Honda Motor Co (MEX:HMCN) E10: MXN43.88 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:HMCN Honda Motor Co Ltd MEX:HMCN
60 GF Score
Price MXN527.00
GF Value MXN547.27
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Honda Motor Co E10?

Honda Motor Co MEX:HMCN 60 E10 is MXN43.88 as of Jun. 2026. GuruFocus rates MEX:HMCN with a GF Score™ of 60/100 and a GF Value™ of MXN547.27 (Fairly Valued). The stock has 7 warning signs investors should review.

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.

Honda Motor Co's adjusted earnings per share data for the three months ended in Jun. 2026 was MXN37.718. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN43.88 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Honda Motor Co's average E10 Growth Rate was -100.00% per year. During the past 3 years, the average E10 Growth Rate was 2.80% per year. During the past 5 years, the average E10 Growth Rate was 6.60% per year. During the past 10 years, the average E10 Growth Rate was 5.80% 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 Honda Motor Co was 21.50% per year. The lowest was -1.80% per year. And the median was 6.80% per year.

As of today (2026-08-10), Honda Motor Co's current stock price is MXN527.00. Honda Motor Co's E10 for the quarter that ended in Jun. 2026 was MXN43.88. Honda Motor Co's Shiller PE Ratio of today is 12.01.

During the past 13 years, the highest Shiller PE Ratio of Honda Motor Co was 14.63. The lowest was 7.03. And the median was 10.59.


Honda Motor Co  (MEX:HMCN) 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.

Honda Motor Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=527.00/43.88
=12.01

* 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 Honda Motor Co was 14.63. The lowest was 7.03. And the median was 10.59.


Be Aware

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


Honda Motor Co E10 Related Terms


Honda Motor Co E10 Historical Data

* Premium members only.

The historical data trend for Honda Motor Co'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.

Honda Motor Co E10 Chart

Honda Motor Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.26 48.97 44.22 66.15 47.36

Honda Motor Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 62.85 61.16 53.28 47.36 43.88

MEX:HMCN vs TSLA, GM, F: E10 Comparison

For the Auto Manufacturers subindustry, Honda Motor Co'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.


Honda Motor Co Shiller PE Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Motor Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Honda Motor Co's Shiller PE Ratio falls into.


MEX:HMCN
60GF Score
Honda Motor Co Ltd MEX:HMCN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Honda Motor Co 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, Honda Motor Co's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=37.718/113.6000*113.6000
=37.718

Current CPI (Jun. 2026) = 113.6000.

Honda Motor Co Quarterly Data

per share eps CPI Adj_EPS
201609 18.666 98.000 21.637
201612 16.649 98.400 19.221
201703 8.878 98.100 10.281
201706 18.748 98.500 21.622
201709 15.817 98.800 18.186
201712 55.385 99.400 63.297
201803 10.380 99.200 11.887
201806 24.592 99.200 28.162
201809 19.967 99.900 22.705
201812 16.732 99.700 19.065
201903 -1.292 99.700 -1.472
201906 17.405 99.800 19.812
201909 20.506 100.100 23.272
201912 11.473 100.500 12.968
202003 -3.704 100.300 -4.195
202006 -10.050 99.900 -11.428
202009 29.192 99.900 33.195
202012 31.528 99.300 36.068
202103 23.232 99.900 26.418
202106 23.298 99.500 26.600
202109 18.023 100.100 20.454
202112 20.259 100.100 22.991
202203 12.261 101.100 13.777
202206 13.100 101.800 14.618
202209 15.562 103.100 17.147
202212 20.878 104.100 22.783
202303 5.615 104.400 6.110
202306 26.568 105.200 28.689
202309 18.199 106.200 19.467
202312 18.405 106.800 19.577
202403 16.317 107.200 17.291
202406 28.483 108.200 29.905
202409 8.859 108.900 9.241
202412 27.026 110.700 27.734
202503 3.805 111.100 3.891
202506 18.297 111.700 18.608
202509 10.980 112.000 11.137
202512 13.591 113.000 13.663
202603 -75.544 112.700 -76.147
202606 37.718 113.600 37.718

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN43.88 mean?
Honda Motor Co (MEX:HMCN) has a E10 of MXN43.88 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Honda Motor Co and its competitors.
Is Honda Motor Co's E10 too high?
Honda Motor Co's current E10 is MXN43.88. Overall, Honda Motor Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Honda Motor Co's E10 compare to TSLA and GM?
Honda Motor Co's E10 of MXN43.88 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Vehicles & Parts company?
A good E10 depends on the Vehicles & Parts industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Honda Motor Co and its competitors. Honda Motor Co's current E10 is MXN43.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Motor Co stock overvalued right now?
Based on GuruFocus' analysis, Honda Motor Co (MEX:HMCN) is currently considered Fairly Valued. The stock's GF Value™ is MXN547.27, compared to a current price of MXN527.00 — trading 3.7% below its estimated fair value. The current E10 is MXN43.88. Honda Motor Co's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Honda Motor Co (MEX:HMCN), the current E10 is MXN43.88 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Honda Motor Co (MEX:HMCN) Overvalued in 2026?

Based on GuruFocus' analysis, Honda Motor Co stock appears to be undervalued. The current stock price of MXN527.00 is trading 3.7% below its estimated GF Value™ of MXN547.27. GuruFocus considers Honda Motor Co to be Fairly Valued.

Key valuation signals for MEX:HMCN:

  • E10: MXN43.88
  • GF Value™: MXN547.27 vs. price of MXN527.00 (3.7% below fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the MEX:HMCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Honda Motor Co Business Description

Address Toranomon 2-chome, No.2-3, Minato-ku, Tokyo, JPN, 105-8404
Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 3.4 million light vehicles and 22.1 million motorcycles in fiscal 2026, and consolidated sales were JPY 21.8 trillion. Automobiles constitute 64% of revenue and motorcycles 18%, with the rest split between power products and financial services. Honda also makes robots and private jets.
60GF Score

Get the complete analysis for MEX:HMCN

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN527.00
Price
MXN547.27
GF Value