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Loblaw (STU:L8G) E10 : €3.01 (As of Dec. 2024)


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What is Loblaw 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.

Loblaw's adjusted earnings per share data for the three months ended in Dec. 2024 was €1.019. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.01 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Loblaw's average E10 Growth Rate was 20.50% per year. During the past 3 years, the average E10 Growth Rate was 17.20% per year. During the past 5 years, the average E10 Growth Rate was 14.00% per year. During the past 10 years, the average E10 Growth Rate was 9.00% 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 Loblaw was 17.20% per year. The lowest was -10.00% per year. And the median was 5.45% per year.

As of today (2025-03-16), Loblaw's current stock price is €119.00. Loblaw's E10 for the quarter that ended in Dec. 2024 was €3.01. Loblaw's Shiller PE Ratio of today is 39.53.

During the past 13 years, the highest Shiller PE Ratio of Loblaw was 44.89. The lowest was 20.84. And the median was 30.55.


Loblaw E10 Historical Data

The historical data trend for Loblaw'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.

Loblaw E10 Chart

Loblaw Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 1.95 2.25 2.53 3.01

Loblaw Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 2.53 2.64 2.76 2.91 3.01

Competitive Comparison of Loblaw's E10

For the Grocery Stores subindustry, Loblaw'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.


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

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

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



Loblaw 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, Loblaw's adjusted earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=1.019/127.3637*127.3637
=1.019

Current CPI (Dec. 2024) = 127.3637.

Loblaw Quarterly Data

per share eps CPI Adj_EPS
201412 0.464 98.367 0.601
201503 0.256 99.789 0.327
201506 0.317 100.500 0.402
201509 0.269 100.421 0.341
201512 0.154 99.947 0.196
201603 0.319 101.054 0.402
201606 0.269 102.002 0.336
201609 0.700 101.765 0.876
201612 0.348 101.449 0.437
201703 0.405 102.634 0.503
201706 0.602 103.029 0.744
201709 1.531 103.345 1.887
201712 0.060 103.345 0.074
201803 0.615 105.004 0.746
201806 0.085 105.557 0.103
201809 0.184 105.636 0.222
201812 0.386 105.399 0.466
201903 0.351 106.979 0.418
201906 0.513 107.690 0.607
201909 0.617 107.611 0.730
201912 0.478 107.769 0.565
202003 0.428 107.927 0.505
202009 0.616 108.164 0.725
202012 0.622 108.559 0.730
202103 0.601 110.298 0.694
202106 0.740 111.720 0.844
202109 0.852 112.905 0.961
202112 1.514 113.774 1.695
202203 0.932 117.646 1.009
202206 0.857 120.806 0.904
202209 1.280 120.648 1.351
202212 1.098 120.964 1.156
202303 0.881 122.702 0.914
202306 1.098 124.203 1.126
202309 1.350 125.230 1.373
202312 1.169 125.072 1.190
202403 0.999 126.258 1.008
202406 1.003 127.522 1.002
202409 1.683 127.285 1.684
202412 1.019 127.364 1.019

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


Loblaw  (STU:L8G) 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.

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

Shiller PE Ratio=Share Price/E10
=119.00/3.01
=39.53

* 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 Loblaw was 44.89. The lowest was 20.84. And the median was 30.55.


Be Aware

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


Loblaw E10 Related Terms

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


Loblaw Business Description

Traded in Other Exchanges
Address
1 President’s Choice Circle, Brampton, ON, CAN, L6Y 5S5
Loblaw is Canada's largest retailer, operating 2,460 food retail and pharmacy stores across the country. Its main grocery banners include Loblaw, No Frills, and Maxi, and its pharmacy stores are mostly under the Shoppers Drug Mart banner, which it acquired in 2014. In addition to brand-name offerings, Loblaw offers private-label products under the President's Choice and No Name brands. Beyond retail, Loblaw runs the PC Optimum loyalty program and also offers credit cards and insurance brokerage, which are collectively referred to as financial services. George Weston is Loblaw's controlling shareholder with a 53% stake.

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