Switch to:
Johnson & Johnson (NYSE:JNJ)
Shiller P/E Ratio
21.69 (As of Today)

As of today, Johnson & Johnson's current share price is $102.37. Johnson & Johnson's E10 for the quarter that ended in Sep. 2015 was $4.72. Johnson & Johnson's Shiller P/E Ratio for today is 21.69.

JNJ' s 10-Year Shiller P/E Ratio Range
Min: 15.49   Max: 32.27
Current: 21.72


During the past 13 years, Johnson & Johnson's highest Shiller P/E Ratio was 32.27. The lowest was 15.49. And the median was 20.94.

JNJ's Shiller P/E Ratiois ranked higher than
85% of the 137 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 57.03 vs. JNJ: 21.72 )

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.

Johnson & Johnson's adjusted earnings per share data for the three months ended in Sep. 2015 was $1.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.72 for the trailing ten years ended in Sep. 2015.


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.

Johnson & Johnson's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10

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

Johnson & Johnson's E10 for the fiscal year that ended in Dec14 is calculated as:

For example, Johnson & Johnson's adjusted earnings per share data for the three months ended in Sep. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2015 (Change)*Current CPI (Sep. 2015)

Current CPI (Sep. 2015) = 237.945.

Johnson & Johnson Quarterly Data

per share eps 1.3301.0401.2261.6401.5101.6600.8871.5301.6101.200
CPI 233.504234.149233.049236.293238.343238.031234.812236.119238.638237.945
Adj_EPS 1.3551.0571.2521.6511.5071.6590.8991.5421.6051.200
per share eps 0.6991.2501.0001.1500.0791.4100.5001.0500.9051.220
CPI 219.179223.467225.722226.889225.672229.392229.478231.407229.601232.773
Adj_EPS 0.7591.3311.0541.2060.0831.4630.5181.0800.9381.247
per share eps 1.1701.1700.9701.2601.1501.2000.7901.6201.2301.230
CPI 218.815218.783210.228212.709215.693215.969215.949217.631217.965218.439
Adj_EPS 1.2721.2721.0981.4091.2691.3220.8701.7711.3431.340
per share eps 0.7011.1000.9500.9400.7380.8801.0500.8800.8231.260
CPI 196.800199.800202.900202.900201.800205.352208.352208.490210.036213.528
Adj_EPS 0.8481.3101.1141.1020.8701.0201.1991.0040.9321.404

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


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.

Johnson & Johnson Annual Data

ShillerPE 27.9227.9924.9620.0919.4216.9416.9517.4421.3622.94

Johnson & Johnson Quarterly Data

ShillerPE 20.3720.4821.3622.3723.3423.4222.9421.8920.7419.79
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership