Steven Madden (FRA:SJM) E10: €1.65 (As of Mar. 2026)


FRA:SJM Steven Madden Ltd FRA:SJM
92 GF Score
Price €35.90
GF Value €44.14
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Steven Madden E10?

Steven Madden FRA:SJM +0.51% 92 E10 is €1.65 as of Mar. 2026. GuruFocus rates FRA:SJM with a GF Score™ of 92/100 and a GF Value™ of €44.14 (Modestly Undervalued). The stock has 4 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.

Steven Madden's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.865. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €1.65 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Steven Madden's average E10 Growth Rate was -0.50% per year. During the past 3 years, the average E10 Growth Rate was 3.60% per year. During the past 5 years, the average E10 Growth Rate was 8.50% 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 Steven Madden was 24.50% per year. The lowest was 3.60% per year. And the median was 15.90% per year.

As of today (2026-06-26), Steven Madden's current stock price is €35.90. Steven Madden's E10 for the quarter that ended in Mar. 2026 was €1.65. Steven Madden's Shiller PE Ratio of today is 21.76.

During the past 13 years, the highest Shiller PE Ratio of Steven Madden was 35.83. The lowest was 10.05. And the median was 24.25.


Steven Madden  (FRA:SJM) 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.

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

Shiller PE Ratio=Share Price/E10
=35.90/1.65
=21.76

* 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 Steven Madden was 35.83. The lowest was 10.05. And the median was 24.25.


Be Aware

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


Steven Madden E10 Related Terms


Steven Madden E10 Historical Data

* Premium members only.

The historical data trend for Steven Madden'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.

Steven Madden E10 Chart

Steven Madden 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 1.26 1.55 1.63 1.81 1.61

Steven Madden 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 1.80 1.63 1.59 1.61 1.65

FRA:SJM vs WWW, CROX, DBI: E10 Comparison

For the Footwear & Accessories subindustry, Steven Madden'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.


Steven Madden Shiller PE Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Steven Madden's Shiller PE Ratio distribution charts can be found below:

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


FRA:SJM
92GF Score
Steven Madden Ltd FRA:SJM
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Steven Madden 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, Steven Madden'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)
=0.865/330.2130*330.2130
=0.865

Current CPI (Mar. 2026) = 330.2130.

Steven Madden Quarterly Data

per share eps CPI Adj_EPS
201606 0.243 241.018 0.333
201609 0.440 241.428 0.602
201612 0.307 241.432 0.420
201703 0.218 243.801 0.295
201706 0.297 244.955 0.400
201709 0.428 246.819 0.573
201712 0.242 246.524 0.324
201803 0.268 249.554 0.355
201806 0.325 251.989 0.426
201809 0.548 252.439 0.717
201812 0.132 251.233 0.173
201903 0.363 254.202 0.472
201906 0.389 256.143 0.501
201909 0.572 256.759 0.736
201912 0.189 256.974 0.243
202003 -0.199 258.115 -0.255
202006 -0.186 257.797 -0.238
202009 -0.076 260.280 -0.096
202012 0.238 260.474 0.302
202103 0.218 264.877 0.272
202106 0.374 271.696 0.455
202109 0.697 274.310 0.839
202112 0.717 278.802 0.849
202203 0.854 287.504 0.981
202206 0.587 296.311 0.654
202209 0.798 296.808 0.888
202212 0.396 296.797 0.441
202303 0.448 301.836 0.490
202306 0.425 305.109 0.460
202309 0.815 307.789 0.874
202312 0.449 306.746 0.483
202403 0.552 312.332 0.584
202406 0.455 314.175 0.478
202409 0.694 315.301 0.727
202412 0.468 315.605 0.490
202503 0.527 319.799 0.544
202506 -0.486 322.561 -0.498
202509 0.247 324.800 0.251
202512 0.273 324.054 0.278
202603 0.865 330.213 0.865

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 €1.65 mean?
Steven Madden (FRA:SJM) has a E10 of €1.65 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Steven Madden and its competitors.
Is Steven Madden's E10 too high?
Steven Madden's current E10 is €1.65. Overall, Steven Madden has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steven Madden's E10 compare to WWW and CROX?
Steven Madden's E10 of €1.65 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good E10 depends on the Manufacturing - Apparel & Accessories 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 Steven Madden and its competitors. Steven Madden's current E10 is €1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steven Madden stock overvalued right now?
Based on GuruFocus' analysis, Steven Madden (FRA:SJM) is currently considered Modestly Undervalued. The stock's GF Value™ is €44.14, compared to a current price of €35.90 — trading 18.7% below its estimated fair value. The current E10 is €1.65. Steven Madden's overall GF Score™ is 92/100 with 4 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 Steven Madden (FRA:SJM), the current E10 is €1.65 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 Steven Madden (FRA:SJM) Overvalued in 2026?

Based on GuruFocus' analysis, Steven Madden stock appears to be undervalued. The current stock price of €35.90 is trading 18.7% below its estimated GF Value™ of €44.14. GuruFocus considers Steven Madden to be Modestly Undervalued.

Key valuation signals for FRA:SJM:

  • E10: €1.65
  • GF Value™: €44.14 vs. price of €35.90 (18.7% below fair value)
  • GF Score™: 92/100 with 4 warning signs

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


Steven Madden Business Description

Other Exchanges SHOO:USA
Address 52-16 Barnett Avenue, Long Island City, NY, USA, 11104
Steven Madden Ltd and its subsidiaries design, source, and market branded and private label footwear, accessories, and apparel. Its offerings include contemporary styles and core products, known for design creativity, trend-right offerings, high quality, and accessible price points. It operates through four segments: Wholesale Footwear, which generates maximum revenue and sells footwear globally; Wholesale Accessories/Apparel, which sells handbags and apparel through wholesale channels; Direct-to-Consumer, which sells footwear, handbags, apparel, and accessories through stores, outlets, e-commerce, and concessions; and Licensing, which licenses Steve Madden, Betsey Johnson, and Kurt Geiger trademarks, with the Company generating the majority of its revenue from the USA.
92GF Score

Get the complete analysis for FRA:SJM

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

€35.90
Price
€44.14
GF Value