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Johnson & Johnson (NYSE:JNJ)
Shiller PE Ratio
24.93 (As of Today)

As of today, Johnson & Johnson's current share price is $124.92. Johnson & Johnson's E10 for the quarter that ended in Dec. 2016 was $5.01. Johnson & Johnson's Shiller P/E Ratio for today is 24.93.

JNJ' s Shiller PE Ratio Range Over the Past 10 Years
Min: 15.52   Max: 26.8
Current: 24.93


During the past 13 years, Johnson & Johnson's highest Shiller P/E Ratio was 26.80. The lowest was 15.52. And the median was 20.85.

JNJ's Shiller PE Ratio is ranked higher than
76% of the 164 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 44.73 vs. JNJ: 24.93 )

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 Dec. 2016 was $1.380. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.01 for the trailing ten years ended in Dec. 2016.


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 local exchange's currency.

Johnson & Johnson's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, Johnson & Johnson's adjusted earnings per share data for the three months ended in Dec. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2016 (Change)*Current CPI (Dec. 2016)

Current CPI (Dec. 2016) = 241.432.

Johnson & Johnson Quarterly Data

per share eps 1.6600.8901.5301.6101.2001.1501.5401.4301.5301.380
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 1.6840.9151.5641.6291.2181.1741.5611.4321.5301.380
per share eps 1.4100.5001.0500.9001.2201.3301.0401.2301.6401.510
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.4840.5261.0950.9461.2651.3751.0721.2741.6761.530
per share eps 1.2000.7901.6201.2301.2300.7001.2501.0001.1500.090
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 1.3410.8831.7971.3621.3590.7711.3501.0701.2240.096
per share eps 0.8801.0500.8800.8201.2601.1701.1700.9701.2601.150
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 1.0351.2171.0190.9431.4251.2911.2911.1141.4301.287

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 local exchange's currency.

Johnson & Johnson Annual Data

ShillerPE 25.0920.1519.4616.9816.9817.3421.4323.0321.7322.98

Johnson & Johnson Quarterly Data

ShillerPE 23.5223.0321.7620.6319.8821.7322.5624.8924.0322.98
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