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D.R. Horton (MEX:DHI) E10 : MXN171.98 (As of Sep. 2024)


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What is D.R. Horton 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.

D.R. Horton's adjusted earnings per share data for the three months ended in Sep. 2024 was MXN77.186. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN171.98 for the trailing ten years ended in Sep. 2024.

During the past 12 months, D.R. Horton's average E10 Growth Rate was 19.60% per year. During the past 3 years, the average E10 Growth Rate was 27.90% per year. During the past 5 years, the average E10 Growth Rate was 32.30% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of D.R. Horton was 120.40% per year. The lowest was -33.30% per year. And the median was 19.10% per year.

As of today (2024-12-13), D.R. Horton's current stock price is MXN3549.00. D.R. Horton's E10 for the quarter that ended in Sep. 2024 was MXN171.98. D.R. Horton's Shiller PE Ratio of today is 20.64.

During the past 13 years, the highest Shiller PE Ratio of D.R. Horton was 287.36. The lowest was 11.49. And the median was 23.07.


D.R. Horton E10 Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton E10 Chart

D.R. Horton Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 63.79 87.91 136.27 127.10 171.98

D.R. Horton Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 127.10 98.51 123.92 153.71 171.98

Competitive Comparison of D.R. Horton's E10

For the Residential Construction subindustry, D.R. Horton'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.


D.R. Horton's Shiller PE Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Shiller PE Ratio falls into.



D.R. Horton 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, D.R. Horton's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=77.186/133.0289*133.0289
=77.186

Current CPI (Sep. 2024) = 133.0289.

D.R. Horton Quarterly Data

per share eps CPI Adj_EPS
201412 5.752 99.070 7.724
201503 6.098 99.621 8.143
201506 9.414 100.684 12.438
201509 10.815 100.392 14.331
201512 7.222 99.792 9.627
201603 8.951 100.470 11.852
201606 12.206 101.688 15.968
201609 14.502 101.861 18.939
201612 11.339 101.863 14.808
201703 11.297 102.862 14.610
201706 13.738 103.349 17.683
201709 14.881 104.136 19.010
201712 9.623 104.011 12.308
201803 16.533 105.290 20.889
201806 23.186 106.317 29.011
201809 22.820 106.507 28.503
201812 14.923 105.998 18.729
201903 18.040 107.251 22.376
201906 24.203 108.070 29.793
201909 26.652 108.329 32.729
201912 21.878 108.420 26.844
202003 30.482 108.902 37.235
202006 39.701 108.767 48.557
202009 49.484 109.815 59.945
202012 42.569 109.897 51.529
202103 51.716 111.754 61.561
202106 60.912 114.631 70.688
202109 76.079 115.734 87.448
202112 65.029 117.630 73.542
202203 80.241 121.301 87.999
202206 93.951 125.017 99.972
202209 93.937 125.227 99.790
202212 53.809 125.222 57.164
202303 49.208 127.348 51.403
202306 66.861 128.729 69.095
202309 77.514 129.860 79.406
202312 47.867 129.419 49.202
202403 58.419 131.776 58.974
202406 75.112 132.554 75.381
202409 77.186 133.029 77.186

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


D.R. Horton  (MEX:DHI) 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.

D.R. Horton's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3549.00/171.98
=20.64

* 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 D.R. Horton was 287.36. The lowest was 11.49. And the median was 23.07.


Be Aware

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


D.R. Horton E10 Related Terms

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


D.R. Horton Business Description

Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 125 markets across 36 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.