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GuruFocus has detected 1 Warning Sign with Jewett-Cameron Trading Co Ltd $JCTCF.
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Jewett-Cameron Trading Co Ltd (NAS:JCTCF)
Shiller PE Ratio
17.90 (As of Today)

As of today, Jewett-Cameron Trading Co Ltd's current share price is $11.99. Jewett-Cameron Trading Co Ltd's E10 for the quarter that ended in Feb. 2017 was $0.67. Jewett-Cameron Trading Co Ltd's Shiller P/E Ratio for today is 17.90.

JCTCF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.41   Max: 28.47
Current: 17.78

7.41
28.47

During the past 13 years, Jewett-Cameron Trading Co Ltd's highest Shiller P/E Ratio was 28.47. The lowest was 7.41. And the median was 16.70.

JCTCF's Shiller PE Ratio is ranked higher than
75% of the 64 Companies
in the Global Lumber & Wood Production industry.

( Industry Median: 45.17 vs. JCTCF: 17.78 )

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 Feb. 2017 was $0.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.67 for the trailing ten years ended in Feb. 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.

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

Shiller P/E Ratio=Share Price/E10
=11.99/0.67
=17.90

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

Jewett-Cameron Trading Co Ltd's E10 for the fiscal year that ended in Aug16 is calculated as:

For example, Jewett-Cameron Trading Co Ltd's adjusted earnings per share data for the three months ended in Feb. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Feb. 2017 (Change)*Current CPI (Feb. 2017)
=0.14/243.603*243.603
=0.140

Current CPI (Feb. 2017) = 243.603.

Jewett-Cameron Trading Co Ltd Quarterly Data

201411201502201505201508201511201602201605201608201611201702
per share eps 0.1200.1100.1800.2800.2100.0500.3700.2300.2100.140
CPI 236.151234.722237.805238.316237.336237.111240.229240.849241.353243.603
Adj_EPS 0.1240.1140.1840.2860.2160.0510.3750.2330.2120.140
201205201208201211201302201305201308201311201402201405201408
per share eps 0.2900.2400.1500.2500.3200.2700.1100.0800.3300.130
CPI 229.815230.379230.221232.166232.945233.877233.069234.781237.900237.852
Adj_EPS 0.3070.2540.1590.2620.3350.2810.1150.0830.3380.133
200911201002201005201008201011201102201105201108201111201202
per share eps 0.0150.0450.1650.190-0.1850.1250.1500.1600.0150.355
CPI 216.330216.741218.178218.312218.803221.309225.964226.545226.230227.663
Adj_EPS 0.0170.0510.1840.212-0.2060.1380.1620.1720.0160.380
200705200708200711200802200805200808200811200902200905200908
per share eps 0.1600.1950.0800.1050.2000.1600.0600.0550.1000.115
CPI 207.949207.917210.177211.693216.632219.086212.425212.193213.856215.834
Adj_EPS 0.1870.2280.0930.1210.2250.1780.0690.0630.1140.130

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.

Jewett-Cameron Trading Co Ltd Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
ShillerPE 21.4813.2310.0210.7113.5812.3225.4717.5015.4219.15

Jewett-Cameron Trading Co Ltd Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
ShillerPE 18.3218.0320.5015.4216.8916.7418.9919.1517.6417.87
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