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Hydro One (TSX:H) E10 : C$697.00 (As of Dec. 2024)


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What is Hydro One 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.

Hydro One's adjusted earnings per share data for the three months ended in Dec. 2024 was C$0.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$697.00 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Hydro One's average E10 Growth Rate was -52.40% per year. During the past 3 years, the average E10 Growth Rate was -39.50% per year. During the past 5 years, the average E10 Growth Rate was -29.60% 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 Hydro One was -9.00% per year. The lowest was -39.50% per year. And the median was -18.20% per year.

As of today (2025-03-02), Hydro One's current stock price is C$46.34. Hydro One's E10 for the quarter that ended in Dec. 2024 was C$697.00. Hydro One's Shiller PE Ratio of today is 0.07.

During the past 13 years, the highest Shiller PE Ratio of Hydro One was 0.07. The lowest was 0.01. And the median was 0.01.


Hydro One E10 Historical Data

The historical data trend for Hydro One'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.

Hydro One E10 Chart

Hydro One 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 3,743.52 3,153.98 2,415.84 1,464.53 697.00

Hydro One 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 1,464.53 1,171.15 1,182.90 959.22 697.00

Competitive Comparison of Hydro One's E10

For the Utilities - Regulated Electric subindustry, Hydro One'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.


Hydro One's Shiller PE Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hydro One's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Hydro One's Shiller PE Ratio falls into.



Hydro One 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, Hydro One'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)
=0.33/127.3637*127.3637
=0.330

Current CPI (Dec. 2024) = 127.3637.

Hydro One Quarterly Data

per share eps CPI Adj_EPS
201503 2,280.000 99.789 2,910.024
201506 1,310.000 100.500 1,660.157
201509 1,880.000 100.421 2,384.390
201512 0.240 99.947 0.306
201603 0.350 101.054 0.441
201606 0.250 102.002 0.312
201609 0.390 101.765 0.488
201612 0.210 101.449 0.264
201703 0.280 102.634 0.347
201706 0.200 103.029 0.247
201709 0.370 103.345 0.456
201712 0.260 103.345 0.320
201803 0.370 105.004 0.449
201806 0.330 105.557 0.398
201809 0.320 105.636 0.386
201812 -1.180 105.399 -1.426
201903 0.290 106.979 0.345
201906 0.260 107.690 0.307
201909 0.400 107.611 0.473
201912 0.350 107.769 0.414
202003 0.380 107.927 0.448
202006 1.840 108.401 2.162
202009 0.470 108.164 0.553
202012 0.270 108.559 0.317
202103 0.450 110.298 0.520
202106 0.400 111.720 0.456
202109 0.500 112.905 0.564
202112 0.260 113.774 0.291
202203 0.520 117.646 0.563
202206 0.420 120.806 0.443
202209 0.510 120.648 0.538
202212 0.300 120.964 0.316
202303 0.470 122.702 0.488
202306 0.440 124.203 0.451
202309 0.590 125.230 0.600
202312 0.300 125.072 0.305
202403 0.490 126.258 0.494
202406 0.490 127.522 0.489
202409 0.620 127.285 0.620
202412 0.330 127.364 0.330

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


Hydro One  (TSX:H) 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.

Hydro One's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=46.34/697.00
=0.07

* 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 Hydro One was 0.07. The lowest was 0.01. And the median was 0.01.


Be Aware

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


Hydro One E10 Related Terms

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


Hydro One Business Description

Traded in Other Exchanges
Address
483 Bay Street, South Tower, 8th Floor, Toronto, ON, CAN, M5G 2P5
Hydro One operates regulated transmission and distribution assets in Ontario. The area's largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company's rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.
Executives
Stacey Mowbray Director
Jason Kells Fitzsimmons Senior Officer
William H. Sheffield Director
Darlene Ann Bradley Senior Officer