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LPP (FRA:1RY) E10 : €77.00 (As of Jan. 2024)


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What is LPP 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.

LPP's adjusted earnings per share data for the three months ended in Jan. 2024 was €61.217. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €77.00 for the trailing ten years ended in Jan. 2024.

During the past 12 months, LPP's average E10 Growth Rate was 23.40% 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 LPP was 8.30% per year. The lowest was -0.20% per year. And the median was 4.05% per year.

As of today (2024-06-04), LPP's current stock price is €3988.00. LPP's E10 for the quarter that ended in Jan. 2024 was €77.00. LPP's Shiller PE Ratio of today is 51.79.

During the past 13 years, the highest Shiller PE Ratio of LPP was 74.76. The lowest was 29.93. And the median was 44.20.


LPP E10 Historical Data

The historical data trend for LPP'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.

LPP E10 Chart

LPP Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Jan20 Jan21 Jan22 Jan23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.47 - 38.70 50.50 59.85

LPP Quarterly Data
Mar19 Jun19 Sep19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 59.85 62.30 67.52 68.07 77.00

Competitive Comparison of LPP's E10

For the Apparel Manufacturing subindustry, LPP'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.


LPP's Shiller PE Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, LPP's Shiller PE Ratio distribution charts can be found below:

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=61.217/148.3109*148.3109
=61.217

Current CPI (Jan. 2024) = 148.3109.

LPP Quarterly Data

per share eps CPI Adj_EPS
201403 -1.859 101.262 -2.723
201406 21.719 101.180 31.836
201409 10.627 100.611 15.665
201412 31.865 100.122 47.202
201503 -4.854 100.041 -7.196
201506 17.741 100.448 26.195
201509 10.352 99.634 15.410
201512 22.373 99.471 33.358
201603 -8.497 98.983 -12.732
201606 11.570 99.552 17.237
201609 -0.839 99.064 -1.256
201612 20.299 100.366 29.996
201703 -15.128 101.018 -22.210
201706 22.290 101.180 32.673
201709 10.924 101.343 15.987
201712 38.436 102.564 55.580
201803 -13.445 102.564 -19.442
201806 26.441 103.378 37.933
201809 11.750 103.378 16.857
201812 40.073 103.785 57.265
201903 -14.707 104.274 -20.918
201906 26.352 105.983 36.877
201909 2.518 105.983 3.524
202001 0.000 108.099 0.000
202004 -46.433 108.995 -63.182
202007 -3.930 109.158 -5.340
202010 31.667 109.402 42.930
202101 -5.643 110.948 -7.543
202104 2.758 113.553 3.602
202107 58.713 114.449 76.085
202110 80.262 116.891 101.837
202201 -19.805 121.368 -24.202
202204 34.307 127.554 39.890
202207 -46.360 132.357 -51.948
202210 50.609 137.973 54.401
202301 23.192 142.613 24.119
202304 13.907 147.009 14.030
202307 55.671 146.683 56.289
202310 72.970 146.520 73.862
202401 61.217 148.311 61.217

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


LPP  (FRA:1RY) 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.

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

Shiller PE Ratio=Share Price/E10
=3988.00/77
=51.79

* 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 LPP was 74.76. The lowest was 29.93. And the median was 44.20.


Be Aware

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


LPP E10 Related Terms

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


LPP (FRA:1RY) Business Description

Traded in Other Exchanges
Address
ul. Lakowa 39/44, Gdansk, POL, 80-769
LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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