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As of today, TJX Companies Inc's current share price is $77.98. TJX Companies Inc's E10 for the quarter that ended in Oct. 2016 was $2.05. TJX Companies Inc's Shiller P/E Ratio for today is 38.04.
During the past 13 years, TJX Companies Inc's highest Shiller P/E Ratio was 43.21. The lowest was 14.07. And the median was 30.41.
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.
TJX Companies Inc's adjusted earnings per share data of for the fiscal year that ended in Jan16 was $3.330. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.05 for the trailing ten years ended in Jan16.
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.
TJX Companies Inc's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
TJX Companies Inc's E10 for the quarter that ended in Oct. 2016 is calculated as:
For example, TJX Companies Inc's adjusted earnings per share data for the fiscal year that ended in Jan16 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Jan16 (Change)||*||Current CPI (Jan16)|
Current CPI (Jan16) = 236.916.
TJX Companies Inc Annual Data
|per share eps||0.775||0.830||1.000||1.420||1.650||1.930||2.550||2.940||3.150||3.330|
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.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
TJX Companies Inc Annual Data
TJX Companies Inc Semi-Annual Data
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