HORNBACH Holding AG and Co KGaA (HAM:HBH) E10: €9.33 (As of May. 2026)


HAM:HBH HORNBACH Holding AG and Co KGaA HAM:HBH
69 GF Score
Price €77.90
GF Value €82.15
Valuation Fairly Valued
! 3 Warning Signs
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What is HORNBACH Holding AG and Co KGaA E10?

HORNBACH Holding AG and Co KGaA HAM:HBH -0.13% 69 E10 is €9.33 as of May. 2026. GuruFocus rates HAM:HBH with a GF Score™ of 69/100 and a GF Value™ of €82.15 (Fairly Valued). The stock has 3 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.

HORNBACH Holding AG and Co KGaA's adjusted earnings per share data for the three months ended in May. 2026 was €6.240. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €9.33 for the trailing ten years ended in May. 2026.

During the past 12 months, HORNBACH Holding AG and Co KGaA's average E10 Growth Rate was 4.20% per year. During the past 3 years, the average E10 Growth Rate was 4.80% per year. During the past 5 years, the average E10 Growth Rate was 9.10% 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 HORNBACH Holding AG and Co KGaA was 15.80% per year. The lowest was 4.80% per year. And the median was 11.80% per year.

As of today (2026-06-27), HORNBACH Holding AG and Co KGaA's current stock price is €77.90. HORNBACH Holding AG and Co KGaA's E10 for the quarter that ended in May. 2026 was €9.33. HORNBACH Holding AG and Co KGaA's Shiller PE Ratio of today is 8.35.

During the past 13 years, the highest Shiller PE Ratio of HORNBACH Holding AG and Co KGaA was 20.48. The lowest was 6.71. And the median was 9.85.


HORNBACH Holding AG and Co KGaA  (HAM:HBH) 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.

HORNBACH Holding AG and Co KGaA's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=77.90/9.33
=8.35

* 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 HORNBACH Holding AG and Co KGaA was 20.48. The lowest was 6.71. And the median was 9.85.


Be Aware

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


HORNBACH Holding AG and Co KGaA E10 Related Terms


HORNBACH Holding AG and Co KGaA E10 Historical Data

* Premium members only.

The historical data trend for HORNBACH Holding AG and Co KGaA'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.

HORNBACH Holding AG and Co KGaA E10 Chart

HORNBACH Holding AG and Co KGaA Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.74 7.88 8.48 8.54 8.89

HORNBACH Holding AG and Co KGaA Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 9.06 8.98 9.06 8.89 9.33

HAM:HBH vs HD, LOW, FND: E10 Comparison

For the Home Improvement Retail subindustry, HORNBACH Holding AG and Co KGaA'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.


HORNBACH Holding AG and Co KGaA Shiller PE Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Holding AG and Co KGaA's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where HORNBACH Holding AG and Co KGaA's Shiller PE Ratio falls into.


HAM:HBH
69GF Score
HORNBACH Holding AG and Co KGaA HAM:HBH
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HORNBACH Holding AG and Co KGaA 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, HORNBACH Holding AG and Co KGaA's adjusted earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=6.24/131.2583*131.2583
=6.240

Current CPI (May. 2026) = 131.2583.

HORNBACH Holding AG and Co KGaA Quarterly Data

per share eps CPI Adj_EPS
201608 2.590 101.017 3.365
201611 0.910 100.517 1.188
201702 -1.220 101.217 -1.582
201705 3.180 101.817 4.100
201708 2.850 102.617 3.645
201711 0.920 102.117 1.183
201802 -1.830 102.317 -2.348
201805 2.690 103.917 3.398
201808 2.850 104.517 3.579
201811 0.720 104.217 0.907
201902 -2.180 103.817 -2.756
201905 3.150 105.418 3.922
201908 3.570 106.018 4.420
201911 1.300 105.318 1.620
202002 -1.460 105.618 -1.814
202005 6.060 106.018 7.503
202008 5.510 106.018 6.822
202011 2.140 105.018 2.675
202102 -3.390 107.018 -4.158
202105 5.830 108.170 7.074
202108 5.850 109.118 7.037
202111 1.980 110.173 2.359
202202 -1.180 111.754 -1.386
202205 6.140 115.760 6.962
202208 5.220 116.709 5.871
202211 1.710 119.872 1.872
202302 -3.250 121.454 -3.512
202305 4.150 122.824 4.435
202308 3.690 123.878 3.910
202311 1.760 123.668 1.868
202402 -1.760 124.511 -1.855
202405 5.960 125.776 6.220
202408 4.820 126.198 5.013
202411 1.060 126.409 1.101
202502 -3.040 127.358 -3.133
202505 6.620 128.412 6.767
202508 4.120 128.939 4.194
202511 0.640 129.361 0.649
202602 -2.730 129.782 -2.761
202605 6.240 131.258 6.240

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 €9.33 mean?
HORNBACH Holding AG and Co KGaA (HAM:HBH) has a E10 of €9.33 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on HORNBACH Holding AG and Co KGaA and its competitors.
Is HORNBACH Holding AG and Co KGaA's E10 too high?
HORNBACH Holding AG and Co KGaA's current E10 is €9.33. Overall, HORNBACH Holding AG and Co KGaA has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Holding AG and Co KGaA's E10 compare to HD and LOW?
HORNBACH Holding AG and Co KGaA's E10 of €9.33 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 HORNBACH Holding AG and Co KGaA and its competitors. HORNBACH Holding AG and Co KGaA's current E10 is €9.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Holding AG and Co KGaA stock overvalued right now?
Based on GuruFocus' analysis, HORNBACH Holding AG and Co KGaA (HAM:HBH) is currently considered Fairly Valued. The stock's GF Value™ is €82.15, compared to a current price of €77.90 — trading 5.2% below its estimated fair value. The current E10 is €9.33. HORNBACH Holding AG and Co KGaA's overall GF Score™ is 69/100 with 3 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 HORNBACH Holding AG and Co KGaA (HAM:HBH), the current E10 is €9.33 as of May. 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 HORNBACH Holding AG and Co KGaA (HAM:HBH) Overvalued in 2026?

Based on GuruFocus' analysis, HORNBACH Holding AG and Co KGaA stock appears to be undervalued. The current stock price of €77.90 is trading 5.2% below its estimated GF Value™ of €82.15. GuruFocus considers HORNBACH Holding AG and Co KGaA to be Fairly Valued.

Key valuation signals for HAM:HBH:

  • E10: €9.33
  • GF Value™: €82.15 vs. price of €77.90 (5.2% below fair value)
  • GF Score™: 69/100 with 3 warning signs

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


HORNBACH Holding AG and Co KGaA Business Description

Address Le Quartier Hornbach 19, Neustadt an der Weinstrasse, DEU, 67433
HORNBACH Holding AG and Co KGaA and its subsidiaries are involved in the business of Retail and Real estate segments. The company's operating segment include HORNBACH Baumarkt subgroup; HORNBACH Baustoff Union GmbH subgroup, and HORNBACH Immobilien AG subgroup. It generates maximum revenue from the HORNBACH Baumarkt subgroup segment. Geographically, it derives a majority of revenue from Germany. Products are structured in the following divisions: Hardware/Electrical, Paint/Wallpaper/Flooring, Construction Materials/Timber/Prefabricated Components, Sanitary/Tiles, and Garden. The company operates in Germany and other European countries.
69GF Score

Get the complete analysis for HAM:HBH

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

€77.90
Price
€82.15
GF Value