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JPMorgan American Investment Trust (LSE:JAM) E10 : £0.78 (As of Jun. 2024)


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What is JPMorgan American Investment Trust 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.

JPMorgan American Investment Trust's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was £1.731. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is £0.78 for the trailing ten years ended in Dec. 2023.

During the past 3 years, the average E10 Growth Rate was 16.80% per year. During the past 5 years, the average E10 Growth Rate was 18.20% per year. During the past 10 years, the average E10 Growth Rate was 18.40% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of JPMorgan American Investment Trust was 26.00% per year. The lowest was 14.90% per year. And the median was 17.80% per year.

As of today (2025-03-17), JPMorgan American Investment Trust's current stock price is £ 9.90. JPMorgan American Investment Trust's E10 for the fiscal year that ended in Dec. 2023 was £0.78. JPMorgan American Investment Trust's Shiller PE Ratio of today is 12.69.

During the past 13 years, the highest Shiller PE Ratio of JPMorgan American Investment Trust was 20.70. The lowest was 8.83. And the median was 13.19.


JPMorgan American Investment Trust E10 Historical Data

The historical data trend for JPMorgan American Investment Trust'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.

JPMorgan American Investment Trust E10 Chart

JPMorgan American Investment Trust 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 0.41 0.49 0.68 0.65 0.78

JPMorgan American Investment Trust Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 - 0.65 - 0.78 -

Competitive Comparison of JPMorgan American Investment Trust's E10

For the Asset Management subindustry, JPMorgan American Investment Trust'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.


JPMorgan American Investment Trust's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan American Investment Trust's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan American Investment Trust's Shiller PE Ratio falls into.



JPMorgan American Investment Trust 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, JPMorgan American Investment Trust's adjusted earnings per share data for the fiscal year that ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted) /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.731/130.5000*130.5000
=1.731

Current CPI (Dec. 2023) = 130.5000.

JPMorgan American Investment Trust Annual Data

per_share_eps CPI Adj_EPS
201412 0.500 99.900 0.653
201512 0.131 100.400 0.170
201612 0.884 102.200 1.129
201712 0.466 105.000 0.579
201812 0.018 107.100 0.022
201912 0.906 108.500 1.090
202012 1.083 109.400 1.292
202112 1.668 114.700 1.898
202212 -0.750 125.300 -0.781
202312 1.731 130.500 1.731

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


JPMorgan American Investment Trust  (LSE:JAM) 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.

JPMorgan American Investment Trust's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=9.90/0.78
=12.69

* 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 JPMorgan American Investment Trust was 20.70. The lowest was 8.83. And the median was 13.19.


Be Aware

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


JPMorgan American Investment Trust E10 Related Terms

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


JPMorgan American Investment Trust Business Description

Traded in Other Exchanges
N/A
Address
60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan American Investment Trust PLC is a UK-based investment trust company. Its investment objective is to provide shareholders with capital growth from North American investments. The company seeks to achieve determined objectives and to manage risk by investing in the diversified portfolio of quoted companies, including smaller capitalization stocks and pooled funds. The company reviews its performance against its benchmark S&P 500 Index, expressed in sterling total return terms.

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