Lowe's (FRA:LWE) E10: € (As of Jul. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:LWE Lowe's Companies Inc FRA:LWE
82 GF Score
Price €168.65
GF Value €218.39
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Lowe's E10?

Lowe's FRA:LWE -1.89% 82 E10 is € as of Jul. 2026. GuruFocus rates FRA:LWE with a GF Score™ of 82/100 and a GF Value™ of €218.39 (Modestly Undervalued). The stock has 2 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.

Lowe's's adjusted earnings per share data for the three months ended in Jul. 2026 was €3.703. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jul. 2026.

During the past 12 months, Lowe's's average E10 Growth Rate was 11.90% per year. During the past 3 years, the average E10 Growth Rate was 15.80% per year. During the past 5 years, the average E10 Growth Rate was 20.50% per year. During the past 10 years, the average E10 Growth Rate was 18.80% 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 Lowe's was 27.70% per year. The lowest was 5.20% per year. And the median was 16.90% per year.

As of today (2026-09-21), Lowe's's current stock price is €168.65. Lowe's's E10 for the quarter that ended in Jul. 2026 was . Lowe's's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Lowe's was 57.37. The lowest was 19.55. And the median was 35.22.


Lowe's  (FRA:LWE) 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.

During the past 13 years, the highest Shiller P/E Ratio of Lowe's was 57.37. The lowest was 19.55. And the median was 35.22.


Be Aware

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


Lowe's E10 Related Terms


Lowe's E10 Historical Data

* Premium members only.

The historical data trend for Lowe's'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.

Lowe's E10 Chart

Lowe's Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
E10
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Lowe's Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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FRA:LWE vs FND, HVT, TTSH: E10 Comparison

For the Home Improvement Retail subindustry, Lowe's'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.


Lowe's Shiller PE Ratio vs Retail - Cyclical Industry

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

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


FRA:LWE
82GF Score
Lowe's Companies Inc FRA:LWE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=3.7034/333.9180*333.9180
=3.703

Current CPI (Jul. 2026) = 333.9180.

Lowe's Quarterly Data

per share eps CPI Adj_EPS
201610 0.386 241.729 0.533
201701 0.694 242.839 0.955
201704 0.655 244.524 0.894
201707 1.492 244.786 2.035
201710 0.888 246.663 1.202
201801 0.562 247.867 0.757
201804 0.968 250.546 1.290
201807 1.587 252.006 2.102
201810 0.673 252.885 0.889
201901 -0.900 251.712 -1.194
201904 1.159 255.548 1.514
201907 1.904 256.571 2.478
201910 1.228 257.346 1.593
202001 0.600 257.971 0.776
202004 1.611 256.389 2.098
202007 3.334 259.101 4.297
202010 0.775 260.388 0.994
202101 1.100 261.582 1.404
202104 2.680 267.054 3.351
202107 3.543 273.003 4.333
202110 2.330 276.589 2.812
202201 1.568 281.148 1.862
202204 3.178 289.109 3.670
202207 4.470 296.276 5.038
202210 0.246 298.012 0.276
202301 1.502 299.170 1.676
202304 3.500 303.363 3.852
202307 4.176 305.691 4.561
202310 2.860 307.671 3.104
202401 1.628 308.417 1.762
202404 2.835 313.548 3.019
202407 3.858 314.540 4.096
202410 2.716 315.664 2.873
202501 1.901 317.671 1.998
202504 2.705 320.795 2.815
202507 3.714 323.048 3.839
202510 2.467 0.000
202601 1.523 325.252 1.564
202604 2.479 333.020 2.486
202607 3.703 333.918 3.703

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 € mean?
Lowe's (FRA:LWE) has a E10 of € as of Jul. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lowe's and its competitors.
Is Lowe's' E10 too high?
Lowe's' current E10 is €. Overall, Lowe's has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lowe's' E10 compare to FND and HVT?
Lowe's' E10 of € can be compared against companies in the Retail - Cyclical 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 - Cyclical company?
A good E10 depends on the Retail - Cyclical 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 Lowe's and its competitors. Lowe's's current E10 is €. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lowe's stock overvalued right now?
Based on GuruFocus' analysis, Lowe's (FRA:LWE) is currently considered Modestly Undervalued. The stock's GF Value™ is €218.39, compared to a current price of €168.65 — trading 22.8% below its estimated fair value. The current E10 is €. Lowe's' overall GF Score™ is 82/100 with 2 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 Lowe's (FRA:LWE), the current E10 is € as of Jul. 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 Lowe's (FRA:LWE) Overvalued in 2026?

Based on GuruFocus' analysis, Lowe's stock appears to be undervalued. The current stock price of €168.65 is trading 22.8% below its estimated GF Value™ of €218.39. GuruFocus considers Lowe's to be Modestly Undervalued.

Key valuation signals for FRA:LWE:

  • E10:
  • GF Value™: €218.39 vs. price of €168.65 (22.8% below fair value)
  • GF Score™: 82/100 with 2 warning signs

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


Lowe's Business Description

Address 1000 Lowes Boulevard, Mooresville, NC, USA, 28117
Lowe's is the second-largest home improvement retailer globally, with 1,759 stores in the US, after the 2023 divestiture of its Canadian locations. The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two-thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its professional business clients to 30% from less than 20% in the past seven years (set to expand further with the acquisition of FBM). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.
82GF Score

Get the complete analysis for FRA:LWE

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

€168.65
Price
€218.39
GF Value