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Honeywell International (MEX:HON) E10 : MXN173.17 (As of Dec. 2024)


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What is Honeywell International 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.

Honeywell International's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN40.877. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN173.17 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Honeywell International's average E10 Growth Rate was 5.10% per year. During the past 3 years, the average E10 Growth Rate was 7.10% per year. During the past 5 years, the average E10 Growth Rate was 9.40% per year. During the past 10 years, the average E10 Growth Rate was 9.70% 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 Honeywell International was 26.90% per year. The lowest was 1.90% per year. And the median was 9.45% per year.

As of today (2025-03-14), Honeywell International's current stock price is MXN4167.64. Honeywell International's E10 for the quarter that ended in Dec. 2024 was MXN173.17. Honeywell International's Shiller PE Ratio of today is 24.07.

During the past 13 years, the highest Shiller PE Ratio of Honeywell International was 38.24. The lowest was 20.72. And the median was 27.82.


Honeywell International E10 Historical Data

The historical data trend for Honeywell International'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.

Honeywell International E10 Chart

Honeywell International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.41 138.42 144.55 132.94 173.17

Honeywell International Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 132.94 132.57 149.24 161.95 173.17

Competitive Comparison of Honeywell International's E10

For the Conglomerates subindustry, Honeywell International'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.


Honeywell International's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Honeywell International's Shiller PE Ratio distribution charts can be found below:

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



Honeywell International 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, Honeywell International's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=40.877/133.1571*133.1571
=40.877

Current CPI (Dec. 2024) = 133.1571.

Honeywell International Quarterly Data

per share eps CPI Adj_EPS
201503 21.495 99.621 28.731
201506 23.692 100.684 31.333
201509 27.037 100.392 35.861
201512 26.308 99.792 35.104
201603 26.854 100.470 35.591
201606 31.439 101.688 41.168
201609 30.937 101.861 40.442
201612 27.627 101.863 36.115
201703 32.198 102.862 41.681
201706 32.537 103.349 41.921
201709 31.578 104.136 40.378
201712 -62.454 104.011 -79.955
201803 34.337 105.290 43.425
201806 33.011 106.317 41.345
201809 58.173 106.507 72.729
201812 45.357 105.998 56.979
201903 37.244 107.251 46.240
201906 40.339 108.070 49.703
201909 44.025 108.329 54.115
201912 40.738 108.420 50.033
202003 51.820 108.902 63.362
202006 35.316 108.767 43.235
202009 23.637 109.815 28.661
202012 37.994 109.897 46.036
202103 41.495 111.754 49.442
202106 40.608 114.631 47.171
202109 37.012 115.734 42.584
202112 42.054 117.630 47.605
202203 32.654 121.301 35.846
202206 37.017 125.017 39.427
202209 45.862 125.227 48.766
202212 29.439 125.222 31.305
202303 37.312 127.348 39.014
202306 38.059 128.729 39.368
202309 39.541 129.860 40.545
202312 32.421 129.419 33.357
202403 37.010 131.776 37.398
202406 43.235 132.554 43.432
202409 42.531 133.029 42.572
202412 40.877 133.157 40.877

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


Honeywell International  (MEX:HON) 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.

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

Shiller PE Ratio=Share Price/E10
=4167.64/173.17
=24.07

* 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 Honeywell International was 38.24. The lowest was 20.72. And the median was 27.82.


Be Aware

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


Honeywell International E10 Related Terms

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


Honeywell International Business Description

Address
855 South Mint Street, Charlotte, NC, USA, 28202
Honeywell traces its roots to 1885 with Albert Butz's firm, Butz Thermo-Electric Regulator, which produced a predecessor to the modern thermostat. Other inventions by Honeywell include biodegradable detergent and autopilot. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. It operates through four business segments: aerospace technologies (37% of 2023 company revenue), industrial automation (29%), energy and sustainability solutions (17%), and building automation (17%). Recently, Honeywell has made several portfolio changes to focus on fewer end markets and align with a set of secular growth trends. The firm is working diligently to expand its installed base, deriving around 30% of its revenue from recurring aftermarket services.