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JPMorgan Chase & Co (NYSE:JPM)
Shiller PE Ratio
18.75 (As of Today)

As of today, JPMorgan Chase & Co's current share price is $87.00. JPMorgan Chase & Co's E10 for the quarter that ended in Dec. 2016 was $4.64. JPMorgan Chase & Co's Shiller P/E Ratio for today is 18.75.

JPM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.49   Max: 2234
Current: 18.77

9.49
2234

During the past 13 years, JPMorgan Chase & Co's highest Shiller P/E Ratio was 2234.00. The lowest was 9.49. And the median was 15.71.

JPM's Shiller PE Ratio is ranked higher than
56% of the 479 Companies
in the Global Banks - Global industry.

( Industry Median: 20.93 vs. JPM: 18.77 )

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.

JPMorgan Chase & Co's adjusted earnings per share data for the three months ended in Dec. 2016 was $1.710. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.64 for the trailing ten years ended in Dec. 2016.


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.

JPMorgan Chase & Co's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=87.00/4.64
=18.75

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

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

For example, JPMorgan Chase & Co'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)
=1.71/241.432*241.432
=1.710

Current CPI (Dec. 2016) = 241.432.

JPMorgan Chase & Co Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 1.2001.4501.5401.6801.3201.3501.5501.5801.7101.650
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.985
Adj_EPS 1.2341.4831.5581.7051.3471.3691.5531.5801.7101.633
201206201209201212201303201306201309201312201403201406201409
per share eps 1.2101.4001.3901.5901.600-0.1701.2901.2801.4601.350
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 1.2731.4611.4621.6491.654-0.1751.3361.3081.4791.369
200912201003201006201009201012201103201106201109201112201203
per share eps 0.7500.7401.0901.0101.1201.2801.2701.0200.9001.190
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.8390.8211.2071.1161.2341.3831.3581.0850.9631.252
200706200709200712200803200806200809200812200903200906200909
per share eps 1.2000.9700.8600.6800.5300.0900.0400.4000.2800.820
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 1.3911.1230.9890.7690.5850.0990.0460.4540.3130.917

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.

JPMorgan Chase & Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 86.84117.951,760.2715.7310.6712.2416.0315.5815.1318.62

JPMorgan Chase & Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 15.5814.6915.8214.1015.1313.4713.7414.5718.620.00
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