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J&J Snack Foods Corp  (NAS:JJSF) E10: $3.25 (As of Jun. 2017)

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.

J&J Snack Foods Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was $1.340. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.25 for the trailing ten years ended in Jun. 2017.

As of today, J&J Snack Foods Corp's current stock price is $131.05. J&J Snack Foods Corp's E10 for the quarter that ended in Jun. 2017 was $3.25. J&J Snack Foods Corp's Shiller PE Ratio of today is 40.32.

During the past 13 years, the highest Shiller PE Ratio of J&J Snack Foods Corp was 44.50. The lowest was 19.93. And the median was 32.15.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

J&J Snack Foods Corp Annual Data

Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
E10 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.09 2.31 2.58 2.79 3.04

J&J Snack Foods Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
E10 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 Premium Member Only Premium Member Only Premium Member Only 3.00 3.04 3.08 3.17 3.25

Competitive Comparison
* 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.


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.

For example, J&J Snack Foods Corp's adjusted earnings per share data for the three months ended in Jun. 2017 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2017 (Change)*Current CPI (Jun. 2017)
=1.34/244.955*244.955
=1.340

Current CPI (Jun. 2017) = 244.955.

J&J Snack Foods Corp Quarterly Data

per share eps CPI Adj_EPS
200709 0.550 208.490 0.646
200712 0.100 210.036 0.117
200803 0.210 213.528 0.241
200806 0.570 218.815 0.638
200809 0.590 218.783 0.661
200812 0.230 210.228 0.268
200903 0.390 212.709 0.449
200906 0.800 215.693 0.909
200909 0.790 215.969 0.896
200912 0.380 215.949 0.431
201003 0.480 217.631 0.540
201006 0.850 217.965 0.955
201009 0.880 218.439 0.987
201012 0.380 219.179 0.425
201103 0.460 223.467 0.504
201106 1.240 225.722 1.346
201109 0.850 226.889 0.918
201112 0.290 225.672 0.315
201203 0.550 229.392 0.587
201206 0.990 229.478 1.057
201209 1.030 231.407 1.090
201212 0.540 229.601 0.576
201303 0.670 232.773 0.705
201306 1.120 233.504 1.175
201309 1.080 234.149 1.130
201312 0.660 233.049 0.694
201403 0.720 236.293 0.746
201406 1.260 238.343 1.295
201409 1.180 238.031 1.214
201412 0.600 234.812 0.626
201503 0.780 236.119 0.809
201506 1.300 238.638 1.334
201509 1.050 237.945 1.081
201512 0.690 236.525 0.715
201603 0.830 238.132 0.854
201606 1.430 241.018 1.453
201609 1.100 241.428 1.116
201612 0.720 241.432 0.731
201703 0.850 243.801 0.854
201706 1.340 244.955 1.340

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

J&J Snack Foods Corp's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=131.05/3.25
=40.32

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

During the past 13 years, the highest Shiller P/E Ratio of J&J Snack Foods Corp was 44.50. The lowest was 19.93. And the median was 32.15.


Be Aware

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


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