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Plains All American Pipeline LP E10

: $2.01 (As of Sep. 2019)
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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 Sep. 2019 was $0.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.01 for the trailing ten years ended in Sep. 2019.

As of today (2019-11-21), Plains All American Pipeline LP's current stock price is $16.86. Plains All American Pipeline LP's E10 for the quarter that ended in Sep. 2019 was $2.01. Plains All American Pipeline LP's Shiller PE Ratio of today is 8.39.

During the past 13 years, the highest Shiller PE Ratio of Plains All American Pipeline LP was 35.11. The lowest was 8.37. And the median was 22.99.

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
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.94 1.88 1.78 1.76 1.91

Plains All American Pipeline LP Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 1.82 1.91 1.97 1.99 2.01
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 Sep. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2019 (Change)*Current CPI (Sep. 2019)
=0.55/256.358*256.358
=0.550

Current CPI (Sep. 2019) = 256.358.

Plains All American Pipeline LP Quarterly Data

per share eps CPI Adj_EPS
200912 0.250 215.949 0.297
201003 0.400 217.631 0.471
201006 0.325 217.965 0.382
201009 0.140 218.439 0.164
201012 0.340 219.179 0.398
201103 0.450 223.467 0.516
201106 0.565 225.722 0.642
201109 0.740 226.889 0.836
201112 0.680 225.672 0.772
201203 0.510 229.392 0.570
201206 0.930 229.478 1.039
201209 0.270 231.407 0.299
201212 0.690 229.601 0.770
201303 1.270 232.773 1.399
201306 0.570 233.504 0.626
201309 0.380 234.149 0.416
201312 0.580 233.049 0.638
201403 0.730 236.293 0.792
201406 0.450 238.343 0.484
201409 0.520 238.031 0.560
201412 0.670 234.812 0.731
201503 0.350 236.119 0.380
201506 -0.060 238.638 -0.064
201509 0.240 237.945 0.259
201512 0.240 236.525 0.260
201603 0.070 238.132 0.075
201606 -0.200 241.018 -0.213
201609 0.400 241.428 0.425
201612 0.140 241.432 0.149
201703 0.580 243.801 0.610
201706 0.210 244.955 0.220
201709 -0.010 246.819 -0.010
201712 0.190 246.524 0.198
201803 0.330 249.554 0.339
201806 0.070 251.989 0.071
201809 0.870 252.439 0.884
201812 1.380 251.233 1.408
201903 1.200 254.202 1.210
201906 0.540 256.143 0.540
201909 0.550 256.358 0.550

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
=16.86/2.01
=8.39

* 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 35.11. The lowest was 8.37. And the median was 22.99.

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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