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CJ (XKRX:001040) E10 : ₩8,623.03 (As of Mar. 2024)


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What is CJ 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.

CJ's adjusted earnings per share data for the three months ended in Mar. 2024 was ₩2,108.000. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ₩8,623.03 for the trailing ten years ended in Mar. 2024.

During the past 12 months, CJ's average E10 Growth Rate was 3.00% per year. During the past 3 years, the average E10 Growth Rate was 1.30% per year. During the past 5 years, the average E10 Growth Rate was 0.10% 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 CJ was 7.60% per year. The lowest was -1.10% per year. And the median was 0.20% per year.

As of today (2024-06-02), CJ's current stock price is ₩137900.00. CJ's E10 for the quarter that ended in Mar. 2024 was ₩8,623.03. CJ's Shiller PE Ratio of today is 15.99.

During the past 13 years, the highest Shiller PE Ratio of CJ was 27.29. The lowest was 6.77. And the median was 11.24.


CJ E10 Historical Data

The historical data trend for CJ'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.

CJ E10 Chart

CJ 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 8,533.95 8,235.34 8,054.51 8,274.36 8,550.30

CJ 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 8,369.11 8,451.85 8,546.29 8,550.30 8,623.03

Competitive Comparison of CJ's E10

For the Conglomerates subindustry, CJ'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.


CJ's Shiller PE Ratio Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CJ's Shiller PE Ratio distribution charts can be found below:

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



CJ 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, CJ'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)
=2108/118.8477*118.8477
=2,108.000

Current CPI (Mar. 2024) = 118.8477.

CJ Quarterly Data

per share eps CPI Adj_EPS
201406 1,078.260 99.353 1,289.832
201409 4,063.480 99.608 4,848.358
201412 79.130 99.098 94.900
201503 2,953.910 99.720 3,520.512
201506 1,278.260 100.050 1,518.423
201509 1,770.430 100.110 2,101.803
201512 272.174 100.220 322.762
201603 2,316.520 100.560 2,737.799
201606 2,026.960 100.790 2,390.113
201609 3,046.090 101.460 3,568.113
201612 -603.478 101.560 -706.203
201703 1,855.650 102.850 2,144.285
201706 5,994.780 102.610 6,943.435
201709 6,560.000 103.490 7,533.490
201712 -282.609 102.990 -326.123
201803 2,646.960 104.100 3,021.951
201806 12,478.300 104.130 14,241.979
201809 216.522 105.650 243.570
201812 -4,261.520 104.350 -4,853.587
201903 1,715.000 104.490 1,950.654
201906 6,638.000 104.880 7,522.035
201909 988.000 105.200 1,116.174
201912 -881.000 105.120 -996.050
202003 4,543.000 105.540 5,115.834
202006 818.000 104.870 927.028
202009 1,884.000 106.200 2,108.372
202012 -4,665.000 105.765 -5,242.022
202103 1,557.000 107.357 1,723.647
202106 2,776.000 107.579 3,066.792
202109 1,557.000 108.759 1,701.427
202112 2,307.000 109.676 2,499.915
202203 2,462.000 111.806 2,617.065
202206 3,329.000 114.083 3,468.042
202209 2,368.000 114.831 2,450.824
202212 -2,136.000 115.200 -2,203.631
202303 180.000 116.550 183.549
202306 366.000 117.140 371.336
202309 4,094.000 119.111 4,084.943
202312 1,021.000 118.848 1,021.000
202403 2,108.000 118.848 2,108.000

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


CJ  (XKRX:001040) 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.

CJ's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=137900.00/8623.03
=15.99

* 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 CJ was 27.29. The lowest was 6.77. And the median was 11.24.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


CJ E10 Related Terms

Thank you for viewing the detailed overview of CJ's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


CJ (XKRX:001040) Business Description

Traded in Other Exchanges
Address
500 Namdaemunno 5-ga, Jung-gu, Seoul, KOR, 100-095
CJ Corp is a South Korean conglomerate. Its businesses operate in food and food services, biopharma, home shopping and logistics, entertainment and media, and infrastructure. The businesses include food manufacturer, restaurants, food material distributors, nucleic acid and lysine research companies, pharmaceutical companies, home shopping channels, logistic companies, digital content and advertisement producers, as well as construction companies for luxury housing, complex commercial facilities, and resorts. The largest two segments by operating profit are food and food services and home shopping and logistics.

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