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Huntington Bancshares (MEX:HBAN) E10 : MXN17.20 (As of Mar. 2024)


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What is Huntington Bancshares 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.

Huntington Bancshares's adjusted earnings per share data for the three months ended in Mar. 2024 was MXN4.315. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN17.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Huntington Bancshares's average E10 Growth Rate was 5.30% per year. During the past 3 years, the average E10 Growth Rate was 9.10% 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 Huntington Bancshares was 9.40% per year. The lowest was -128.90% per year. And the median was 3.70% per year.

As of today (2024-06-24), Huntington Bancshares's current stock price is MXN200.00. Huntington Bancshares's E10 for the quarter that ended in Mar. 2024 was MXN17.20. Huntington Bancshares's Shiller PE Ratio of today is 11.63.

During the past 13 years, the highest Shiller PE Ratio of Huntington Bancshares was 290.33. The lowest was 8.00. And the median was 13.66.


Huntington Bancshares E10 Historical Data

The historical data trend for Huntington Bancshares'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.

Huntington Bancshares E10 Chart

Huntington Bancshares 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 14.93 17.92 20.87 23.06 18.40

Huntington Bancshares 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 25.85 27.33 22.69 18.40 17.20

Competitive Comparison of Huntington Bancshares's E10

For the Banks - Regional subindustry, Huntington Bancshares'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.


Huntington Bancshares's Shiller PE Ratio Distribution in the Banks Industry

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

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



Huntington Bancshares 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, Huntington Bancshares'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)
=4.315/131.7762*131.7762
=4.315

Current CPI (Mar. 2024) = 131.7762.

Huntington Bancshares Quarterly Data

per share eps CPI Adj_EPS
201406 2.464 100.560 3.229
201409 2.417 100.428 3.171
201412 2.802 99.070 3.727
201503 2.897 99.621 3.832
201506 3.609 100.684 4.723
201509 3.042 100.392 3.993
201512 3.611 99.792 4.768
201603 3.443 100.470 4.516
201606 3.514 101.688 4.554
201609 2.127 101.861 2.752
201612 3.711 101.863 4.801
201703 3.201 102.862 4.101
201706 4.157 103.349 5.300
201709 4.174 104.136 5.282
201712 7.267 104.011 9.207
201803 5.087 105.290 6.367
201806 5.895 106.317 7.307
201809 6.173 106.507 7.638
201812 5.694 105.998 7.079
201903 6.207 107.251 7.626
201906 6.339 108.070 7.730
201909 6.712 108.329 8.165
201912 5.281 108.420 6.419
202003 0.703 108.902 0.851
202006 3.001 108.767 3.636
202009 5.965 109.815 7.158
202012 5.371 109.897 6.440
202103 9.812 111.754 11.570
202106 -0.995 114.631 -1.144
202109 4.524 115.734 5.151
202112 5.334 117.630 5.975
202203 5.774 121.301 6.273
202206 7.041 125.017 7.422
202209 7.845 125.227 8.255
202212 8.188 125.222 8.617
202303 7.030 127.348 7.274
202306 6.000 128.729 6.142
202309 6.097 129.860 6.187
202312 2.546 129.419 2.592
202403 4.315 131.776 4.315

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


Huntington Bancshares  (MEX:HBAN) 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.

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

Shiller PE Ratio=Share Price/E10
=200.00/17.2
=11.63

* 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 Huntington Bancshares was 290.33. The lowest was 8.00. And the median was 13.66.


Be Aware

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


Huntington Bancshares E10 Related Terms

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


Huntington Bancshares (MEX:HBAN) Business Description

Address
41 South High Street, Huntington Center, Columbus, OH, USA, 43287
Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. The bank has a network of branches and ATMs across eight Midwestern states. Founded in 1866, Huntington National Bank and its affiliates provide consumer, small-business, commercial, treasury management, wealth management, brokerage, trust, and insurance services. Huntington also provides auto dealer, equipment finance, national settlement, and capital market services that extend beyond its core states.