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George Weston (TSX:WN) E10 : C$5.71 (As of Mar. 2024)


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What is George Weston 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.

George Weston's adjusted earnings per share data for the three months ended in Mar. 2024 was C$1.730. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$5.71 for the trailing ten years ended in Mar. 2024.

During the past 12 months, George Weston's average E10 Growth Rate was 9.40% per year. During the past 3 years, the average E10 Growth Rate was 11.90% per year. During the past 5 years, the average E10 Growth Rate was 6.10% 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 George Weston was 11.90% per year. The lowest was -5.80% per year. And the median was 0.80% per year.

As of today (2024-05-14), George Weston's current stock price is C$190.82. George Weston's E10 for the quarter that ended in Mar. 2024 was C$5.71. George Weston's Shiller PE Ratio of today is 33.42.

During the past 13 years, the highest Shiller PE Ratio of George Weston was 40.17. The lowest was 16.53. And the median was 25.84.


George Weston E10 Historical Data

The historical data trend for George Weston'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.

George Weston E10 Chart

George Weston Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.74 4.02 3.93 5.00 5.64

George Weston 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 5.22 5.55 5.83 5.64 5.71

Competitive Comparison of George Weston's E10

For the Grocery Stores subindustry, George Weston'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.


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

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

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



George Weston 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, George Weston'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)
=1.73/125.4675*125.4675
=1.730

Current CPI (Mar. 2024) = 125.4675.

George Weston Quarterly Data

per share eps CPI Adj_EPS
201406 -1.710 99.473 -2.157
201409 0.300 99.394 0.379
201412 1.180 98.367 1.505
201503 1.230 99.789 1.547
201506 0.310 100.500 0.387
201509 1.150 100.421 1.437
201512 0.940 99.947 1.180
201603 0.290 101.054 0.360
201606 1.040 102.002 1.279
201609 1.970 101.765 2.429
201612 0.620 101.449 0.767
201703 0.840 102.634 1.027
201706 1.230 103.029 1.498
201709 3.250 103.345 3.946
201712 0.260 103.345 0.316
201803 1.400 105.004 1.673
201806 0.210 105.557 0.250
201809 0.400 105.636 0.475
201812 1.980 105.399 2.357
201903 -3.180 106.979 -3.730
201906 1.190 107.690 1.386
201909 0.440 107.611 0.513
201912 2.810 107.769 3.271
202003 3.780 107.927 4.394
202006 -1.660 108.401 -1.921
202009 1.960 108.164 2.274
202012 1.880 108.559 2.173
202103 -0.410 110.298 -0.466
202106 0.700 111.720 0.786
202109 0.820 112.905 0.911
202112 1.420 113.774 1.566
202203 2.450 117.646 2.613
202206 4.320 120.806 4.487
202209 6.140 120.648 6.385
202212 -0.730 120.964 -0.757
202303 3.010 122.702 3.078
202306 3.550 124.203 3.586
202309 4.410 125.230 4.418
202312 -0.300 125.468 -0.300
202403 1.730 125.468 1.730

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


George Weston  (TSX:WN) 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.

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

Shiller PE Ratio=Share Price/E10
=190.82/5.71
=33.42

* 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 George Weston was 40.17. The lowest was 16.53. And the median was 25.84.


Be Aware

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


George Weston E10 Related Terms

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


George Weston (TSX:WN) Business Description

Address
22 St. Clair Avenue East, Suite 1901, Toronto, ON, CAN, M4T 2S7
George Weston is a holding company that controls a 53% stake in retailer Loblaw and a 62% stake in Choice Properties, a real estate investment trust. Loblaw boasts the largest retail footprint across Canada with 2,500 food retail and pharmacy stores under banners such as Loblaw, No-Frills, Maxi, and Shoppers Drug Mart. Meanwhile, open-ended Choice Properties REIT owns and manages 702 commercial and residential properties in Canada, generating 57% of its gross rental revenue from its largest tenant Loblaw. Previously, George Weston sold its wholly owned bakery Weston Foods in 2022. The firm is controlled by the Weston family, which owns a 65% stake.
Executives
Richard Dufresne Senior Officer

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