Loblaw (FRA:L8G) E10: €0.86 (As of Mar. 2026)


FRA:L8G Loblaw Companies Ltd FRA:L8G
92 GF Score
Price €40.00
GF Value €31.15
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Loblaw E10?

Loblaw FRA:L8G +0.50% 92 E10 is €0.86 as of Mar. 2026. GuruFocus rates FRA:L8G with a GF Score™ of 92/100 and a GF Value™ of €31.15 (Modestly Overvalued). The stock has 5 warning signs investors should review.

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.

Loblaw's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.315. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.86 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Loblaw's average E10 Growth Rate was 17.90% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 16.50% per year. During the past 10 years, the average E10 Growth Rate was 10.70% 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 Loblaw was 17.30% per year. The lowest was -10.20% per year. And the median was 5.60% per year.

As of today (2026-06-30), Loblaw's current stock price is €40.00. Loblaw's E10 for the quarter that ended in Mar. 2026 was €0.86. Loblaw's Shiller PE Ratio of today is 46.51.

During the past 13 years, the highest Shiller PE Ratio of Loblaw was 51.41. The lowest was 20.84. And the median was 32.87.


Loblaw  (FRA:L8G) 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.

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

Shiller PE Ratio=Share Price/E10
=40.00/0.86
=46.51

* 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 Loblaw was 51.41. The lowest was 20.84. And the median was 32.87.


Be Aware

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


Loblaw E10 Related Terms


Loblaw E10 Historical Data

* Premium members only.

The historical data trend for Loblaw'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.

Loblaw E10 Chart

Loblaw Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.57 0.63 0.75 0.80

Loblaw Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.73 0.74 0.75 0.80 0.86

FRA:L8G vs KR, SFM, ACI: E10 Comparison

For the Grocery Stores subindustry, Loblaw'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.


Loblaw Shiller PE Ratio vs Retail - Defensive Industry

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

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


FRA:L8G
92GF Score
Loblaw Companies Ltd FRA:L8G
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Loblaw 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, Loblaw's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.315/132.2623*132.2623
=0.315

Current CPI (Mar. 2026) = 132.2623.

Loblaw Quarterly Data

per share eps CPI Adj_EPS
201603 0.080 101.054 0.105
201606 0.067 102.002 0.087
201609 0.175 101.765 0.227
201612 0.087 101.449 0.113
201703 0.101 102.634 0.130
201706 0.151 103.029 0.194
201709 0.383 103.345 0.490
201712 0.015 103.345 0.019
201803 0.154 105.004 0.194
201806 0.021 105.557 0.026
201809 0.046 105.636 0.058
201812 0.096 105.399 0.120
201903 0.088 106.979 0.109
201906 0.128 107.690 0.157
201909 0.154 107.611 0.189
201912 0.120 107.769 0.147
202003 0.107 107.927 0.131
202009 0.154 108.164 0.188
202012 0.156 108.559 0.190
202103 0.150 110.298 0.180
202106 0.185 111.720 0.219
202109 0.213 112.905 0.250
202112 0.379 113.774 0.441
202203 0.233 117.646 0.262
202206 0.214 120.806 0.234
202209 0.320 120.648 0.351
202212 0.274 120.964 0.300
202303 0.220 122.702 0.237
202306 0.274 124.203 0.292
202309 0.338 125.230 0.357
202312 0.292 125.072 0.309
202403 0.250 126.258 0.262
202406 0.251 127.522 0.260
202409 0.419 127.285 0.435
202412 0.255 127.364 0.265
202503 0.271 129.181 0.277
202506 0.376 129.892 0.383
202509 0.406 130.287 0.412
202512 0.340 130.366 0.345
202603 0.315 132.262 0.315

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.86 mean?
Loblaw (FRA:L8G) has a E10 of €0.86 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Loblaw and its competitors.
Is Loblaw's E10 too high?
Loblaw's current E10 is €0.86. Overall, Loblaw has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Loblaw's E10 compare to KR and SFM?
Loblaw's E10 of €0.86 can be compared against companies in the Retail - Defensive industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Retail - Defensive company?
A good E10 depends on the Retail - Defensive industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Loblaw and its competitors. Loblaw's current E10 is €0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Loblaw stock overvalued right now?
Based on GuruFocus' analysis, Loblaw (FRA:L8G) is currently considered Modestly Overvalued. The stock's GF Value™ is €31.15, compared to a current price of €40.00 — trading 28.4% above its estimated fair value. The current E10 is €0.86. Loblaw's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Loblaw (FRA:L8G), the current E10 is €0.86 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Loblaw (FRA:L8G) Overvalued in 2026?

Based on GuruFocus' analysis, Loblaw stock appears to be overvalued. The current stock price of €40.00 is trading 28.4% above its estimated GF Value™ of €31.15. GuruFocus considers Loblaw to be Modestly Overvalued.

Key valuation signals for FRA:L8G:

  • E10: €0.86
  • GF Value™: €31.15 vs. price of €40.00 (28.4% above fair value)
  • GF Score™: 92/100 with 5 warning signs

No single metric tells the full story. See the FRA:L8G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Loblaw Business Description

Address 1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating approximately 2,500 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program, but announced plans to sell its financial services arm including credit cards and insurance brokerage to EQB in December 2025. George Weston is Loblaw's controlling shareholder with a 53% stake.
92GF Score

Get the complete analysis for FRA:L8G

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€40.00
Price
€31.15
GF Value