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J&J Snack Foods Corp. (NAS:JJSF)
Shiller P/E Ratio
34.80 (As of Today)

As of today, J&J Snack Foods Corp.'s current share price is $96.95. J&J Snack Foods Corp.'s E10 for the quarter that ended in Dec. 2013 was $2.79. J&J Snack Foods Corp.'s Shiller P/E Ratio for today is 34.80.

JJSF' s 10-Year Shiller P/E Ratio Range
Min: 16.57   Max: 34.8
Current: 34.8

16.57
34.8

During the past 13 years, J&J Snack Foods Corp.'s highest Shiller P/E Ratio was 34.80. The lowest was 16.57. And the median was 24.52.

JJSF's Shiller P/E Ratiois ranked lower than
53% of the 681 Companies
in the Global Packaged Foods industry.

( Industry Median: 20.60 vs. JJSF: 34.80 )

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.

J&J Snack Foods Corp.'s adjusted earnings per share data for the three months ended in Dec. 2013 was $0.670. 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 $2.79 for the trailing six years ended in Dec. 2013.


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.

J&J Snack Foods Corp.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=96.95/2.79
=34.75

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

J&J Snack Foods Corp.'s E10 for the fiscal year that ended in Sep13 is calculated as:

For example, J&J Snack Foods Corp.'s adjusted earnings per share data for the three months ended in Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=0.66/233.049*236.511
=0.670

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

Current CPI = 236.511.

J&J Snack Foods Corp. Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 0.8480.2900.5500.9901.0330.5400.6701.1201.0790.660
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 0.8840.3040.5671.0201.0560.5560.6811.1341.0900.670
200903200906200909200912201003201006201009201012201103201106
per share eps 0.3900.8000.7900.3800.4800.8500.8800.3800.4601.240
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.4340.8770.8650.4160.5220.9220.9530.4100.4871.299
200803200806200809200812
per share eps 0.2100.5700.5890.230
CPI 213.528218.815218.783210.228
Adj_EPS 0.2330.6160.6370.259

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.

J&J Snack Foods Corp. Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ShillerPE 23.3327.1825.2124.3221.9725.6222.0921.9023.7029.95

J&J Snack Foods Corp. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 21.9024.3122.9725.2523.7026.1030.3829.7229.9531.79
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