HCA (HCA Healthcare) E10: $18.36 (As of Mar. 2026)


HCA HCA Healthcare Inc HCA
93 GF Score
Price $390.32
GF Value $451.66
Valuation Modestly Undervalued
! 3 Warning Signs
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What is HCA Healthcare E10?

HCA Healthcare HCA +0.87% 93 E10 is $18.36 as of Mar. 2026. GuruFocus rates HCA with a GF Score™ of 93/100 and a GF Value™ of $451.66 (Modestly Undervalued). 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.

HCA Healthcare's adjusted earnings per share data for the three months ended in Mar. 2026 was $7.150. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $18.36 for the trailing ten years ended in Mar. 2026.

During the past 12 months, HCA Healthcare's average E10 Growth Rate was 17.40% per year. During the past 3 years, the average E10 Growth Rate was 16.40% per year. During the past 5 years, the average E10 Growth Rate was 19.60% per year. During the past 10 years, the average E10 Growth Rate was 18.00% 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 HCA Healthcare was 22.70% per year. The lowest was 3.10% per year. And the median was 10.10% per year.

As of today (2026-06-26), HCA Healthcare's current stock price is $390.32. HCA Healthcare's E10 for the quarter that ended in Mar. 2026 was $18.36. HCA Healthcare's Shiller PE Ratio of today is 21.26.

During the past 13 years, the highest Shiller PE Ratio of HCA Healthcare was 32.14. The lowest was 12.76. And the median was 22.60.


HCA Healthcare  (NYSE:HCA) 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.

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

Shiller PE Ratio=Share Price/E10
=390.32/18.36
=21.26

* 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 HCA Healthcare was 32.14. The lowest was 12.76. And the median was 22.60.


Be Aware

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


HCA Healthcare E10 Related Terms


HCA Healthcare E10 Historical Data

* Premium members only.

The historical data trend for HCA Healthcare'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.

HCA Healthcare E10 Chart

HCA Healthcare 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 9.05 11.12 12.96 14.98 17.55

HCA Healthcare 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 15.64 16.30 16.97 17.55 18.36

HCA vs THC, DVA, EHC: E10 Comparison

For the Medical Care Facilities subindustry, HCA Healthcare'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.


HCA Healthcare Shiller PE Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HCA Healthcare's Shiller PE Ratio distribution charts can be found below:

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


HCA
93GF Score
HCA Healthcare Inc HCA
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
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HCA Healthcare 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, HCA Healthcare'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)
=7.15/330.2130*330.2130
=7.150

Current CPI (Mar. 2026) = 330.2130.

HCA Healthcare Quarterly Data

per share eps CPI Adj_EPS
201606 1.650 241.018 2.261
201609 1.590 241.428 2.175
201612 2.390 241.432 3.269
201703 1.740 243.801 2.357
201706 1.750 244.955 2.359
201709 1.150 246.819 1.539
201712 1.300 246.524 1.741
201803 3.180 249.554 4.208
201806 2.310 251.989 3.027
201809 2.150 252.439 2.812
201812 3.010 251.233 3.956
201903 2.970 254.202 3.858
201906 2.250 256.143 2.901
201909 1.760 256.759 2.264
201912 3.090 256.974 3.971
202003 1.690 258.115 2.162
202006 3.160 257.797 4.048
202009 1.950 260.280 2.474
202012 4.130 260.474 5.236
202103 4.140 264.877 5.161
202106 4.360 271.696 5.299
202109 7.000 274.310 8.427
202112 5.750 278.802 6.810
202203 4.140 287.504 4.755
202206 3.900 296.311 4.346
202209 3.910 296.808 4.350
202212 7.280 296.797 8.100
202303 4.850 301.836 5.306
202306 4.290 305.109 4.643
202309 3.910 307.789 4.195
202312 5.930 306.746 6.384
202403 5.930 312.332 6.269
202406 5.530 314.175 5.812
202409 4.880 315.301 5.111
202412 5.630 315.605 5.891
202503 6.450 319.799 6.660
202506 6.830 322.561 6.992
202509 6.960 324.800 7.076
202512 8.140 324.054 8.295
202603 7.150 330.213 7.150

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 $18.36 mean?
HCA Healthcare (HCA) has a E10 of $18.36 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on HCA Healthcare and its competitors.
Is HCA Healthcare's E10 too high?
HCA Healthcare's current E10 is $18.36. Overall, HCA Healthcare has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HCA Healthcare's E10 compare to THC and DVA?
HCA Healthcare's E10 of $18.36 can be compared against companies in the Healthcare Providers & Services 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 Providers & Services company?
A good E10 depends on the Healthcare Providers & Services 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 HCA Healthcare and its competitors. HCA Healthcare's current E10 is $18.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCA Healthcare stock overvalued right now?
Based on GuruFocus' analysis, HCA Healthcare (HCA) is currently considered Modestly Undervalued. The stock's GF Value™ is $451.66, compared to a current price of $390.32 — trading 13.6% below its estimated fair value. The current E10 is $18.36. HCA Healthcare's overall GF Score™ is 93/100 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 HCA Healthcare (HCA), the current E10 is $18.36 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 HCA Healthcare (HCA) Overvalued in 2026?

Based on GuruFocus' analysis, HCA Healthcare stock appears to be undervalued. The current stock price of $390.32 is trading 13.6% below its estimated GF Value™ of $451.66. GuruFocus considers HCA Healthcare to be Modestly Undervalued.

Key valuation signals for HCA:

  • E10: $18.36
  • GF Value™: $451.66 vs. price of $390.32 (13.6% below fair value)
  • GF Score™: 93/100 with 3 warning signs

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


HCA Healthcare Business Description

Address One Park Plaza, Nashville, TN, USA, 37203
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.
93GF Score

Get the complete analysis for HCA

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

$390.32
Price
$451.66
GF Value