HA Sustainable Infrastructure Capital (FRA:6HA) E10: €0.96 (As of Mar. 2026)


FRA:6HA HA Sustainable Infrastructure Capital Inc FRA:6HA
76 GF Score
Price €34.10
GF Value €19.28
Valuation Significantly Overvalued
! 9 Warning Signs
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What is HA Sustainable Infrastructure Capital E10?

HA Sustainable Infrastructure Capital FRA:6HA -0.06% 76 E10 is €0.96 as of Mar. 2026. GuruFocus rates FRA:6HA with a GF Score™ of 76/100 and a GF Value™ of €19.28 (Significantly Overvalued). The stock has 9 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.

HA Sustainable Infrastructure Capital's adjusted earnings per share data for the three months ended in Mar. 2026 was €-0.493. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, HA Sustainable Infrastructure Capital's average E10 Growth Rate was 3.70% per year. During the past 3 years, the average E10 Growth Rate was 21.00% 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 HA Sustainable Infrastructure Capital was 21.00% per year. The lowest was 18.20% per year. And the median was 19.60% per year.

As of today (2026-06-28), HA Sustainable Infrastructure Capital's current stock price is €34.10. HA Sustainable Infrastructure Capital's E10 for the quarter that ended in Mar. 2026 was €0.96. HA Sustainable Infrastructure Capital's Shiller PE Ratio of today is 35.52.

During the past 13 years, the highest Shiller PE Ratio of HA Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 32.43.


HA Sustainable Infrastructure Capital  (FRA:6HA) 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.

HA Sustainable Infrastructure Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=34.10/0.96
=35.52

* 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 HA Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 32.43.


Be Aware

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


HA Sustainable Infrastructure Capital E10 Related Terms


HA Sustainable Infrastructure Capital E10 Historical Data

* Premium members only.

The historical data trend for HA Sustainable Infrastructure Capital'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.

HA Sustainable Infrastructure Capital E10 Chart

HA Sustainable Infrastructure Capital 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 0.55 0.63 0.84 0.99 1.01

HA Sustainable Infrastructure Capital 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 1.00 1.02 1.04 1.01 0.96

FRA:6HA vs VCTR, MAAS, OTF: E10 Comparison

For the Asset Management subindustry, HA Sustainable Infrastructure Capital'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.


HA Sustainable Infrastructure Capital Shiller PE Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, HA Sustainable Infrastructure Capital's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where HA Sustainable Infrastructure Capital's Shiller PE Ratio falls into.


FRA:6HA
76GF Score
HA Sustainable Infrastructure Capital Inc FRA:6HA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HA Sustainable Infrastructure Capital 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, HA Sustainable Infrastructure Capital'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)
=-0.493/330.2130*330.2130
=-0.493

Current CPI (Mar. 2026) = 330.2130.

HA Sustainable Infrastructure Capital Quarterly Data

per share eps CPI Adj_EPS
201606 0.080 241.018 0.110
201609 0.062 241.428 0.085
201612 0.085 241.432 0.116
201703 0.131 243.801 0.177
201706 0.205 244.955 0.276
201709 0.117 246.819 0.157
201712 0.051 246.524 0.068
201803 -0.024 249.554 -0.032
201806 0.274 251.989 0.359
201809 0.257 252.439 0.336
201812 0.141 251.233 0.185
201903 0.186 254.202 0.242
201906 0.168 256.143 0.217
201909 0.118 256.759 0.152
201912 0.594 256.974 0.763
202003 0.317 258.115 0.406
202006 0.142 257.797 0.182
202009 0.238 260.280 0.302
202012 0.263 260.474 0.333
202103 0.512 264.877 0.638
202106 0.166 271.696 0.202
202109 -0.034 274.310 -0.041
202112 0.628 278.802 0.744
202203 0.463 287.504 0.532
202206 -0.199 296.311 -0.222
202209 0.384 296.808 0.427
202212 -0.208 296.797 -0.231
202303 0.243 301.836 0.266
202306 0.129 305.109 0.140
202309 0.187 307.789 0.201
202312 0.679 306.746 0.731
202403 0.902 312.332 0.954
202406 0.214 314.175 0.225
202409 -0.153 315.301 -0.160
202412 0.516 315.605 0.540
202503 0.407 319.799 0.420
202506 0.642 322.561 0.657
202509 0.520 324.800 0.529
202512 -0.367 324.054 -0.374
202603 -0.493 330.213 -0.493

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 €0.96 mean?
HA Sustainable Infrastructure Capital (FRA:6HA) has a E10 of €0.96 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on HA Sustainable Infrastructure Capital and its competitors.
Is HA Sustainable Infrastructure Capital's E10 too high?
HA Sustainable Infrastructure Capital's current E10 is €0.96. Overall, HA Sustainable Infrastructure Capital has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HA Sustainable Infrastructure Capital's E10 compare to VCTR and MAAS?
HA Sustainable Infrastructure Capital's E10 of €0.96 can be compared against companies in the Asset Management 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 an Asset Management company?
A good E10 depends on the Asset Management 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 HA Sustainable Infrastructure Capital and its competitors. HA Sustainable Infrastructure Capital's current E10 is €0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HA Sustainable Infrastructure Capital stock overvalued right now?
Based on GuruFocus' analysis, HA Sustainable Infrastructure Capital (FRA:6HA) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.28, compared to a current price of €34.10 — trading 76.9% above its estimated fair value. The current E10 is €0.96. HA Sustainable Infrastructure Capital's overall GF Score™ is 76/100 with 9 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 HA Sustainable Infrastructure Capital (FRA:6HA), the current E10 is €0.96 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 HA Sustainable Infrastructure Capital (FRA:6HA) Overvalued in 2026?

Based on GuruFocus' analysis, HA Sustainable Infrastructure Capital stock appears to be overvalued. The current stock price of €34.10 is trading 76.9% above its estimated GF Value™ of €19.28. GuruFocus considers HA Sustainable Infrastructure Capital to be Significantly Overvalued.

Key valuation signals for FRA:6HA:

  • E10: €0.96
  • GF Value™: €19.28 vs. price of €34.10 (76.9% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the FRA:6HA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HA Sustainable Infrastructure Capital Business Description

Other Exchanges HASI:USA0J2Z:UK6HA:Germany
Address One Park Place, Suite 200, Annapolis, MD, USA, 21401
HA Sustainable Infrastructure Capital Inc is an investor in sustainable infrastructure assets advancing the energy transition. Its investment is focused on actively partnering with clients to deploy capital in income-generating real assets that are supported by long-term recurring cash flows. This enabled to the generation of attractive risk-adjusted returns and provided stockholders with diversified exposure to the energy transition. The company's single reportable segment generates net investment and equity method investment income through investments in energy transition assets and infrastructure projects, as well as revenue through the gain on sale of assets and recurring asset management fees.
76GF Score

Get the complete analysis for FRA:6HA

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

€34.10
Price
€19.28
GF Value