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Huntington Bancshares E10

: $0.94 (As of Mar. 2021)
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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. 2021 was $0.480. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.94 for the trailing ten years ended in Mar. 2021.

As of today (2021-05-18), Huntington Bancshares's current stock price is $15.955. Huntington Bancshares's E10 for the quarter that ended in Mar. 2021 was $0.94. Huntington Bancshares's Shiller PE Ratio of today is 16.97.

During the past 13 years, the highest Shiller PE Ratio of Huntington Bancshares was 290.33. The lowest was 8.13. And the median was 27.77.


Huntington Bancshares E10 Historical Data

* 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 Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.48 -0.42 -0.25 0.85 0.91

Huntington Bancshares Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
E10 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 Premium Member Only Premium Member Only Premium Member Only 0.84 0.86 0.88 0.91 0.94

Competitive Comparison
* 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.


Huntington Bancshares E10 Distribution

* The bar in red indicates where Huntington Bancshares's E10 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. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2021 (Change)*Current CPI (Mar. 2021)
=0.48/110.9684*110.9684
=0.480

Current CPI (Mar. 2021) = 110.9684.

Huntington Bancshares Quarterly Data

per share eps CPI Adj_EPS
201106 0.160 95.319 0.186
201109 0.160 95.529 0.186
201112 0.140 95.632 0.162
201203 0.170 97.075 0.194
201206 0.170 96.661 0.195
201209 0.190 97.595 0.216
201212 0.190 97.158 0.217
201303 0.170 98.107 0.192
201306 0.170 98.557 0.191
201309 0.200 98.536 0.225
201312 0.180 98.692 0.202
201403 0.170 100.023 0.189
201406 0.190 100.520 0.210
201409 0.180 100.176 0.199
201412 0.190 98.604 0.214
201503 0.190 99.824 0.211
201506 0.230 100.691 0.253
201509 0.180 100.346 0.199
201512 0.210 99.957 0.233
201603 0.200 100.947 0.220
201606 0.190 101.524 0.208
201609 0.110 101.988 0.120
201612 0.180 102.456 0.195
201703 0.170 103.167 0.183
201706 0.230 103.278 0.247
201709 0.230 104.070 0.245
201712 0.370 104.578 0.393
201803 0.280 105.708 0.294
201806 0.300 106.324 0.313
201809 0.330 106.695 0.343
201812 0.290 106.200 0.303
201903 0.320 107.818 0.329
201906 0.330 108.250 0.338
201909 0.340 108.577 0.347
201912 0.280 108.841 0.285
202003 0.030 108.173 0.031
202006 0.130 109.318 0.132
202009 0.270 109.861 0.273
202012 0.270 110.364 0.271
202103 0.480 110.968 0.480

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


Huntington Bancshares  (NAS: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
=15.955/0.94
=16.97

* 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 8.13. And the median was 27.77.


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


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