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Plains All American Pipeline LP E10

: $1.56 (As of Mar. 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.

Plains All American Pipeline LP's adjusted earnings per share data for the three months ended in Mar. 2020 was $-3.980. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.56 for the trailing ten years ended in Mar. 2020.

As of today (2020-05-31), Plains All American Pipeline LP's current stock price is $9.70. Plains All American Pipeline LP's E10 for the quarter that ended in Mar. 2020 was $1.56. Plains All American Pipeline LP's Shiller PE Ratio of today is 6.22.

During the past 13 years, the highest Shiller PE Ratio of Plains All American Pipeline LP was 35.32. The lowest was 3.33. And the median was 22.74.

Plains All American Pipeline LP E10 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.

Plains All American Pipeline LP Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.87 1.77 1.76 1.90 2.03

Plains All American Pipeline LP Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
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 1.96 1.99 2.00 2.03 1.56
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.

Plains All American Pipeline LP E10 Distribution

* The bar in red indicates where Plains All American Pipeline LP's E10 falls into.


Plains All American Pipeline 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.

For example, Plains All American Pipeline LP's adjusted earnings per share data for the three months ended in Mar. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2020 (Change)*Current CPI (Mar. 2020)
=-3.98/258.12*258.12
=-3.980

Current CPI (Mar. 2020) = 258.12.

Plains All American Pipeline LP Quarterly Data

per share eps CPI Adj_EPS
201006 0.325 217.970 0.385
201009 0.140 218.440 0.165
201012 0.340 219.180 0.400
201103 0.450 223.470 0.520
201106 0.565 225.720 0.646
201109 0.740 226.890 0.842
201112 0.680 225.670 0.778
201203 0.510 229.390 0.574
201206 0.930 229.480 1.046
201209 0.270 231.410 0.301
201212 0.690 229.600 0.776
201303 1.270 232.770 1.408
201306 0.570 233.500 0.630
201309 0.380 234.150 0.419
201312 0.580 233.050 0.642
201403 0.730 236.290 0.797
201406 0.450 238.340 0.487
201409 0.520 238.030 0.564
201412 0.670 234.810 0.737
201503 0.350 236.120 0.383
201506 -0.060 238.640 -0.065
201509 0.240 237.940 0.260
201512 0.240 236.530 0.262
201603 0.070 238.130 0.076
201606 -0.200 241.020 -0.214
201609 0.400 241.430 0.428
201612 0.140 241.430 0.150
201703 0.580 243.800 0.614
201706 0.210 244.960 0.221
201709 -0.010 246.820 -0.010
201712 0.190 246.520 0.199
201803 0.330 249.550 0.341
201806 0.070 251.990 0.072
201809 0.870 252.440 0.890
201812 1.380 251.230 1.418
201903 1.200 254.200 1.219
201906 0.540 256.140 0.544
201909 0.550 256.760 0.553
201912 0.350 256.970 0.352
202003 -3.980 258.120 -3.980

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

Plains All American Pipeline LP  (NYSE:PAA) 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.

Plains All American Pipeline LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.70/1.56
=6.22

* 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 Plains All American Pipeline LP was 35.32. The lowest was 3.33. And the median was 22.74.

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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