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Costco Wholesale (LTS:0I47) E10 : $11.58 (As of Feb. 2025)


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What is Costco Wholesale 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.

Costco Wholesale's adjusted earnings per share data for the three months ended in Feb. 2025 was $4.020. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $11.58 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Costco Wholesale's average E10 Growth Rate was 12.90% per year. During the past 3 years, the average E10 Growth Rate was 15.40% per year. During the past 5 years, the average E10 Growth Rate was 15.60% per year. During the past 10 years, the average E10 Growth Rate was 12.90% 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 Costco Wholesale was 19.40% per year. The lowest was 7.60% per year. And the median was 11.30% per year.

As of today (2025-03-25), Costco Wholesale's current stock price is $923.79. Costco Wholesale's E10 for the quarter that ended in Feb. 2025 was $11.58. Costco Wholesale's Shiller PE Ratio of today is 79.77.

During the past 13 years, the highest Shiller PE Ratio of Costco Wholesale was 94.02. The lowest was 35.07. And the median was 52.60.


Costco Wholesale E10 Historical Data

The historical data trend for Costco Wholesale'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.

Costco Wholesale E10 Chart

Costco Wholesale Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.16 7.20 8.68 9.86 11.08

Costco Wholesale Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 10.48 10.60 11.08 11.40 11.58

Competitive Comparison of Costco Wholesale's E10

For the Discount Stores subindustry, Costco Wholesale'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.


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

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

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



Costco Wholesale 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, Costco Wholesale's adjusted earnings per share data for the three months ended in Feb. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=4.02/134.6241*134.6241
=4.020

Current CPI (Feb. 2025) = 134.6241.

Costco Wholesale Quarterly Data

per share eps CPI Adj_EPS
201505 1.170 100.333 1.570
201508 1.730 100.548 2.316
201511 1.090 100.135 1.465
201602 1.240 100.040 1.669
201605 1.240 101.355 1.647
201608 1.770 101.617 2.345
201611 1.240 101.829 1.639
201702 1.170 102.779 1.533
201705 1.590 103.256 2.073
201708 2.080 103.587 2.703
201711 1.450 104.072 1.876
201802 1.590 105.052 2.038
201805 1.700 106.148 2.156
201808 2.360 106.383 2.986
201811 1.730 106.338 2.190
201902 2.010 106.649 2.537
201905 2.050 108.048 2.554
201908 2.470 108.245 3.072
201911 1.900 108.519 2.357
202002 2.100 109.139 2.590
202005 1.890 108.175 2.352
202008 3.130 109.662 3.842
202011 2.620 109.793 3.213
202102 2.140 110.968 2.596
202105 2.750 113.576 3.260
202108 3.760 115.421 4.386
202111 2.980 117.269 3.421
202202 2.920 119.703 3.284
202205 3.040 123.323 3.319
202208 4.200 124.958 4.525
202211 3.070 125.607 3.290
202302 3.300 126.928 3.500
202305 2.930 128.314 3.074
202308 4.860 129.538 5.051
202311 3.580 129.548 3.720
202402 3.920 130.930 4.031
202405 3.780 132.509 3.840
202408 5.290 132.816 5.362
202411 4.040 133.110 4.086
202502 4.020 134.624 4.020

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


Costco Wholesale  (LTS:0I47) 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.

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

Shiller PE Ratio=Share Price/E10
=923.79/11.58
=79.77

* 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 Costco Wholesale was 94.02. The lowest was 35.07. And the median was 52.60.


Be Aware

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


Costco Wholesale E10 Related Terms

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


Costco Wholesale Business Description

Address
999 Lake Drive, Issaquah, WA, USA, 98027
Costco operates a membership-based, no-frills retail model predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given its frugal cost structure, the firm is able to price its merchandise below that of competing retailers, driving high sales volume per warehouse and generating strong profits on thin margins. Costco operates over 600 warehouses in the United States and has over 60% share in the domestic warehouse club industry. Internationally, Costco operates another 280 warehouses, primarily in Canada, Mexico, Japan, and the UK.

Costco Wholesale Headlines

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