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United States Lime & Minerals, Inc. (NAS:USLM)
Shiller P/E Ratio
19.70 (As of Today)

As of today, United States Lime & Minerals, Inc.'s current share price is $55.60. United States Lime & Minerals, Inc.'s E10 for the quarter that ended in Dec. 2013 was $2.83. United States Lime & Minerals, Inc.'s Shiller P/E Ratio for today is 19.70.

USLM' s 10-Year Shiller P/E Ratio Range
Min: 7.69   Max: 62.43
Current: 19.7

7.69
62.43

During the past 13 years, United States Lime & Minerals, Inc.'s highest Shiller P/E Ratio was 62.43. The lowest was 7.69. And the median was 20.92.

USLM's Shiller P/E Ratiois ranked higher than
70% of the 257 Companies
in the Global Building Materials industry.

( Industry Median: 23.52 vs. USLM: 19.70 )

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.

United States Lime & Minerals, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was $0.479. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $2.83 for the trailing six years ended in Dec. 2013.


Definition

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.

United States Lime & Minerals, Inc.'s Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=55.60/2.83
=19.65

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

United States Lime & Minerals, Inc.'s E10 for the fiscal year that ended in Dec13 is calculated as:

For example, United States Lime & Minerals, Inc.'s adjusted earnings per share data for the three months ended in Dec. 2013 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2013*CPI of Current
=0.472/233.049*236.511
=0.479

Since most companies do not have as long as 10 years history, here we use 6 years to calculate:

Current CPI = 236.511.

United States Lime & Minerals, Inc. Quarterly Data

201109201112201203201206201209201212201303201306201309201312
per share eps 1.1100.7230.7500.7300.7100.6820.5000.8300.8600.472
CPI 226.889225.672229.392229.478231.407229.601232.773233.504234.149233.049
Adj_EPS 1.1570.7580.7730.7520.7260.7030.5080.8410.8690.479
200903200906200909200912201003201006201009201012201103201106
per share eps 0.4300.5300.7000.4720.7300.8800.7100.4940.7500.900
CPI 212.709215.693215.969215.949217.631217.965218.439219.179223.467225.722
Adj_EPS 0.4780.5810.7670.5170.7930.9550.7690.5330.7940.943
200803200806200809200812
per share eps 0.4500.9500.7000.168
CPI 213.528218.815218.783210.228
Adj_EPS 0.4981.0270.7570.189

Add all the adjusted EPS together and divide 6 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E 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 P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E 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, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

United States Lime & Minerals, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ShillerPE 24.4846.1831.6525.2215.3519.0219.9324.0217.8121.59

United States Lime & Minerals, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ShillerPE 16.2524.0222.9917.9718.3917.8119.7518.9120.8321.59
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