Humana (FRA:HUM) E10: €17.58 (As of Mar. 2026)


FRA:HUM Humana Inc FRA:HUM
87 GF Score
Price €348.00
GF Value €319.12
Valuation Fairly Valued
! 7 Warning Signs
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What is Humana E10?

Humana FRA:HUM +2.96% 87 E10 is €17.58 as of Mar. 2026. GuruFocus rates FRA:HUM with a GF Score™ of 87/100 and a GF Value™ of €319.12 (Fairly Valued). The stock has 7 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.

Humana's adjusted earnings per share data for the three months ended in Mar. 2026 was €8.503. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €17.58 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Humana's average E10 Growth Rate was 2.90% per year. During the past 3 years, the average E10 Growth Rate was 4.70% per year. During the past 5 years, the average E10 Growth Rate was 9.10% per year. During the past 10 years, the average E10 Growth Rate was 12.90% 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 Humana was 37.80% per year. The lowest was -20.40% per year. And the median was 14.50% per year.

As of today (2026-07-01), Humana's current stock price is €348.00. Humana's E10 for the quarter that ended in Mar. 2026 was €17.58. Humana's Shiller PE Ratio of today is 19.80.

During the past 13 years, the highest Shiller PE Ratio of Humana was 39.27. The lowest was 8.56. And the median was 29.28.


Humana  (FRA:HUM) 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.

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

Shiller PE Ratio=Share Price/E10
=348.00/17.58
=19.80

* 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 Humana was 39.27. The lowest was 8.56. And the median was 29.28.


Be Aware

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


Humana E10 Related Terms


Humana E10 Historical Data

* Premium members only.

The historical data trend for Humana'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.

Humana E10 Chart

Humana 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 13.03 15.74 16.70 18.17 16.45

Humana 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 18.23 17.15 16.70 16.45 17.58

FRA:HUM vs CNC, CI, MOH: E10 Comparison

For the Healthcare Plans subindustry, Humana'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.


Humana Shiller PE Ratio vs Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Humana's Shiller PE Ratio distribution charts can be found below:

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


FRA:HUM
87GF Score
Humana Inc FRA:HUM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Humana 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, Humana'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)
=8.503/330.2130*330.2130
=8.503

Current CPI (Mar. 2026) = 330.2130.

Humana Quarterly Data

per share eps CPI Adj_EPS
201606 1.833 241.018 2.511
201609 2.655 241.428 3.631
201612 -2.541 241.432 -3.475
201703 7.003 243.801 9.485
201706 3.969 244.955 5.350
201709 2.886 246.819 3.861
201712 1.090 246.524 1.460
201803 2.863 249.554 3.788
201806 1.190 251.989 1.559
201809 3.985 252.439 5.213
201812 2.268 251.233 2.981
201903 3.682 254.202 4.783
201906 6.142 256.143 7.918
201909 4.667 256.759 6.002
201912 3.456 256.974 4.441
202003 3.222 258.115 4.122
202006 12.210 257.797 15.640
202009 8.532 260.280 10.824
202012 -1.702 260.474 -2.158
202103 5.368 264.877 6.692
202106 3.777 271.696 4.590
202109 10.064 274.310 12.115
202112 -0.097 278.802 -0.115
202203 6.619 287.504 7.602
202206 5.184 296.311 5.777
202209 9.484 296.808 10.551
202212 -0.113 296.797 -0.126
202303 9.219 301.836 10.086
202306 7.070 305.109 7.652
202309 6.287 307.789 6.745
202312 -4.053 306.746 -4.363
202403 5.621 312.332 5.943
202406 5.221 314.175 5.488
202409 3.586 315.301 3.756
202412 -5.501 315.605 -5.756
202503 9.527 319.799 9.837
202506 3.910 322.561 4.003
202509 1.380 324.800 1.403
202512 -5.636 324.054 -5.743
202603 8.503 330.213 8.503

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 €17.58 mean?
Humana (FRA:HUM) has a E10 of €17.58 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Humana and its competitors.
Is Humana's E10 too high?
Humana's current E10 is €17.58. Overall, Humana has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Humana's E10 compare to CNC and CI?
Humana's E10 of €17.58 can be compared against companies in the Healthcare Plans 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 Healthcare Plans company?
A good E10 depends on the Healthcare Plans 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 Humana and its competitors. Humana's current E10 is €17.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Humana stock overvalued right now?
Based on GuruFocus' analysis, Humana (FRA:HUM) is currently considered Fairly Valued. The stock's GF Value™ is €319.12, compared to a current price of €348.00 — trading 9% above its estimated fair value. The current E10 is €17.58. Humana's overall GF Score™ is 87/100 with 7 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 Humana (FRA:HUM), the current E10 is €17.58 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 Humana (FRA:HUM) Overvalued in 2026?

Based on GuruFocus' analysis, Humana stock appears to be overvalued. The current stock price of €348.00 is trading 9% above its estimated GF Value™ of €319.12. GuruFocus considers Humana to be Fairly Valued.

Key valuation signals for FRA:HUM:

  • E10: €17.58
  • GF Value™: €319.12 vs. price of €348.00 (9% above fair value)
  • GF Score™: 87/100 with 7 warning signs

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


Humana Business Description

Address 101 East Main Street, Louisville, KY, USA, 40202
Humana is one of the largest private health insurers in the US, and the firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from Medicare, Medicaid, and the military's Tricare program. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.
87GF Score

Get the complete analysis for FRA:HUM

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

€348.00
Price
€319.12
GF Value