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Walmart E10

: $4.74 (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.

Walmart's adjusted earnings per share data for the three months ended in Jan. 2021 was $-0.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.74 for the trailing ten years ended in Jan. 2021.

As of today (2021-03-03), Walmart's current stock price is $130.110000. Walmart's E10 for the quarter that ended in Jan. 2021 was $4.74. Walmart's Shiller PE Ratio of today is 27.45.

During the past 13 years, the highest Shiller PE Ratio of Walmart was 30.93. The lowest was 13.00. And the median was 18.78.


Walmart 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.

Walmart Annual Data
Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.62 4.68 4.58 4.77 4.74

Walmart 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 4.77 4.76 4.94 5.01 4.74

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.


Walmart E10 Distribution

* The bar in red indicates where Walmart's E10 falls into.



Walmart 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, Walmart'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)
=-0.74/109.8968*109.8968
=-0.740

Current CPI (Jan. 2021) = 109.8968.

Walmart Quarterly Data

per share eps CPI Adj_EPS
201104 0.970 95.337 1.118
201107 1.090 95.582 1.253
201110 0.960 95.449 1.105
201201 1.500 96.053 1.716
201204 1.090 96.961 1.235
201207 1.180 97.199 1.334
201210 1.080 97.133 1.222
201301 1.670 97.953 1.874
201304 1.140 98.282 1.275
201307 1.240 98.675 1.381
201310 1.140 98.334 1.274
201401 1.360 99.057 1.509
201404 1.110 100.373 1.215
201407 1.260 100.352 1.380
201410 1.150 99.635 1.268
201501 1.530 99.032 1.698
201504 1.030 100.333 1.128
201507 1.080 100.548 1.180
201510 1.030 100.135 1.130
201601 1.430 100.040 1.571
201604 0.980 101.355 1.063
201607 1.210 101.617 1.309
201610 0.980 101.829 1.058
201701 1.220 102.779 1.304
201704 1.000 103.256 1.064
201707 0.960 103.587 1.018
201710 0.580 104.072 0.612
201801 0.730 105.052 0.764
201804 0.720 106.148 0.745
201807 -0.290 106.383 -0.300
201810 0.580 106.338 0.599
201901 1.270 106.649 1.309
201904 1.330 108.048 1.353
201907 1.260 108.245 1.279
201910 1.150 108.519 1.165
202001 1.450 109.139 1.460
202004 1.400 108.175 1.422
202007 2.270 109.662 2.275
202010 1.800 109.793 1.802
202101 -0.740 109.897 -0.740

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


Walmart  (NYSE:WMT) 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.

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

Shiller PE Ratio=Share Price/E10
=130.110000/4.74
=27.45

* 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 Walmart was 30.93. The lowest was 13.00. And the median was 18.78.


Be Aware

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


Walmart E10 Related Terms


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