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Walmart (BUE:WMT) E10 : ARS120.25 (As of Jan. 2024)


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What is Walmart 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.

Walmart's adjusted earnings per share data for the three months ended in Jan. 2024 was ARS1,641.153. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS120.25 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Walmart's average E10 Growth Rate was 1.20% per year. During the past 3 years, the average E10 Growth Rate was 3.10% per year. During the past 5 years, the average E10 Growth Rate was 2.80% per year. During the past 10 years, the average E10 Growth Rate was 2.50% 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 Walmart was 18.60% per year. The lowest was 0.90% per year. And the median was 11.85% per year.

As of today (2024-04-30), Walmart's current stock price is ARS3637.00. Walmart's E10 for the quarter that ended in Jan. 2024 was ARS120.25. Walmart's Shiller PE Ratio of today is 30.25.

During the past 13 years, the highest Shiller PE Ratio of Walmart was 34.98. The lowest was 12.97. And the median was 21.27.


Walmart E10 Historical Data

The historical data trend for Walmart'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.

Walmart E10 Chart

Walmart 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 45.55 41.01 62.73 105.09 120.25

Walmart Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 105.09 130.07 162.67 253.01 120.25

Competitive Comparison of Walmart's E10

For the Discount Stores subindustry, Walmart'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.


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

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=1641.153/129.4194*129.4194
=1,641.153

Current CPI (Jan. 2024) = 129.4194.

Walmart Quarterly Data

per share eps CPI Adj_EPS
201404 8.882 100.023 11.492
201407 10.282 100.520 13.238
201410 9.751 100.176 12.598
201501 13.218 98.604 17.349
201504 9.172 99.824 11.891
201507 9.922 100.691 12.753
201510 9.839 100.346 12.690
201601 19.763 99.957 25.588
201604 14.385 100.947 18.442
201607 18.183 101.524 23.179
201610 15.038 101.988 19.083
201701 19.446 102.456 24.564
201704 15.401 103.167 19.320
201707 17.090 103.278 21.416
201710 10.260 104.070 12.759
201801 14.327 104.578 17.730
201804 14.478 105.708 17.726
201807 -8.375 106.324 -10.194
201810 23.942 106.695 29.041
201901 47.775 106.200 58.220
201904 57.562 107.818 69.094
201907 53.511 108.250 63.976
201910 66.227 108.577 78.940
202001 86.797 108.841 103.208
202004 90.244 108.173 107.969
202007 160.058 109.318 189.490
202010 137.232 109.861 161.664
202101 -62.219 110.364 -72.962
202104 89.044 112.673 102.279
202107 145.555 115.183 163.545
202110 109.635 116.696 121.589
202201 131.430 118.619 143.396
202204 82.229 121.978 87.245
202207 235.752 125.002 244.083
202210 -97.225 125.734 -100.074
202301 410.289 126.223 420.679
202304 109.646 127.992 110.869
202307 749.564 128.974 752.151
202310 59.500 129.810 59.321
202401 1,641.153 129.419 1,641.153

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


Walmart  (BUE:WMT) 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.

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

Shiller PE Ratio=Share Price/E10
=3637.00/120.25
=30.25

* 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 Walmart was 34.98. The lowest was 12.97. And the median was 21.27.


Be Aware

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


Walmart E10 Related Terms

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


Walmart (BUE:WMT) Business Description

Address
702 S.W. 8th Street, Bentonville, AR, USA, 72716
Walmart serves as the preeminent retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,700 stores in the United States (5,300 including Sam's Club) and over 10,000 stores globally. Walmart generated over $420 billion in domestic namesake sales last year, with Sam's Club contributing another $84 billion to the firm's top line. Internationally, Walmart generated $100 billion in sales. The company serves around 240 million customers globally each week.

Walmart (BUE:WMT) Headlines