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

As of today, JPMorgan Chase & Co's current share price is $67.25. JPMorgan Chase & Co's E10 for the quarter that ended in Jun. 2016 was $4.50. JPMorgan Chase & Co's Shiller P/E Ratio for today is 14.94.

JPM' s Shiller P/E Ratio Range Over the Past 10 Years
Min: 9.46   Max: 2234
Current: 14.95

9.46
2234

During the past 13 years, JPMorgan Chase & Co's highest Shiller P/E Ratio was 2234.00. The lowest was 9.46. And the median was 15.46.

JPM's Shiller P/E Ratio is ranked higher than
66% of the 494 Companies
in the Global Banks - Global industry.

( Industry Median: 17.76 vs. JPM: 14.95 )

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 Jun. 2016 was $1.550. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.50 for the trailing ten years ended in Jun. 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
=67.25/4.50
=14.94

* 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 Jun. 2016 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2016 (Change)*Current CPI (Jun. 2016)
=1.55/241.038*241.038
=1.550

Current CPI (Jun. 2016) = 241.038.

JPMorgan Chase & Co Quarterly Data

201403201406201409201412201503201506201509201512201603201606
per share eps 1.2801.4601.3501.2001.4501.5401.6801.3201.3501.550
CPI 236.293238.343238.031234.812236.119238.638237.945236.525238.132241.038
Adj_EPS 1.3061.4771.3671.2321.4801.5551.7021.3451.3661.550
201109201112201203201206201209201212201303201306201309201312
per share eps 1.0200.9001.1901.2101.4001.3901.5901.600-0.1701.290
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.0840.9611.2501.2711.4581.4591.6461.652-0.1751.334
200903200906200909200912201003201006201009201012201103201106
per share eps 0.4000.2800.8200.7500.7401.0901.0101.1201.2801.270
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.4530.3130.9150.8370.8201.2051.1141.2321.3811.356
200609200612200703200706200709200712200803200806200809200812
per share eps 0.9201.2601.3401.2000.9700.8600.6800.5300.0900.040
CPI 202.900201.800205.352208.352208.490210.036213.528218.815218.783210.228
Adj_EPS 1.0931.5051.5731.3881.1210.9870.7680.5840.0990.046

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 123.8987.89120.532,607.3115.8510.7412.3115.9815.5215.21

JPMorgan Chase & Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ShillerPE 16.3714.6815.0215.5214.7815.9114.0415.2113.4113.81
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