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Target (BUE:TGT) E10 : ARS377.38 (As of Oct. 2024)


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What is Target 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.

Target's adjusted earnings per share data for the three months ended in Oct. 2024 was ARS1,794.500. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS377.38 for the trailing ten years ended in Oct. 2024.

During the past 12 months, Target's average E10 Growth Rate was 11.70% per year. During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 years, the average E10 Growth Rate was 13.20% per year. During the past 10 years, the average E10 Growth Rate was 8.30% 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 Target was 21.40% per year. The lowest was -2.70% per year. And the median was 11.00% per year.

As of today (2024-12-14), Target's current stock price is ARS6060.00. Target's E10 for the quarter that ended in Oct. 2024 was ARS377.38. Target's Shiller PE Ratio of today is 16.06.

During the past 13 years, the highest Shiller PE Ratio of Target was 50.01. The lowest was 14.14. And the median was 22.24.


Target E10 Historical Data

The historical data trend for Target'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.

Target E10 Chart

Target Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 180.91 341.24 99.33 376.70

Target Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 252.31 376.70 337.43 409.99 377.38

Competitive Comparison of Target's E10

For the Discount Stores subindustry, Target'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Oct. 2024 (Change)*Current CPI (Oct. 2024)
=1794.5/133.1820*133.1820
=1,794.500

Current CPI (Oct. 2024) = 133.1820.

Target Quarterly Data

per share eps CPI Adj_EPS
201501 -35.768 98.604 -48.311
201504 8.727 99.824 11.643
201507 10.841 100.691 14.339
201510 8.310 100.346 11.029
201601 32.062 99.957 42.719
201604 15.413 100.947 20.335
201607 17.432 101.524 22.868
201610 16.266 101.988 21.241
201701 23.112 102.456 30.043
201704 18.789 103.167 24.255
201707 21.719 103.278 28.008
201710 15.390 104.070 19.695
201801 39.646 104.578 50.490
201804 26.745 105.708 33.696
201807 43.031 106.324 53.901
201810 48.296 106.695 60.286
201901 57.179 106.200 71.706
201904 66.218 107.818 81.795
201907 77.294 108.250 95.096
201910 80.049 108.577 98.189
202001 97.572 108.841 119.393
202004 36.098 108.173 44.444
202007 236.209 109.318 287.774
202010 153.242 109.861 185.773
202101 229.538 110.364 276.995
202104 382.798 112.673 452.476
202107 349.524 115.183 404.143
202110 300.261 116.696 342.680
202201 329.603 118.619 370.068
202204 240.019 121.978 262.065
202207 48.906 125.002 52.106
202210 226.857 125.734 240.294
202301 334.244 126.223 352.672
202304 362.540 127.992 377.240
202307 462.060 128.974 477.134
202310 735.000 129.810 754.094
202401 2,409.181 130.124 2,465.791
202404 1,740.705 132.289 1,752.453
202407 2,346.410 132.708 2,354.794
202410 1,794.500 133.182 1,794.500

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


Target  (BUE:TGT) 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.

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

Shiller PE Ratio=Share Price/E10
=6060.00/377.38
=16.06

* 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 Target was 50.01. The lowest was 14.14. And the median was 22.24.


Be Aware

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


Target E10 Related Terms

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


Target Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.