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

As of today, United States Lime & Minerals Inc's current share price is $50.29. United States Lime & Minerals Inc's E10 for the quarter that ended in Jun. 2015 was $3.03. United States Lime & Minerals Inc's Shiller P/E Ratio for today is 16.60.

USLM' s 10-Year Shiller P/E Ratio Range
Min: 11.23   Max: 62.43
Current: 16.64

11.23
62.43

During the past 13 years, United States Lime & Minerals Inc's highest Shiller P/E Ratio was 62.43. The lowest was 11.23. And the median was 21.40.

USLM's Shiller P/E Ratiois ranked higher than
58% of the 313 Companies
in the Global Building Materials industry.

( Industry Median: 19.10 vs. USLM: 16.64 )

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 Jun. 2015 was $0.460. 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 $3.03 for the trailing six years ended in Jun. 2015.


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
=50.29/3.03
=16.60

* 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 Dec14 is calculated as:

For example, United States Lime & Minerals Inc's adjusted earnings per share data for the three months ended in Jun. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2015*CPI of Current
=0.46/238.638*238.662
=0.460

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 238.662.

United States Lime & Minerals Inc Quarterly Data

201303201306201309201312201403201406201409201412201503201506
per share eps 0.5000.8300.8600.4720.8001.0200.9700.6670.4200.460
CPI 232.773233.504234.149233.049236.293238.343238.031234.812236.119238.638
Adj_EPS 0.5130.8480.8770.4830.8081.0210.9730.6780.4250.460
201009201012201103201106201109201112201203201206201209201212
per share eps 0.7100.4940.7500.9001.1100.7230.7500.7300.7100.682
CPI 218.439219.179223.467225.722226.889225.672229.392229.478231.407229.601
Adj_EPS 0.7760.5380.8010.9521.1680.7650.7800.7590.7320.709
200909200912201003201006
per share eps 0.7000.4720.7300.880
CPI 215.969215.949217.631217.965
Adj_EPS 0.7740.5220.8010.964

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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ShillerPE 46.4931.8525.1615.4518.9719.8823.9817.7921.7924.30

United States Lime & Minerals Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ShillerPE 19.7318.8920.8121.7919.3222.0419.7324.3021.3819.21
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