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OneMain Holdings (OneMain Holdings) E10 : $5.16 (As of Mar. 2024)


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What is OneMain Holdings 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.

OneMain Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $5.16 for the trailing ten years ended in Mar. 2024.

During the past 12 months, OneMain Holdings's average E10 Growth Rate was 14.70% per year. During the past 3 years, the average E10 Growth Rate was 38.80% 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 OneMain Holdings was 38.80% per year. The lowest was 38.80% per year. And the median was 38.80% per year.

As of today (2024-05-28), OneMain Holdings's current stock price is $48.35. OneMain Holdings's E10 for the quarter that ended in Mar. 2024 was $5.16. OneMain Holdings's Shiller PE Ratio of today is 9.37.

During the past 13 years, the highest Shiller PE Ratio of OneMain Holdings was 30.33. The lowest was 7.27. And the median was 13.13.


OneMain Holdings E10 Historical Data

The historical data trend for OneMain Holdings'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.

OneMain Holdings E10 Chart

OneMain Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.87 3.15 4.27 5.00

OneMain Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.50 4.57 4.89 5.00 5.16

Competitive Comparison of OneMain Holdings's E10

For the Credit Services subindustry, OneMain Holdings'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.


OneMain Holdings's Shiller PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, OneMain Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where OneMain Holdings's Shiller PE Ratio falls into.



OneMain Holdings 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, OneMain Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.29/131.7762*131.7762
=1.290

Current CPI (Mar. 2024) = 131.7762.

OneMain Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.630 100.560 0.826
201409 3.700 100.428 4.855
201412 -0.410 99.070 -0.545
201503 0.000 99.621 0.000
201506 -0.090 100.684 -0.118
201509 -0.100 100.392 -0.131
201512 -1.630 99.792 -2.152
201603 1.010 100.470 1.325
201606 0.190 101.688 0.246
201609 0.190 101.861 0.246
201612 0.200 101.863 0.259
201703 0.250 102.862 0.320
201706 0.300 103.349 0.383
201709 0.510 104.136 0.645
201712 0.290 104.011 0.367
201803 0.910 105.290 1.139
201806 0.050 106.317 0.062
201809 1.090 106.507 1.349
201812 1.237 105.998 1.538
201903 1.110 107.251 1.364
201906 1.420 108.070 1.731
201909 1.820 108.329 2.214
201912 1.910 108.420 2.321
202003 0.240 108.902 0.290
202006 0.660 108.767 0.800
202009 1.860 109.815 2.232
202012 2.670 109.897 3.202
202103 3.060 111.754 3.608
202106 2.600 114.631 2.989
202109 2.170 115.734 2.471
202112 2.020 117.630 2.263
202203 2.380 121.301 2.586
202206 1.670 125.017 1.760
202209 1.490 125.227 1.568
202212 1.480 125.222 1.557
202303 1.480 127.348 1.531
202306 0.850 128.729 0.870
202309 1.610 129.860 1.634
202312 1.378 129.419 1.403
202403 1.290 131.776 1.290

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


OneMain Holdings  (NYSE:OMF) 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.

OneMain Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=48.35/5.16
=9.37

* 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 OneMain Holdings was 30.33. The lowest was 7.27. And the median was 13.13.


Be Aware

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


OneMain Holdings E10 Related Terms

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


OneMain Holdings (OneMain Holdings) Business Description

Traded in Other Exchanges
Address
601 N.W. Second Street, Evansville, IN, USA, 47708
OneMain Holdings is engaged in nonprime consumer finance companies in the United States and one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has a significant online business. The main source of revenue is net interest income.
Executives
Rajive Chadha officer: Chief Operating Officer & EVP C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Douglas H. Shulman director, officer: President and CEO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Toos Daruvala director 12 SYCAMORE ROAD, SCARSDALE NY 10583
Philip Bronner director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Uniform Investco Sub L.p. other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Apollo Management Holdings Gp, Llc 10 percent owner 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Phyllis R Caldwell director AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
George G Hicks other: See Remarks 901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Jay N. Levine director, officer: President and CEO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Lisa Green Hall director C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Micah R. Conrad officer: EVP and CFO C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Richard A Smith director 175 PARK AVENUE, MADISON NJ 07940
Varde Investment Partners Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Skyway Fund Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Credit Partners Ugp, Llc other: See Remarks C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402