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HomeStreet (HomeStreet) E10 : $2.58 (As of Dec. 2023)


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What is HomeStreet 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.

HomeStreet's adjusted earnings per share data for the three months ended in Dec. 2023 was $-0.180. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.58 for the trailing ten years ended in Dec. 2023.

During the past 12 months, HomeStreet's average E10 Growth Rate was -9.20% 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.

As of today (2024-05-13), HomeStreet's current stock price is $10.33. HomeStreet's E10 for the quarter that ended in Dec. 2023 was $2.58. HomeStreet's Shiller PE Ratio of today is 4.00.

During the past 13 years, the highest Shiller PE Ratio of HomeStreet was 18.91. The lowest was 1.73. And the median was 12.17.


HomeStreet E10 Historical Data

The historical data trend for HomeStreet'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.

HomeStreet E10 Chart

HomeStreet 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 - 2.58 3.08 2.84 2.58

HomeStreet 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 2.82 2.58 2.60 2.58 -

Competitive Comparison of HomeStreet's E10

For the Banks - Regional subindustry, HomeStreet'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.


HomeStreet's Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HomeStreet's Shiller PE Ratio distribution charts can be found below:

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



HomeStreet 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, HomeStreet's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.18/129.4194*129.4194
=-0.180

Current CPI (Dec. 2023) = 129.4194.

HomeStreet Quarterly Data

per share eps CPI Adj_EPS
201403 0.150 99.695 0.195
201406 0.630 100.560 0.811
201409 0.330 100.428 0.425
201412 0.380 99.070 0.496
201503 0.590 99.621 0.766
201506 0.560 100.684 0.720
201509 0.450 100.392 0.580
201512 0.390 99.792 0.506
201603 0.270 100.470 0.348
201606 0.870 101.688 1.107
201609 1.110 101.861 1.410
201612 0.090 101.863 0.114
201703 0.330 102.862 0.415
201706 0.410 103.349 0.513
201709 0.510 104.136 0.634
201712 1.290 104.011 1.605
201803 0.220 105.290 0.270
201806 0.260 106.317 0.316
201809 0.440 106.507 0.535
201812 0.560 105.998 0.684
201903 -0.060 107.251 -0.072
201906 -0.220 108.070 -0.263
201909 0.550 108.329 0.657
201912 0.450 108.420 0.537
202003 0.300 108.902 0.357
202006 0.810 108.767 0.964
202009 1.150 109.815 1.355
202012 1.250 109.897 1.472
202103 1.350 111.754 1.563
202106 1.370 114.631 1.547
202109 1.310 115.734 1.465
202112 1.430 117.630 1.573
202203 1.010 121.301 1.078
202206 0.940 125.017 0.973
202209 1.080 125.227 1.116
202212 0.450 125.222 0.465
202303 0.270 127.348 0.274
202306 -1.670 128.729 -1.679
202309 0.120 129.860 0.120
202312 -0.180 129.419 -0.180

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


HomeStreet  (NAS:HMST) 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.

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

Shiller PE Ratio=Share Price/E10
=10.33/2.58
=4.00

* 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 HomeStreet was 18.91. The lowest was 1.73. And the median was 12.17.


Be Aware

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


HomeStreet E10 Related Terms

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


HomeStreet (HomeStreet) Business Description

Traded in Other Exchanges
N/A
Address
601 Union Street, Suite 2000, Seattle, WA, USA, 98101
HomeStreet Inc is a commercial bank. It provides commercial and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.
Executives
Diane P Novak officer: EVP, CHIEF RISK OFFICER 601 UNION ST, SUITE 2000, SEATTLE WA 98101
Sidney Craig Tompkins director 5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230
John Michel officer: EVP, Chief Financial Officer 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
David L Parr officer: EVP, DIR. OF COMM'L BANKING 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
William Endresen officer: EVP, Comm'l RE (Interim) 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Scott M Boggs director
Erik D Hand officer: EVP, Mortgage Lending Director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Mark Robert Patterson director 602 UNION STREET, SUITE 2000, SEATTLE WA 98101
Troy Harper officer: EVP & CIO 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Amen Darrell Van officer: SVP, Treasurer 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Douglas Irvine Smith director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Joanne R Harrell director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Jay C Iseman officer: EVP - Chief Credit Officer 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Sandra A Cavanaugh director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Godfrey B Evans officer: EVP - General Counsel 601 UNION STREET, SUITE 2000, SEATTLE WA 98101