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Lawson (STU:LAW) E10 : €1.84 (As of Feb. 2024)


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What is Lawson 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.

Lawson's adjusted earnings per share data for the three months ended in Feb. 2024 was €0.388. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.84 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Lawson's average E10 Growth Rate was 6.20% per year. During the past 3 years, the average E10 Growth Rate was 2.20% per year. During the past 5 years, the average E10 Growth Rate was -0.10% 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 Lawson was 2.20% per year. The lowest was -4.90% per year. And the median was -1.70% per year.

As of today (2024-06-03), Lawson's current stock price is €59.50. Lawson's E10 for the quarter that ended in Feb. 2024 was €1.84. Lawson's Shiller PE Ratio of today is 32.34.

During the past 13 years, the highest Shiller PE Ratio of Lawson was 34.07. The lowest was 14.88. And the median was 19.16.


Lawson E10 Historical Data

The historical data trend for Lawson'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.

Lawson E10 Chart

Lawson Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.47 2.16 2.16 1.94 1.84

Lawson Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.94 2.03 1.87 1.87 1.84

Competitive Comparison of Lawson's E10

For the Discount Stores subindustry, Lawson'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.


Lawson's Shiller PE Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Lawson's Shiller PE Ratio distribution charts can be found below:

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



Lawson 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, Lawson's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.388/106.9000*106.9000
=0.388

Current CPI (Feb. 2024) = 106.9000.

Lawson Quarterly Data

per share eps CPI Adj_EPS
201405 0.650 98.100 0.708
201408 0.934 98.300 1.016
201411 0.763 97.900 0.833
201502 -0.020 97.600 -0.022
201505 0.571 98.700 0.618
201508 0.882 98.400 0.958
201511 0.886 98.100 0.965
201602 -0.007 97.800 -0.008
201605 0.716 98.200 0.779
201608 1.214 97.900 1.326
201611 0.960 98.600 1.041
201702 0.212 98.100 0.231
201705 0.773 98.600 0.838
201708 1.082 98.500 1.174
201711 0.690 99.100 0.744
201802 -0.448 99.500 -0.481
201805 0.475 99.300 0.511
201808 0.918 99.800 0.983
201811 0.572 100.000 0.611
201902 0.021 99.700 0.023
201905 0.583 100.000 0.623
201908 1.093 100.000 1.168
201911 0.485 100.500 0.516
202002 -0.487 100.300 -0.519
202005 -0.358 100.100 -0.382
202008 0.597 100.100 0.638
202011 0.696 99.500 0.748
202102 -0.252 99.800 -0.270
202105 0.425 99.400 0.457
202108 0.909 99.700 0.975
202111 0.535 100.100 0.571
202202 -0.134 100.700 -0.142
202205 0.614 101.800 0.645
202208 0.880 102.700 0.916
202211 0.714 103.900 0.735
202302 -0.080 104.000 -0.082
202305 1.079 105.100 1.097
202308 1.031 105.900 1.041
202311 0.831 106.900 0.831
202402 0.388 106.900 0.388

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


Lawson  (STU:LAW) 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.

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

Shiller PE Ratio=Share Price/E10
=59.50/1.84
=32.34

* 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 Lawson was 34.07. The lowest was 14.88. And the median was 19.16.


Be Aware

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


Lawson E10 Related Terms

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


Lawson (STU:LAW) Business Description

Traded in Other Exchanges
Address
East Tower, Gate City Osaki, 11-2, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-8643
Lawson is the third-largest convenience-store operator in Japan with more than 14,500 stores domestically, and more than 3,400 stores overseas with more than 90% of stores located in China. Convenience-store operations inclusive of franchise fees represent about 55% of group operating revenue and 75% of operating profits. Other activities include Seijo Ishii (an upscale food-store chain with 163 stores in Japan as of November 2020) and entertainment businesses comprising cinema operations with 43 theaters, the HMV music store chain, and Lawson HMV ticketing services.

Lawson (STU:LAW) Headlines

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