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Howard Hughes Holdings (FRA:HHE0) E10 : €0.45 (As of Mar. 2024)


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What is Howard Hughes 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.

Howard Hughes Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was €-0.975. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.45 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Howard Hughes Holdings's average E10 Growth Rate was -57.60% 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.

As of today (2024-05-22), Howard Hughes Holdings's current stock price is €61.50. Howard Hughes Holdings's E10 for the quarter that ended in Mar. 2024 was €0.45. Howard Hughes Holdings's Shiller PE Ratio of today is 136.67.

During the past 13 years, the highest Shiller PE Ratio of Howard Hughes Holdings was 1071.44. The lowest was 52.37. And the median was 151.90.


Howard Hughes Holdings E10 Historical Data

The historical data trend for Howard Hughes 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.

Howard Hughes Holdings E10 Chart

Howard Hughes 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 -0.21 -0.11 0.20 1.05 0.26

Howard Hughes 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 1.06 1.27 0.29 0.26 0.45

Competitive Comparison of Howard Hughes Holdings's E10

For the Real Estate - Diversified subindustry, Howard Hughes 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.


Howard Hughes Holdings's Shiller PE Ratio Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Howard Hughes Holdings's Shiller PE Ratio distribution charts can be found below:

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



Howard Hughes 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, Howard Hughes 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)
=-0.975/131.7762*131.7762
=-0.975

Current CPI (Mar. 2024) = 131.7762.

Howard Hughes Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 -0.272 100.560 -0.356
201409 0.372 100.428 0.488
201412 0.657 99.070 0.874
201503 -2.476 99.621 -3.275
201506 0.160 100.684 0.209
201509 0.677 100.392 0.889
201512 0.542 99.792 0.716
201603 2.416 100.470 3.169
201606 0.142 101.688 0.184
201609 0.169 101.861 0.219
201612 0.967 101.863 1.251
201703 0.122 102.862 0.156
201706 0.062 103.349 0.079
201709 0.201 104.136 0.254
201712 2.924 104.011 3.705
201803 0.024 105.290 0.030
201806 -0.103 106.317 -0.128
201809 0.463 106.507 0.573
201812 0.756 105.998 0.940
201903 0.655 107.251 0.805
201906 0.274 108.070 0.334
201909 0.627 108.329 0.763
201912 -0.027 108.420 -0.033
202003 -2.606 108.902 -3.153
202006 -0.542 108.767 -0.657
202009 2.131 109.815 2.557
202012 -0.099 109.897 -0.119
202103 -1.008 111.754 -1.189
202106 0.075 114.631 0.086
202109 0.060 115.734 0.068
202112 1.850 117.630 2.072
202203 0.036 121.301 0.039
202206 0.397 125.017 0.418
202209 2.212 125.227 2.328
202212 1.010 125.222 1.063
202303 -0.430 127.348 -0.445
202306 -0.360 128.729 -0.369
202309 -10.279 129.860 -10.431
202312 0.633 129.419 0.645
202403 -0.975 131.776 -0.975

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


Howard Hughes Holdings  (FRA:HHE0) 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.

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

Shiller PE Ratio=Share Price/E10
=61.50/0.45
=136.67

* 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 Howard Hughes Holdings was 1071.44. The lowest was 52.37. And the median was 151.90.


Be Aware

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


Howard Hughes Holdings E10 Related Terms

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


Howard Hughes Holdings (FRA:HHE0) Business Description

Traded in Other Exchanges
Address
9950 Woodloch Forest Drive, Suite 1100, 11th Floor, The Woodlands, TX, USA, 77380
Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA. Its portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.

Howard Hughes Holdings (FRA:HHE0) Headlines

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