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Nabors Industries Ltd  (NYSE:NBR) E10: $-0.28 (As of Jun. 2017)

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.

Nabors Industries Ltd's adjusted earnings per share data for the three months ended in Jun. 2017 was $-0.460. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.28 for the trailing ten years ended in Jun. 2017.

As of today, Nabors Industries Ltd's current stock price is $6.54. Nabors Industries Ltd's E10 for the quarter that ended in Jun. 2017 was $-0.28. Nabors Industries Ltd's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Nabors Industries Ltd was 909.00. The lowest was 0.00. And the median was 13.21.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Nabors Industries Ltd Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 1.47 1.14 0.78 0.02

Nabors Industries Ltd Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.40 0.24 0.02 -0.14 -0.28

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.


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.

For example, Nabors Industries Ltd's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=-0.46/244.955*244.955
=-0.460

Current CPI (Jun. 2017) = 244.955.

Nabors Industries Ltd Quarterly Data

per share eps CPI Adj_EPS
200709 0.760 208.490 0.893
200712 0.780 210.036 0.910
200803 0.810 213.528 0.929
200806 0.670 218.815 0.750
200809 0.730 218.783 0.817
200812 -0.590 210.228 -0.687
200903 0.440 212.709 0.507
200906 -0.680 215.693 -0.772
200909 0.100 215.969 0.113
200912 -0.160 215.949 -0.181
201003 0.140 217.631 0.158
201006 0.150 217.965 0.169
201009 -0.140 218.439 -0.157
201012 0.170 219.179 0.190
201103 0.280 223.467 0.307
201106 0.650 225.722 0.705
201109 0.250 226.889 0.270
201112 -0.350 225.672 -0.380
201203 0.460 229.392 0.491
201206 -0.250 229.478 -0.267
201209 0.260 231.407 0.275
201212 0.090 229.601 0.096
201303 0.330 232.773 0.347
201306 -0.010 233.504 -0.010
201309 -0.350 234.149 -0.366
201312 0.500 233.049 0.526
201403 0.160 236.293 0.166
201406 0.210 238.343 0.216
201409 0.350 238.031 0.360
201412 -3.020 234.812 -3.150
201503 0.420 236.119 0.436
201506 -0.130 238.638 -0.133
201509 -1.020 237.945 -1.050
201512 -0.570 236.525 -0.590
201603 -1.410 238.132 -1.450
201606 -0.650 241.018 -0.661
201609 -0.390 241.428 -0.396
201612 -1.180 241.432 -1.197
201703 -0.520 243.801 -0.522
201706 -0.460 244.955 -0.460

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

Nabors Industries Ltd's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=6.54/-0.28
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Nabors Industries Ltd was 909.00. The lowest was 0.00. And the median was 13.21.


Be Aware

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


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