GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Lennar Corp (NYSE:LEN) » Definitions » E10

LEN (Lennar) E10 : $10.30 (As of May. 2025)


View and export this data going back to 1972. Start your Free Trial

What is Lennar 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.

Lennar's adjusted earnings per share data for the three months ended in May. 2025 was $1.810. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $10.30 for the trailing ten years ended in May. 2025.

During the past 12 months, Lennar's average E10 Growth Rate was 10.80% per year. During the past 3 years, the average E10 Growth Rate was 20.50% per year. During the past 5 years, the average E10 Growth Rate was 26.30% 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 Lennar was 60.90% per year. The lowest was -36.00% per year. And the median was 12.60% per year.

As of today (2025-07-15), Lennar's current stock price is $107.73. Lennar's E10 for the quarter that ended in May. 2025 was $10.30. Lennar's Shiller PE Ratio of today is 10.46.

During the past 13 years, the highest Shiller PE Ratio of Lennar was 69.25. The lowest was 9.14. And the median was 16.75.


Lennar E10 Historical Data

The historical data trend for Lennar'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.

Lennar E10 Chart

Lennar Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 5.68 7.28 8.62 9.93

Lennar Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
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 9.30 9.64 9.93 10.17 10.30

Competitive Comparison of Lennar's E10

For the Residential Construction subindustry, Lennar'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.


Lennar's Shiller PE Ratio Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Shiller PE Ratio distribution charts can be found below:

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


;
;

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

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2025 (Change)*Current CPI (May. 2025)
=1.81/135.3468*135.3468
=1.810

Current CPI (May. 2025) = 135.3468.

Lennar Quarterly Data

per share eps CPI Adj_EPS
201508 0.941 100.548 1.267
201511 1.186 100.135 1.603
201602 0.618 100.040 0.836
201605 0.931 101.355 1.243
201608 0.990 101.617 1.319
201611 1.314 101.829 1.747
201702 0.160 102.779 0.211
201705 0.890 103.256 1.167
201708 1.040 103.587 1.359
201711 1.290 104.072 1.678
201802 0.530 105.052 0.683
201805 0.940 106.148 1.199
201808 1.370 106.383 1.743
201811 2.420 106.338 3.080
201902 0.740 106.649 0.939
201905 1.300 108.048 1.628
201908 1.590 108.245 1.988
201911 2.130 108.519 2.657
202002 1.270 109.139 1.575
202005 1.650 108.175 2.064
202008 2.120 109.662 2.617
202011 2.820 109.793 3.476
202102 3.200 110.968 3.903
202105 2.650 113.576 3.158
202108 4.520 115.421 5.300
202111 3.910 117.269 4.513
202202 1.690 119.703 1.911
202205 4.490 123.323 4.928
202208 5.030 124.958 5.448
202211 4.550 125.607 4.903
202302 2.060 126.928 2.197
202305 3.010 128.314 3.175
202308 3.870 129.538 4.044
202311 4.820 129.548 5.036
202402 2.570 130.930 2.657
202405 3.450 132.509 3.524
202408 4.260 132.816 4.341
202411 4.060 133.110 4.128
202502 1.960 134.624 1.971
202505 1.810 135.347 1.810

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


Lennar  (NYSE:LEN) 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.

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

Shiller PE Ratio=Share Price/E10
=107.73/10.30
=10.46

* 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 Lennar was 69.25. The lowest was 9.14. And the median was 16.75.


Be Aware

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


Lennar E10 Related Terms

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


Lennar Business Description

Address
5505 Waterford District Drive, Miami, FL, USA, 33126
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, active adult, and luxury homebuyers mainly under the Lennar brand name. Lennar's financial services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for-rent construction and has invested in numerous housing-related technology startups.
Executives
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
Diane J Bessette officer: VP/CFO/Treasurer LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Mark Sustana officer: VP/General Counsel/Secretary LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
David M Collins officer: VP & Controller LENNAR CORPORATION, 700 NW 107 AVENUE STE 400, MIAMI FL 33172
Jeffrey Joseph Mccall officer: Executive Vice President 26 TECHNOLOGY DRIVE, IRVINE CA 92618
Dacona Smith director 5505 BLUE LAGOON DRIVE, MIAMI FL 33126
Serena Wolfe director ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Jonathan M Jaffe director, officer: Vice President LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Scott D Stowell director
Irving Bolotin director LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
Armando J Olivera director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jeffrey Sonnenfeld director 14 WALL ST 13TH FL, NEW YORK NY 10005
Theron I Gilliam director GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084