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White Mountains Insurance Group (BDA:WTM.BH) E10 : $68.14 (As of Mar. 2024)


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What is White Mountains Insurance Group 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.

White Mountains Insurance Group's adjusted earnings per share data for the three months ended in Mar. 2024 was $92.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $68.14 for the trailing ten years ended in Mar. 2024.

During the past 12 months, White Mountains Insurance Group's average E10 Growth Rate was 16.30% per year. During the past 3 years, the average E10 Growth Rate was 10.30% per year. During the past 5 years, the average E10 Growth Rate was 14.60% per year. During the past 10 years, the average E10 Growth Rate was 12.20% 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 White Mountains Insurance Group was 108.90% per year. The lowest was -39.90% per year. And the median was 10.80% per year.

As of today (2024-05-16), White Mountains Insurance Group's current stock price is $976.65. White Mountains Insurance Group's E10 for the quarter that ended in Mar. 2024 was $68.14. White Mountains Insurance Group's Shiller PE Ratio of today is 14.33.

During the past 13 years, the highest Shiller PE Ratio of White Mountains Insurance Group was 21.89. The lowest was 10.78. And the median was 15.58.


White Mountains Insurance Group E10 Historical Data

The historical data trend for White Mountains Insurance Group'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.

White Mountains Insurance Group E10 Chart

White Mountains Insurance Group 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 - - 70.16 70.02 76.54

White Mountains Insurance Group 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 76.30 76.64 71.60 76.54 68.14

Competitive Comparison of White Mountains Insurance Group's E10

For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group'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.


White Mountains Insurance Group's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where White Mountains Insurance Group's Shiller PE Ratio falls into.



White Mountains Insurance Group 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, White Mountains Insurance Group'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)
=92.33/131.7762*131.7762
=92.330

Current CPI (Mar. 2024) = 131.7762.

White Mountains Insurance Group Quarterly Data

per share eps CPI Adj_EPS
201406 15.510 100.560 20.325
201409 8.420 100.428 11.048
201412 11.680 99.070 15.536
201503 14.090 99.621 18.638
201506 0.720 100.684 0.942
201509 -10.010 100.392 -13.139
201512 47.250 99.792 62.394
201603 2.340 100.470 3.069
201606 66.790 101.688 86.552
201609 18.610 101.861 24.076
201612 -7.300 101.863 -9.444
201703 6.340 102.862 8.122
201706 2.970 103.349 3.787
201709 130.810 104.136 165.531
201712 6.000 104.011 7.602
201803 -12.820 105.290 -16.045
201806 1.020 106.317 1.264
201809 12.830 106.507 15.874
201812 -43.240 105.998 -53.756
201903 89.640 107.251 110.139
201906 6.440 108.070 7.853
201909 15.290 108.329 18.599
201912 19.120 108.420 23.239
202003 -40.540 108.902 -49.055
202006 37.140 108.767 44.997
202009 75.320 109.815 90.383
202012 157.700 109.897 189.097
202103 -24.300 111.754 -28.654
202106 44.560 114.631 51.225
202109 -120.180 115.734 -136.838
202112 10.870 117.630 12.177
202203 11.100 121.301 12.059
202206 -56.800 125.017 -59.871
202209 306.930 125.227 322.983
202212 15.690 125.222 16.511
202303 69.830 127.348 72.258
202306 7.650 128.729 7.831
202309 9.190 129.860 9.326
202312 111.870 129.419 113.907
202403 92.330 131.776 92.330

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


White Mountains Insurance Group  (BDA:WTM.BH) 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.

White Mountains Insurance Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=976.65/68.14
=14.33

* 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 White Mountains Insurance Group was 21.89. The lowest was 10.78. And the median was 15.58.


Be Aware

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


White Mountains Insurance Group E10 Related Terms

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


White Mountains Insurance Group (BDA:WTM.BH) Business Description

Traded in Other Exchanges
Address
23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in four areas: municipal bond insurance, property and casualty insurance and reinsurance, capital solutions for asset and wealth management firms and other operations. White Mountains's municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd.

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