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Unit Corp  (NYSE:UNT) E10: $-0.35 (As of Jun. 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.

Unit Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $0.170. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.35 for the trailing ten years ended in Jun. 2017.

As of today, Unit Corp's current stock price is $18.16. Unit Corp's E10 for the quarter that ended in Jun. 2017 was $-0.35. Unit Corp's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Unit Corp was 160.86. The lowest was 0.00. And the median was 14.49.


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.

Unit Corp 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 3.28 3.55 3.61 0.99 -0.07

Unit Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
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 0.39 0.14 -0.07 -0.20 -0.35

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, Unit Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=0.17/244.955*244.955
=0.170

Current CPI (Jun. 2017) = 244.955.

Unit Corp Quarterly Data

per share eps CPI Adj_EPS
200709 1.370 208.490 1.610
200712 1.550 210.036 1.808
200803 1.650 213.528 1.893
200806 2.000 218.815 2.239
200809 1.960 218.783 2.194
200812 -2.580 210.228 -3.006
200903 -3.140 212.709 -3.616
200906 0.680 215.693 0.772
200909 0.660 215.969 0.749
200912 0.610 215.949 0.692
201003 0.760 217.631 0.855
201006 0.680 217.965 0.764
201009 0.730 218.439 0.819
201012 0.920 219.179 1.028
201103 0.860 223.467 0.943
201106 1.040 225.722 1.129
201109 1.110 226.889 1.198
201112 1.070 225.672 1.161
201203 1.090 229.392 1.164
201206 -0.400 229.478 -0.427
201209 0.970 231.407 1.027
201212 -1.180 229.601 -1.259
201303 0.830 232.773 0.873
201306 1.220 233.504 1.280
201309 0.700 234.149 0.732
201312 1.050 233.049 1.104
201403 1.170 236.293 1.213
201406 1.110 238.343 1.141
201409 1.370 238.031 1.410
201412 -0.880 234.812 -0.918
201503 -5.070 236.119 -5.260
201506 -5.580 238.638 -5.728
201509 -4.180 237.945 -4.303
201512 -6.290 236.525 -6.514
201603 -0.830 238.132 -0.854
201606 -1.440 241.018 -1.464
201609 -0.480 241.428 -0.487
201612 0.040 241.432 0.041
201703 0.310 243.801 0.311
201706 0.170 244.955 0.170

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.

Unit Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=18.16/-0.35
=

* 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 Unit Corp was 160.86. The lowest was 0.00. And the median was 14.49.


Be Aware

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


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