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Howard Hughes Holdings (Howard Hughes Holdings) E10 : $0.48 (As of Mar. 2024)


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What is Howard Hughes Holdings 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.

Howard Hughes Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was $-1.060. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Howard Hughes Holdings's average E10 Growth Rate was -59.30% 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.

As of today (2024-05-15), Howard Hughes Holdings's current stock price is $67.66. Howard Hughes Holdings's E10 for the quarter that ended in Mar. 2024 was $0.48. Howard Hughes Holdings's Shiller PE Ratio of today is 140.96.

During the past 13 years, the highest Shiller PE Ratio of Howard Hughes Holdings was 1071.44. The lowest was 52.37. And the median was 155.55.


Howard Hughes Holdings E10 Historical Data

The historical data trend for Howard Hughes Holdings'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.

Howard Hughes Holdings E10 Chart

Howard Hughes Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 -0.13 0.23 1.13 0.31

Howard Hughes Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.18 1.41 0.30 0.31 0.48

Competitive Comparison of Howard Hughes Holdings's E10

For the Real Estate - Diversified subindustry, Howard Hughes Holdings'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.


Howard Hughes Holdings's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Howard Hughes Holdings's Shiller PE Ratio falls into.



Howard Hughes Holdings 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, Howard Hughes Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.06/129.4194*129.4194
=-1.060

Current CPI (Mar. 2024) = 129.4194.

Howard Hughes Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 -0.370 100.560 -0.476
201409 0.480 100.428 0.619
201412 0.810 99.070 1.058
201503 -2.680 99.621 -3.482
201506 0.180 100.684 0.231
201509 0.760 100.392 0.980
201512 0.590 99.792 0.765
201603 2.690 100.470 3.465
201606 0.160 101.688 0.204
201609 0.190 101.861 0.241
201612 1.020 101.863 1.296
201703 0.130 102.862 0.164
201706 0.070 103.349 0.088
201709 0.240 104.136 0.298
201712 3.460 104.011 4.305
201803 0.030 105.290 0.037
201806 -0.120 106.317 -0.146
201809 0.540 106.507 0.656
201812 0.860 105.998 1.050
201903 0.740 107.251 0.893
201906 0.310 108.070 0.371
201909 0.690 108.329 0.824
201912 -0.030 108.420 -0.036
202003 -2.880 108.902 -3.423
202006 -0.610 108.767 -0.726
202009 2.510 109.815 2.958
202012 -0.120 109.897 -0.141
202103 -1.200 111.754 -1.390
202106 0.090 114.631 0.102
202109 0.070 115.734 0.078
202112 2.090 117.630 2.299
202203 0.040 121.301 0.043
202206 0.420 125.017 0.435
202209 2.190 125.227 2.263
202212 1.070 125.222 1.106
202303 -0.460 127.348 -0.467
202306 -0.390 128.729 -0.392
202309 -10.970 129.860 -10.933
202312 0.690 129.419 0.690
202403 -1.060 129.419 -1.060

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


Howard Hughes Holdings  (NYSE:HHH) 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.

Howard Hughes Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=67.66/0.48
=140.96

* 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 Howard Hughes Holdings was 1071.44. The lowest was 52.37. And the median was 155.55.


Be Aware

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


Howard Hughes Holdings E10 Related Terms

Thank you for viewing the detailed overview of Howard Hughes Holdings's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Howard Hughes Holdings (Howard Hughes Holdings) Business Description

Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.
Executives
Douglas Johnstone officer: Regional President, Hawaii ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FOOR, DALLAS TX 75240
Pershing Square Capital Management, L.p. director, 10 percent owner 787 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Zachary Winick officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Elena Verbinskaya officer: Chief Accounting Officer C/O IPSCO TUBULARS INC., 10120 HOUSTON OAKS DRIVE, HOUSTON TX 77064
Kristi Smith officer: President, Columbia 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
William A Ackman director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Ps Management Gp, Llc director, 10 percent owner 787 - 11TH AVENUE, 9TH FLOOR, NEW YORK NY 10019
Frank Stephan officer: PRESIDENT, NEVADA 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
Anthony Williams director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Eun director 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77380
David Michael Striph officer: EVP, Head of Operations ONE GALLERIA TOWER, 13355 NOEL ROAD, 22ND FLOOR, DALLAS TX 75240
Andrew Schwartz officer: CO-PRESIDENT, NEW YORK REGION C/O THE HOWARD HUGHES CORPORATION, 199 WATER STREET, 28TH FLOOR, NEW YORK NY 10038
Heath Melton officer: PRESIDENT, PHOENIX REGION 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
Carlos A. Olea officer: CHIEF FINANCIAL OFFICER 9950 WOODLOCH FOREST DRIVE, SUITE 1100, THE WOODLANDS TX 77381
L Jay Cross officer: President 233 SOUTH WACKER DRIVE, SUITE 4600, CHICAGO IL 60606