Switch to:

UnitedHealth Group E10

: $8.09 (As of Dec. 2019)
View and export this data going back to 1984. Start your Free Trial

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.

UnitedHealth Group's adjusted earnings per share data for the three months ended in Dec. 2019 was $3.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $8.09 for the trailing ten years ended in Dec. 2019.

As of today (2020-02-26), UnitedHealth Group's current stock price is $263.00. UnitedHealth Group's E10 for the quarter that ended in Dec. 2019 was $8.09. UnitedHealth Group's Shiller PE Ratio of today is 32.51.

During the past 13 years, the highest Shiller PE Ratio of UnitedHealth Group was 42.47. The lowest was 9.37. And the median was 20.72.


UnitedHealth Group 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.

UnitedHealth Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.55 5.03 5.85 6.90 8.09

UnitedHealth Group Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 6.90 7.23 7.56 7.82 8.09

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.


UnitedHealth Group E10 Distribution

* The bar in red indicates where UnitedHealth Group's E10 falls into.



UnitedHealth Group 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, UnitedHealth Group's adjusted earnings per share data for the three months ended in Dec. 2019 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=3.68/257.14*257.14
=3.680

Current CPI (Dec. 2019) = 257.14.

UnitedHealth Group Quarterly Data

per share eps CPI Adj_EPS
201003 1.030 217.630 1.217
201006 0.990 217.970 1.168
201009 1.140 218.440 1.342
201012 0.950 219.180 1.115
201103 1.220 223.470 1.404
201106 1.160 225.720 1.321
201109 1.170 226.890 1.326
201112 1.170 225.670 1.333
201203 1.310 229.390 1.468
201206 1.270 229.480 1.423
201209 1.500 231.410 1.667
201212 1.200 229.600 1.344
201303 1.160 232.770 1.281
201306 1.400 233.500 1.542
201309 1.530 234.150 1.680
201312 1.410 233.050 1.556
201403 1.100 236.290 1.197
201406 1.420 238.340 1.532
201409 1.630 238.030 1.761
201412 1.550 234.810 1.697
201503 1.460 236.120 1.590
201506 1.640 238.640 1.767
201509 1.650 237.940 1.783
201512 1.260 236.530 1.370
201603 1.670 238.130 1.803
201606 1.810 241.020 1.931
201609 2.030 241.430 2.162
201612 1.960 241.430 2.088
201703 2.230 243.800 2.352
201706 2.320 244.960 2.435
201709 2.510 246.820 2.615
201712 3.650 246.520 3.807
201803 2.870 249.550 2.957
201806 2.980 251.990 3.041
201809 3.240 252.440 3.300
201812 3.100 251.230 3.173
201903 3.560 254.200 3.601
201906 3.420 256.140 3.433
201909 3.670 256.760 3.675
201912 3.680 257.140 3.680

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


UnitedHealth Group  (NYSE:UNH) 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.

UnitedHealth Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=263.00/8.09
=32.51

* 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 UnitedHealth Group was 42.47. The lowest was 9.37. And the median was 20.72.


Be Aware

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


UnitedHealth Group E10 Related Terms

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
/* */