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Tapestry (LTS:0LD5) E10 : $2.26 (As of Mar. 2024)


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What is Tapestry 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.

Tapestry's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.26 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Tapestry's average E10 Growth Rate was 0.90% per year. During the past 3 years, the average E10 Growth Rate was 1.80% per year. During the past 5 years, the average E10 Growth Rate was -3.20% per year. During the past 10 years, the average E10 Growth Rate was -1.10% 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 Tapestry was 22.20% per year. The lowest was -6.80% per year. And the median was 1.60% per year.

As of today (2024-06-09), Tapestry's current stock price is $43.475. Tapestry's E10 for the quarter that ended in Mar. 2024 was $2.26. Tapestry's Shiller PE Ratio of today is 19.24.

During the past 13 years, the highest Shiller PE Ratio of Tapestry was 26.84. The lowest was 4.60. And the median was 15.45.


Tapestry E10 Historical Data

The historical data trend for Tapestry'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.

Tapestry E10 Chart

Tapestry Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.61 2.05 2.17 2.24 2.27

Tapestry Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.23 2.27 2.26 2.24 2.26

Competitive Comparison of Tapestry's E10

For the Luxury Goods subindustry, Tapestry'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.


Tapestry's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

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

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



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

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.6/131.7762*131.7762
=0.600

Current CPI (Mar. 2024) = 131.7762.

Tapestry Quarterly Data

per share eps CPI Adj_EPS
201406 0.270 100.560 0.354
201409 0.430 100.428 0.564
201412 0.660 99.070 0.878
201503 0.320 99.621 0.423
201506 0.040 100.684 0.052
201509 0.350 100.392 0.459
201512 0.610 99.792 0.806
201603 0.400 100.470 0.525
201606 0.290 101.688 0.376
201609 0.420 101.861 0.543
201612 0.710 101.863 0.919
201703 0.430 102.862 0.551
201706 0.530 103.349 0.676
201709 -0.060 104.136 -0.076
201712 0.220 104.011 0.279
201803 0.480 105.290 0.601
201806 0.730 106.317 0.905
201809 0.420 106.507 0.520
201812 0.880 105.998 1.094
201903 0.400 107.251 0.491
201906 0.510 108.070 0.622
201909 0.070 108.329 0.085
201912 1.080 108.420 1.313
202003 -2.450 108.902 -2.965
202006 -1.060 108.767 -1.284
202009 0.830 109.815 0.996
202012 1.110 109.897 1.331
202103 0.320 111.754 0.377
202106 0.690 114.631 0.793
202109 0.800 115.734 0.911
202112 1.150 117.630 1.288
202203 0.460 121.301 0.500
202206 0.750 125.017 0.791
202209 0.790 125.227 0.831
202212 1.360 125.222 1.431
202303 0.780 127.348 0.807
202306 0.950 128.729 0.972
202309 0.840 129.860 0.852
202312 1.390 129.419 1.415
202403 0.600 131.776 0.600

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


Tapestry  (LTS:0LD5) 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.

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

Shiller PE Ratio=Share Price/E10
=43.475/2.26
=19.24

* 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 Tapestry was 26.84. The lowest was 4.60. And the median was 15.45.


Be Aware

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


Tapestry E10 Related Terms

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


Tapestry (LTS:0LD5) Business Description

Traded in Other Exchanges
Address
10 Hudson Yards, New York, NY, USA, 10001
Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (66% of fiscal 2023 sales), Europe, Asia (29% of fiscal 2023 sales), and elsewhere. Coach (75% of fiscal 2023 sales) is best known for affordable luxury leather products. Kate Spade (21% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2023. Stuart Weitzman (4% of sales) generates nearly all its revenue from women's footwear. In August 2023, Tapestry agreed to acquire rival Capri and its three brands, Michael Kors, Versace, and Jimmy Choo.

Tapestry (LTS:0LD5) Headlines

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