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Jewett-Cameron Trading Company, Ltd. (NAS:JCTCF)
Shiller P/E Ratio
17.40 (As of Today)

As of today, Jewett-Cameron Trading Company, Ltd.'s current share price is $10.45. Jewett-Cameron Trading Company, Ltd.'s E10 for the quarter that ended in Feb. 2014 was $0.60. Jewett-Cameron Trading Company, Ltd.'s Shiller P/E Ratio for today is 17.40.

JCTCF' s 10-Year Shiller P/E Ratio Range
Min: 5.88   Max: 33.59
Current: 17.4

5.88
33.59

During the past 13 years, Jewett-Cameron Trading Company, Ltd.'s highest Shiller P/E Ratio was 33.59. The lowest was 5.88. And the median was 13.50.

JCTCF's Shiller P/E Ratiois ranked higher than
65% of the 142 Companies
in the Global Lumber & Wood Production industry.

( Industry Median: 17.20 vs. JCTCF: 17.40 )

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 Company, Ltd.'s adjusted earnings per share data for the three months ended in Feb. 2014 was $0.081. 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 $0.60 for the trailing six years ended in Feb. 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 Company, Ltd.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=10.45/0.60
=17.42

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

Jewett-Cameron Trading Company, Ltd.'s E10 for the fiscal year that ended in Aug13 is calculated as:

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

Adj_EPS=Earnigns per Share/CPI of Feb. 2014*CPI of Current
=0.08/234.781*236.511
=0.081

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

Jewett-Cameron Trading Company, Ltd. Quarterly Data

201111201202201205201208201211201302201305201308201311201402
per share eps 0.0150.3550.2900.2460.1500.2500.3200.2690.1100.080
CPI 226.230227.663229.815230.379230.221232.166232.945233.877233.069234.781
Adj_EPS 0.0160.3690.2980.2530.1540.2550.3250.2720.1120.081
200905200908200911201002201005201008201011201102201105201108
per share eps 0.1000.1150.0150.0450.1650.190-0.1850.1250.1500.169
CPI 213.856215.834216.330216.741218.178218.312218.803221.309225.964226.545
Adj_EPS 0.1110.1260.0160.0490.1790.206-0.2000.1340.1570.176
200805200808200811200902
per share eps 0.2000.1600.0600.055
CPI 216.632219.086212.425212.193
Adj_EPS 0.2180.1730.0670.061

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 Company, Ltd. Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
ShillerPE 15.1619.9616.9816.9610.737.717.9310.089.8521.73

Jewett-Cameron Trading Company, Ltd. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ShillerPE 9.339.799.109.8512.4914.6718.1121.7316.9316.55
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