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VNOM (Viper Energy) E10 : $1.08 (As of Dec. 2024)


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What is Viper 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.

Viper Energy's adjusted earnings per share data for the three months ended in Dec. 2024 was $2.040. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.08 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Viper Energy's average E10 Growth Rate was 45.90% 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 (2025-03-13), Viper Energy's current stock price is $41.34. Viper Energy's E10 for the quarter that ended in Dec. 2024 was $1.08. Viper Energy's Shiller PE Ratio of today is 38.28.

During the past 12 years, the highest Shiller PE Ratio of Viper Energy was 63.54. The lowest was 38.08. And the median was 47.59.


Viper Energy E10 Historical Data

The historical data trend for Viper 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.

Viper Energy E10 Chart

Viper 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 - - - 0.74 1.08

Viper 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 0.74 0.79 0.86 0.89 1.08

Competitive Comparison of Viper Energy's E10

For the Oil & Gas Midstream subindustry, Viper 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.


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

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

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



Viper 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, Viper 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)
=2.04/133.1571*133.1571
=2.040

Current CPI (Dec. 2024) = 133.1571.

Viper Energy Quarterly Data

per share eps CPI Adj_EPS
201503 0.060 99.621 0.080
201506 0.100 100.684 0.132
201509 0.080 100.392 0.106
201512 0.060 99.792 0.080
201603 -0.290 100.470 -0.384
201606 -0.180 101.688 -0.236
201609 0.120 101.861 0.157
201612 0.190 101.863 0.248
201703 0.220 102.862 0.285
201706 0.230 103.349 0.296
201709 0.240 104.136 0.307
201712 0.370 104.011 0.474
201803 0.380 105.290 0.481
201806 1.350 106.317 1.691
201809 0.050 106.507 0.063
201812 -0.010 105.998 -0.013
201903 0.610 107.251 0.757
201906 0.040 108.070 0.049
201909 0.130 108.329 0.160
201912 0.030 108.420 0.037
202003 -2.100 108.902 -2.568
202006 -0.320 108.767 -0.392
202009 -0.010 109.815 -0.012
202012 -0.410 109.897 -0.497
202103 -0.050 111.754 -0.060
202106 0.070 114.631 0.081
202109 0.260 115.734 0.299
202112 0.500 117.630 0.566
202203 0.220 121.301 0.242
202206 0.440 125.017 0.469
202209 1.060 125.227 1.127
202212 0.290 125.222 0.308
202303 0.470 127.348 0.491
202306 0.420 128.729 0.434
202309 1.110 129.860 1.138
202312 0.700 129.419 0.720
202403 0.490 131.776 0.495
202406 0.620 132.554 0.623
202409 0.520 133.029 0.521
202412 2.040 133.157 2.040

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


Viper Energy  (NAS:VNOM) 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.

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

Shiller PE Ratio=Share Price/E10
=41.34/1.08
=38.28

* 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 12 years, the highest Shiller P/E Ratio of Viper Energy was 63.54. The lowest was 38.08. And the median was 47.59.


Be Aware

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


Viper Energy E10 Related Terms

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


Viper Energy Business Description

Traded in Other Exchanges
Address
500 West Texas, Suite 100, Midland, TX, USA, 79701
Viper Energy Inc is focused on owning and acquiring mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. The Permian Basin is known to have a number of zones of oil and natural gas-bearing rock throughout.
Executives
Diamondback Energy, Inc. 10 percent owner, other: Director by deputization 500 WEST TEXAS, SUITE 1200, MIDLAND TX 79701
Blackstone Holdings Iii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bx Swt Ml Holdco Llc 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Laurie H Argo director 1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Frank C. Hu director 625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222
Armour Spencer D Iii director 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701
Bx Guidon Topco Llc 10 percent owner C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
Matt Zmigrosky officer: Exec. VP and General Counsel 500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701
Blackstone Management Associates Vi L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVENUE, NEW YORK NY 10154
Bx Swallowtail Royalties Holding Llc 10 percent owner C/O THE BLACKSTONE GROUP INC., NEW YORK NY 10154
Blackstone Ema Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Guidon Energy Holdings Gp Llc 10 percent owner C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
Guidon Energy Holdings Lp 10 percent owner C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154
Swallowtail Royalties Holdings Llc 10 percent owner 545 E. JOHN CARPENTER FWY., STE. 1300, IRVING TX 75062