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JD.com (FRA:013A) E10 : €0.29 (As of Dec. 2023)


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What is JD.com E10?

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.

JD.com's adjusted earnings per share data for the three months ended in Dec. 2023 was €0.275. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.29 for the trailing ten years ended in Dec. 2023.

During the past 12 months, JD.com's average E10 Growth Rate was 230.00% 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 E10 growth rate using E10 data.

As of today (2024-04-29), JD.com's current stock price is €28.25. JD.com's E10 for the quarter that ended in Dec. 2023 was €0.29. JD.com's Shiller PE Ratio of today is 97.41.

During the past 13 years, the highest Shiller PE Ratio of JD.com was 2198.33. The lowest was 66.00. And the median was 208.03.


JD.com E10 Historical Data

The historical data trend for JD.com's E10 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.

JD.com E10 Chart

JD.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.09 0.29

JD.com Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
E10 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 0.09 0.16 0.21 0.28 0.29

Competitive Comparison of JD.com's E10

For the Internet Retail subindustry, JD.com's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


JD.com's Shiller PE Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, JD.com's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where JD.com's Shiller PE Ratio falls into.



JD.com E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, JD.com's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.275/114.6694*114.6694
=0.275

Current CPI (Dec. 2023) = 114.6694.

JD.com Quarterly Data

per share eps CPI Adj_EPS
201403 -0.453 98.600 -0.527
201406 -0.346 98.200 -0.404
201409 -0.008 98.900 -0.009
201412 -0.022 99.000 -0.025
201503 -0.039 99.900 -0.045
201506 -0.027 99.500 -0.031
201509 -0.027 100.500 -0.031
201512 -0.397 100.600 -0.453
201603 -0.046 102.200 -0.052
201606 -0.012 101.400 -0.014
201609 -0.043 102.400 -0.048
201612 -0.084 102.600 -0.094
201703 0.011 103.200 0.012
201706 -0.022 103.100 -0.024
201709 0.045 104.100 0.050
201712 -0.041 104.500 -0.045
201803 0.067 105.300 0.073
201806 -0.102 104.900 -0.111
201809 0.128 106.600 0.138
201812 -0.212 106.500 -0.228
201903 0.327 107.700 0.348
201906 0.023 107.700 0.024
201909 0.027 109.800 0.028
201912 0.157 111.200 0.162
202003 0.046 112.300 0.047
202006 0.656 110.400 0.681
202009 0.293 111.700 0.301
202012 0.954 111.500 0.981
202103 0.292 112.662 0.297
202106 0.065 111.769 0.067
202109 -0.237 112.215 -0.242
202112 -0.461 113.108 -0.467
202203 -0.275 114.335 -0.276
202206 0.387 114.558 0.387
202209 0.512 115.339 0.509
202212 0.257 115.116 0.256
202303 0.531 115.116 0.529
202306 0.536 114.558 0.537
202309 0.642 115.339 0.638
202312 0.275 114.669 0.275

Add all the adjusted EPS together and divide 10 will get our e10.


JD.com  (FRA:013A) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

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.

JD.com's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=28.25/0.29
=97.41

* 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 Shiller P/E Ratio of JD.com was 2198.33. The lowest was 66.00. And the median was 208.03.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


JD.com E10 Related Terms

Thank you for viewing the detailed overview of JD.com's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


JD.com (FRA:013A) Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

JD.com (FRA:013A) Headlines

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