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Cimarex Energy Co  (NYSE:XEC) E10: $-1.48 (As of Sep. 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.

Cimarex Energy Co's adjusted earnings per share data for the three months ended in Sep. 2017 was $0.960. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-1.48 for the trailing ten years ended in Sep. 2017.

As of today, Cimarex Energy Co's current stock price is $116.57. Cimarex Energy Co's E10 for the quarter that ended in Sep. 2017 was $-1.48. Cimarex Energy Co's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Cimarex Energy Co was 201.57. The lowest was 0.00. And the median was 40.01.


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.

Cimarex Energy Co 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 2.29 2.69 2.84 -0.53 -1.47

Cimarex Energy Co Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 -1.44 -1.47 -1.44 -1.46 -1.48

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, Cimarex Energy Co's adjusted earnings per share data for the three months ended in Sep. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2017 (Change)*Current CPI (Sep. 2017)
=0.96/246.819*246.819
=0.960

Current CPI (Sep. 2017) = 246.819.

Cimarex Energy Co Quarterly Data

per share eps CPI Adj_EPS
200712 1.530 210.036 1.798
200803 1.760 213.528 2.034
200806 2.680 218.815 3.023
200809 -2.850 218.783 -3.215
200812 -13.030 210.228 -15.298
200903 -6.050 212.709 -7.020
200906 0.460 215.693 0.526
200909 0.460 215.969 0.526
200912 1.280 215.949 1.463
201003 2.390 217.631 2.711
201006 1.460 217.965 1.653
201009 1.500 218.439 1.695
201012 1.370 219.179 1.543
201103 1.370 223.467 1.513
201106 1.940 225.722 2.121
201109 1.490 226.889 1.621
201112 1.360 225.672 1.487
201203 1.230 229.392 1.323
201206 0.740 229.478 0.796
201209 0.970 231.407 1.035
201212 1.140 229.601 1.225
201303 1.040 232.773 1.103
201306 1.490 233.504 1.575
201309 1.590 234.149 1.676
201312 2.350 233.049 2.489
201403 1.590 236.293 1.661
201406 1.700 238.343 1.760
201409 1.650 238.031 1.711
201412 1.060 234.812 1.114
201503 -4.840 236.119 -5.059
201506 -6.470 238.638 -6.692
201509 -8.210 237.945 -8.516
201512 -8.610 236.525 -8.985
201603 -2.490 238.132 -2.581
201606 -2.310 241.018 -2.366
201609 -0.120 241.428 -0.123
201612 0.520 241.432 0.532
201703 1.380 243.801 1.397
201706 1.020 244.955 1.028
201709 0.960 246.819 0.960

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.

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

Shiller PE Ratio=Share Price/E10
=116.57/-1.48
=

* 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 Cimarex Energy Co was 201.57. The lowest was 0.00. And the median was 40.01.


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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