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

As of today, United States Lime & Minerals Inc's current share price is $66.69. United States Lime & Minerals Inc's E10 for the quarter that ended in Dec. 2014 was $3.00. United States Lime & Minerals Inc's Shiller P/E Ratio for today is 22.23.

USLM' s 10-Year Shiller P/E Ratio Range
Min: 11.1   Max: 62.43
Current: 22.2

11.1
62.43

During the past 13 years, United States Lime & Minerals Inc's highest Shiller P/E Ratio was 62.43. The lowest was 11.10. And the median was 21.57.

USLM's Shiller P/E Ratiois ranked higher than
91% of the 1201 Companies
in the Global Building Materials industry.

( Industry Median: 0.00 vs. USLM: 22.20 )

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. 2014 was $0.673. 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 $3.00 for the trailing six years ended in Dec. 2014.


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
=66.69/3.00
=22.23

* 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 Dec. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Dec. 2014*CPI of Current
=0.667/234.812*236.818
=0.673

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

Current CPI = 236.818.

United States Lime & Minerals Inc Quarterly Data

201209201212201303201306201309201312201403201406201409201412
per share eps 0.7100.6820.5000.8300.8600.4720.8001.0200.9700.667
CPI 231.407229.601232.773233.504234.149233.049236.293238.343238.031234.812
Adj_EPS 0.7270.7030.5090.8420.8700.4800.8021.0130.9650.673
201003201006201009201012201103201106201109201112201203201206
per share eps 0.7300.8800.7100.4940.7500.9001.1100.7230.7500.730
CPI 217.631217.965218.439219.179223.467225.722226.889225.672229.392229.478
Adj_EPS 0.7940.9560.7700.5340.7950.9441.1590.7590.7740.753
200903200906200909200912
per share eps 0.4300.5300.7000.472
CPI 212.709215.693215.969215.949
Adj_EPS 0.4790.5820.7680.518

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 46.1531.6225.1915.4718.9919.9023.9917.8021.7924.32

United States Lime & Minerals Inc Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ShillerPE 18.3717.8019.7418.8920.8221.7919.3322.0419.5424.32
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