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JD.com (BUE:JD) E10 : ARS126.48 (As of Mar. 2024)


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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. 2024 was ARS265.566. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS126.48 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 (2024-05-26), JD.com's current stock price is ARS9347.00. JD.com's E10 for the quarter that ended in Mar. 2024 was ARS126.48. JD.com's Shiller PE Ratio of today is 73.90.

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 - - - 16.63 160.48

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 34.53 59.00 123.42 160.48 126.48

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)
=265.566/115.2271*115.2271
=265.566

Current CPI (Mar. 2024) = 115.2271.

JD.com Quarterly Data

per share eps CPI Adj_EPS
201406 -1.910 98.200 -2.241
201409 -0.041 98.900 -0.048
201412 -0.117 99.000 -0.136
201503 -0.184 99.900 -0.212
201506 -0.139 99.500 -0.161
201509 -0.140 100.500 -0.161
201512 -2.800 100.600 -3.207
201603 -0.371 102.200 -0.418
201606 -0.095 101.400 -0.108
201609 -0.358 102.400 -0.403
201612 -0.699 102.600 -0.785
201703 0.089 103.200 0.099
201706 -0.206 103.100 -0.230
201709 0.467 104.100 0.517
201712 -0.463 104.500 -0.511
201803 0.829 105.300 0.907
201806 -1.485 104.900 -1.631
201809 2.738 106.600 2.960
201812 -4.546 106.500 -4.919
201903 7.222 107.700 7.727
201906 0.583 107.700 0.624
201909 0.825 109.800 0.866
201912 5.199 111.200 5.387
202003 1.591 112.300 1.632
202006 25.280 110.400 26.385
202009 12.808 111.700 13.212
202012 47.228 111.500 48.807
202103 15.634 112.662 15.990
202106 3.686 111.769 3.800
202109 -13.630 112.215 -13.996
202112 -26.321 113.108 -26.814
202203 -16.246 114.335 -16.373
202206 24.622 114.558 24.766
202209 35.235 115.339 35.201
202212 22.845 115.116 22.867
202303 56.190 115.116 56.244
202306 69.707 114.558 70.114
202309 119.880 115.339 119.764
202312 54.098 114.781 54.308
202403 265.566 115.227 265.566

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


JD.com  (BUE:JD) 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
=9347.00/126.48
=73.90

* 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 (BUE:JD) 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 (BUE:JD) Headlines

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