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Oil Search (Oil Search) E10 : $0.62 (As of Jun. 2021)


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What is Oil Search E10?

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.

Oil Search's adjusted earnings per share data for the fiscal year that ended in Dec. 2020 was $-0.831. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.62 for the trailing ten years ended in Dec. 2020.

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.

As of today (2024-05-06), Oil Search's current stock price is $ 14.13. Oil Search's E10 for the fiscal year that ended in Dec. 2020 was $0.62. Oil Search's Shiller PE Ratio of today is 22.79.

During the past 13 years, the highest Shiller PE Ratio of Oil Search was 52.82. The lowest was 9.67. And the median was 38.63.


Oil Search E10 Historical Data

The historical data trend for Oil Search'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.

Oil Search E10 Chart

Oil Search Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.72 0.77 0.73 0.78 0.62

Oil Search Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21
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 - 0.78 - 0.62 -

Competitive Comparison of Oil Search's E10

For the Oil & Gas E&P subindustry, Oil Search'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.


Oil Search's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Oil Search's Shiller PE Ratio falls into.



Oil Search 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, Oil Search's adjusted earnings per share data for the fiscal year that ended in Dec. 2020 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2020 (Change)*Current CPI (Dec. 2020)
=-0.831/109.8968*109.8968
=-0.831

Current CPI (Dec. 2020) = 109.8968.

Oil Search Annual Data

per_share_eps CPI Adj_EPS
201112 0.748 95.213 0.863
201212 0.645 96.871 0.732
201312 0.749 98.326 0.837
201412 1.164 99.070 1.291
201512 -0.127 99.792 -0.140
201612 0.288 101.863 0.311
201712 0.968 104.011 1.023
201812 1.093 105.998 1.133
201912 0.999 108.420 1.013
202012 -0.831 109.897 -0.831

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


Oil Search  (OTCPK:OISHY) 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.

Oil Search's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.13/0.62
=22.79

* 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 Oil Search was 52.82. The lowest was 9.67. And the median was 38.63.


Be Aware

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


Oil Search E10 Related Terms

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


Oil Search (Oil Search) Business Description

Traded in Other Exchanges
N/A
Address
Ground Floor, Harbourside East Building, Stanley Esplanade, PO Box 842, National Capital District, Port Moresby, PNG, NCD 121
Oil Search was founded in 1929 and operates all of Papua New Guinea's oilfields. The PNG government holds a 10% interest. Oil Search had successfully run PNG oilfields since assuming operatorship from ExxonMobil in 2003. However, the tyranny of distance saw the large and high-quality gas fields largely stranded until 2014. The PNG LNG project is the first step to monetise those vast gas resources, again under the direction of ExxonMobil. First-stage construction is complete, with potential for expansion from two trains to five.

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