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JD.com (MEX:JD N) E10 : MXN19.26 (As of Mar. 2025)


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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 Mar. 2025 was MXN20.263. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN19.26 for the trailing ten years ended in Mar. 2025.

During the past 12 months, JD.com's average E10 Growth Rate was 100.00% 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 (2025-06-28), JD.com's current stock price is MXN622.00. JD.com's E10 for the quarter that ended in Mar. 2025 was MXN19.26. JD.com's Shiller PE Ratio of today is 32.29.

During the past 13 years, the highest Shiller PE Ratio of JD.com was 733.00. The lowest was 33.45. And the median was 74.93.


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 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.97 5.59 17.18

JD.com Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 7.74 11.72 14.93 17.18 19.26

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.


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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 Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=20.263/115.1156*115.1156
=20.263

Current CPI (Mar. 2025) = 115.1156.

JD.com Quarterly Data

per share eps CPI Adj_EPS
201506 -0.480 99.500 -0.555
201509 -0.504 100.500 -0.577
201512 -7.439 100.600 -8.512
201603 -0.874 102.200 -0.984
201606 -0.253 101.400 -0.287
201609 -0.928 102.400 -1.043
201612 -1.817 102.600 -2.039
201703 0.218 103.200 0.243
201706 -0.451 103.100 -0.504
201709 0.967 104.100 1.069
201712 -0.953 104.500 -1.050
201803 1.495 105.300 1.634
201806 -2.340 104.900 -2.568
201809 2.783 106.600 3.005
201812 -4.735 106.500 -5.118
201903 7.167 107.700 7.660
201906 0.501 107.700 0.535
201909 0.583 109.800 0.611
201912 3.281 111.200 3.397
202003 1.202 112.300 1.232
202006 17.047 110.400 17.775
202009 7.623 111.700 7.856
202012 23.088 111.500 23.837
202103 7.095 112.662 7.250
202106 1.549 111.769 1.595
202109 -5.733 112.215 -5.881
202112 -10.693 113.108 -10.883
202203 -6.025 114.335 -6.066
202206 8.233 114.558 8.273
202209 10.201 115.339 10.181
202212 5.313 115.116 5.313
202303 10.254 115.116 10.254
202306 9.959 114.558 10.007
202309 11.934 115.339 11.911
202312 5.087 114.781 5.102
202403 10.463 115.227 10.453
202406 20.657 114.781 20.717
202409 21.482 115.785 21.358
202412 18.505 114.893 18.541
202503 20.263 115.116 20.263

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


JD.com  (MEX:JD N) 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
=622.00/19.26
=32.29

* 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 733.00. The lowest was 33.45. And the median was 74.93.


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 Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic & Technological Development Zone, Daxing District, Beijing, CHN, 101111
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. 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 Headlines

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