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RATIOS & STATISTICS / OTHER
EPSStableQ
Full Description

Also known as the Coefficient of Variation, this value indicates the stability of earnings. For companies that report earnings quarterly, EPSStableQ is calculated by taking the standard deviation of the 20 most recent quarterly EPS values and dividing by the absolute value of the mean. The absolute value is used because otherwise stocks with the highest volatility and a negative EPS mean would get the highest score since EPSStableQ uses 'lower is better'.

The company must have at least 16 quarters of EPS values in order for this value to be calculated. If the are less than 16 (as would be the case of an IPO), the calculation is not performed since the resulting value would not be meaningful and will return N/A. For companies that report semi-annually, the calculation uses the 10 most recent semi-annual EPS values and the company must have at least 16 quarters of EPS values in order for this value to be calculated.

Formula

When there are no NAs EPSStableQ is equivalent to:

LoopRelStdDev("EPSExclXor(CTR, QTR)",20)/100