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Honeywell International (BSP:HONB34) E10 : R$39.99 (As of Mar. 2024)


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What is Honeywell International 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.

Honeywell International's adjusted earnings per share data for the three months ended in Mar. 2024 was R$11.105. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$39.99 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Honeywell International's average E10 Growth Rate was 4.30% per year. During the past 3 years, the average E10 Growth Rate was 10.50% per year. During the past 5 years, the average E10 Growth Rate was 11.10% per year. During the past 10 years, the average E10 Growth Rate was 9.90% 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 26.90% per year. The lowest was 1.90% per year. And the median was 9.80% per year.

As of today (2024-05-16), Honeywell International's current stock price is R$1028.37. Honeywell International's E10 for the quarter that ended in Mar. 2024 was R$39.99. Honeywell International's Shiller PE Ratio of today is 25.72.

During the past 13 years, the highest Shiller PE Ratio of Honeywell International was 38.24. The lowest was 20.72. And the median was 27.79.


Honeywell International E10 Historical Data

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.

* Premium members only.

Honeywell International E10 Chart

Honeywell International 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 21.98 30.09 37.96 38.88 38.46

Honeywell International 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 38.91 37.34 40.51 38.46 39.99

Competitive Comparison of Honeywell International's E10

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's Shiller PE Ratio Distribution in the 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.



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. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.105/131.7762*131.7762
=11.105

Current CPI (Mar. 2024) = 131.7762.

Honeywell International Quarterly Data

per share eps CPI Adj_EPS
201406 3.086 100.560 4.044
201409 3.437 100.428 4.510
201412 3.170 99.070 4.217
201503 4.429 99.621 5.859
201506 4.699 100.684 6.150
201509 6.245 100.392 8.197
201512 5.938 99.792 7.841
201603 5.769 100.470 7.567
201606 5.820 101.688 7.542
201609 5.205 101.861 6.734
201612 4.494 101.863 5.814
201703 5.348 102.862 6.851
201706 5.932 103.349 7.564
201709 5.451 104.136 6.898
201712 -10.478 104.011 -13.275
201803 6.197 105.290 7.756
201806 6.335 106.317 7.852
201809 12.778 106.507 15.810
201812 8.971 105.998 11.153
201903 7.374 107.251 9.060
201906 8.097 108.070 9.873
201909 9.186 108.329 11.174
201912 8.866 108.420 10.776
202003 10.799 108.902 13.067
202006 7.938 108.767 9.617
202009 5.778 109.815 6.934
202012 9.826 109.897 11.782
202103 11.439 111.754 13.488
202106 10.258 114.631 11.792
202109 9.502 115.734 10.819
202112 11.593 117.630 12.987
202203 8.161 121.301 8.866
202206 9.288 125.017 9.790
202209 11.955 125.227 12.580
202212 7.921 125.222 8.336
202303 10.782 127.348 11.157
202306 10.775 128.729 11.030
202309 11.211 129.860 11.376
202312 9.359 129.419 9.529
202403 11.105 131.776 11.105

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


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
=1028.37/39.99
=25.72

* 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 38.24. The lowest was 20.72. And the median was 27.79.


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

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


Honeywell International (BSP:HONB34) 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. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spinoffs of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.

Honeywell International (BSP:HONB34) Headlines

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