Hydro One (FRA:8H1) E10: €1.14 (As of Mar. 2026)


FRA:8H1 Hydro One Ltd FRA:8H1
74 GF Score
Price €36.01
GF Value €31.89
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Hydro One E10?

Hydro One FRA:8H1 -0.88% 74 E10 is €1.14 as of Mar. 2026. GuruFocus rates FRA:8H1 with a GF Score™ of 74/100 and a GF Value™ of €31.89 (Modestly Overvalued). The stock has 10 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.

Hydro One's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.14 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Hydro One's average E10 Growth Rate was -99.60% per year. During the past 3 years, the average E10 Growth Rate was -91.00% per year. During the past 5 years, the average E10 Growth Rate was -71.00% 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 Hydro One was -9.00% per year. The lowest was -91.00% per year. And the median was -22.55% per year.

As of today (2026-07-01), Hydro One's current stock price is €36.01. Hydro One's E10 for the quarter that ended in Mar. 2026 was €1.14. Hydro One's Shiller PE Ratio of today is 31.59.

During the past 13 years, the highest Shiller PE Ratio of Hydro One was 33.76. The lowest was 0.01. And the median was 0.01.


Hydro One  (FRA:8H1) 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.

Hydro One's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=36.01/1.14
=31.59

* 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 Hydro One was 33.76. The lowest was 0.01. And the median was 0.01.


Be Aware

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


Hydro One E10 Related Terms


Hydro One E10 Historical Data

* Premium members only.

The historical data trend for Hydro One'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.

Hydro One E10 Chart

Hydro One 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 2,146.74 1,678.50 988.65 466.03 1.09

Hydro One 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 262.15 150.70 1.08 1.09 1.14

FRA:8H1 vs NEE, SO, DUK: E10 Comparison

For the Utilities - Regulated Electric subindustry, Hydro One'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.


Hydro One Shiller PE Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's Shiller PE Ratio distribution charts can be found below:

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


FRA:8H1
74GF Score
Hydro One Ltd FRA:8H1
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hydro One 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, Hydro One'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)
=0.41/132.2623*132.2623
=0.410

Current CPI (Mar. 2026) = 132.2623.

Hydro One Quarterly Data

per share eps CPI Adj_EPS
201606 0.173 102.002 0.224
201609 0.265 101.765 0.344
201612 0.149 101.449 0.194
201703 0.196 102.634 0.253
201706 0.134 103.029 0.172
201709 0.253 103.345 0.324
201712 0.172 103.345 0.220
201803 0.232 105.004 0.292
201806 0.215 105.557 0.269
201809 0.210 105.636 0.263
201812 -0.772 105.399 -0.969
201903 0.192 106.979 0.237
201906 0.173 107.690 0.212
201909 0.274 107.611 0.337
201912 0.239 107.769 0.293
202003 0.246 107.927 0.301
202006 1.206 108.401 1.471
202009 0.302 108.164 0.369
202012 0.173 108.559 0.211
202103 0.301 110.298 0.361
202106 0.272 111.720 0.322
202109 0.335 112.905 0.392
202112 0.180 113.774 0.209
202203 0.373 117.646 0.419
202206 0.310 120.806 0.339
202209 0.386 120.648 0.423
202212 0.208 120.964 0.227
202303 0.321 122.702 0.346
202306 0.306 124.203 0.326
202309 0.409 125.230 0.432
202312 0.205 125.072 0.217
202403 0.333 126.258 0.349
202406 0.332 127.522 0.344
202409 0.412 127.285 0.428
202412 0.221 127.364 0.229
202503 0.387 129.181 0.396
202506 0.343 129.892 0.349
202509 0.431 130.287 0.438
202512 0.241 130.366 0.245
202603 0.410 132.262 0.410

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 €1.14 mean?
Hydro One (FRA:8H1) has a E10 of €1.14 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Hydro One and its competitors.
Is Hydro One's E10 too high?
Hydro One's current E10 is €1.14. Overall, Hydro One has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hydro One's E10 compare to NEE and SO?
Hydro One's E10 of €1.14 can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good E10 depends on the Utilities - Regulated 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 Hydro One and its competitors. Hydro One's current E10 is €1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hydro One stock overvalued right now?
Based on GuruFocus' analysis, Hydro One (FRA:8H1) is currently considered Modestly Overvalued. The stock's GF Value™ is €31.89, compared to a current price of €36.01 — trading 12.9% above its estimated fair value. The current E10 is €1.14. Hydro One's overall GF Score™ is 74/100 with 10 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 Hydro One (FRA:8H1), the current E10 is €1.14 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 Hydro One (FRA:8H1) Overvalued in 2026?

Based on GuruFocus' analysis, Hydro One stock appears to be overvalued. The current stock price of €36.01 is trading 12.9% above its estimated GF Value™ of €31.89. GuruFocus considers Hydro One to be Modestly Overvalued.

Key valuation signals for FRA:8H1:

  • E10: €1.14
  • GF Value™: €31.89 vs. price of €36.01 (12.9% above fair value)
  • GF Score™: 74/100 with 10 warning signs

No single metric tells the full story. See the FRA:8H1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hydro One Business Description

Other Exchanges HRNNF:USAH:Canada
Address 483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47.5% common equity stake.
74GF Score

Get the complete analysis for FRA:8H1

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

€36.01
Price
€31.89
GF Value