Essential Utilities (HAM:A2A) E10: €1.68 (As of Mar. 2026)


HAM:A2A Essential Utilities Inc HAM:A2A
71 GF Score
Price €33.56
GF Value €36.80
Valuation Fairly Valued
! 7 Warning Signs
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What is Essential Utilities E10?

Essential Utilities HAM:A2A +2.91% 71 E10 is €1.68 as of Mar. 2026. GuruFocus rates HAM:A2A with a GF Score™ of 71/100 and a GF Value™ of €36.80 (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.

Essential Utilities's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.683. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.68 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Essential Utilities's average E10 Growth Rate was 5.60% per year. During the past 3 years, the average E10 Growth Rate was 5.80% per year. During the past 5 years, the average E10 Growth Rate was 7.30% 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 Essential Utilities was 14.50% per year. The lowest was 4.40% per year. And the median was 8.10% per year.

As of today (2026-06-30), Essential Utilities's current stock price is €33.56. Essential Utilities's E10 for the quarter that ended in Mar. 2026 was €1.68. Essential Utilities's Shiller PE Ratio of today is 19.98.

During the past 13 years, the highest Shiller PE Ratio of Essential Utilities was 44.77. The lowest was 19.63. And the median was 31.13.


Essential Utilities  (HAM:A2A) 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.

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

Shiller PE Ratio=Share Price/E10
=33.56/1.68
=19.98

* 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 Essential Utilities was 44.77. The lowest was 19.63. And the median was 31.13.


Be Aware

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


Essential Utilities E10 Related Terms


Essential Utilities E10 Historical Data

* Premium members only.

The historical data trend for Essential Utilities'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.

Essential Utilities E10 Chart

Essential Utilities 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 0.00 0.00 0.00 0.00 1.54

Essential Utilities 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 0.00 0.00 0.00 1.54 1.68

HAM:A2A vs AWR, CWT, HTO: E10 Comparison

For the Utilities - Regulated Water subindustry, Essential Utilities'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.


Essential Utilities Shiller PE Ratio vs Utilities - Regulated Industry

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

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


HAM:A2A
71GF Score
Essential Utilities Inc HAM:A2A
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Essential Utilities 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, Essential Utilities'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)
=0.683/330.2130*330.2130
=0.683

Current CPI (Mar. 2026) = 330.2130.

Essential Utilities Quarterly Data

per share eps CPI Adj_EPS
201606 0.294 241.018 0.403
201609 0.365 241.428 0.499
201612 0.265 241.432 0.362
201703 0.262 243.801 0.355
201706 0.303 244.955 0.408
201709 0.361 246.819 0.483
201712 0.253 246.524 0.339
201803 0.235 249.554 0.311
201806 0.317 251.989 0.415
201809 0.377 252.439 0.493
201812 -0.018 251.233 -0.024
201903 0.080 254.202 0.104
201906 0.221 256.143 0.285
201909 0.345 256.759 0.444
201912 0.252 256.974 0.324
202003 0.181 258.115 0.232
202006 0.258 257.797 0.330
202009 0.187 260.280 0.237
202012 0.329 260.474 0.417
202103 0.605 264.877 0.754
202106 0.266 271.696 0.323
202109 0.162 274.310 0.195
202112 0.389 278.802 0.461
202203 0.690 287.504 0.793
202206 0.293 296.311 0.327
202209 0.263 296.808 0.293
202212 0.415 296.797 0.462
202303 0.672 301.836 0.735
202306 0.314 305.109 0.340
202309 0.281 307.789 0.301
202312 0.458 306.746 0.493
202403 0.892 312.332 0.943
202406 0.260 314.175 0.273
202409 0.225 315.301 0.236
202412 0.640 315.605 0.670
202503 0.953 319.799 0.984
202506 0.329 322.561 0.337
202509 0.281 324.800 0.286
202512 0.401 324.054 0.409
202603 0.683 330.213 0.683

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 €1.68 mean?
Essential Utilities (HAM:A2A) has a E10 of €1.68 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Essential Utilities and its competitors.
Is Essential Utilities' E10 too high?
Essential Utilities' current E10 is €1.68. Overall, Essential Utilities has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Essential Utilities' E10 compare to AWR and CWT?
Essential Utilities' E10 of €1.68 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 Essential Utilities and its competitors. Essential Utilities's current E10 is €1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Essential Utilities stock overvalued right now?
Based on GuruFocus' analysis, Essential Utilities (HAM:A2A) is currently considered Fairly Valued. The stock's GF Value™ is €36.80, compared to a current price of €33.56 — trading 8.8% below its estimated fair value. The current E10 is €1.68. Essential Utilities' overall GF Score™ is 71/100 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 Essential Utilities (HAM:A2A), the current E10 is €1.68 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 Essential Utilities (HAM:A2A) Overvalued in 2026?

Based on GuruFocus' analysis, Essential Utilities stock appears to be undervalued. The current stock price of €33.56 is trading 8.8% below its estimated GF Value™ of €36.80. GuruFocus considers Essential Utilities to be Fairly Valued.

Key valuation signals for HAM:A2A:

  • E10: €1.68
  • GF Value™: €36.80 vs. price of €33.56 (8.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs

No single metric tells the full story. See the HAM:A2A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Essential Utilities Business Description

Other Exchanges WTRG:USAA2A:Germany
Address 762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489
Essential Utilities is a Pennsylvania-based holding company for US water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Its largest service territory is in Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 740,000 gas distribution customers in Pennsylvania and Kentucky. It completed the sale of its West Virginia gas utility and the bulk of its nonregulated assets in 2024. Essential shareholders would own a 31% stake in American Water Works if the proposed all-stock merger closes in 2027.
71GF Score

Get the complete analysis for HAM:A2A

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

€33.56
Price
€36.80
GF Value