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Magellan Midstream Partners LP E10

: $4.53 (As of Jun. 2022)
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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.

Magellan Midstream Partners LP's adjusted earnings per share data for the three months ended in Jun. 2022 was $1.670. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.53 for the trailing ten years ended in Jun. 2022.

As of today (2022-08-12), Magellan Midstream Partners LP's current stock price is $50.83. Magellan Midstream Partners LP's E10 for the quarter that ended in Jun. 2022 was $4.53. Magellan Midstream Partners LP's Shiller PE Ratio of today is 11.22.

During the past 13 years, the highest Shiller PE Ratio of Magellan Midstream Partners LP was 50.26. The lowest was 8.28. And the median was 25.98.


Magellan Midstream Partners LP E10 Historical Data

The historical data trend for Magellan Midstream Partners LP'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.

Magellan Midstream Partners LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
E10
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.62 3.09 3.48 3.72 4.21

Magellan Midstream Partners LP Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 4.00 4.09 4.21 4.37 4.53

Competitive Comparison

For the Oil & Gas Midstream subindustry, Magellan Midstream Partners LP's E10, along with its competitors' market caps and E10 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.

   

Magellan Midstream Partners LP E10 Distribution

For the Oil & Gas industry and Energy sector, Magellan Midstream Partners LP's E10 distribution charts can be found below:

* The bar in red indicates where Magellan Midstream Partners LP's E10 falls into.



Magellan Midstream Partners LP 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, Magellan Midstream Partners LP's adjusted earnings per share data for the three months ended in Jun. 2022 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2022 (Change)*Current CPI (Jun. 2022)
=1.67/123.3228*123.3228
=1.670

Current CPI (Jun. 2022) = 123.3228.

Magellan Midstream Partners LP Quarterly Data

per share eps CPI Adj_EPS
201209 0.220 97.633 0.278
201212 0.680 96.871 0.866
201303 0.500 98.209 0.628
201306 0.680 98.518 0.851
201309 0.550 98.790 0.687
201312 0.830 98.326 1.041
201403 1.070 99.695 1.324
201406 0.640 100.560 0.785
201409 0.870 100.428 1.068
201412 1.100 99.070 1.369
201503 0.810 99.621 1.003
201506 0.780 100.684 0.955
201509 1.100 100.392 1.351
201512 0.910 99.792 1.125
201603 0.910 100.470 1.117
201606 0.820 101.688 0.994
201609 0.850 101.861 1.029
201612 0.930 101.863 1.126
201703 0.980 102.862 1.175
201706 0.920 103.349 1.098
201709 0.870 104.136 1.030
201712 1.040 104.011 1.233
201803 0.920 105.290 1.078
201806 0.940 106.317 1.090
201809 2.600 106.507 3.011
201812 1.370 105.998 1.594
201903 0.910 107.251 1.046
201906 1.110 108.070 1.267
201909 1.190 108.329 1.355
201912 1.250 108.420 1.422
202003 1.260 108.902 1.427
202006 0.590 108.767 0.669
202009 0.940 109.815 1.056
202012 0.820 109.897 0.920
202103 0.990 111.754 1.092
202106 1.260 114.631 1.356
202109 1.080 115.734 1.151
202112 1.140 117.630 1.195
202203 0.780 121.301 0.793
202206 1.670 123.323 1.670

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


Magellan Midstream Partners LP  (NYSE:MMP) 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.

Magellan Midstream Partners LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=50.83/4.53
=11.22

* 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 Magellan Midstream Partners LP was 50.26. The lowest was 8.28. And the median was 25.98.


Be Aware

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


Magellan Midstream Partners LP E10 Related Terms

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


Magellan Midstream Partners LP Business Description

Magellan Midstream Partners LP logo
Traded in Other Exchanges
N/A
Address
One Williams Center, P.O. Box 22186, Tulsa, OK, USA, 74121-2186
Magellan Midstream Partners is a master limited partnership that operates pipelines and storage terminals in the Central and Eastern United States. Its assets transport, store, and distribute refined petroleum products and crude and earn a fee-based stream of cash flows. Assets include the country's longest petroleum pipeline network and several crude oil pipelines. Refined products make about 70% of operating margin, with the remainder mainly crude-oil pipelines.
Executives
Somasundaram Sivasankaran director C/O APERGY CORPORATION 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9 THE WOODLANDS TX 77381
Roles Mark B officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Pearson Michael C officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Joung Chansoo director C/O WARBURG PINCUS LLC 450 LEXINGTON AVENUE NEW YORK NY 10017
Holman Jeffrey L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Little Melanie A officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Guay Edward J director ONE WILLIAMS CENTER, SUITE 2800 TULSA OK 74172
Gobillot Lori director 5103 CITY WEST BLVD. 4TH FLOOR HOUSTON TX 77042
Aaronson Michael officer: Senior Vice President 16666 NORTHCHASE DRIVE HOUSTON TX 77060
Milford Aaron L officer: Senior Vice President & CFO ONE WILLIAMS CENTER TULSA OK 74172
Methvin Stacy P. director 777 HIDDEN RIDGE IRVING TX 75038
Barnes Robert L officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
Osborne Michael P officer: Senior VP & CFO ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172
May Douglas J officer: Senior Vice President ONE WILLIAMS CENTER, SUITE 4100 TULSA OK 74172
Davied Larry J officer: Senior Vice President ONE WILLIAMS CENTER SUITE 2800 TULSA OK 74172

Magellan Midstream Partners LP Headlines

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