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

As of today, JPMorgan Chase & Co's current share price is $86.86. JPMorgan Chase & Co's E10 for the quarter that ended in Mar. 2017 was $4.67. JPMorgan Chase & Co's Shiller P/E Ratio for today is 18.60.

JPM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.43   Max: 4468
Current: 18.61

9.43
4468

During the past 13 years, JPMorgan Chase & Co's highest Shiller P/E Ratio was 4468.00. The lowest was 9.43. And the median was 15.77.

JPM's Shiller PE Ratio is ranked higher than
58% of the 509 Companies
in the Global Banks - Global industry.

( Industry Median: 20.59 vs. JPM: 18.61 )

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. 2017 was $1.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $4.67 for the trailing ten years ended in Mar. 2017.


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
=86.86/4.67
=18.60

* 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 Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=1.65/243.801*243.801
=1.650

Current CPI (Mar. 2017) = 243.801.

JPMorgan Chase & Co Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 1.2001.4501.5401.6801.3201.3501.5501.5801.7101.650
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS 1.2461.4971.5731.7211.3611.3821.5681.5961.7271.650
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 1.2861.4751.4761.6651.671-0.1771.3501.3211.4931.383
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 0.8470.8291.2191.1271.2461.3961.3721.0960.9721.265
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 1.4041.1340.9980.7760.5910.1000.0460.4580.3160.926

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 88.66122.052,836.5715.8110.7212.2915.9615.5115.2018.88

JPMorgan Chase & Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 15.5114.7615.9014.0315.2013.4013.8114.6418.8818.82
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