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Hawaiian Holdings (Hawaiian Holdings) E10 : $0.18 (As of Mar. 2024)


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What is Hawaiian 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.

Hawaiian Holdings's adjusted earnings per share data for the three months ended in Mar. 2024 was $-2.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.18 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hawaiian Holdings's average E10 Growth Rate was -79.80% per year. During the past 3 years, the average E10 Growth Rate was -36.80% per year. During the past 5 years, the average E10 Growth Rate was -30.70% per year. During the past 10 years, the average E10 Growth Rate was 1.50% 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 Hawaiian Holdings was 142.20% per year. The lowest was -36.80% per year. And the median was 23.10% per year.

As of today (2024-04-28), Hawaiian Holdings's current stock price is $12.27. Hawaiian Holdings's E10 for the quarter that ended in Mar. 2024 was $0.18. Hawaiian Holdings's Shiller PE Ratio of today is 68.17.

During the past 13 years, the highest Shiller PE Ratio of Hawaiian Holdings was 73.00. The lowest was 2.79. And the median was 15.52.


Hawaiian Holdings E10 Historical Data

The historical data trend for Hawaiian 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.

Hawaiian Holdings E10 Chart

Hawaiian 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 3.10 1.70 1.53 1.03 0.43

Hawaiian 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 0.89 0.85 0.67 0.43 0.18

Competitive Comparison of Hawaiian Holdings's E10

For the Airlines subindustry, Hawaiian 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.


Hawaiian Holdings's Shiller PE Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hawaiian Holdings's Shiller PE Ratio distribution charts can be found below:

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



Hawaiian 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, Hawaiian 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)
=-2.65/129.4194*129.4194
=-2.650

Current CPI (Mar. 2024) = 129.4194.

Hawaiian Holdings Quarterly Data

per share eps CPI Adj_EPS
201406 0.430 100.560 0.553
201409 0.560 100.428 0.722
201412 0.170 99.070 0.222
201503 0.400 99.621 0.520
201506 0.790 100.684 1.015
201509 1.150 100.392 1.483
201512 0.660 99.792 0.856
201603 0.950 100.470 1.224
201606 1.480 101.688 1.884
201609 1.910 101.861 2.427
201612 0.200 101.863 0.254
201703 0.620 102.862 0.780
201706 1.430 103.349 1.791
201709 1.340 104.136 1.665
201712 3.290 104.011 4.094
201803 0.560 105.290 0.688
201806 1.560 106.317 1.899
201809 1.840 106.507 2.236
201812 0.640 105.998 0.781
201903 0.750 107.251 0.905
201906 1.210 108.070 1.449
201909 1.700 108.329 2.031
201912 1.070 108.420 1.277
202003 -3.140 108.902 -3.732
202006 -2.330 108.767 -2.772
202009 -2.110 109.815 -2.487
202012 -3.500 109.897 -4.122
202103 -1.230 111.754 -1.424
202106 -0.120 114.631 -0.135
202109 0.280 115.734 0.313
202112 -1.810 117.630 -1.991
202203 -2.600 121.301 -2.774
202206 -0.920 125.017 -0.952
202209 -0.180 125.227 -0.186
202212 -0.980 125.222 -1.013
202303 -1.910 127.348 -1.941
202306 -0.240 128.729 -0.241
202309 -0.940 129.860 -0.937
202312 -1.960 129.419 -1.960
202403 -2.650 129.419 -2.650

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


Hawaiian Holdings  (NAS:HA) 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.

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

Shiller PE Ratio=Share Price/E10
=12.27/0.18
=68.17

* 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 Hawaiian Holdings was 73.00. The lowest was 2.79. And the median was 15.52.


Be Aware

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


Hawaiian Holdings E10 Related Terms

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


Hawaiian Holdings (Hawaiian Holdings) Business Description

Traded in Other Exchanges
Address
3375 Koapaka Street, Suite G-350, Honolulu, HI, USA, 96819
Hawaiian Holdings Inc provides air transportation for passengers and cargo. Its primary asset is the sole ownership of Hawaiian Airlines. Routes are principally focused on transportation between the Hawaiian Islands, United States, and the South Pacific, Australia, New Zealand, and Asia. In addition, it operates various charter flights. The company markets through several distribution channels, including its own website, travel agencies, and wholesale distributors. Partnerships have been established with other airlines to accommodate customers, and the company also participates in a frequent-flyer program.
Executives
Aaron J Alter officer: Exec VP & Chief Legal Officer 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Avi Mannis officer: See Remarks C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Brent Overbeek officer: EVP. Chief Revenue Officer C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Crystal Rose director 47-460 WAIHEE PLACE, KANEOHE HI 96744
Daniel W. Akins director C/O HAWAIIAN HOLDINGS INC, 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Richard N Zwern director 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Jonathan D. Snook officer: Executive VP and COO 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
William S Swelbar director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET SUITE G, HONOLULU HI 96819
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Craig Vosburg director 2000 PURCHASE STREET, PURCHASE NY 10577
Mark D. Schneider director C/O HAWAIIAN HOLDINGS INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Donald J Carty director C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Shannon Lei Okinaka officer: SVP and Interim CFO C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
Theodoros Panagiotoulias officer: SVP - Global Sales & Alliances C/O HAWAIIAN AIRLINES INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819
H Jayne Hrdlicka director C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819