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

As of today, United States Lime & Minerals Inc's current share price is $62.50. United States Lime & Minerals Inc's E10 for the quarter that ended in Sep. 2014 was $2.97. United States Lime & Minerals Inc's Shiller P/E Ratio for today is 21.04.

USLM' s 10-Year Shiller P/E Ratio Range
Min: 11.16   Max: 62.43
Current: 21.1

11.16
62.43

During the past 13 years, United States Lime & Minerals Inc's highest Shiller P/E Ratio was 62.43. The lowest was 11.16. And the median was 21.40.

USLM's Shiller P/E Ratiois ranked higher than
83% of the 825 Companies
in the Global Building Materials industry.

( Industry Median: 69.36 vs. USLM: 21.10 )

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 Sep. 2014 was $0.953. 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 $2.97 for the trailing six years ended in Sep. 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
=62.50/2.97
=21.04

* 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 Sep. 2014 was:

Adj_EPS=Earnigns per Share/CPI of Sep. 2014*CPI of Current
=0.97/238.031*233.808
=0.953

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

Current CPI = 233.808.

United States Lime & Minerals Inc Quarterly Data

201206201209201212201303201306201309201312201403201406201409
per share eps 0.7300.7100.6820.5000.8300.8600.4720.8001.0200.970
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.7440.7170.6940.5020.8310.8590.4740.7921.0010.953
200912201003201006201009201012201103201106201109201112201203
per share eps 0.4720.7300.8800.7100.4940.7500.9001.1100.7230.750
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.5110.7840.9440.7600.5270.7850.9321.1440.7490.764
200812200903200906200909
per share eps 0.1680.4300.5300.700
CPI 210.228212.709215.693215.969
Adj_EPS 0.1870.4730.5750.758

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 24.6046.3831.8125.1115.4018.9120.0024.0817.8421.62

United States Lime & Minerals Inc Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ShillerPE 18.0118.4217.8419.6018.9420.8621.6219.3722.0919.58
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