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Enbridge (XBUL:EN3) E10 : лв1.35 (As of Sep. 2024)


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What is Enbridge 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.

Enbridge's adjusted earnings per share data for the three months ended in Sep. 2024 was лв0.813. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is лв1.35 for the trailing ten years ended in Sep. 2024.

During the past 12 months, Enbridge's average E10 Growth Rate was 11.20% per year. During the past 3 years, the average E10 Growth Rate was 12.90% per year. During the past 5 years, the average E10 Growth Rate was 8.40% per year. During the past 10 years, the average E10 Growth Rate was 4.60% 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 Enbridge was 31.90% per year. The lowest was 0.20% per year. And the median was 10.35% per year.

As of today (2024-12-11), Enbridge's current stock price is лв35.435. Enbridge's E10 for the quarter that ended in Sep. 2024 was лв1.35. Enbridge's Shiller PE Ratio of today is 26.25.

During the past 13 years, the highest Shiller PE Ratio of Enbridge was 54.13. The lowest was 23.02. And the median was 33.34.


Enbridge E10 Historical Data

The historical data trend for Enbridge'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.

Enbridge E10 Chart

Enbridge 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 - - - - -

Enbridge 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 - - - 1.37 1.35

Competitive Comparison of Enbridge's E10

For the Oil & Gas Midstream subindustry, Enbridge'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.


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

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

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



Enbridge 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, Enbridge'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)
=0.813/127.2847*127.2847
=0.813

Current CPI (Sep. 2024) = 127.2847.

Enbridge Quarterly Data

per share eps CPI Adj_EPS
201412 0.162 98.367 0.210
201503 -0.680 99.789 -0.867
201506 1.011 100.500 1.280
201509 -1.013 100.421 -1.284
201512 0.599 99.947 0.763
201603 1.947 101.054 2.452
201606 0.478 102.002 0.596
201609 -0.157 101.765 -0.196
201612 0.546 101.449 0.685
201703 0.753 102.634 0.934
201706 0.786 103.029 0.971
201709 0.714 103.345 0.879
201712 0.132 103.345 0.163
201803 0.375 105.004 0.455
201806 0.896 105.557 1.080
201809 -0.072 105.636 -0.087
201812 0.861 105.399 1.040
201903 1.312 106.979 1.561
201906 1.208 107.690 1.428
201909 0.662 107.611 0.783
201912 0.510 107.769 0.602
202003 -0.949 107.927 -1.119
202006 1.129 108.401 1.326
202009 0.691 108.164 0.813
202012 1.282 108.559 1.503
202103 1.395 110.298 1.610
202106 1.054 111.720 1.201
202109 0.501 112.905 0.565
202112 1.312 113.774 1.468
202203 1.400 117.646 1.515
202206 0.321 120.806 0.338
202209 0.881 120.648 0.929
202212 -0.714 120.964 -0.751
202303 1.159 122.702 1.202
202306 1.278 124.203 1.310
202309 0.359 125.230 0.365
202312 1.140 125.072 1.160
202403 0.924 126.258 0.932
202406 1.171 127.522 1.169
202409 0.813 127.285 0.813

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


Enbridge  (XBUL:EN3) 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.

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

Shiller PE Ratio=Share Price/E10
=35.435/1.35
=26.25

* 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 Enbridge was 54.13. The lowest was 23.02. And the median was 33.34.


Be Aware

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


Enbridge E10 Related Terms

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


Enbridge Business Description

Address
425 - 1st Street South West, Suite 200, Calgary, AB, CAN, T2P 3L8
Enbridge owns extensive midstream assets that transport hydrocarbons across the us and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

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