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HCA Healthcare E10

: $6.65 (As of Sep. 2020)
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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 Sep. 2020 was $1.950. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $6.65 for the trailing ten years ended in Sep. 2020.

As of today (2021-01-17), HCA Healthcare's current stock price is $168.770000. HCA Healthcare's E10 for the quarter that ended in Sep. 2020 was $6.65. HCA Healthcare's Shiller PE Ratio of today is 25.38.

During the past 13 years, the highest Shiller PE Ratio of HCA Healthcare was 28.18. The lowest was 7.29. And the median was 20.31.


HCA Healthcare E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

HCA Healthcare Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.39 3.91 4.36 5.31 6.16

HCA Healthcare Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
E10 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 Premium Member Only Premium Member Only Premium Member Only 5.90 6.16 6.19 6.49 6.65

Competitive Comparison
* 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.


HCA Healthcare E10 Distribution

* The bar in red indicates where HCA Healthcare's E10 falls into.



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 Sep. 2020 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2020 (Change)*Current CPI (Sep. 2020)
=1.95/109.8605*109.8605
=1.950

Current CPI (Sep. 2020) = 109.8605.

HCA Healthcare Quarterly Data

per share eps CPI Adj_EPS
201012 0.650 92.914 0.769
201103 0.520 94.890 0.602
201106 0.430 95.319 0.496
201109 0.110 95.529 0.127
201112 3.930 95.632 4.515
201203 1.180 97.075 1.335
201206 0.850 96.661 0.966
201209 0.780 97.595 0.878
201212 0.680 97.158 0.769
201303 0.740 98.107 0.829
201306 0.910 98.557 1.014
201309 0.790 98.536 0.881
201312 0.920 98.692 1.024
201403 0.760 100.023 0.835
201406 1.070 100.520 1.169
201409 1.160 100.176 1.272
201412 1.190 98.604 1.326
201503 1.360 99.824 1.497
201506 1.180 100.691 1.287
201509 1.050 100.346 1.150
201512 1.400 99.957 1.539
201603 1.690 100.947 1.839
201606 1.650 101.524 1.785
201609 1.590 101.988 1.713
201612 2.390 102.456 2.563
201703 1.740 103.167 1.853
201706 1.750 103.278 1.862
201709 1.150 104.070 1.214
201712 1.300 104.578 1.366
201803 3.180 105.708 3.305
201806 2.310 106.324 2.387
201809 2.150 106.695 2.214
201812 3.010 106.200 3.114
201903 2.970 107.818 3.026
201906 2.250 108.250 2.283
201909 1.760 108.577 1.781
201912 3.090 108.841 3.119
202003 1.690 108.173 1.716
202006 3.160 109.318 3.176
202009 1.950 109.861 1.950

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


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
=168.770000/6.65
=25.38

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of HCA Healthcare was 28.18. The lowest was 7.29. And the median was 20.31.


Be Aware

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


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