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White Mountains Insurance Group (FRA:WNI) E10 : €116.34 (As of Mar. 2024)


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What is White Mountains Insurance Group 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.

White Mountains Insurance Group's adjusted earnings per share data for the three months ended in Mar. 2024 was €84.944. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €116.34 for the trailing ten years ended in Mar. 2024.

During the past 12 months, White Mountains Insurance Group's average E10 Growth Rate was 18.30% per year. During the past 3 years, the average E10 Growth Rate was 10.30% per year. During the past 5 years, the average E10 Growth Rate was 14.60% per year. During the past 10 years, the average E10 Growth Rate was 12.20% 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 White Mountains Insurance Group was 108.90% per year. The lowest was -39.90% per year. And the median was 10.80% per year.

As of today (2024-06-07), White Mountains Insurance Group's current stock price is €1590.00. White Mountains Insurance Group's E10 for the quarter that ended in Mar. 2024 was €116.34. White Mountains Insurance Group's Shiller PE Ratio of today is 13.67.

During the past 13 years, the highest Shiller PE Ratio of White Mountains Insurance Group was 21.89. The lowest was 10.78. And the median was 15.54.


White Mountains Insurance Group E10 Historical Data

The historical data trend for White Mountains Insurance Group'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.

White Mountains Insurance Group E10 Chart

White Mountains Insurance Group 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 56.68 70.20 63.58 91.77 106.59

White Mountains Insurance Group 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 98.44 98.87 104.83 106.59 116.34

Competitive Comparison of White Mountains Insurance Group's E10

For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group'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.


White Mountains Insurance Group's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where White Mountains Insurance Group's Shiller PE Ratio falls into.



White Mountains Insurance Group 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, White Mountains Insurance Group'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)
=84.944/131.7762*131.7762
=84.944

Current CPI (Mar. 2024) = 131.7762.

White Mountains Insurance Group Quarterly Data

per share eps CPI Adj_EPS
201406 11.415 100.560 14.959
201409 6.534 100.428 8.574
201412 9.472 99.070 12.599
201503 13.019 99.621 17.221
201506 0.642 100.684 0.840
201509 -8.919 100.392 -11.707
201512 43.376 99.792 57.278
201603 2.101 100.470 2.756
201606 59.443 101.688 77.031
201609 16.582 101.861 21.452
201612 -6.920 101.863 -8.952
201703 5.928 102.862 7.594
201706 2.643 103.349 3.370
201709 109.750 104.136 138.881
201712 5.070 104.011 6.423
201803 -10.397 105.290 -13.012
201806 0.873 106.317 1.082
201809 10.995 106.507 13.604
201812 -38.008 105.998 -47.251
201903 79.331 107.251 97.472
201906 5.699 108.070 6.949
201909 13.883 108.329 16.888
201912 17.208 108.420 20.915
202003 -36.689 108.902 -44.396
202006 32.980 108.767 39.957
202009 63.947 109.815 76.735
202012 129.629 109.897 155.437
202103 -20.412 111.754 -24.069
202106 36.985 114.631 42.517
202109 -102.153 115.734 -116.312
202112 9.620 117.630 10.777
202203 10.079 121.301 10.949
202206 -53.733 125.017 -56.638
202209 309.999 125.227 326.213
202212 14.811 125.222 15.586
202303 65.221 127.348 67.489
202306 7.061 128.729 7.228
202309 8.611 129.860 8.738
202312 102.585 129.419 104.453
202403 84.944 131.776 84.944

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


White Mountains Insurance Group  (FRA:WNI) 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.

White Mountains Insurance Group's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=1590.00/116.34
=13.67

* 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 White Mountains Insurance Group was 21.89. The lowest was 10.78. And the median was 15.54.


Be Aware

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


White Mountains Insurance Group E10 Related Terms

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


White Mountains Insurance Group (FRA:WNI) Business Description

Traded in Other Exchanges
Address
23 South Main Street, Suite 3B, Hanover, NH, USA, 03755-2053
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in four areas: municipal bond insurance, property and casualty insurance and reinsurance, capital solutions for asset and wealth management firms and other operations. White Mountains's municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd.

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