JD.com (MEX:JD N) E10: MXN (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:JD N JD.com Inc MEX:JD N
65 GF Score
Price MXN463.00
GF Value MXN657.13
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is JD.com E10?

JD.com MEX:JD N +0.14% 65 E10 is MXN as of Jun. 2026. GuruFocus rates MEX:JD N with a GF Score™ of 65/100 and a GF Value™ of MXN657.13 (Significantly Undervalued). The stock has 4 warning signs investors should review.

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 Jun. 2026 was MXN12.939. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN for the trailing ten years ended in Jun. 2026.

During the past 12 months, JD.com's average E10 Growth Rate was 22.00% per year. During the past 3 years, the average E10 Growth Rate was 121.00% 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.

During the past 13 years, the highest 3-Year average E10 Growth Rate of JD.com was 121.00% per year. The lowest was 121.00% per year. And the median was 121.00% per year.

As of today (2026-09-20), JD.com's current stock price is MXN463.00. JD.com's E10 for the quarter that ended in Jun. 2026 was MXN. JD.com's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of JD.com was 733.00. The lowest was 21.82. And the median was 49.88.


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.

During the past 13 years, the highest Shiller P/E Ratio of JD.com was 733.00. The lowest was 21.82. And the median was 49.88.


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


JD.com E10 Historical Data

* Premium members only.

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.

JD.com E10 Chart

JD.com Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
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JD.com Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 - - - - -

MEX:JD N vs EBAY, CPNG, W: E10 Comparison

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 Shiller PE Ratio vs 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.


MEX:JD N
65GF Score
JD.com Inc MEX:JD N
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.939/116.0564*116.0564
=12.939

Current CPI (Jun. 2026) = 116.0564.

JD.com Quarterly Data

per share eps CPI Adj_EPS
201609 -1.801 102.400 -2.042
201612 -3.533 102.600 -3.996
201703 0.488 103.200 0.549
201706 -0.943 103.100 -1.062
201709 1.853 104.100 2.066
201712 -1.829 104.500 -2.031
201803 3.057 105.300 3.369
201806 -4.693 104.900 -5.193
201809 5.666 106.600 6.169
201812 -9.512 106.500 -10.366
201903 14.115 107.700 15.210
201906 1.170 107.700 1.261
201909 1.141 109.800 1.206
201912 6.664 111.200 6.955
202003 2.055 112.300 2.124
202006 34.423 110.400 36.186
202009 15.011 111.700 15.597
202012 47.087 111.500 49.011
202103 7.086 112.662 7.299
202106 1.550 111.769 1.609
202109 -5.596 112.215 -5.787
202112 -10.781 113.108 -11.062
202203 -6.201 114.335 -6.294
202206 8.366 114.558 8.475
202209 11.079 115.339 11.147
202212 5.280 115.116 5.323
202303 10.738 115.116 10.825
202306 10.488 114.558 10.625
202309 11.790 115.339 11.864
202312 5.201 114.781 5.259
202403 10.722 115.227 10.799
202406 19.516 114.781 19.733
202409 20.416 115.785 20.464
202412 18.116 114.893 18.299
202503 20.128 115.116 20.293
202506 11.230 114.907 11.343
202509 9.255 115.471 9.302
202512 -4.983 115.832 -4.992
202603 9.032 116.303 9.013
202606 12.939 116.056 12.939

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN mean?
JD.com (MEX:JD N) has a E10 of MXN as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JD.com and its competitors.
Is JD.com's E10 too high?
JD.com's current E10 is MXN. Overall, JD.com has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JD.com's E10 compare to EBAY and CPNG?
JD.com's E10 of MXN can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Retail - Cyclical company?
A good E10 depends on the Retail - Cyclical industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on JD.com and its competitors. JD.com's current E10 is MXN. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD.com stock overvalued right now?
Based on GuruFocus' analysis, JD.com (MEX:JD N) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN657.13, compared to a current price of MXN463.00 — trading 29.5% below its estimated fair value. The current E10 is MXN. JD.com's overall GF Score™ is 65/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For JD.com (MEX:JD N), the current E10 is MXN as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is JD.com (MEX:JD N) Overvalued in 2026?

Based on GuruFocus' analysis, JD.com stock appears to be undervalued. The current stock price of MXN463.00 is trading 29.5% below its estimated GF Value™ of MXN657.13. GuruFocus considers JD.com to be Significantly Undervalued.

Key valuation signals for MEX:JD N:

  • E10: MXN
  • GF Value™: MXN657.13 vs. price of MXN463.00 (29.5% below fair value)
  • GF Score™: 65/100 with 4 warning signs

No single metric tells the full story. See the MEX:JD N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 gross merchandise volume in 2025. 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.
65GF Score

Get the complete analysis for MEX:JD N

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN463.00
Price
MXN657.13
GF Value