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CNOOC (CEO) E10 : $0.00 (As of Mar. 2024)


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What is CNOOC E10?

Note: As E10 is a main component used to calculate Shiller PE Ratio. If the month end stock price for this stock is zero, result may not be accurate due to the exchange rate between different shares and the data will not be stored into our database. Selected historical data showed in the calculation sectione below is only for demostration purpose.

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.

CNOOC's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CNOOC's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 9.70% per year. During the past 5 years, the average E10 Growth Rate was 7.50% per year. During the past 10 years, the average E10 Growth Rate was 7.00% 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 CNOOC was 19.50% per year. The lowest was 3.80% per year. And the median was 7.30% per year.

As of today (2024-05-05), CNOOC's current stock price is $121.76. CNOOC's E10 for the quarter that ended in Mar. 2024 was $0.00. CNOOC's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of CNOOC was 7.42. The lowest was 3.65. And the median was 4.52.


CNOOC E10 Historical Data

The historical data trend for CNOOC'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.

CNOOC E10 Chart

CNOOC 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 18.52 16.63 - - -

CNOOC Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 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 - - - - -

Competitive Comparison of CNOOC's E10

For the Oil & Gas E&P subindustry, CNOOC'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.


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

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

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



CNOOC 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, CNOOC'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)
=0/117.7354*117.7354
=0.000

Current CPI (Mar. 2024) = 117.7354.

CNOOC Quarterly Data

per share eps CPI Adj_EPS
200812 5.544 79.590 8.201
200906 4.098 79.260 6.087
200909 0.000 78.490 0.000
200912 5.566 80.799 8.110
201006 8.506 81.568 12.278
201009 0.000 80.029 0.000
201012 9.474 83.217 13.404
201106 13.592 86.185 18.568
201112 10.869 87.944 14.551
201206 11.158 89.373 14.699
201212 11.391 91.132 14.716
201306 12.553 93.001 15.892
201312 8.067 95.090 9.988
201406 12.037 96.409 14.700
201412 9.695 99.707 11.448
201506 5.318 99.267 6.307
201512 1.861 102.015 2.148
201606 -2.580 101.686 -2.987
201612 2.601 103.225 2.967
201706 5.289 103.664 6.007
201712 2.882 104.984 3.232
201806 8.817 106.193 9.775
201812 8.862 107.622 9.695
201906 9.858 109.601 10.590
201912 9.838 110.700 10.463
202006 3.248 110.590 3.458
202012 5.046 109.711 5.415
202103 0.000 111.579 0.000
202106 0.000 111.360 0.000
202109 0.000 109.051 0.000
202112 0.000 112.349 0.000
202203 0.000 113.558 0.000
202206 0.000 113.448 0.000
202209 0.000 113.778 0.000
202212 0.000 114.548 0.000
202303 0.000 115.427 0.000
202306 0.000 115.647 0.000
202309 0.000 116.087 0.000
202312 0.000 117.296 0.000
202403 0.000 117.735 0.000

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


CNOOC  (NYSE:CEO) 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.

During the past 13 years, the highest Shiller P/E Ratio of CNOOC was 7.42. The lowest was 3.65. And the median was 4.52.


Be Aware

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


CNOOC E10 Related Terms

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


CNOOC (CEO) Business Description

Traded in Other Exchanges
Address
1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.