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YPF (BUE:YPFD) E10 : ARS75.83 (As of Mar. 2024)


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What is YPF 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.

YPF's adjusted earnings per share data for the three months ended in Mar. 2024 was ARS1,398.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS75.83 for the trailing ten years ended in Mar. 2024.

During the past 12 months, YPF's average E10 Growth Rate was 0.30% per year. During the past 3 years, the average E10 Growth Rate was -68.20% 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 YPF was 110.40% per year. The lowest was -68.20% per year. And the median was 7.65% per year.

As of today (2024-05-23), YPF's current stock price is ARS27408.20. YPF's E10 for the quarter that ended in Mar. 2024 was ARS75.83. YPF's Shiller PE Ratio of today is 361.44.

During the past 13 years, the highest Shiller PE Ratio of YPF was 361.47. The lowest was 9.09. And the median was 52.80.


YPF E10 Historical Data

The historical data trend for YPF'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.

YPF E10 Chart

YPF 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 6.21 -13.02 -10.65 57.85 -61.95

YPF 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 75.62 93.91 77.48 -61.95 75.83

Competitive Comparison of YPF's E10

For the Oil & Gas Integrated subindustry, YPF'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.


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

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

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



YPF 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, YPF'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)
=1398.55/131.7762*131.7762
=1,398.550

Current CPI (Mar. 2024) = 131.7762.

YPF Quarterly Data

per share eps CPI Adj_EPS
201406 3.883 100.560 5.088
201409 8.127 100.428 10.664
201412 3.554 99.070 4.727
201503 5.421 99.621 7.171
201506 5.857 100.684 7.666
201509 4.707 100.392 6.179
201512 -4.317 99.792 -5.701
201603 2.539 100.470 3.330
201606 -1.766 101.688 -2.289
201609 -74.921 101.861 -96.924
201612 4.295 101.863 5.556
201703 0.060 102.862 0.077
201706 0.540 103.349 0.689
201709 0.238 104.136 0.301
201712 30.380 104.011 38.490
201803 15.433 105.290 19.315
201806 4.385 106.317 5.435
201809 29.900 106.507 36.994
201812 44.387 105.998 55.182
201903 -18.812 107.251 -23.114
201906 -7.216 108.070 -8.799
201909 -31.704 108.329 -38.566
201912 -26.646 108.420 -32.386
202003 15.261 108.902 18.467
202006 -209.856 108.767 -254.249
202009 -88.055 109.815 -105.665
202012 109.004 109.897 130.706
202103 -5.154 111.754 -6.077
202106 -113.609 114.631 -130.601
202109 56.838 115.734 64.716
202112 110.843 117.630 124.174
202203 65.540 121.301 71.200
202206 227.912 125.017 240.235
202209 220.824 125.227 232.374
202212 188.003 125.222 197.844
202303 171.869 127.348 177.846
202306 176.417 128.729 180.593
202309 -167.837 129.860 -170.314
202312 -1,385.402 129.419 -1,410.631
202403 1,398.550 131.776 1,398.550

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


YPF  (BUE:YPFD) 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.

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

Shiller PE Ratio=Share Price/E10
=27408.20/75.83
=361.44

* 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 YPF was 361.47. The lowest was 9.09. And the median was 52.80.


Be Aware

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


YPF E10 Related Terms

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


YPF (BUE:YPFD) Business Description

Traded in Other Exchanges
Address
Macacha Guemes 515, Buenos Aires, ARG, C1106BKK
YPF SA is an Argentina-based integrated oil and gas company. It is engaged in operating a fully integrated oil and gas chain across the domestic upstream, downstream, and gas and power segments. The company's upstream operations consist of the exploration, development, and production of crude oil, natural gas, and LPG. Its downstream operations include the refining, marketing, transportation, and distribution of oil and a wide range of petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels. The company generates maximum revenue from the downstream segment.

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