Seplat Energy (NSA:SEPLAT) E10: ₦15,598.41 (As of Mar. 2026)


NSA:SEPLAT Seplat Energy PLC NSA:SEPLAT
73 GF Score
Price ₦11,363.90
GF Value ₦9,834.59
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Seplat Energy E10?

Seplat Energy NSA:SEPLAT 73 E10 is ₦15,598.41 as of Mar. 2026. GuruFocus rates NSA:SEPLAT with a GF Score™ of 73/100 and a GF Value™ of ₦9,834.59 (Modestly Overvalued). The stock has 9 warning signs investors should review.

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.

Seplat Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was ₦81.686. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₦15,598.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Seplat Energy's average E10 Growth Rate was 14.30% per year. During the past 3 years, the average E10 Growth Rate was 248.60% 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 Seplat Energy was 248.60% per year. The lowest was 248.60% per year. And the median was 248.60% per year.

As of today (2026-06-24), Seplat Energy's current stock price is ₦11363.90. Seplat Energy's E10 for the quarter that ended in Mar. 2026 was ₦15,598.41. Seplat Energy's Shiller PE Ratio of today is 0.73.

During the past 13 years, the highest Shiller PE Ratio of Seplat Energy was 11.52. The lowest was 0.28. And the median was 0.60.


Seplat Energy  (NSA:SEPLAT) 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.

Seplat Energy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=11363.90/15598.41
=0.73

* 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 Seplat Energy was 11.52. The lowest was 0.28. And the median was 0.60.


Be Aware

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


Seplat Energy E10 Related Terms


Seplat Energy E10 Historical Data

* Premium members only.

The historical data trend for Seplat Energy'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.

Seplat Energy E10 Chart

Seplat Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 361.14 292.60 13,469.83 15,293.19

Seplat Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 13,645.36 15,201.03 15,313.96 15,293.19 15,598.41

NSA:SEPLAT vs COP, EOG, OXY: E10 Comparison

For the Oil & Gas E&P subindustry, Seplat Energy'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.


Seplat Energy Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Seplat Energy's Shiller PE Ratio falls into.


NSA:SEPLAT
73GF Score
Seplat Energy PLC NSA:SEPLAT
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seplat Energy 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, Seplat Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=81.686/330.2130*330.2130
=81.686

Current CPI (Mar. 2026) = 330.2130.

Seplat Energy Quarterly Data

per share eps CPI Adj_EPS
201606 -108.915 241.018 -149.222
201609 -81.686 241.428 -111.726
201612 -163.373 241.432 -223.450
201703 -40.843 243.801 -55.319
201706 -13.614 244.955 -18.352
201709 54.458 246.819 72.858
201712 639.877 246.524 857.100
201803 54.458 249.554 72.060
201806 66.574 251.989 87.240
201809 95.301 252.439 124.662
201812 122.530 251.233 161.050
201903 81.686 254.202 106.112
201906 204.216 256.143 263.270
201909 149.758 256.759 192.601
201912 231.445 256.974 297.408
202003 -258.674 258.115 -330.928
202006 -13.614 257.797 -17.438
202009 27.229 260.280 34.545
202012 -40.843 260.474 -51.778
202103 81.686 264.877 101.835
202106 54.458 271.696 66.187
202109 40.843 274.310 49.167
202112 176.987 278.802 209.623
202203 40.843 287.504 46.910
202206 149.758 296.311 166.892
202209 -13.614 296.808 -15.146
202212 -27.229 296.797 -30.295
202303 136.144 301.836 148.944
202306 -27.229 305.109 -29.469
202309 -13.614 307.789 -14.606
202312 95.301 306.746 102.592
202403 0.000 312.332 0.000
202406 124,966.560 314.175 131,345.851
202409 0.000 315.301 0.000
202412 245.059 315.605 256.402
202503 40.843 319.799 42.173
202506 13,696.084 322.561 14,020.991
202509 163.373 324.800 166.096
202512 155.463 324.054 158.418
202603 81.686 330.213 81.686

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₦15,598.41 mean?
Seplat Energy (NSA:SEPLAT) has a E10 of ₦15,598.41 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Seplat Energy and its competitors.
Is Seplat Energy's E10 too high?
Seplat Energy's current E10 is ₦15,598.41. Overall, Seplat Energy has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seplat Energy's E10 compare to COP and EOG?
Seplat Energy's E10 of ₦15,598.41 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Seplat Energy and its competitors. Seplat Energy's current E10 is ₦15,598.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seplat Energy stock overvalued right now?
Based on GuruFocus' analysis, Seplat Energy (NSA:SEPLAT) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦9,834.59, compared to a current price of ₦11,363.90 — trading 15.6% above its estimated fair value. The current E10 is ₦15,598.41. Seplat Energy's overall GF Score™ is 73/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Seplat Energy (NSA:SEPLAT), the current E10 is ₦15,598.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Seplat Energy (NSA:SEPLAT) Overvalued in 2026?

Based on GuruFocus' analysis, Seplat Energy stock appears to be overvalued. The current stock price of ₦11,363.90 is trading 15.6% above its estimated GF Value™ of ₦9,834.59. GuruFocus considers Seplat Energy to be Modestly Overvalued.

Key valuation signals for NSA:SEPLAT:

  • E10: ₦15,598.41
  • GF Value™: ₦9,834.59 vs. price of ₦11,363.90 (15.6% above fair value)
  • GF Score™: 73/100 with 9 warning signs

No single metric tells the full story. See the NSA:SEPLAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seplat Energy Business Description

Industry EnergyOil & Gas
Address 1, Lekki-Epe Expressway, Victoria Island, Seplat House, Lagos, NGA
Seplat Energy PLC is a Nigerian independent upstream oil and gas company that focuses on production and development opportunities in Nigeria. The company has two reportable segments, namely Oil and Gas. Geographically, it derives a key revenue from India, Spain, the Netherlands, and the USA. The company's exploration assets include OMLs 4, 38, and 41, which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.
73GF Score

Get the complete analysis for NSA:SEPLAT

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦11,363.90
Price
₦9,834.59
GF Value