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WKHS (Workhorse Group) E10 : $-239.93 (As of Mar. 2025)


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What is Workhorse Group 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.

Workhorse Group's adjusted earnings per share data for the three months ended in Mar. 2025 was $-4.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-239.93 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average E10 Growth Rate was 0.20% per year. During the past 5 years, the average E10 Growth Rate was 2.90% 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 Workhorse Group was 11.30% per year. The lowest was -2.70% per year. And the median was 7.70% per year.

As of today (2025-07-15), Workhorse Group's current stock price is $2.13. Workhorse Group's E10 for the quarter that ended in Mar. 2025 was $-239.93. Workhorse Group's Shiller PE Ratio of today is .


Workhorse Group E10 Historical Data

The historical data trend for Workhorse Group'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.

Workhorse Group E10 Chart

Workhorse Group 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 -225.10 -241.89 -243.88 -243.99 -240.66

Workhorse Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 -247.54 -247.46 -246.26 -240.66 -239.93

Competitive Comparison of Workhorse Group's E10

For the Auto Manufacturers subindustry, Workhorse Group'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.


Workhorse Group's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Workhorse Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Workhorse Group's Shiller PE Ratio falls into.


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Workhorse 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.

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, Workhorse Group's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-4.68/134.9266*134.9266
=-4.680

Current CPI (Mar. 2025) = 134.9266.

Workhorse Group Quarterly Data

per share eps CPI Adj_EPS
201506 -30.000 100.684 -40.203
201509 -60.000 100.392 -80.640
201512 -47.500 99.792 -64.223
201603 -57.500 100.470 -77.220
201606 -35.000 101.688 -46.440
201609 -62.500 101.861 -82.788
201612 -63.248 101.863 -83.778
201703 -60.000 102.862 -78.703
201706 -65.000 103.349 -84.860
201709 -87.500 104.136 -113.372
201712 -60.000 104.011 -77.834
201803 -40.000 105.290 -51.259
201806 -45.000 106.317 -57.109
201809 -30.000 106.507 -38.005
201812 -80.000 105.998 -101.833
201903 -27.500 107.251 -34.596
201906 -82.500 108.070 -103.003
201909 -42.500 108.329 -52.935
201912 2.441 108.420 3.038
202003 15.000 108.902 18.585
202006 -440.000 108.767 -545.823
202009 -195.000 109.815 -239.591
202012 805.000 109.897 988.345
202103 -260.000 111.754 -313.911
202106 -87.500 114.631 -102.992
202109 -165.000 115.734 -192.362
202112 -282.500 117.630 -324.041
202203 -37.500 121.301 -41.712
202206 -32.500 125.017 -35.076
202209 -55.000 125.227 -59.260
202212 -60.000 125.222 -64.650
202303 -37.500 127.348 -39.732
202306 -30.000 128.729 -31.444
202309 -35.500 129.860 -36.885
202312 -45.825 129.419 -47.775
202403 -24.090 131.776 -24.666
202406 -17.500 132.554 -17.813
202409 -12.250 133.029 -12.425
202412 -5.511 133.157 -5.584
202503 -4.680 134.927 -4.680

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


Workhorse Group  (NAS:WKHS) 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.


Be Aware

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


Workhorse Group E10 Related Terms

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


Workhorse Group Business Description

Traded in Other Exchanges
Address
3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241
Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
Executives
Richard F Dauch director, officer: Chief Executive Officer C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Ryan Wesley Gaul officer: President, Commercial Vehicles 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
James Peters officer: VP, Supply Chain Management 100 COMMERCE STREET, LOVELAND OH 45140
Stanley Raymond March officer: VP, Business Development 100 COMMERCE DRIVE, LOVELAND OH 45140
Robert M Ginnan officer: Chief Financial Officer
Joshua Joseph Anderson officer: Chief Technology Officer 100 COMMERCE DRIVE, LOVELAND OH 45140
James D. Harrington officer: Chief Administrative Officer 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Jean Botti director 3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE OH 45241
Brandon Torres Declet director C/O MEASURE GLOBAL INC., 1701 RHODE ISLAND AVENUE NW, STE 05-103, WASHINGTON DC 20036
Michael Laurence Clark director 828 PRESIDENT STREET, BROOKLYN NY 11215
Jacqueline A Dedo director 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Raymond Joseph Chess director 1084 ANDANTE CT, OXFORD MI 48370
Harry Demott director C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Austin Scott Miller director 100 COMMERCE STREET, LOVELAND OH 45140
Pamela S. Mader director 2522 N 600 E, CRAIGVILLE IN 46731