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Japan Tobacco (TSE:2914) Shiller PE Ratio : 17.67 (As of May. 01, 2024)


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What is Japan Tobacco Shiller PE Ratio?

As of today (2024-05-01), Japan Tobacco's current share price is 円4264.00. Japan Tobacco's E10 for the quarter that ended in Dec. 2023 was 円241.29. Japan Tobacco's Shiller PE Ratio for today is 17.67.

The historical rank and industry rank for Japan Tobacco's Shiller PE Ratio or its related term are showing as below:

TSE:2914' s Shiller PE Ratio Range Over the Past 10 Years
Min: 8.39   Med: 12.35   Max: 20.18
Current: 17.31

During the past years, Japan Tobacco's highest Shiller PE Ratio was 20.18. The lowest was 8.39. And the median was 12.35.

TSE:2914's Shiller PE Ratio is ranked worse than
76.92% of 26 companies
in the Tobacco Products industry
Industry Median: 12.97 vs TSE:2914: 17.31

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Japan Tobacco's adjusted earnings per share data for the three months ended in Dec. 2023 was 円22.680. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is 円241.29 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Japan Tobacco Shiller PE Ratio Historical Data

The historical data trend for Japan Tobacco's Shiller PE Ratio 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.

Japan Tobacco Shiller PE Ratio Chart

Japan Tobacco Annual Data
Trend Mar14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.56 9.69 10.52 11.34 15.11

Japan Tobacco Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio 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 11.34 11.72 13.00 14.03 15.11

Competitive Comparison of Japan Tobacco's Shiller PE Ratio

For the Tobacco subindustry, Japan Tobacco'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.


Japan Tobacco's Shiller PE Ratio Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Japan Tobacco's Shiller PE Ratio falls into.



Japan Tobacco Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Japan Tobacco's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=4264.00/241.29
=17.67

* 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.

Japan Tobacco's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Japan Tobacco'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)
=22.68/106.8000*106.8000
=22.680

Current CPI (Dec. 2023) = 106.8000.

Japan Tobacco Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 37.780 95.700 42.162
201406 58.390 98.000 63.633
201409 62.220 98.500 67.463
201412 78.950 97.900 86.127
201503 57.560 97.900 62.793
201506 59.860 98.400 64.970
201509 107.670 98.500 116.743
201512 45.440 98.100 49.470
201603 81.170 97.900 88.549
201606 56.730 98.100 61.761
201609 57.430 98.000 62.587
201612 40.000 98.400 43.415
201703 58.040 98.100 63.187
201706 67.050 98.500 72.700
201709 60.300 98.800 65.183
201712 32.760 99.400 35.199
201803 58.040 99.200 62.487
201806 62.540 99.200 67.331
201809 65.060 99.900 69.554
201812 29.560 99.700 31.665
201903 67.630 99.700 72.446
201906 59.520 99.800 63.695
201909 50.540 100.100 53.923
201912 18.120 100.500 19.256
202003 48.670 100.300 51.824
202006 48.520 99.900 51.871
202009 48.140 99.900 51.465
202012 29.470 99.300 31.696
202103 64.100 99.900 68.527
202106 62.760 99.500 67.365
202109 64.000 100.100 68.284
202112 -0.190 100.100 -0.203
202203 69.910 101.100 73.852
202206 78.830 101.800 82.702
202209 78.710 103.100 81.535
202212 21.910 104.100 22.478
202303 81.490 104.400 83.363
202306 80.160 105.200 81.379
202309 87.290 106.200 87.783
202312 22.680 106.800 22.680

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


Japan Tobacco  (TSE:2914) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Japan Tobacco Shiller PE Ratio Related Terms

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Japan Tobacco (TSE:2914) Business Description

Traded in Other Exchanges
Address
2-1, Toranomon 2-chome, Minato-ku, Tokyo, JPN, 105-8422
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.

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