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

As of today, JPMorgan Chase & Co's current share price is $88.27. JPMorgan Chase & Co's E10 for the quarter that ended in Dec. 2016 was $4.63. JPMorgan Chase & Co's Shiller P/E Ratio for today is 19.06.

JPM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.49   Max: 2234
Current: 19.05

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 15.30.

JPM's Shiller PE Ratio is ranked higher than
55% of the 496 Companies
in the Global Banks - Global industry.

( Industry Median: 20.63 vs. JPM: 19.05 )

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 $4.63 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
=88.27/4.63
=19.06

* 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

201409201412201503201506201509201512201603201606201609201612
per share eps 1.3501.2001.4501.5401.6801.3201.3501.5501.5801.710
CPI 238.031234.812236.119238.638237.945236.525238.132241.018241.428241.432
Adj_EPS 1.3691.2341.4831.5581.7051.3471.3691.5531.5801.710
201203201206201209201212201303201306201309201312201403201406
per share eps 1.1901.2101.4001.3901.5901.600-0.1701.2901.2801.460
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 1.2521.2731.4611.4621.6491.654-0.1751.3361.3081.479
200909200912201003201006201009201012201103201106201109201112
per share eps 0.8200.7500.7401.0901.0101.1201.2801.2701.0200.900
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.9170.8390.8211.2071.1161.2341.3831.3581.0850.963
200703200706200709200712200803200806200809200812200903200906
per share eps 1.3401.2000.9700.8600.6800.5300.0900.0400.4000.280
CPI 205.352208.352208.490210.036213.528218.815218.783210.228212.709215.693
Adj_EPS 1.5751.3911.1230.9890.7690.5850.0990.0460.4540.313

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 87.39119.151,991.8415.7410.6812.2516.0515.6015.1418.63

JPMorgan Chase & Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ShillerPE 15.0915.6014.7115.8314.1115.1413.3513.7514.5818.63
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