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Baytex Energy (TSX:BTE) E10 : C$-1.11 (As of Dec. 2024)


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What is Baytex 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.

Baytex Energy's adjusted earnings per share data for the three months ended in Dec. 2024 was C$-0.050. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-1.11 for the trailing ten years ended in Dec. 2024.

During the past 3 years, the average E10 Growth Rate was -9.70% per year. During the past 5 years, the average E10 Growth Rate was -33.50% 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 Baytex Energy was 79.50% per year. The lowest was -110.50% per year. And the median was -3.85% per year.

As of today (2025-03-20), Baytex Energy's current stock price is C$3.15. Baytex Energy's E10 for the quarter that ended in Dec. 2024 was C$-1.11. Baytex Energy's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Baytex Energy was 369.00. The lowest was 2.65. And the median was 10.10.


Baytex Energy E10 Historical Data

The historical data trend for Baytex 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.

Baytex Energy E10 Chart

Baytex Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.86 -0.84 -1.01 -1.24 -1.11

Baytex Energy Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -1.24 -1.31 -1.34 -1.43 -1.11

Competitive Comparison of Baytex Energy's E10

For the Oil & Gas E&P subindustry, Baytex 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.


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

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

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



Baytex 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, Baytex Energy's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=-0.05/127.3637*127.3637
=-0.050

Current CPI (Dec. 2024) = 127.3637.

Baytex Energy Quarterly Data

per share eps CPI Adj_EPS
201503 -1.040 99.789 -1.327
201506 -0.130 100.500 -0.165
201509 -2.500 100.421 -3.171
201512 -2.040 99.947 -2.600
201603 0.003 101.054 0.004
201606 -0.410 102.002 -0.512
201609 -0.190 101.765 -0.238
201612 -1.690 101.449 -2.122
201703 0.050 102.634 0.062
201706 0.040 103.029 0.049
201709 -0.040 103.345 -0.049
201712 0.320 103.345 0.394
201803 -0.270 105.004 -0.327
201806 -0.250 105.557 -0.302
201809 0.070 105.636 0.084
201812 -0.417 105.399 -0.504
201903 0.020 106.979 0.024
201906 0.140 107.690 0.166
201909 0.030 107.611 0.036
201912 -0.210 107.769 -0.248
202003 -4.460 107.927 -5.263
202006 -0.250 108.401 -0.294
202009 -0.040 108.164 -0.047
202012 0.400 108.559 0.469
202103 -0.060 110.298 -0.069
202106 1.850 111.720 2.109
202109 0.060 112.905 0.068
202112 0.980 113.774 1.097
202203 0.100 117.646 0.108
202206 0.320 120.806 0.337
202209 0.470 120.648 0.496
202212 0.630 120.964 0.663
202303 0.090 122.702 0.093
202306 0.360 124.203 0.369
202309 0.150 125.230 0.153
202312 -0.920 125.072 -0.937
202403 -0.020 126.258 -0.020
202406 0.130 127.522 0.130
202409 0.230 127.285 0.230
202412 -0.050 127.364 -0.050

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


Baytex Energy  (TSX:BTE) 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.

During the past 13 years, the highest Shiller P/E Ratio of Baytex Energy was 369.00. The lowest was 2.65. And the median was 10.10.


Be Aware

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


Baytex Energy E10 Related Terms

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


Baytex Energy Business Description

Traded in Other Exchanges
Address
2800, 520 - 3rd Avenue SW, Centennial Place, East Tower, Calgary, AB, CAN, T2P 0R3
Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
Executives
Nicole Marie Frechette Senior Officer
Stephen David Lile Reynish Director
James Robert Maclean Senior Officer
Eric Thomas Greager Senior Officer
Mark Bly Director
Tiffany Thom Cepak Director
Angela S. Lekatsas Director
Brian Gordon Ector Senior Officer
Chad Lundberg Senior Officer
Kendall Douglas Arthur Senior Officer
Chadwick Kalmakoff Senior Officer
Edward David Lafehr Senior Officer
Jennifer Maki Director
Trudy Marie Curran Director
Jason Jowill Jaskela Senior Officer