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

As of today, United States Lime & Minerals Inc's current share price is $57.35. United States Lime & Minerals Inc's E10 for the quarter that ended in Jun. 2014 was $2.94. United States Lime & Minerals Inc's Shiller P/E Ratio for today is 19.60.

USLM' s 10-Year Shiller P/E Ratio Range
Min: 10.68   Max: 62.43
Current: 19.6

10.68
62.43

During the past 13 years, United States Lime & Minerals Inc's highest Shiller P/E Ratio was 62.43. The lowest was 10.68. And the median was 20.97.

USLM's Shiller P/E Ratiois ranked higher than
90% of the 705 Companies
in the Global Building Materials industry.

( Industry Median: 9999.00 vs. USLM: 19.60 )

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. 2014 was $1.022. 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 $2.94 for the trailing six years ended in Jun. 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
=57.35/2.94
=19.51

* 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 Jun. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Jun. 2014*CPI of Current
=1.02/238.343*238.786
=1.022

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

Current CPI = 238.786.

United States Lime & Minerals Inc Quarterly Data

201203201206201209201212201303201306201309201312201403201406
per share eps 0.7500.7300.7100.6820.5000.8300.8600.4720.8001.020
CPI 229.392229.478231.407229.601232.773233.504234.149233.049236.293238.343
Adj_EPS 0.7810.7600.7330.7090.5130.8490.8770.4840.8081.022
200909200912201003201006201009201012201103201106201109201112
per share eps 0.7000.4720.7300.8800.7100.4940.7500.9001.1100.723
CPI 215.969215.949217.631217.965218.439219.179223.467225.722226.889225.672
Adj_EPS 0.7740.5220.8010.9640.7760.5380.8010.9521.1680.765
200809200812200903200906
per share eps 0.7000.1680.4300.530
CPI 218.783210.228212.709215.693
Adj_EPS 0.7640.1910.4830.587

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 24.4746.1631.6325.1915.4719.0019.9124.0017.8021.59

United States Lime & Minerals Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ShillerPE 22.9817.9718.3817.8019.7518.9020.8321.5919.3422.06
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