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JPMorgan Chase (MEX:JPM) Cyclically Adjusted Book per Share : MXN1,909.35 (As of Dec. 2024)


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What is JPMorgan Chase Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

JPMorgan Chase's adjusted book value per share for the three months ended in Dec. 2024 was MXN2,420.633. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN1,909.35 for the trailing ten years ended in Dec. 2024.

During the past 12 months, JPMorgan Chase's average Cyclically Adjusted Book Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 8.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of JPMorgan Chase was 9.60% per year. The lowest was 5.00% per year. And the median was 7.60% per year.

As of today (2025-05-09), JPMorgan Chase's current stock price is MXN4970.56. JPMorgan Chase's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2024 was MXN1,909.35. JPMorgan Chase's Cyclically Adjusted PB Ratio of today is 2.60.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JPMorgan Chase was 2.98. The lowest was 1.20. And the median was 1.80.


JPMorgan Chase Cyclically Adjusted Book per Share Historical Data

The historical data trend for JPMorgan Chase's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JPMorgan Chase Cyclically Adjusted Book per Share Chart

JPMorgan Chase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,306.49 1,498.34 1,559.57 1,464.63 1,909.35

JPMorgan Chase Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,464.98 1,653.71 1,796.19 1,909.35 1,940.36

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted Book per Share

For the Banks - Diversified subindustry, JPMorgan Chase's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


JPMorgan Chase's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JPMorgan Chase's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan Chase's Cyclically Adjusted PB Ratio falls into.


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JPMorgan Chase Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, JPMorgan Chase's adjusted Book Value per Share data for the three months ended in Dec. 2024 was:

Adj_Book= Book Value per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2420.633/133.1571*133.1571
=2,420.633

Current CPI (Dec. 2024) = 133.1571.

JPMorgan Chase Quarterly Data

Book Value per Share CPI Adj_Book
201503 880.628 99.621 1,177.079
201506 917.665 100.684 1,213.636
201509 1,008.336 100.392 1,337.435
201512 1,039.663 99.792 1,387.265
201603 1,054.916 100.470 1,398.119
201606 1,158.947 101.688 1,517.602
201609 1,233.441 101.861 1,612.407
201612 1,320.680 101.863 1,726.421
201703 1,217.858 102.862 1,576.541
201706 1,193.855 103.349 1,538.187
201709 1,215.091 104.136 1,553.724
201712 1,316.592 104.011 1,685.528
201803 1,227.970 105.290 1,552.984
201806 1,352.828 106.317 1,694.357
201809 1,300.425 106.507 1,625.821
201812 1,381.303 105.998 1,735.226
201903 1,392.338 107.251 1,728.660
201906 1,419.104 108.070 1,748.539
201909 1,485.362 108.329 1,825.788
201912 1,433.063 108.420 1,760.029
202003 1,779.164 108.902 2,175.437
202006 1,775.334 108.767 2,173.432
202009 1,746.943 109.815 2,118.272
202012 1,626.170 109.897 1,970.358
202103 1,682.418 111.754 2,004.627
202106 1,689.044 114.631 1,962.012
202109 1,775.639 115.734 2,042.946
202112 1,806.653 117.630 2,045.139
202203 1,715.564 121.301 1,883.245
202206 1,737.720 125.017 1,850.869
202209 1,749.947 125.227 1,860.771
202212 1,760.253 125.222 1,871.800
202303 1,700.412 127.348 1,777.981
202306 1,681.964 128.729 1,739.825
202309 1,747.109 129.860 1,791.474
202312 1,773.001 129.419 1,824.206
202403 1,772.728 131.776 1,791.305
202406 2,038.932 132.554 2,048.212
202409 2,267.335 133.029 2,269.520
202412 2,420.633 133.157 2,420.633

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


JPMorgan Chase  (MEX:JPM) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

JPMorgan Chase's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=4970.56/1909.35
=2.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of JPMorgan Chase was 2.98. The lowest was 1.20. And the median was 1.80.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


JPMorgan Chase Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of JPMorgan Chase's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


JPMorgan Chase Business Description

Industry
Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.