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Aker BP ASA (STU:ARC) E10 : €0.70 (As of Mar. 2024)


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What is Aker BP ASA 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.

Aker BP ASA's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.773. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.70 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Aker BP ASA's average E10 Growth Rate was 76.90% per year. 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 (2024-06-19), Aker BP ASA's current stock price is €22.76. Aker BP ASA's E10 for the quarter that ended in Mar. 2024 was €0.70. Aker BP ASA's Shiller PE Ratio of today is 32.51.

During the past 13 years, the highest Shiller PE Ratio of Aker BP ASA was 1982.50. The lowest was 31.49. And the median was 58.44.


Aker BP ASA E10 Historical Data

The historical data trend for Aker BP ASA'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.

Aker BP ASA E10 Chart

Aker BP ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.28 -0.20 0.02 0.40 0.64

Aker BP ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.40 0.46 0.57 0.64 0.70

Competitive Comparison of Aker BP ASA's E10

For the Oil & Gas E&P subindustry, Aker BP ASA'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.


Aker BP ASA's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Aker BP ASA's Shiller PE Ratio falls into.



Aker BP ASA 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, Aker BP ASA's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.773/132.6000*132.6000
=0.773

Current CPI (Mar. 2024) = 132.6000.

Aker BP ASA Quarterly Data

per share eps CPI Adj_EPS
201406 0.140 97.500 0.190
201409 -0.070 98.500 -0.094
201412 -1.403 98.600 -1.887
201503 0.009 99.200 0.012
201506 0.036 100.100 0.048
201509 -0.731 100.600 -0.964
201512 -0.707 100.900 -0.929
201603 0.144 102.500 0.186
201606 0.027 103.800 0.034
201609 0.276 104.200 0.351
201612 -0.332 104.400 -0.422
201703 0.187 105.000 0.236
201706 0.160 105.800 0.201
201709 0.277 105.900 0.347
201712 0.084 106.100 0.105
201803 0.381 107.300 0.471
201806 0.308 108.500 0.376
201809 0.274 109.500 0.332
201812 0.149 109.800 0.180
201903 0.027 110.400 0.032
201906 0.150 110.600 0.180
201909 -0.109 111.100 -0.130
201912 0.279 111.300 0.332
202003 -0.842 111.200 -1.004
202006 0.417 112.100 0.493
202009 0.187 112.900 0.220
202012 0.296 112.900 0.348
202103 0.294 114.600 0.340
202106 0.357 115.300 0.411
202109 0.485 117.500 0.547
202112 0.841 118.900 0.938
202203 1.317 119.800 1.458
202206 0.539 122.600 0.583
202209 1.222 125.600 1.290
202212 -0.066 125.900 -0.070
202303 0.280 127.600 0.291
202306 0.581 130.400 0.591
202309 0.871 129.800 0.890
202312 0.238 131.900 0.239
202403 0.773 132.600 0.773

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


Aker BP ASA  (STU:ARC) 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.

Aker BP ASA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.76/0.7
=32.51

* 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 Aker BP ASA was 1982.50. The lowest was 31.49. And the median was 58.44.


Be Aware

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


Aker BP ASA E10 Related Terms

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


Aker BP ASA (STU:ARC) Business Description

Address
Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366
Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. Fields in close proximity to Alvheim are tied to Alvheim's FPSO. From the tiebacks, oil is transported from the field with shuttle tankers, and associated gas is exported to Scotland through a gas evacuation system.