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GuruFocus has detected 6 Warning Signs with United States Lime & Minerals Inc $USLM.
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United States Lime & Minerals Inc (NAS:USLM)
Shiller PE Ratio
27.73 (As of Today)

As of today, United States Lime & Minerals Inc's current share price is $81.54. United States Lime & Minerals Inc's E10 for the quarter that ended in Mar. 2017 was $2.94. United States Lime & Minerals Inc's Shiller P/E Ratio for today is 27.73.

USLM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 16.16   Max: 42
Current: 27.77

16.16
42

During the past 13 years, United States Lime & Minerals Inc's highest Shiller P/E Ratio was 42.00. The lowest was 16.16. And the median was 25.67.

USLM's Shiller PE Ratio is ranked higher than
53% of the 137 Companies
in the Global Building Materials industry.

( Industry Median: 28.37 vs. USLM: 27.77 )

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 Mar. 2017 was $0.830. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $2.94 for the trailing ten years ended in Mar. 2017.


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
=81.54/2.94
=27.73

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

United States Lime & Minerals Inc's E10 for the fiscal year that ended in Dec16 is calculated as:

For example, United States Lime & Minerals Inc's adjusted earnings per share data for the three months ended in Mar. 2017 was:

Adj_EPS=Earnigns per Share/CPI of Mar. 2017 (Change)*Current CPI (Mar. 2017)
=0.83/243.801*243.801
=0.830

Current CPI (Mar. 2017) = 243.801.

United States Lime & Minerals Inc Quarterly Data

201412201503201506201509201512201603201606201609201612201703
per share eps 0.6700.4200.4601.0100.4100.7300.6601.0900.7100.830
CPI 234.812236.119238.638237.945236.525238.132241.018241.428241.432243.801
Adj_EPS 0.6960.4340.4701.0350.4230.7470.6681.1010.7170.830
201206201209201212201303201306201309201312201403201406201409
per share eps 0.7300.7100.6800.5000.8300.8600.4700.8001.0200.970
CPI 229.478231.407229.601232.773233.504234.149233.049236.293238.343238.031
Adj_EPS 0.7760.7480.7220.5240.8670.8950.4920.8251.0430.994
200912201003201006201009201012201103201106201109201112201203
per share eps 0.4600.7300.8800.7100.4900.7500.9001.1100.7300.750
CPI 215.949217.631217.965218.439219.179223.467225.722226.889225.672229.392
Adj_EPS 0.5190.8180.9840.7920.5450.8180.9721.1930.7890.797
200706200709200712200803200806200809200812200903200906200909
per share eps 0.5000.5000.3200.4500.9500.7000.1700.4300.5300.700
CPI 208.352208.490210.036213.528218.815218.783210.228212.709215.693215.969
Adj_EPS 0.5850.5850.3710.5141.0580.7800.1970.4930.5990.790

Add all the adjusted EPS together and divide 10 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 local exchange's currency.

United States Lime & Minerals Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ShillerPE 31.5621.7627.2626.4031.3821.6625.5027.6720.3226.46

United States Lime & Minerals Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ShillerPE 27.6724.3921.8816.7820.3221.7521.2923.3026.4626.91
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