GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JD.com Inc (OTCPK:JDCMF) » Definitions » E10

JD.com (JD.com) E10 : $0.24 (As of Mar. 2024)


View and export this data going back to 2020. Start your Free Trial

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. 2024 was $0.315. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.24 for the trailing ten years ended in Mar. 2024.

During the past 12 months, JD.com's average E10 Growth Rate was 176.50% 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 (2024-05-27), JD.com's current stock price is $15.20. JD.com's E10 for the quarter that ended in Mar. 2024 was $0.24. JD.com's Shiller PE Ratio of today is 63.33.

During the past 13 years, the highest Shiller PE Ratio of JD.com was 2198.33. The lowest was 54.02. And the median was 205.68.


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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.05 0.16

JD.com Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.09 0.12 0.15 0.16 0.24

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.



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. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.315/115.2271*115.2271
=0.315

Current CPI (Mar. 2024) = 115.2271.

JD.com Quarterly Data

per share eps CPI Adj_EPS
201406 -0.235 98.200 -0.276
201409 -0.005 98.900 -0.006
201412 -0.014 99.000 -0.016
201503 -0.021 99.900 -0.024
201506 -0.015 99.500 -0.017
201509 -0.015 100.500 -0.017
201512 -0.216 100.600 -0.247
201603 -0.025 102.200 -0.028
201606 -0.007 101.400 -0.008
201609 -0.024 102.400 -0.027
201612 -0.044 102.600 -0.049
201703 0.006 103.200 0.007
201706 -0.012 103.100 -0.013
201709 0.027 104.100 0.030
201712 -0.024 104.500 -0.026
201803 0.041 105.300 0.045
201806 -0.060 104.900 -0.066
201809 0.074 106.600 0.080
201812 -0.121 106.500 -0.131
201903 0.185 107.700 0.198
201906 0.013 107.700 0.014
201909 0.015 109.800 0.016
201912 0.087 111.200 0.090
202003 0.026 112.300 0.027
202006 0.369 110.400 0.385
202009 0.173 111.700 0.178
202012 0.580 111.500 0.599
202103 0.174 112.662 0.178
202106 0.039 111.769 0.040
202109 -0.139 112.215 -0.143
202112 -0.261 113.108 -0.266
202203 -0.151 114.335 -0.152
202206 0.205 114.558 0.206
202209 0.254 115.339 0.254
202212 0.136 115.116 0.136
202303 0.284 115.116 0.284
202306 0.290 114.558 0.292
202309 0.343 115.339 0.343
202312 0.150 114.781 0.151
202403 0.315 115.227 0.315

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


JD.com  (OTCPK:JDCMF) 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
=15.20/0.24
=63.33

* 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 2198.33. The lowest was 54.02. And the median was 205.68.


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 (JD.com) Business Description

Address
No. 18 Kechuang 11 Street, 20th Floor, Building A, Yizhuang Economic and Technological Development Zo, Daxing District, Beijing, CHN, 101111
JD.com is a leading e-commerce platform with its 2022 China GMV being similar to Pinduoduo (GMV not reported), on our estimate, but still lower than Alibaba. 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 (JD.com) Headlines