Switch to:
JPMorgan Chase & Co (NYSE:JPM)
Shiller P/E Ratio
13.91 (As of Today)

As of today, JPMorgan Chase & Co's current share price is $61.74. JPMorgan Chase & Co's E10 for the quarter that ended in Mar. 2016 was $4.44. JPMorgan Chase & Co's Shiller P/E Ratio for today is 13.91.

JPM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 5.79   Max: 18.17
Current: 13.93

5.79
18.17

During the past 13 years, JPMorgan Chase & Co's highest Shiller P/E Ratio was 18.17. The lowest was 5.79. And the median was 14.72.

JPM's Shiller P/E Ratio is ranked higher than
64% of the 504 Companies
in the Global Banks - Global industry.

( Industry Median: 17.22 vs. JPM: 13.93 )

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.

JPMorgan Chase & Co's adjusted earnings per share data for the three months ended in Mar. 2016 was $1.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.44 for the trailing ten years ended in Mar. 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
=61.74/4.44
=13.91

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

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

For example, JPMorgan Chase & Co's adjusted earnings per share data for the three months ended in Mar. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2016 (Change)*Current CPI (Mar. 2016)
=1.35/238.132*238.132
=1.350

Current CPI (Mar. 2016) = 238.132.

JPMorgan Chase & Co Quarterly Data

201312201403201406201409201412201503201506201509201512201603
per share eps 1.2911.2801.4601.3501.1921.4501.5401.6801.3251.350
CPI 233.049236.293238.343238.031234.812236.119238.638237.945236.525238.132
Adj_EPS 1.3191.2901.4591.3511.2091.4621.5371.6811.3341.350
201106201109201112201203201206201209201212201303201306201309
per share eps 1.2701.0200.8991.1901.2101.4001.3931.5901.600-0.170
CPI 225.722226.889225.672229.392229.478231.407229.601232.773233.504234.149
Adj_EPS 1.3401.0710.9491.2351.2561.4411.4451.6271.632-0.173
200812200903200906200909200912201003201006201009201012201103
per share eps 0.0670.4000.2800.8200.7420.7401.0901.0101.1211.280
CPI 210.228212.709215.693215.969215.949217.631217.965218.439219.179223.467
Adj_EPS 0.0760.4480.3090.9040.8180.8101.1911.1011.2181.364
200606200609200612200703200706200709200712200803200806200809
per share eps 0.9900.9201.2651.3401.2000.9700.8550.6800.5300.090
CPI 202.900202.900201.800205.352208.352208.490210.036213.528218.815218.783
Adj_EPS 1.1621.0801.4931.5541.3721.1080.9690.7580.5770.098

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 own currency.

JPMorgan Chase & Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ShillerPE 17.1214.5011.3516.0715.7810.7012.2716.0715.6015.22

JPMorgan Chase & Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
ShillerPE 16.0716.3014.6214.9615.6014.7115.8413.9815.1413.35
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

FEEDBACK