GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Harrow Inc (NAS:HROW) » Definitions » E10

Harrow (Harrow) E10 : $-0.80 (As of Mar. 2024)


View and export this data going back to 2007. Start your Free Trial

What is Harrow 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.

Harrow's adjusted earnings per share data for the three months ended in Mar. 2024 was $-0.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.80 for the trailing ten years ended in Mar. 2024.

During the past 3 years, the average E10 Growth Rate was 11.60% per year. During the past 5 years, the average E10 Growth Rate was 24.60% 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 Harrow was 35.50% per year. The lowest was 11.60% per year. And the median was 25.40% per year.

As of today (2024-06-06), Harrow's current stock price is $17.96. Harrow's E10 for the quarter that ended in Mar. 2024 was $-0.80. Harrow's Shiller PE Ratio of today is .


Harrow E10 Historical Data

The historical data trend for Harrow'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.

Harrow E10 Chart

Harrow 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 -1.90 -1.13 -0.95 -0.79 -0.78

Harrow 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 -0.80 -0.79 -0.78 -0.78 -0.80

Competitive Comparison of Harrow's E10

For the Drug Manufacturers - Specialty & Generic subindustry, Harrow'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.


Harrow's Shiller PE Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Harrow's Shiller PE Ratio distribution charts can be found below:

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



Harrow 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, Harrow'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)
=-0.38/131.7762*131.7762
=-0.380

Current CPI (Mar. 2024) = 131.7762.

Harrow Quarterly Data

per share eps CPI Adj_EPS
201406 -0.280 100.560 -0.367
201409 -0.270 100.428 -0.354
201412 -0.300 99.070 -0.399
201503 -0.330 99.621 -0.437
201506 -0.390 100.684 -0.510
201509 -0.410 100.392 -0.538
201512 -0.530 99.792 -0.700
201603 -0.430 100.470 -0.564
201606 -0.350 101.688 -0.454
201609 -0.290 101.861 -0.375
201612 -0.450 101.863 -0.582
201703 -0.260 102.862 -0.333
201706 0.060 103.349 0.077
201709 -0.280 104.136 -0.354
201712 -0.130 104.011 -0.165
201803 -0.170 105.290 -0.213
201806 0.110 106.317 0.136
201809 -0.120 106.507 -0.148
201812 0.770 105.998 0.957
201903 0.430 107.251 0.528
201906 -0.090 108.070 -0.110
201909 -0.450 108.329 -0.547
201912 0.110 108.420 0.134
202003 -0.500 108.902 -0.605
202006 -0.010 108.767 -0.012
202009 0.320 109.815 0.384
202012 0.040 109.897 0.048
202103 0.010 111.754 0.012
202106 -0.110 114.631 -0.126
202109 -0.310 115.734 -0.353
202112 -0.270 117.630 -0.302
202203 -0.090 121.301 -0.098
202206 -0.230 125.017 -0.242
202209 -0.240 125.227 -0.253
202212 0.040 125.222 0.042
202303 -0.220 127.348 -0.228
202306 -0.140 128.729 -0.143
202309 -0.130 129.860 -0.132
202312 -0.270 129.419 -0.275
202403 -0.380 131.776 -0.380

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


Harrow  (NAS:HROW) 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.


Harrow E10 Related Terms

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


Harrow (Harrow) Business Description

Traded in Other Exchanges
N/A
Address
102 Woodmont Boulevard, Suite 610, Nashville, TN, USA, 37205
Harrow Inc is a leading eyecare pharmaceutical company engaged in the discovery, development, and commercialization of innovative ophthalmic pharmaceutical products for the U.S. market. Harrow helps U.S. eyecare professionals preserve the gift of sight by making its comprehensive portfolio of prescription and non-prescription pharmaceutical products accessible and affordable to millions of Americans each year.
Executives
Mark L Baum director, 10 percent owner, officer: Chief Executive Officer C/O IMPRIMIS PHARMACEUTICALS, INC, 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130
Opaleye Management Inc. 10 percent owner ONE BOSTON PLACE, SUITE 2600, BOSTON MA 02108
Martin A. Makary director 102 WOODMONT BLVD., SUITE 610, NASHVILLE TN 37205
Van Horn R. Lawrence director 354 COOL SPRINGS BLVD., SUITE 106, FRANKLIN TN 37067
Andrew Boll officer: VP, Accounting and Reporting 437 S HWY 101, STE 209, SOLANA BEACH CA 92075
Lindstrom Richard L Md director 2811 WESTWOOD PL, WAYZATA MN 55391
Perry J. Sternberg director 102 WOODMONT BLVD., SUITE 610, NASHVILLE TN 37205
Teresa Sparks director 40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215
Robert J Kammer director, 10 percent owner, officer: Chairman of the Board 1440 28TH STREET, SUITE 9, BOULDER CO 80303
Longboard Capital Advisors, Llc other: Institutional Investor 9665 WILSHIRE BLVD., SUITE 430, BEVERLY HILLS CA 90212
Brett Conrad other: Managing Mbr of Longboard Cap. 1312 CEDAR ST., SANTA MONICA CA 90405
Clayton D Edwards officer: Chief Operating Officer 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130
Anthony Principi director 2300 WEST PLANO PARKWAY, M/S D2420, PLANO TX 75244
Donald Paul Miloni 10 percent owner 1425 GREENWOOD LANE, GREENWOOD VILLAGE CO 80125
John P. Saharek officer: Chief Commercial Officer 12264 EL CAMINO REAL, SUITE 350, SAN DIEGO CA 92130

Harrow (Harrow) Headlines

From GuruFocus

Harrow Announces New $100 Million Secured Credit Facility with Oaktree

By Business Wire Business Wire 03-28-2023

Harrow Launches VIGAMOX� in the U.S.

By Business Wire 07-31-2023