GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVR Energy Inc (STU:FL9) » Definitions » E10

CVR Energy (STU:FL9) E10 : €2.37 (As of Mar. 2024)


View and export this data going back to 2013. Start your Free Trial

What is CVR Energy 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.

CVR Energy's adjusted earnings per share data for the three months ended in Mar. 2024 was €0.745. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.37 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CVR Energy's average E10 Growth Rate was 9.70% per year. During the past 3 years, the average E10 Growth Rate was 0.80% per year. During the past 5 years, the average E10 Growth Rate was -1.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of CVR Energy was 11.20% per year. The lowest was -5.70% per year. And the median was 1.85% per year.

As of today (2024-05-26), CVR Energy's current stock price is €27.46. CVR Energy's E10 for the quarter that ended in Mar. 2024 was €2.37. CVR Energy's Shiller PE Ratio of today is 11.59.

During the past 13 years, the highest Shiller PE Ratio of CVR Energy was 21.27. The lowest was 3.50. And the median was 11.50.


CVR Energy E10 Historical Data

The historical data trend for CVR Energy'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.

CVR Energy E10 Chart

CVR Energy 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 2.48 2.04 2.02 2.19 2.41

CVR Energy 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 2.15 2.06 2.49 2.41 2.37

Competitive Comparison of CVR Energy's E10

For the Oil & Gas Refining & Marketing subindustry, CVR Energy'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.


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

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

* The bar in red indicates where CVR Energy's Shiller PE Ratio falls into.



CVR Energy 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, CVR Energy'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)
=0.745/131.7762*131.7762
=0.745

Current CPI (Mar. 2024) = 131.7762.

CVR Energy Quarterly Data

per share eps CPI Adj_EPS
201406 0.707 100.560 0.926
201409 0.070 100.428 0.092
201412 -0.414 99.070 -0.551
201503 0.582 99.621 0.770
201506 1.042 100.684 1.364
201509 0.597 100.392 0.784
201512 -0.477 99.792 -0.630
201603 -0.171 100.470 -0.224
201606 0.294 101.688 0.381
201609 0.053 101.861 0.069
201612 0.076 101.863 0.098
201703 0.243 102.862 0.311
201706 -0.107 103.349 -0.136
201709 0.218 104.136 0.276
201712 1.952 104.011 2.473
201803 0.560 105.290 0.701
201806 0.428 106.317 0.530
201809 0.728 106.507 0.901
201812 0.721 105.998 0.896
201903 0.885 107.251 1.087
201906 1.027 108.070 1.252
201909 1.071 108.329 1.303
201912 0.396 108.420 0.481
202003 -0.787 108.902 -0.952
202006 -0.044 108.767 -0.053
202009 -0.815 109.815 -0.978
202012 -0.551 109.897 -0.661
202103 -0.328 111.754 -0.387
202106 -0.050 114.631 -0.057
202109 0.706 115.734 0.804
202112 -0.124 117.630 -0.139
202203 0.844 121.301 0.917
202206 1.551 125.017 1.635
202209 0.929 125.227 0.978
202212 1.048 125.222 1.103
202303 1.812 127.348 1.875
202306 1.191 128.729 1.219
202309 3.289 129.860 3.338
202312 0.834 129.419 0.849
202403 0.745 131.776 0.745

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


CVR Energy  (STU:FL9) 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.

CVR Energy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=27.46/2.37
=11.59

* 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 CVR Energy was 21.27. The lowest was 3.50. And the median was 11.50.


Be Aware

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


CVR Energy E10 Related Terms

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


CVR Energy (STU:FL9) Business Description

Traded in Other Exchanges
Address
2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP and CVR Partners, LP. CVR Refining LP includes several complex full coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies product through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.

CVR Energy (STU:FL9) Headlines

No Headlines