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Hubbell (FRA:HUEC) E10 : €7.85 (As of Mar. 2024)


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What is Hubbell 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.

Hubbell's adjusted earnings per share data for the three months ended in Mar. 2024 was €2.512. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €7.85 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Hubbell's average E10 Growth Rate was 11.70% per year. During the past 3 years, the average E10 Growth Rate was 11.90% per year. During the past 5 years, the average E10 Growth Rate was 9.90% per year. During the past 10 years, the average E10 Growth Rate was 7.20% 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 Hubbell was 17.80% per year. The lowest was 3.60% per year. And the median was 8.00% per year.

As of today (2024-05-26), Hubbell's current stock price is €368.00. Hubbell's E10 for the quarter that ended in Mar. 2024 was €7.85. Hubbell's Shiller PE Ratio of today is 46.88.

During the past 13 years, the highest Shiller PE Ratio of Hubbell was 50.41. The lowest was 17.19. And the median was 26.19.


Hubbell E10 Historical Data

The historical data trend for Hubbell'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.

Hubbell E10 Chart

Hubbell 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 5.09 4.79 5.76 6.83 7.36

Hubbell 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 7.00 7.30 7.79 7.36 7.85

Competitive Comparison of Hubbell's E10

For the Electrical Equipment & Parts subindustry, Hubbell'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.


Hubbell's Shiller PE Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hubbell's Shiller PE Ratio distribution charts can be found below:

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



Hubbell 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, Hubbell'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)
=2.512/131.7762*131.7762
=2.512

Current CPI (Mar. 2024) = 131.7762.

Hubbell Quarterly Data

per share eps CPI Adj_EPS
201406 1.111 100.560 1.456
201409 1.172 100.428 1.538
201412 1.119 99.070 1.488
201503 0.989 99.621 1.308
201506 1.221 100.684 1.598
201509 1.132 100.392 1.486
201512 0.973 99.792 1.285
201603 0.970 100.470 1.272
201606 1.291 101.688 1.673
201609 1.390 101.861 1.798
201612 1.100 101.863 1.423
201703 1.057 102.862 1.354
201706 1.273 103.349 1.623
201709 1.233 104.136 1.560
201712 0.313 104.011 0.397
201803 0.852 105.290 1.066
201806 1.558 106.317 1.931
201809 1.765 106.507 2.184
201812 1.406 105.998 1.748
201903 1.168 107.251 1.435
201906 1.549 108.070 1.889
201909 2.161 108.329 2.629
201912 1.665 108.420 2.024
202003 1.240 108.902 1.500
202006 1.439 108.767 1.743
202009 1.664 109.815 1.997
202012 1.217 109.897 1.459
202103 1.193 111.754 1.407
202106 1.444 114.631 1.660
202109 1.683 115.734 1.916
202112 1.894 117.630 2.122
202203 3.005 121.301 3.265
202206 2.138 125.017 2.254
202209 2.596 125.227 2.732
202212 2.143 125.222 2.255
202303 3.148 127.348 3.257
202306 3.526 128.729 3.609
202309 3.467 129.860 3.518
202312 2.898 129.419 2.951
202403 2.512 131.776 2.512

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


Hubbell  (FRA:HUEC) 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.

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

Shiller PE Ratio=Share Price/E10
=368.00/7.85
=46.88

* 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 Hubbell was 50.41. The lowest was 17.19. And the median was 26.19.


Be Aware

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


Hubbell E10 Related Terms

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


Hubbell (FRA:HUEC) Business Description

Traded in Other Exchanges
Address
40 Waterview Drive, Shelton, CT, USA, 06484
Hubbell is a diversified conglomerate industrial company that mostly competes in the electrical components market. Its products and services serve vital portions of the U.S. electrical supply chain, including transmission and distribution as well as the commercial, industrial, and residential end markets. The company organizes its business into two segments: electrical and power systems. The consolidated business sells about two thirds of its products via distributors, with the remainder sold via direct sales to utilities and contractors. The 2018 acquisition of Aclara, folded into the utility solutions segment, brought Hubbell a portfolio of smart meters and communication sensors that serves electrical, water, and gas utilities.

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