202012 -0.995 109.897 -1.222
202103 3.066 111.754 3.702
202106 -2.588 114.631 -3.046
202109 -3.496 115.734 -4.076
202112 2.051 117.630 2.353
202203 2.788 121.301 3.101
202206 5.029 125.017 5.428
202209 14.080 125.227 15.171
202212 21.056 125.222 22.688
202303 16.222 127.348 17.187
202306 17.830 128.729 18.688
202309 8.361 129.860 8.687
202312 8.996 129.419 9.379
202403 13.443 131.776 13.764
202406 15.389 132.554 15.664
202409 5.316 133.029 5.392
202412 6.257 133.157 6.340
202503 3.069 134.927 3.069

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


Frontline  (MEX:FRO1 N) 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
=381.22/30.04
=12.69

* 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 1.50.


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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