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Phillips 66 E10

: $7.36 (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.

Phillips 66's adjusted earnings per share data for the fiscal year that ended in Dec. 2019 was $6.770. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $7.36 for the trailing ten years ended in Dec. 2019.

As of today (2020-07-12), Phillips 66's current stock price is $ 61.06. Phillips 66's E10 for the fiscal year that ended in Dec. 2019 was $. Phillips 66's Shiller PE Ratio of today is 8.30.

During the past 11 years, the highest Shiller PE Ratio of Phillips 66 was 15.43. The lowest was 10.17. And the median was 14.04.


Phillips 66 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.

Phillips 66 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 0.00 0.00 0.00 6.60 7.36

Phillips 66 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 0.00 0.00 0.00 7.36 0.00

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.


Phillips 66 E10 Distribution

* The bar in red indicates where Phillips 66's E10 falls into.



Phillips 66 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, Phillips 66's adjusted earnings per share data for the fiscal year that ended in Dec. 2019 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=6.77/108.8407*108.8407
=6.770

Current CPI (Dec. 2019) = 108.8407.

Phillips 66 Annual Data

per_share_eps CPI Adj_EPS
201012 1.148 92.914 1.345
201112 7.461 95.632 8.491
201212 6.480 97.158 7.259
201312 6.020 98.692 6.639
201412 8.330 98.604 9.195
201512 7.730 99.957 8.417
201612 2.920 102.456 3.102
201712 9.850 104.578 10.252
201812 11.800 106.200 12.093
201912 6.770 108.841 6.770

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


Phillips 66  (NYSE:PSX) 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.

Phillips 66's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=61.06/7.36
=8.30

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 11 years, the highest Shiller P/E Ratio of Phillips 66 was 15.43. The lowest was 10.17. And the median was 14.04.


Be Aware

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


Phillips 66 E10 Related Terms


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