LSBK (Lake Shore Bancorp) E10: $0.93 (As of Mar. 2026)


LSBK Lake Shore Bancorp Inc LSBK
63 GF Score
Price $16.92
GF Value $14.04
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Lake Shore Bancorp E10?

Lake Shore Bancorp LSBK +1.01% 63 E10 is $0.93 as of Mar. 2026. GuruFocus rates LSBK with a GF Score™ of 63/100 and a GF Value™ of $14.04 (Modestly Overvalued). The stock has 3 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.

Lake Shore Bancorp's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.260. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Lake Shore Bancorp's average E10 Growth Rate was 4.50% per year. During the past 3 years, the average E10 Growth Rate was 4.30% per year. During the past 5 years, the average E10 Growth Rate was 6.00% per year. During the past 10 years, the average E10 Growth Rate was 6.50% 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 Lake Shore Bancorp was 7.70% per year. The lowest was 4.30% per year. And the median was 6.50% per year.

As of today (2026-06-24), Lake Shore Bancorp's current stock price is $16.92. Lake Shore Bancorp's E10 for the quarter that ended in Mar. 2026 was $0.93. Lake Shore Bancorp's Shiller PE Ratio of today is 18.19.

During the past 13 years, the highest Shiller PE Ratio of Lake Shore Bancorp was 30.60. The lowest was 11.34. And the median was 19.47.


Lake Shore Bancorp  (NAS:LSBK) 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.

Lake Shore Bancorp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=16.92/0.93
=18.19

* 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 Lake Shore Bancorp was 30.60. The lowest was 11.34. And the median was 19.47.


Be Aware

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


Lake Shore Bancorp E10 Related Terms


Lake Shore Bancorp E10 Historical Data

* Premium members only.

The historical data trend for Lake Shore Bancorp'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.

Lake Shore Bancorp E10 Chart

Lake Shore Bancorp 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 0.76 0.82 0.85 0.88 0.93

Lake Shore Bancorp 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 0.89 0.91 0.92 0.93 0.93

LSBK vs BBNA, CCNB, FMBM: E10 Comparison

For the Banks - Regional subindustry, Lake Shore Bancorp'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.


Lake Shore Bancorp Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Lake Shore Bancorp's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Lake Shore Bancorp's Shiller PE Ratio falls into.


LSBK
63GF Score
Lake Shore Bancorp Inc LSBK
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lake Shore Bancorp 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, Lake Shore Bancorp'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)
=0.26/330.2130*330.2130
=0.260

Current CPI (Mar. 2026) = 330.2130.

Lake Shore Bancorp Quarterly Data

per share eps CPI Adj_EPS
201606 0.110 241.018 0.151
201609 0.130 241.428 0.178
201612 0.020 241.432 0.027
201703 0.120 243.801 0.163
201706 0.190 244.955 0.256
201709 0.150 246.819 0.201
201712 0.090 246.524 0.121
201803 0.150 249.554 0.198
201806 0.160 251.989 0.210
201809 0.170 252.439 0.222
201812 0.170 251.233 0.223
201903 0.150 254.202 0.195
201906 0.130 256.143 0.168
201909 0.200 256.759 0.257
201912 0.200 256.974 0.257
202003 0.120 258.115 0.154
202006 0.230 257.797 0.295
202009 0.210 260.280 0.266
202012 0.210 260.474 0.266
202103 0.290 264.877 0.362
202106 0.170 271.696 0.207
202109 0.290 274.310 0.349
202112 0.310 278.802 0.367
202203 0.180 287.504 0.207
202206 0.290 296.311 0.323
202209 0.300 296.808 0.334
202212 0.200 296.797 0.223
202303 0.290 301.836 0.317
202306 0.140 305.109 0.152
202309 0.270 307.789 0.290
202312 0.130 306.746 0.140
202403 0.170 312.332 0.180
202406 0.190 314.175 0.200
202409 0.180 315.301 0.189
202412 0.260 315.605 0.272
202503 0.140 319.799 0.145
202506 0.340 322.561 0.348
202509 0.320 324.800 0.325
202512 0.260 324.054 0.265
202603 0.260 330.213 0.260

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 $0.93 mean?
Lake Shore Bancorp (LSBK) has a E10 of $0.93 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Lake Shore Bancorp and its competitors.
Is Lake Shore Bancorp's E10 too high?
Lake Shore Bancorp's current E10 is $0.93. Overall, Lake Shore Bancorp has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lake Shore Bancorp's E10 compare to BBNA and CCNB?
Lake Shore Bancorp's E10 of $0.93 can be compared against companies in the Banks 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 Banks company?
A good E10 depends on the Banks 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 Lake Shore Bancorp and its competitors. Lake Shore Bancorp's current E10 is $0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lake Shore Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Lake Shore Bancorp (LSBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.04, compared to a current price of $16.92 — trading 20.5% above its estimated fair value. The current E10 is $0.93. Lake Shore Bancorp's overall GF Score™ is 63/100 with 3 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 Lake Shore Bancorp (LSBK), the current E10 is $0.93 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 Lake Shore Bancorp (LSBK) Overvalued in 2026?

Based on GuruFocus' analysis, Lake Shore Bancorp stock appears to be overvalued. The current stock price of $16.92 is trading 20.5% above its estimated GF Value™ of $14.04. GuruFocus considers Lake Shore Bancorp to be Modestly Overvalued.

Key valuation signals for LSBK:

  • E10: $0.93
  • GF Value™: $14.04 vs. price of $16.92 (20.5% above fair value)
  • GF Score™: 63/100 with 3 warning signs

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


Lake Shore Bancorp Business Description

Address 31 East Fourth Street, Dunkirk, NY, USA, 14048
Lake Shore Bancorp Inc operates as a savings and loan holding company. The bank's business consists of attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations, in commercial real estate loans, one-to-four family residential mortgage loans, home equity lines of credit, and, to a lesser extent, commercial business loans, consumer loans, and investment securities. Its revenues are principally derived from interest earned on loans and investment securities.
63GF Score

Get the complete analysis for LSBK

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

$16.92
Price
$14.04
GF Value