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Jewett-Cameron Trading Co Ltd (NAS:JCTCF)
Shiller P/E Ratio
16.98 (As of Today)

As of today, Jewett-Cameron Trading Co Ltd's current share price is $10.36. Jewett-Cameron Trading Co Ltd's E10 for the quarter that ended in Aug. 2014 was $0.61. Jewett-Cameron Trading Co Ltd's Shiller P/E Ratio for today is 16.98.

JCTCF' s 10-Year Shiller P/E Ratio Range
Min: 5.88   Max: 33.59
Current: 17

5.88
33.59

During the past 13 years, Jewett-Cameron Trading Co Ltd's highest Shiller P/E Ratio was 33.59. The lowest was 5.88. And the median was 13.89.

JCTCF's Shiller P/E Ratiois ranked higher than
89% of the 425 Companies
in the Global Lumber & Wood Production industry.

( Industry Median: 9999.00 vs. JCTCF: 17.00 )

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.

Jewett-Cameron Trading Co Ltd's adjusted earnings per share data for the three months ended in Aug. 2014 was $0.127. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $0.61 for the trailing six years ended in Aug. 2014.


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.

Jewett-Cameron Trading Co Ltd's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=10.36/0.61
=16.98

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Jewett-Cameron Trading Co Ltd's E10 for the fiscal year that ended in Aug14 is calculated as:

For example, Jewett-Cameron Trading Co Ltd's adjusted earnings per share data for the three months ended in Aug. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Aug. 2014*CPI of Current
=0.128/237.852*235.51
=0.127

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 235.51.

Jewett-Cameron Trading Co Ltd Quarterly Data

201205201208201211201302201305201308201311201402201405201408
per share eps 0.2900.2460.1500.2500.3200.2690.1100.0800.3300.128
CPI 229.815230.379230.221232.166232.945233.877233.069234.781237.900237.852
Adj_EPS 0.2970.2510.1530.2540.3240.2710.1110.0800.3270.127
200911201002201005201008201011201102201105201108201111201202
per share eps 0.0150.0450.1650.190-0.1850.1250.1500.1690.0150.355
CPI 216.330216.741218.178218.312218.803221.309225.964226.545226.230227.663
Adj_EPS 0.0160.0490.1780.205-0.1990.1330.1560.1760.0160.367
200811200902200905200908
per share eps 0.0600.0550.1000.115
CPI 212.425212.193213.856215.834
Adj_EPS 0.0670.0610.1100.125

Add all the adjusted EPS together and divide 6 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 own currency.

Jewett-Cameron Trading Co Ltd Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
ShillerPE 20.0517.0516.9010.697.687.9710.149.8221.8816.27

Jewett-Cameron Trading Co Ltd Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ShillerPE 9.079.8212.4614.6318.0721.8817.0416.4915.8316.27
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