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HASI (HA Sustainable Infrastructure Capital) E10 : $1.09 (As of Mar. 2025)


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What is HA Sustainable Infrastructure Capital 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.

HA Sustainable Infrastructure Capital's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.440. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.09 for the trailing ten years ended in Mar. 2025.

During the past 12 months, HA Sustainable Infrastructure Capital's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 18.20% 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 HA Sustainable Infrastructure Capital was 18.20% per year. The lowest was 18.20% per year. And the median was 18.20% per year.

As of today (2025-07-21), HA Sustainable Infrastructure Capital's current stock price is $26.76. HA Sustainable Infrastructure Capital's E10 for the quarter that ended in Mar. 2025 was $1.09. HA Sustainable Infrastructure Capital's Shiller PE Ratio of today is 24.55.

During the past 13 years, the highest Shiller PE Ratio of HA Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 33.79.


HA Sustainable Infrastructure Capital E10 Historical Data

The historical data trend for HA Sustainable Infrastructure Capital'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.

HA Sustainable Infrastructure Capital E10 Chart

HA Sustainable Infrastructure Capital 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 - 0.63 0.66 0.92 1.04

HA Sustainable Infrastructure Capital Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1.01 1.02 0.99 1.04 1.09

Competitive Comparison of HA Sustainable Infrastructure Capital's E10

For the Asset Management subindustry, HA Sustainable Infrastructure Capital'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.


HA Sustainable Infrastructure Capital's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, HA Sustainable Infrastructure Capital's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where HA Sustainable Infrastructure Capital's Shiller PE Ratio falls into.


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HA Sustainable Infrastructure Capital 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, HA Sustainable Infrastructure Capital's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.44/134.9266*134.9266
=0.440

Current CPI (Mar. 2025) = 134.9266.

HA Sustainable Infrastructure Capital Quarterly Data

per share eps CPI Adj_EPS
201506 0.040 100.684 0.054
201509 0.060 100.392 0.081
201512 0.050 99.792 0.068
201603 0.070 100.470 0.094
201606 0.090 101.688 0.119
201609 0.070 101.861 0.093
201612 0.090 101.863 0.119
201703 0.140 102.862 0.184
201706 0.230 103.349 0.300
201709 0.140 104.136 0.181
201712 0.060 104.011 0.078
201803 -0.030 105.290 -0.038
201806 0.320 106.317 0.406
201809 0.300 106.507 0.380
201812 0.160 105.998 0.204
201903 0.210 107.251 0.264
201906 0.190 108.070 0.237
201909 0.130 108.329 0.162
201912 0.660 108.420 0.821
202003 0.350 108.902 0.434
202006 0.160 108.767 0.198
202009 0.280 109.815 0.344
202012 0.320 109.897 0.393
202103 0.610 111.754 0.736
202106 0.200 114.631 0.235
202109 -0.040 115.734 -0.047
202112 0.710 117.630 0.814
202203 0.510 121.301 0.567
202206 -0.210 125.017 -0.227
202209 0.380 125.227 0.409
202212 -0.220 125.222 -0.237
202303 0.260 127.348 0.275
202306 0.140 128.729 0.147
202309 0.200 129.860 0.208
202312 0.740 129.419 0.771
202403 0.980 131.776 1.003
202406 0.230 132.554 0.234
202409 -0.170 133.029 -0.172
202412 0.540 133.157 0.547
202503 0.440 134.927 0.440

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


HA Sustainable Infrastructure Capital  (NYSE:HASI) 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.

HA Sustainable Infrastructure Capital's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=26.76/1.09
=24.55

* 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 HA Sustainable Infrastructure Capital was 114.43. The lowest was 18.49. And the median was 33.79.


Be Aware

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


HA Sustainable Infrastructure Capital E10 Related Terms

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


HA Sustainable Infrastructure Capital Business Description

Traded in Other Exchanges
Address
One Park Place, Suite 200, Annapolis, MD, USA, 21401
HA Sustainable Infrastructure Capital Inc is an investor in sustainable infrastructure assets advancing the energy transition. Its investment is focused on actively partnering with clients to deploy capital in income-generating real assets that are supported by long-term recurring cash flows. This enabled to the generation of attractive risk-adjusted returns and provided stockholders with diversified exposure to the energy transition.
Executives
Marc T. Pangburn officer: EVP and Co-CIO C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Jeffrey Eckel director, officer: Chairman, President & CEO 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Nathaniel Rose officer: EVP & COO 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Clarence D Armbrister director C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Richard Santoroski officer: EVP and Chief Risk Officer 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Jeffrey Lipson officer: Chief Financial Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Teresa Brenner director 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Richard J Osborne director C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Daniel K. Mcmahon officer: EVP 1906 TOWNE CENTRE BLVD, SUITE 370, ANNAPOLIS MD 21401
Charles Melko officer: Chief Accounting Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Steven Chuslo officer: General Counsel & EVP 1906 TOWNE CENTRE BLVD., SUITE 370, ANNAPOLIS MD 21401
Susan D Nickey officer: EVP and Chief Client Officer C/O HANNON ARMSTRONG, 1906 TOWNE CENTRE BLVD. SUITE 370, ANNAPOLIS MD 21401
Kimberly A. Reed director C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Steven G Osgood director 6745 ENGLE ROAD, SUITE 300, MIDDLEBURG HEIGHTS OH 44130
Lizabeth A Ardisana director 328 S. SAGINAW ST., FLINT MI 48430