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Target (LIM:TGT) E10 : $8.82 (As of Jan. 2025)


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What is Target 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.

Target's adjusted earnings per share data for the three months ended in Jan. 2025 was $2.410. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $8.82 for the trailing ten years ended in Jan. 2025.

During the past 12 months, Target's average E10 Growth Rate was 20.30% per year. During the past 3 years, the average E10 Growth Rate was 12.40% per year. During the past 5 years, the average E10 Growth Rate was 14.30% 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 Target was 21.40% per year. The lowest was -2.70% per year. And the median was 11.70% per year.

As of today (2025-03-16), Target's current stock price is $103.80. Target's E10 for the quarter that ended in Jan. 2025 was $8.82. Target's Shiller PE Ratio of today is 11.77.

During the past 13 years, the highest Shiller PE Ratio of Target was 50.01. The lowest was 12.09. And the median was 21.98.


Target E10 Historical Data

The historical data trend for Target'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.

Target E10 Chart

Target Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.79 6.18 5.91 7.26 8.82

Target Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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 7.26 7.98 7.66 8.11 8.82

Competitive Comparison of Target's E10

For the Discount Stores subindustry, Target'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.


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

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

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



Target 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, Target's adjusted earnings per share data for the three months ended in Jan. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=2.41/134.0288*134.0288
=2.410

Current CPI (Jan. 2025) = 134.0288.

Target Quarterly Data

per share eps CPI Adj_EPS
201504 0.980 99.824 1.316
201507 1.180 100.691 1.571
201510 0.870 100.346 1.162
201601 2.320 99.957 3.111
201604 1.050 100.947 1.394
201607 1.160 101.524 1.531
201610 1.060 101.988 1.393
201701 1.450 102.456 1.897
201704 1.220 103.167 1.585
201707 1.220 103.278 1.583
201710 0.870 104.070 1.120
201801 2.020 104.578 2.589
201804 1.330 105.708 1.686
201807 1.490 106.324 1.878
201810 1.170 106.695 1.470
201901 1.520 106.200 1.918
201904 1.530 107.818 1.902
201907 1.820 108.250 2.253
201910 1.390 108.577 1.716
202001 1.630 108.841 2.007
202004 0.560 108.173 0.694
202007 3.350 109.318 4.107
202010 2.010 109.861 2.452
202101 2.730 110.364 3.315
202104 4.170 112.673 4.960
202107 3.650 115.183 4.247
202110 3.040 116.696 3.492
202201 3.210 118.619 3.627
202204 2.160 121.978 2.373
202207 0.390 125.002 0.418
202210 1.540 125.734 1.642
202301 1.890 126.223 2.007
202304 2.050 127.992 2.147
202307 1.800 128.974 1.871
202310 2.100 129.810 2.168
202401 2.980 130.124 3.069
202404 2.030 132.289 2.057
202407 2.570 132.708 2.596
202410 1.850 133.182 1.862
202501 2.410 134.029 2.410

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


Target  (LIM:TGT) 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.

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

Shiller PE Ratio=Share Price/E10
=103.80/8.82
=11.77

* 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 Target was 50.01. The lowest was 12.09. And the median was 21.98.


Be Aware

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


Target E10 Related Terms

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


Target Business Description

Address
1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.

Target Headlines

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