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M (Macy's) Shiller PE Ratio : 8.03 (As of Jul. 23, 2025)


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What is Macy's Shiller PE Ratio?

As of today (2025-07-23), Macy's's current share price is $13.01. Macy's's E10 for the quarter that ended in Apr. 2025 was $1.62. Macy's's Shiller PE Ratio for today is 8.03.

The historical rank and industry rank for Macy's's Shiller PE Ratio or its related term are showing as below:

M' s Shiller PE Ratio Range Over the Past 10 Years
Min: 1.39   Med: 9.33   Max: 52.32
Current: 8.01

During the past years, Macy's's highest Shiller PE Ratio was 52.32. The lowest was 1.39. And the median was 9.33.

M's Shiller PE Ratio is ranked better than
83.08% of 532 companies
in the Retail - Cyclical industry
Industry Median: 18.355 vs M: 8.01

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Macy's's adjusted earnings per share data for the three months ended in Apr. 2025 was $0.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.62 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macy's Shiller PE Ratio Historical Data

The historical data trend for Macy's's Shiller PE Ratio 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.

Macy's Shiller PE Ratio Chart

Macy's Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.60 11.47 9.94 9.27 9.33

Macy's Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Shiller PE Ratio 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 9.46 9.08 8.35 9.33 7.03

Competitive Comparison of Macy's's Shiller PE Ratio

For the Department Stores subindustry, Macy's'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.


Macy's's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

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


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Macy's Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Macy's's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=13.01/1.62
=8.03

* 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.

Macy's's E10 for the quarter that ended in Apr. 2025 is calculated as:

For example, Macy's's adjusted earnings per share data for the three months ended in Apr. 2025 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=0.13/135.3468*135.3468
=0.130

Current CPI (Apr. 2025) = 135.3468.

Macy's Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201507 0.640 100.691 0.860
201510 0.360 100.346 0.486
201601 1.730 99.957 2.342
201604 0.370 100.947 0.496
201607 0.030 101.524 0.040
201610 0.050 101.988 0.066
201701 1.540 102.456 2.034
201704 0.260 103.167 0.341
201707 0.360 103.278 0.472
201710 0.100 104.070 0.130
201801 4.310 104.578 5.578
201804 0.450 105.708 0.576
201807 0.530 106.324 0.675
201810 0.200 106.695 0.254
201901 2.380 106.200 3.033
201904 0.440 107.818 0.552
201907 0.280 108.250 0.350
201910 0.010 108.577 0.012
202001 1.090 108.841 1.355
202004 -11.530 108.173 -14.426
202007 -1.390 109.318 -1.721
202010 -0.290 109.861 -0.357
202101 0.500 110.364 0.613
202104 0.320 112.673 0.384
202107 1.080 115.183 1.269
202110 0.760 116.696 0.881
202201 2.440 118.619 2.784
202204 0.980 121.978 1.087
202207 0.990 125.002 1.072
202210 0.390 125.734 0.420
202301 1.830 126.223 1.962
202304 0.560 127.992 0.592
202307 -0.080 128.974 -0.084
202310 0.150 129.810 0.156
202401 -0.260 130.124 -0.270
202404 0.220 132.289 0.225
202407 0.530 132.708 0.541
202410 0.100 133.182 0.102
202501 1.210 134.029 1.222
202504 0.130 135.347 0.130

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


Macy's  (NYSE:M) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Macy's Shiller PE Ratio Related Terms

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


Macy's Business Description

Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858 and based in New York City, Macy's operates about 450 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and more than 170 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constitute about 62% of Macy's sales.
Executives
Adrian V Mitchell officer: Chief Financial Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Danielle L. Kirgan officer: Chief Human Resources Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Antony Spring officer: Chairman & CEO, Bloomingdale's C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Paul Griscom officer: Interim Principal Acctg. Offr. C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
Jeffrey Gennette officer: Chief Merchandising Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Garcia C Elisa D officer: Chief Legal Officer 151 WEST 34TH STREET, NEW YORK NY 10001
Naveen K. Chopra director C/O 2160 GOLD STREET, SAN JOSE CA 95002
Emilie Arel director C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007
Jill Granoff director LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018
Marie A Chandoha director C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105
Ashley Buchanan director C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063
Tracey Zhen director C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246
John T. Harper officer: Chief Operations Officer C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001
Paul C Varga director 850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Felicia Williams officer: EVP,Controller/Enterprise Risk C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001