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La-Z-Boy E10

: $1.56 (As of Jan. 2021)
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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.

La-Z-Boy's adjusted earnings per share data for the three months ended in Jan. 2021 was $0.620. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $1.56 for the trailing ten years ended in Jan. 2021.

As of today (2021-03-07), La-Z-Boy's current stock price is $41.350000. La-Z-Boy's E10 for the quarter that ended in Jan. 2021 was $1.56. La-Z-Boy's Shiller PE Ratio of today is 26.51.

During the past 13 years, the highest Shiller PE Ratio of La-Z-Boy was 206.47. The lowest was 11.62. And the median was 53.29.


La-Z-Boy E10 Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

La-Z-Boy Annual Data
Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.68 0.91 1.37 1.46

La-Z-Boy Quarterly Data
Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21
E10 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 Premium Member Only Premium Member Only Premium Member Only 1.50 1.46 1.45 1.52 1.56

Competitive Comparison
* 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.


La-Z-Boy E10 Distribution

* The bar in red indicates where La-Z-Boy's E10 falls into.



La-Z-Boy 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, La-Z-Boy's adjusted earnings per share data for the three months ended in Jan. 2021 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2021 (Change)*Current CPI (Jan. 2021)
=0.62/109.8968*109.8968
=0.620

Current CPI (Jan. 2021) = 109.8968.

La-Z-Boy Quarterly Data

per share eps CPI Adj_EPS
201104 0.190 95.337 0.219
201107 0.850 95.582 0.977
201110 0.150 95.449 0.173
201201 0.280 96.053 0.320
201204 0.360 96.961 0.408
201207 0.080 97.199 0.090
201210 0.120 97.133 0.136
201301 0.320 97.953 0.359
201304 0.330 98.282 0.369
201307 0.180 98.675 0.200
201310 0.310 98.334 0.346
201401 0.310 99.057 0.344
201404 0.230 100.373 0.252
201407 0.250 100.352 0.274
201410 0.370 99.635 0.408
201501 0.340 99.032 0.377
201504 0.390 100.333 0.427
201507 0.270 100.548 0.295
201510 0.410 100.135 0.450
201601 0.430 100.040 0.472
201604 0.440 101.355 0.477
201607 0.280 101.617 0.303
201610 0.420 101.829 0.453
201701 0.470 102.779 0.503
201704 0.570 103.256 0.607
201707 0.240 103.587 0.255
201710 0.470 104.072 0.496
201801 0.250 105.052 0.262
201804 0.720 106.148 0.745
201807 0.390 106.383 0.403
201810 0.420 106.338 0.434
201901 0.610 106.649 0.629
201904 0.030 108.048 0.031
201907 0.380 108.245 0.386
201910 0.480 108.519 0.486
202001 0.740 109.139 0.745
202004 0.050 108.175 0.051
202007 0.100 109.662 0.100
202010 0.750 109.793 0.751
202101 0.620 109.897 0.620

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


La-Z-Boy  (NYSE:LZB) 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.

La-Z-Boy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=41.350000/1.56
=26.51

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of La-Z-Boy was 206.47. The lowest was 11.62. And the median was 53.29.


Be Aware

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


La-Z-Boy E10 Related Terms


La-Z-Boy E10 Headlines

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