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JC Penney Co Inc (NYSE:JCP)
Shiller PE Ratio
(As of Today)

As of today, JC Penney Co Inc's current share price is $5.57. JC Penney Co Inc's E10 for the quarter that ended in Jan. 2017 was $-0.34. JC Penney Co Inc's Shiller P/E Ratio for today is .

During the past 13 years, JC Penney Co Inc's highest Shiller P/E Ratio was 351.67. The lowest was 0.00. And the median was 15.66.

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.

JC Penney Co Inc's adjusted earnings per share data for the three months ended in Jan. 2017 was $0.610. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $-0.34 for the trailing ten years ended in Jan. 2017.


Definition

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.

JC Penney Co Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=5.57/-0.34
=

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JC Penney Co Inc's E10 for the fiscal year that ended in Jan17 is calculated as:

For example, JC Penney Co Inc's adjusted earnings per share data for the three months ended in Jan. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Jan. 2017 (Change)*Current CPI (Jan. 2017)
=0.61/241.471*241.471
=0.610

Current CPI (Jan. 2017) = 241.471.

JC Penney Co Inc Quarterly Data

201410201501201504201507201510201601201604201607201610201701
per share eps -0.620-0.020-0.490-0.380-0.380-0.430-0.220-0.180-0.2200.610
CPI 237.433233.707236.599238.654237.838236.916239.261240.628241.729241.471
Adj_EPS -0.631-0.021-0.500-0.384-0.386-0.438-0.222-0.181-0.2200.610
201204201207201210201301201304201307201310201401201404201407
per share eps -0.750-0.670-0.560-2.510-1.580-2.660-1.9401.040-1.150-0.560
CPI 230.085229.104231.317230.280232.531233.596233.546233.916237.072238.250
Adj_EPS -0.787-0.706-0.585-2.632-1.641-2.750-2.0061.074-1.171-0.568
200910201001201004201007201010201101201104201107201110201201
per share eps 0.1100.8600.2500.0600.1901.1300.2800.070-0.670-0.400
CPI 216.177216.687218.009218.011218.711220.223224.906225.922226.421226.665
Adj_EPS 0.1230.9580.2770.0660.2101.2390.3010.075-0.715-0.426
200704200707200710200801200804200807200810200901200904200907
per share eps 1.0400.8101.1701.9200.5400.5200.5600.9500.1100.000
CPI 206.686208.299208.936211.080214.823219.964216.573211.143213.240215.351
Adj_EPS 1.2150.9391.3522.1960.6070.5710.6241.0860.1250.000

Add all the adjusted EPS together and divide 10 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

JC Penney Co Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
ShillerPE 32.1310.9916.4315.6020.7213.914.207.6227.420.00

JC Penney Co Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
ShillerPE 6.877.629.9511.1315.8127.4268.07364.920.000.00
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