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Macy's Shiller PE Ratio

: 5.26 (As of Today)
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As of today (2020-11-25), Macy's's current share price is $11.00. Macy's's E10 for the quarter that ended in Oct. 2020 was $2.09. Macy's's Shiller PE Ratio for today is 5.26.

NYSE:M' s Shiller PE Ratio Range Over the Past 10 Years
Min: 1.6   Med: 41.73   Max: 155.19
Current: 5.25

1.6
155.19

During the past years, Macy's's highest Shiller PE Ratio was 155.19. The lowest was 1.60. And the median was 41.73.

NYSE:M's Shiller PE Ratio is ranked higher than
89% of the 534 Companies
in the Retail - Cyclical industry.

( Industry Median: 16.83 vs. NYSE:M: 5.25 )

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 Oct. 2020 was $-0.290. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.09 for the trailing ten years ended in Oct. 2020.

Shiller PE for Stocks: The True Measure of Stock Valuation


Macy's Shiller PE Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Macy's Annual Data
Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 32.56 23.48 16.67 7.98 4.61

Macy's Quarterly Data
Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20
Shiller PE Ratio 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 Premium Member Only Premium Member Only Premium Member Only 4.38 4.61 2.58 2.85 2.96

Competitive Comparison
* 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.


Macy's Shiller PE Ratio Distribution

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



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
=11.00/2.09
=5.26

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Macy's's E10 for the quarter that ended in Oct. 2020 is calculated as:

For example, Macy's's adjusted earnings per share data for the three months ended in Oct. 2020 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Oct. 2020 (Change)*Current CPI (Oct. 2020)
=-0.29/109.8149*109.8149
=-0.290

Current CPI (Oct. 2020) = 109.8149.

Macy's Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201101 1.560 93.373 1.835
201104 0.300 95.337 0.346
201107 0.550 95.582 0.632
201110 0.320 95.449 0.368
201201 1.740 96.053 1.989
201204 0.430 96.961 0.487
201207 0.670 97.199 0.757
201210 0.360 97.133 0.407
201301 1.790 97.953 2.007
201304 0.550 98.282 0.615
201307 0.720 98.675 0.801
201310 0.470 98.334 0.525
201401 2.160 99.057 2.395
201404 0.600 100.373 0.656
201407 0.800 100.352 0.875
201410 0.610 99.635 0.672
201501 2.210 99.032 2.451
201504 0.560 100.333 0.613
201507 0.640 100.548 0.699
201510 0.360 100.135 0.395
201601 1.730 100.040 1.899
201604 0.370 101.355 0.401
201607 0.030 101.617 0.032
201610 0.050 101.829 0.054
201701 1.540 102.779 1.645
201704 0.260 103.256 0.277
201707 0.360 103.587 0.382
201710 0.100 104.072 0.106
201801 4.310 105.052 4.505
201804 0.450 106.148 0.466
201807 0.530 106.383 0.547
201810 0.200 106.338 0.207
201901 2.380 106.649 2.451
201904 0.440 108.048 0.447
201907 0.280 108.245 0.284
201910 0.010 108.519 0.010
202001 1.090 109.139 1.097
202004 -11.530 108.175 -11.705
202007 -1.390 109.662 -1.392
202010 -0.290 109.815 -0.290

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


Macy's Shiller PE Ratio Headlines

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