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Employers Holdings (FRA:YGB) E10 : €4.20 (As of Dec. 2024)


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What is Employers Holdings 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.

Employers Holdings's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.089. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €4.20 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Employers Holdings's average E10 Growth Rate was 4.20% per year. During the past 3 years, the average E10 Growth Rate was 4.00% per year. During the past 5 years, the average E10 Growth Rate was 6.80% per year. During the past 10 years, the average E10 Growth Rate was 6.90% 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 Employers Holdings was 11.70% per year. The lowest was 1.70% per year. And the median was 7.40% per year.

As of today (2025-03-17), Employers Holdings's current stock price is €45.80. Employers Holdings's E10 for the quarter that ended in Dec. 2024 was €4.20. Employers Holdings's Shiller PE Ratio of today is 10.90.

During the past 13 years, the highest Shiller PE Ratio of Employers Holdings was 18.88. The lowest was 7.95. And the median was 10.99.


Employers Holdings E10 Historical Data

The historical data trend for Employers Holdings'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.

Employers Holdings E10 Chart

Employers Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.76 3.45 3.69 3.84 4.20

Employers Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.84 4.03 4.05 3.92 4.20

Competitive Comparison of Employers Holdings's E10

For the Insurance - Specialty subindustry, Employers Holdings'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.


Employers Holdings's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Employers Holdings's Shiller PE Ratio distribution charts can be found below:

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



Employers Holdings 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, Employers Holdings's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.089/133.1571*133.1571
=1.089

Current CPI (Dec. 2024) = 133.1571.

Employers Holdings Quarterly Data

per share eps CPI Adj_EPS
201503 0.397 99.621 0.531
201506 0.802 100.684 1.061
201509 0.668 100.392 0.886
201512 0.753 99.792 1.005
201603 0.593 100.470 0.786
201606 0.721 101.688 0.944
201609 0.615 101.861 0.804
201612 1.024 101.863 1.339
201703 0.654 102.862 0.847
201706 0.668 103.349 0.861
201709 0.554 104.136 0.708
201712 0.794 104.011 1.016
201803 0.624 105.290 0.789
201806 1.096 106.317 1.373
201809 1.226 106.507 1.533
201812 0.677 105.998 0.850
201903 1.389 107.251 1.725
201906 1.106 108.070 1.363
201909 0.917 108.329 1.127
201912 0.891 108.420 1.094
202003 -1.032 108.902 -1.262
202006 1.749 108.767 2.141
202009 0.891 109.815 1.080
202012 1.800 109.897 2.181
202103 0.672 111.754 0.801
202106 0.764 114.631 0.887
202109 0.451 115.734 0.519
202112 1.717 117.630 1.944
202203 -0.073 121.301 -0.080
202206 -0.530 125.017 -0.565
202209 0.707 125.227 0.752
202212 1.624 125.222 1.727
202303 0.803 127.348 0.840
202306 1.200 128.729 1.241
202309 0.506 129.860 0.519
202312 1.623 129.419 1.670
202403 1.021 131.776 1.032
202406 1.161 132.554 1.166
202409 1.090 133.029 1.091
202412 1.089 133.157 1.089

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


Employers Holdings  (FRA:YGB) 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.

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

Shiller PE Ratio=Share Price/E10
=45.80/4.20
=10.90

* 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 Employers Holdings was 18.88. The lowest was 7.95. And the median was 10.99.


Be Aware

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


Employers Holdings E10 Related Terms

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


Employers Holdings Business Description

Traded in Other Exchanges
Address
2340 Corporate Circle, Suite 200, Henderson, NV, USA, 89074
Employers Holdings Inc provides workers' compensation insurance, to small businesses in low- to medium-hazard industries. Its customers are employers, and the insurance premiums that those employers pay to account for company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has exposure to restaurants, which account for roughly a fourth of the total premiums the company earns. It operates as a single reportable segment, Insurance Operations, through itswholly owned subsidiaries.

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