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Huntington Bancshares E10

: $0.73 (As of Jun. 2019)
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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 Jun. 2019 was $0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.73 for the trailing ten years ended in Jun. 2019.

As of today (2019-10-20), Huntington Bancshares's current stock price is $14.19. Huntington Bancshares's E10 for the quarter that ended in Jun. 2019 was $0.73. Huntington Bancshares's Shiller PE Ratio of today is 19.44.

During the past 13 years, the highest Shiller PE Ratio of Huntington Bancshares was 489.50. The lowest was 1.04. And the median was 22.98.


Huntington Bancshares E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Huntington Bancshares Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.12 -0.25 -0.42 -0.36 -0.19

Huntington Bancshares Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
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 -0.38 -0.37 -0.19 0.65 0.73

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.

For example, Huntington Bancshares's adjusted earnings per share data for the three months ended in Jun. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2019 (Change)*Current CPI (Jun. 2019)
=0.33/256.143*256.143
=0.330

Current CPI (Jun. 2019) = 256.143.

Huntington Bancshares Quarterly Data

per share eps CPI Adj_EPS
200909 -0.330 215.969 -0.391
200912 -0.060 215.949 -0.071
201003 0.010 217.631 0.012
201006 0.030 217.965 0.035
201009 0.100 218.439 0.117
201012 0.050 219.179 0.058
201103 0.140 223.467 0.160
201106 0.160 225.722 0.182
201109 0.160 226.889 0.181
201112 0.140 225.672 0.159
201203 0.170 229.392 0.190
201206 0.170 229.478 0.190
201209 0.190 231.407 0.210
201212 0.190 229.601 0.212
201303 0.170 232.773 0.187
201306 0.170 233.504 0.186
201309 0.200 234.149 0.219
201312 0.180 233.049 0.198
201403 0.170 236.293 0.184
201406 0.190 238.343 0.204
201409 0.180 238.031 0.194
201412 0.190 234.812 0.207
201503 0.190 236.119 0.206
201506 0.230 238.638 0.247
201509 0.180 237.945 0.194
201512 0.210 236.525 0.227
201603 0.200 238.132 0.215
201606 0.190 241.018 0.202
201609 0.110 241.428 0.117
201612 0.180 241.432 0.191
201703 0.170 243.801 0.179
201706 0.230 244.955 0.241
201709 0.230 246.819 0.239
201712 0.370 246.524 0.384
201803 0.280 249.554 0.287
201806 0.300 251.989 0.305
201809 0.330 252.439 0.335
201812 0.290 251.233 0.296
201903 0.320 254.202 0.322
201906 0.330 256.143 0.330

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
=14.19/0.73
=19.44

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of Huntington Bancshares was 489.50. The lowest was 1.04. And the median was 22.98.


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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