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Chevron (XBUL:CHV) E10 : лв6.04 (As of Sep. 2024)


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What is Chevron 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.

Chevron's adjusted earnings per share data for the three months ended in Sep. 2024 was лв4.616. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв6.04 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Chevron's average E10 Growth Rate was -5.00% per year. During the past 3 years, the average E10 Growth Rate was 0.50% per year. During the past 5 years, the average E10 Growth Rate was -6.10% per year. During the past 10 years, the average E10 Growth Rate was -5.70% 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 Chevron was 22.30% per year. The lowest was -11.10% per year. And the median was 9.00% per year.

As of today (2024-12-14), Chevron's current stock price is лв146.88. Chevron's E10 for the quarter that ended in Sep. 2024 was лв6.04. Chevron's Shiller PE Ratio of today is 24.32.

During the past 13 years, the highest Shiller PE Ratio of Chevron was 27.05. The lowest was 6.64. And the median was 12.71.


Chevron E10 Historical Data

The historical data trend for Chevron'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.

Chevron E10 Chart

Chevron 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 - - - - -

Chevron Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - 6.42 6.04

Competitive Comparison of Chevron's E10

For the Oil & Gas Integrated subindustry, Chevron'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.


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

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

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



Chevron 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, Chevron's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=4.616/133.0289*133.0289
=4.616

Current CPI (Sep. 2024) = 133.0289.

Chevron Quarterly Data

per share eps CPI Adj_EPS
201412 3.443 99.070 4.623
201503 2.550 99.621 3.405
201506 0.558 100.684 0.737
201509 2.029 100.392 2.689
201512 -0.577 99.792 -0.769
201603 -0.726 100.470 -0.961
201606 -1.452 101.688 -1.900
201609 1.266 101.861 1.653
201612 0.409 101.863 0.534
201703 2.624 102.862 3.394
201706 1.433 103.349 1.845
201709 1.917 104.136 2.449
201712 3.053 104.011 3.905
201803 3.537 105.290 4.469
201806 3.313 106.317 4.145
201809 3.927 106.507 4.905
201812 3.630 105.998 4.556
201903 2.587 107.251 3.209
201906 4.225 108.070 5.201
201909 2.531 108.329 3.108
201912 -6.533 108.420 -8.016
202003 3.592 108.902 4.388
202006 -8.264 108.767 -10.107
202009 -0.223 109.815 -0.270
202012 -0.614 109.897 -0.743
202103 1.340 111.754 1.595
202106 2.978 114.631 3.456
202109 5.938 115.734 6.825
202112 4.895 117.630 5.536
202203 5.994 121.301 6.574
202206 11.075 125.017 11.785
202209 10.759 125.227 11.429
202212 6.198 125.222 6.584
202303 6.440 127.348 6.727
202306 5.956 128.729 6.155
202309 6.477 129.860 6.635
202312 2.271 129.419 2.334
202403 5.528 131.776 5.581
202406 4.523 132.554 4.539
202409 4.616 133.029 4.616

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


Chevron  (XBUL:CHV) 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.

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

Shiller PE Ratio=Share Price/E10
=146.88/6.04
=24.32

* 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 Chevron was 27.05. The lowest was 6.64. And the median was 12.71.


Be Aware

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


Chevron E10 Related Terms

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


Chevron Business Description

Address
6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.

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