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La-Z-Boy (FRA:LAZ) E10 : €2.42 (As of Oct. 2024)


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What is La-Z-Boy 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.

La-Z-Boy's adjusted earnings per share data for the three months ended in Oct. 2024 was €0.652. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €2.42 for the trailing ten years ended in Oct. 2024.

During the past 12 months, La-Z-Boy's average E10 Growth Rate was 8.40% per year. During the past 3 years, the average E10 Growth Rate was 14.60% per year. During the past 5 years, the average E10 Growth Rate was 13.70% per year. During the past 10 years, the average E10 Growth Rate was 25.50% 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 La-Z-Boy was 46.20% per year. The lowest was -45.70% per year. And the median was 10.20% per year.

As of today (2024-12-14), La-Z-Boy's current stock price is €42.00. La-Z-Boy's E10 for the quarter that ended in Oct. 2024 was €2.42. La-Z-Boy's Shiller PE Ratio of today is 17.36.

During the past 13 years, the highest Shiller PE Ratio of La-Z-Boy was 82.91. The lowest was 10.52. And the median was 23.91.


La-Z-Boy E10 Historical Data

The historical data trend for La-Z-Boy'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.

La-Z-Boy E10 Chart

La-Z-Boy Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.41 1.38 1.92 2.03 2.36

La-Z-Boy 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 2.16 2.26 2.36 2.31 2.42

Competitive Comparison of La-Z-Boy's E10

For the Furnishings, Fixtures & Appliances subindustry, La-Z-Boy'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.


La-Z-Boy's Shiller PE Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, La-Z-Boy's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where La-Z-Boy's Shiller PE Ratio falls into.



La-Z-Boy 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, La-Z-Boy'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)
=0.652/133.1820*133.1820
=0.652

Current CPI (Oct. 2024) = 133.1820.

La-Z-Boy Quarterly Data

per share eps CPI Adj_EPS
201501 0.293 98.604 0.396
201504 0.360 99.824 0.480
201507 0.245 100.691 0.324
201510 0.365 100.346 0.484
201601 0.396 99.957 0.528
201604 0.388 100.947 0.512
201607 0.253 101.524 0.332
201610 0.381 101.988 0.498
201701 0.442 102.456 0.575
201704 0.532 103.167 0.687
201707 0.208 103.278 0.268
201710 0.400 104.070 0.512
201801 0.205 104.578 0.261
201804 0.587 105.708 0.740
201807 0.334 106.324 0.418
201810 0.365 106.695 0.456
201901 0.534 106.200 0.670
201904 0.027 107.818 0.033
201907 0.339 108.250 0.417
201910 0.434 108.577 0.532
202001 0.667 108.841 0.816
202004 0.046 108.173 0.057
202007 0.087 109.318 0.106
202010 0.638 109.861 0.773
202101 0.509 110.364 0.614
202104 0.677 112.673 0.800
202107 0.457 115.183 0.528
202110 0.767 116.696 0.875
202201 0.575 118.619 0.646
202204 1.222 121.978 1.334
202207 0.875 125.002 0.932
202210 1.086 125.734 1.150
202301 0.687 126.223 0.725
202304 0.711 127.992 0.740
202307 0.570 128.974 0.589
202310 0.597 129.810 0.613
202401 0.606 130.124 0.620
202404 0.848 132.289 0.854
202407 0.562 132.708 0.564
202410 0.652 133.182 0.652

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


La-Z-Boy  (FRA:LAZ) 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.

La-Z-Boy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=42.00/2.42
=17.36

* 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 La-Z-Boy was 82.91. The lowest was 10.52. And the median was 23.91.


Be Aware

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


La-Z-Boy E10 Related Terms

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


La-Z-Boy Business Description

Traded in Other Exchanges
Address
One La-Z-Boy Drive, Monroe, MI, USA, 48162-5138
La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment.