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Western Midstream Partners LP E10

: $1.43 (As of Sep. 2021)
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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.

Western Midstream Partners LP's adjusted earnings per share data for the three months ended in Sep. 2021 was $0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.43 for the trailing ten years ended in Sep. 2021.

As of today (2021-11-28), Western Midstream Partners LP's current stock price is $20.75. Western Midstream Partners LP's E10 for the quarter that ended in Sep. 2021 was $1.43. Western Midstream Partners LP's Shiller PE Ratio of today is 14.51.

During the past 13 years, the highest Shiller PE Ratio of Western Midstream Partners LP was 16.35. The lowest was 5.30. And the median was 13.67.


Western Midstream Partners LP E10 Historical Data

The historical data trend for Western Midstream Partners LP'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.

* Premium members only.

Western Midstream Partners LP Annual Data
Trend 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 - - - - 1.42

Western Midstream Partners LP Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 1.39 1.42 1.38 1.44 1.43

Competitive Comparison

For the Oil & Gas Midstream subindustry, Western Midstream Partners LP's E10, along with its competitors' market caps and E10 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.

   

Western Midstream Partners LP E10 Distribution

For the Oil & Gas industry and Energy sector, Western Midstream Partners LP's E10 distribution charts can be found below:

* The bar in red indicates where Western Midstream Partners LP's E10 falls into.



Western Midstream Partners 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.

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, Western Midstream Partners LP's adjusted earnings per share data for the three months ended in Sep. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2021 (Change)*Current CPI (Sep. 2021)
=0.61/115.7343*115.7343
=0.610

Current CPI (Sep. 2021) = 115.7343.

Western Midstream Partners LP Quarterly Data

per share eps CPI Adj_EPS
201112 0.680 95.213 0.827
201203 0.334 96.783 0.399
201206 0.366 96.819 0.438
201209 0.378 97.633 0.448
201212 -0.239 96.871 -0.286
201303 0.120 98.209 0.141
201306 0.160 98.518 0.188
201309 0.200 98.790 0.234
201312 0.220 98.326 0.259
201403 0.230 99.695 0.267
201406 0.250 100.560 0.288
201409 0.270 100.428 0.311
201412 0.260 99.070 0.304
201503 -0.190 99.621 -0.221
201506 0.310 100.684 0.356
201509 0.410 100.392 0.473
201512 -0.140 99.792 -0.162
201603 0.320 100.470 0.369
201606 0.410 101.688 0.467
201609 0.420 101.861 0.477
201612 0.380 101.863 0.432
201703 0.350 102.862 0.394
201706 0.480 103.349 0.538
201709 0.440 104.136 0.489
201712 0.450 104.011 0.501
201803 0.460 105.290 0.506
201806 0.310 106.317 0.337
201809 0.490 106.507 0.532
201812 0.430 105.998 0.469
201903 0.300 107.251 0.324
201906 0.370 108.070 0.396
201909 0.270 108.329 0.288
201912 0.620 108.420 0.662
202003 -0.570 108.902 -0.606
202006 0.600 108.767 0.638
202009 0.550 109.815 0.580
202012 0.620 109.897 0.653
202103 0.440 111.754 0.456
202106 0.550 114.631 0.555
202109 0.610 115.734 0.610

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


Western Midstream Partners LP  (NYSE:WES) 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.

Western Midstream Partners LP's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=20.75/1.43
=14.51

* 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 Western Midstream Partners LP was 16.35. The lowest was 5.30. And the median was 13.67.


Be Aware

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


Western Midstream Partners LP E10 Related Terms

Thank you for viewing the detailed overview of Western Midstream Partners LP's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Western Midstream Partners LP Business Description

Western Midstream Partners LP logo
Industry
Energy » Oil & Gas NAICS : 213112 SIC : 1389
Traded in Other Exchanges
N/A
Address
9950 Woodloch Forest Drive, Suite 2800, The Woodlands, TX, USA, 77380
Western Midstream Partners LP is a US-based company which own, operate, acquire and develop midstream energy assets. The company through its subsidiary is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, NGLs and crude oil. It owns or has investments in assets located in the Rocky Mountains (Colorado, Utah, and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas.
Executives
Stewart Lisa A director EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON TX 77002
Schulte David J director 233 WEST 47TH ST. KANSAS CITY MO 64112
Owen Kenneth F. director 15631 JACINTOPORT BLVD. HOUSTON TX 77015
Oxy Oil Partners, Inc. 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Occidental Permian Manager Llc 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Baseball Merger Sub 2, Inc. 10 percent owner 5 GREENWAY PLAZA, SUITE 110 HOUSTON TX 77046
Wgr Asset Holding Co Llc 10 percent owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Kerr-mcgee Worldwide Corp other: Former 10% Owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Apc Midstream Holdings, Llc 10 percent owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Anadarko E&p Onshore Llc other: Former 10% Owner 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Western Gas Resources Inc 10 percent owner 1099 18TH STREET, SUITE 1200 DENVER CO 80202-1955
Anadarko Petroleum Corp 10 percent owner 1201 LAKE ROBBINS DR. THE WOODLANDS TX 77380
Occidental Petroleum Corp /de/ 10 percent owner 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Oxy Usa Inc 10 percent owner 5 GREENWAY PLAZA SUITE 110 HOUSTON TX 77046
Bourne Robert W. officer: SVP & Chief Commercial Officer 1400 16TH STREET SUITE 310 DENVER CO 80202

Western Midstream Partners LP Headlines

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