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APA E10

: $-6.33 (As of Dec. 2020)
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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.

APA's adjusted earnings per share data for the three months ended in Dec. 2020 was $-0.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-6.33 for the trailing ten years ended in Dec. 2020.

As of today (2021-04-13), APA's current stock price is $17.280000. APA's E10 for the quarter that ended in Dec. 2020 was $-6.33. APA's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of APA was 35.55. The lowest was 0.00. And the median was 15.05.


APA E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

APA Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.11 -2.80 -3.04 -3.94 -6.33

APA Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 -3.94 -5.35 -5.81 -6.09 -6.33

Competitive Comparison
* 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.


APA E10 Distribution

* The bar in red indicates where APA's E10 falls into.



APA 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, APA's adjusted earnings per share data for the three months ended in Dec. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=-0.04/110.3642*110.3642
=-0.040

Current CPI (Dec. 2020) = 110.3642.

APA Quarterly Data

per share eps CPI Adj_EPS
201103 2.860 94.890 3.326
201106 3.170 95.319 3.670
201109 2.500 95.529 2.888
201112 2.980 95.632 3.439
201203 2.000 97.075 2.274
201206 0.860 96.661 0.982
201209 0.410 97.595 0.464
201212 1.640 97.158 1.863
201303 1.760 98.107 1.980
201306 2.540 98.557 2.844
201309 0.750 98.536 0.840
201312 0.430 98.692 0.481
201403 0.600 100.023 0.662
201406 1.310 100.520 1.438
201409 -3.500 100.176 -3.856
201412 -12.780 98.604 -14.304
201503 -12.340 99.824 -13.643
201506 -2.280 100.691 -2.499
201509 -10.950 100.346 -12.043
201512 -19.070 99.957 -21.055
201603 -0.980 100.947 -1.071
201606 -0.650 101.524 -0.707
201609 -1.600 101.988 -1.731
201612 -0.480 102.456 -0.517
201703 0.560 103.167 0.599
201706 1.500 103.278 1.603
201709 0.160 104.070 0.170
201712 1.190 104.578 1.256
201803 0.380 105.708 0.397
201806 0.510 106.324 0.529
201809 0.210 106.695 0.217
201812 -1.000 106.200 -1.039
201903 -0.120 107.818 -0.123
201906 -0.960 108.250 -0.979
201909 -0.450 108.577 -0.457
201912 -7.890 108.841 -8.000
202003 -11.860 108.173 -12.100
202006 -1.020 109.318 -1.030
202009 -0.020 109.861 -0.020
202012 -0.040 110.364 -0.040

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


APA  (NAS:APA) 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 APA was 35.55. The lowest was 0.00. And the median was 15.05.


Be Aware

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


APA E10 Related Terms


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