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Par Pacific Holdings (FRA:61P) E10 : €0.67 (As of Mar. 2024)


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What is Par Pacific Holdings 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.

Par Pacific Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.055. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.67 for the trailing ten years ended in Mar. 2024.

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 Par Pacific Holdings was 69.20% per year. The lowest was -74.70% per year. And the median was 3.65% per year.

As of today (2024-06-10), Par Pacific Holdings's current stock price is €22.80. Par Pacific Holdings's E10 for the quarter that ended in Mar. 2024 was €0.67. Par Pacific Holdings's Shiller PE Ratio of today is 34.03.

During the past 13 years, the highest Shiller PE Ratio of Par Pacific Holdings was 1818.50. The lowest was 34.07. And the median was 55.38.


Par Pacific Holdings E10 Historical Data

The historical data trend for Par Pacific Holdings'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.

Par Pacific Holdings E10 Chart

Par Pacific Holdings 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 -27.78 -16.42 -17.35 -0.83 0.61

Par Pacific Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -0.43 -0.33 0.02 0.61 0.67

Competitive Comparison of Par Pacific Holdings's E10

For the Oil & Gas Refining & Marketing subindustry, Par Pacific Holdings'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.


Par Pacific Holdings's Shiller PE Ratio Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Par Pacific Holdings's Shiller PE Ratio falls into.



Par Pacific Holdings 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, Par Pacific Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-0.055/131.7762*131.7762
=-0.055

Current CPI (Mar. 2024) = 131.7762.

Par Pacific Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 -0.591 100.560 -0.774
201409 -0.915 100.428 -1.201
201412 0.850 99.070 1.131
201503 0.009 99.621 0.012
201506 0.274 100.684 0.359
201509 0.347 100.392 0.455
201512 -1.565 99.792 -2.067
201603 -0.413 100.470 -0.542
201606 -0.285 101.688 -0.369
201609 -0.597 101.861 -0.772
201612 0.284 101.863 0.367
201703 0.542 102.862 0.694
201706 0.134 103.349 0.171
201709 0.344 104.136 0.435
201712 0.346 104.011 0.438
201803 0.268 105.290 0.335
201806 0.300 106.317 0.372
201809 -0.111 106.507 -0.137
201812 0.264 105.998 0.328
201903 1.009 107.251 1.240
201906 0.496 108.070 0.605
201909 -1.498 108.329 -1.822
201912 0.612 108.420 0.744
202003 -3.783 108.902 -4.578
202006 -0.675 108.767 -0.818
202009 -0.229 109.815 -0.275
202012 -2.030 109.897 -2.434
202103 -0.966 111.754 -1.139
202106 -1.527 114.631 -1.755
202109 1.165 115.734 1.326
202112 0.124 117.630 0.139
202203 -2.097 121.301 -2.278
202206 2.365 125.017 2.493
202209 4.515 125.227 4.751
202212 1.322 125.222 1.391
202303 3.643 127.348 3.770
202306 0.452 128.729 0.463
202309 2.614 129.860 2.653
202312 4.374 129.419 4.454
202403 -0.055 131.776 -0.055

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


Par Pacific Holdings  (FRA:61P) 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.

Par Pacific Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=22.80/0.67
=34.03

* 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 Par Pacific Holdings was 1818.50. The lowest was 34.07. And the median was 55.38.


Be Aware

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


Par Pacific Holdings E10 Related Terms

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


Par Pacific Holdings (FRA:61P) Business Description

Traded in Other Exchanges
Address
825 Town & Country Lane, Suite 1500, Houston, TX, USA, 77024
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

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