Switch to:
Pampa Energia SA  (NYSE:PAM) E10: $0.53 (As of Sep. 2017)

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.

Pampa Energia SA's adjusted earnings per share data for the three months ended in Sep. 2017 was $1.045. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.53 for the trailing ten years ended in Sep. 2017.

As of today, Pampa Energia SA's current stock price is $64.84. Pampa Energia SA's E10 for the quarter that ended in Sep. 2017 was $0.53. Pampa Energia SA's Shiller PE Ratio of today is 122.34.

During the past 13 years, the highest Shiller PE Ratio of Pampa Energia SA was 129.09. The lowest was 41.25. And the median was 107.55.


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.

Pampa Energia SA Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.36

Pampa Energia SA Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 0.30 0.36 0.53 0.50 0.53

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.


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, Pampa Energia SA's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=1.04463018451/246.819*246.819
=1.045

Current CPI (Sep. 2017) = 246.819.

Pampa Energia SA Quarterly Data

per share eps CPI Adj_EPS
200712 0.354 210.036 0.416
200803 0.247 213.528 0.286
200806 0.048 218.815 0.054
200809 -0.048 218.783 -0.054
200812 0.313 210.228 0.367
200903 0.288 212.709 0.334
200906 0.664 215.693 0.759
200909 0.253 215.969 0.289
200912 -0.245 215.949 -0.280
201003 0.023 217.631 0.026
201006 -0.422 217.965 -0.478
201009 0.001 218.439 0.001
201012 0.169 219.179 0.191
201103 1.009 223.467 1.114
201106 -0.544 225.722 -0.595
201109 -0.397 226.889 -0.432
201112 -3.474 225.672 -3.799
201203 -0.205 229.392 -0.221
201206 -0.423 229.478 -0.455
201209 -0.946 231.407 -1.009
201212 -1.037 229.601 -1.115
201303 -1.446 232.773 -1.533
201306 3.326 233.504 3.515
201309 -0.533 234.149 -0.561
201312 -0.039 233.049 -0.041
201403 -0.936 236.293 -0.977
201406 0.725 238.343 0.751
201409 0.216 238.031 0.224
201412 1.452 234.812 1.526
201503 1.646 236.119 1.721
201506 0.128 238.638 0.132
201509 0.068 237.945 0.070
201512 2.922 236.525 3.049
201603 0.613 238.132 0.636
201606 -0.706 241.018 -0.723
201609 -0.921 241.428 -0.942
201612 0.913 241.432 0.934
201703 1.549 243.801 1.568
201706 -0.074 244.955 -0.075
201709 1.045 246.819 1.045

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

Pampa Energia SA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=64.84/0.53
=122.34

* 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 Pampa Energia SA was 129.09. The lowest was 41.25. And the median was 107.55.


Be Aware

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


Related Terms


Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK