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Harley-Davidson (Harley-Davidson) E10 : $0.00 (As of Mar. 2024)


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What is Harley-Davidson 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.

Harley-Davidson's adjusted earnings per share data for the three months ended in Mar. 2024 was $1.720. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.00 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Harley-Davidson's average E10 Growth Rate was 5.00% per year. During the past 3 years, the average E10 Growth Rate was 8.80% per year. During the past 5 years, the average E10 Growth Rate was 7.50% per year. During the past 10 years, the average E10 Growth Rate was 3.50% 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 Harley-Davidson was 26.30% per year. The lowest was -1.60% per year. And the median was 7.50% per year.

As of today (2024-04-27), Harley-Davidson's current stock price is $34.75. Harley-Davidson's E10 for the quarter that ended in Mar. 2024 was $0.00. Harley-Davidson's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Harley-Davidson was 24.81. The lowest was 4.71. And the median was 14.56.


Harley-Davidson E10 Historical Data

The historical data trend for Harley-Davidson'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.

Harley-Davidson E10 Chart

Harley-Davidson 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 3.15 3.12 3.46 3.83 4.02

Harley-Davidson 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 3.97 3.98 4.06 4.02 -

Competitive Comparison of Harley-Davidson's E10

For the Recreational Vehicles subindustry, Harley-Davidson'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.


Harley-Davidson's Shiller PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Harley-Davidson's Shiller PE Ratio falls into.



Harley-Davidson 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, Harley-Davidson'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)
=1.72/129.4194*129.4194
=1.720

Current CPI (Mar. 2024) = 129.4194.

Harley-Davidson Quarterly Data

per share eps CPI Adj_EPS
201406 1.620 100.560 2.085
201409 0.690 100.428 0.889
201412 0.350 99.070 0.457
201503 1.270 99.621 1.650
201506 1.440 100.684 1.851
201509 0.690 100.392 0.890
201512 0.220 99.792 0.285
201603 1.360 100.470 1.752
201606 1.550 101.688 1.973
201609 0.640 101.861 0.813
201612 0.270 101.863 0.343
201703 1.050 102.862 1.321
201706 1.480 103.349 1.853
201709 0.400 104.136 0.497
201712 0.050 104.011 0.062
201803 1.030 105.290 1.266
201806 1.450 106.317 1.765
201809 0.680 106.507 0.826
201812 0.003 105.998 0.004
201903 0.800 107.251 0.965
201906 1.230 108.070 1.473
201909 0.550 108.329 0.657
201912 0.090 108.420 0.107
202003 0.450 108.902 0.535
202006 -0.600 108.767 -0.714
202009 0.780 109.815 0.919
202012 -0.630 109.897 -0.742
202103 1.680 111.754 1.946
202106 1.330 114.631 1.502
202109 1.050 115.734 1.174
202112 0.140 117.630 0.154
202203 1.450 121.301 1.547
202206 1.460 125.017 1.511
202209 1.780 125.227 1.840
202212 0.280 125.222 0.289
202303 2.040 127.348 2.073
202306 1.220 128.729 1.227
202309 1.380 129.860 1.375
202312 0.180 129.419 0.180
202403 1.720 129.419 1.720

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


Harley-Davidson  (NYSE:HOG) 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.

During the past 13 years, the highest Shiller P/E Ratio of Harley-Davidson was 24.81. The lowest was 4.71. And the median was 14.56.


Be Aware

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


Harley-Davidson E10 Related Terms

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


Harley-Davidson (Harley-Davidson) Business Description

Address
3700 West Juneau Avenue, Milwaukee, WI, USA, 53208
Harley-Davidson is a global leading manufacturer of heavyweight motorcycles, merchandise, parts, and accessories. It sells custom, cruiser, and touring motorcycles and offers a complete line of Harley-Davidson motorcycle parts, accessories, riding gear, and apparel, as well as merchandise. Harley-Davidson Financial Services provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley has historically captured about half of all heavyweight domestic retail motorcycle registrations, a metric it had ceded in 2020 as it repositioned the business, and has yet to restore (at 39% in the third quarter). In recent years the firm has expanded into the adventure touring market with its Pan America model and into electric with the LiveWire brand.
Executives
Charles Do officer: Sr. Vice President, HDFSI 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Rafeh Masood director C/O BJ'S WHOLESALE CLUB, INC., 25 RESEARCH DRIVE, WESTBOROUGH MA 01581
Sara L Levinson director RODALE INC, 733 3RD AVE 15TH FL, MILWAUKEE WI 10017
Allan C. Golston director 2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Farley Jr James D director FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Maryrose Sylvester director C/O 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
R John Anderson director LEVI STRAUSS & CO., 1155 BATTERY STREET, SAN FRANCISCO CA 94111
Norman Thomas Linebarger director
Troy Alstead director 1155 BATTERY STREET, SAN FRANCISCO CA 94111
David Viney officer: Interim CFO, VP and Treasurer 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
O'sullivan Coyne Edel M. officer: Chief Commercial Officer 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Jonathan R Root officer: SVP - HDFSI 3700 W JUNEAU, MILWAUKEE WI 53208
Jagdish Krishnan officer: Chief Digital Officer 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Tori Termaat officer: Chief Human Resources Officer 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Gina M Goetter officer: Chief Financial Officer C/O HASBRO, INC., 1027 NEWPORT AVENUE, PAWTUCKET RI 02861