Honeywell International (BSP:HONB34) E10: R$169.62 (As of Mar. 2026)


BSP:HONB34 Honeywell International Inc BSP:HONB34
68 GF Score
Price R$1,184.36
GF Value R$1,196.93
Valuation Fairly Valued
! 5 Warning Signs
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What is Honeywell International E10?

Honeywell International BSP:HONB34 -0.95% 68 E10 is R$169.62 as of Mar. 2026. GuruFocus rates BSP:HONB34 with a GF Score™ of 68/100 and a GF Value™ of R$1,196.93 (Fairly Valued). The stock has 5 warning signs investors should review.

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.

Honeywell International's adjusted earnings per share data for the three months ended in Mar. 2026 was R$13.492. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$169.62 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Honeywell International's average E10 Growth Rate was 1.50% per year. During the past 3 years, the average E10 Growth Rate was 4.50% 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 9.20% 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 Honeywell International was 46.60% per year. The lowest was 1.80% per year. And the median was 11.20% per year.

As of today (2026-07-03), Honeywell International's current stock price is R$1184.36. Honeywell International's E10 for the quarter that ended in Mar. 2026 was R$169.62. Honeywell International's Shiller PE Ratio of today is 6.98.

During the past 13 years, the highest Shiller PE Ratio of Honeywell International was 18.95. The lowest was 10.26. And the median was 13.88.


Honeywell International  (BSP:HONB34) 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.

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

Shiller PE Ratio=Share Price/E10
=1184.36/169.62
=6.98

* 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 Honeywell International was 18.95. The lowest was 10.26. And the median was 13.88.


Be Aware

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


Honeywell International E10 Related Terms


Honeywell International E10 Historical Data

* Premium members only.

The historical data trend for Honeywell International'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.

Honeywell International E10 Chart

Honeywell International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 153.12 156.97 155.37 207.77 179.40

Honeywell International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 199.14 184.15 195.78 179.40 169.62

BSP:HONB34 vs MMM, VMI, SEB: E10 Comparison

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International Shiller PE Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Shiller PE Ratio distribution charts can be found below:

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


BSP:HONB34
68GF Score
Honeywell International Inc BSP:HONB34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honeywell International 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, Honeywell International's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=13.492/330.2130*330.2130
=13.492

Current CPI (Mar. 2026) = 330.2130.

Honeywell International Quarterly Data

per share eps CPI Adj_EPS
201606 11.640 241.018 15.948
201609 10.410 241.428 14.238
201612 8.989 241.432 12.294
201703 10.696 243.801 14.487
201706 11.863 244.955 15.992
201709 10.901 246.819 14.584
201712 -20.956 246.524 -28.070
201803 12.395 249.554 16.401
201806 12.671 251.989 16.604
201809 25.556 252.439 33.430
201812 17.941 251.233 23.581
201903 14.748 254.202 19.158
201906 16.194 256.143 20.877
201909 18.373 256.759 23.629
201912 17.731 256.974 22.784
202003 21.597 258.115 27.630
202006 15.877 257.797 20.337
202009 11.556 260.280 14.661
202012 19.653 260.474 24.915
202103 22.879 264.877 28.522
202106 20.516 271.696 24.935
202109 19.004 274.310 22.877
202112 23.185 278.802 27.460
202203 16.323 287.504 18.748
202206 18.576 296.311 20.701
202209 23.911 296.808 26.602
202212 15.841 296.797 17.625
202303 21.564 301.836 23.591
202306 21.550 305.109 23.323
202309 22.422 307.789 24.056
202312 18.717 306.746 20.149
202403 22.210 312.332 23.482
202406 25.422 314.175 26.720
202409 23.923 315.301 25.054
202412 23.916 315.605 25.023
202503 25.566 319.799 26.399
202506 27.174 322.561 27.819
202509 30.676 324.800 31.187
202512 5.019 324.054 5.114
202603 13.492 330.213 13.492

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$169.62 mean?
Honeywell International (BSP:HONB34) has a E10 of R$169.62 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Honeywell International and its competitors.
Is Honeywell International's E10 too high?
Honeywell International's current E10 is R$169.62. Overall, Honeywell International has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honeywell International's E10 compare to MMM and VMI?
Honeywell International's E10 of R$169.62 can be compared against companies in the Conglomerates industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Conglomerates company?
A good E10 depends on the Conglomerates industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Honeywell International and its competitors. Honeywell International's current E10 is R$169.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honeywell International stock overvalued right now?
Based on GuruFocus' analysis, Honeywell International (BSP:HONB34) is currently considered Fairly Valued. The stock's GF Value™ is R$1,196.93, compared to a current price of R$1,184.36 — trading 1.1% below its estimated fair value. The current E10 is R$169.62. Honeywell International's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Honeywell International (BSP:HONB34), the current E10 is R$169.62 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Honeywell International (BSP:HONB34) Overvalued in 2026?

Based on GuruFocus' analysis, Honeywell International stock appears to be undervalued. The current stock price of R$1,184.36 is trading 1.1% below its estimated GF Value™ of R$1,196.93. GuruFocus considers Honeywell International to be Fairly Valued.

Key valuation signals for BSP:HONB34:

  • E10: R$169.62
  • GF Value™: R$1,196.93 vs. price of R$1,184.36 (1.1% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the BSP:HONB34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honeywell International Business Description

Address 855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies, industrial automation, energy and sustainability solutions, and building automation. Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around one third of its revenue from recurring aftermarket services.
68GF Score

Get the complete analysis for BSP:HONB34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$1,184.36
Price
R$1,196.93
GF Value