EPS Growth Calculator

Analyze earnings per share growth trends, compute CAGR, PEG ratio, and project future EPS. Includes target price calculation and growth visualization.

About the EPS Growth Calculator

Earnings Per Share (EPS) growth is the primary driver of long-term stock returns. Companies that consistently grow their earnings tend to see their stock prices appreciate over time, making EPS growth analysis essential for fundamental investors.

This calculator takes historical EPS data and computes the average growth rate, CAGR, and median growth. It also accounts for the impact of share dilution (from stock-based compensation) and buybacks on per-share earnings. The PEG ratio combines the P/E multiple with the growth rate to identify potentially undervalued growth stocks.

The target price feature lets you set a forward EPS estimate and target P/E multiple to calculate an intrinsic price target. The projected EPS table extends the historical CAGR forward to estimate future earnings, giving you a complete view of the earnings trajectory.

Use the preset examples to load common values instantly, or type in custom inputs to see results in real time. The output updates as you type, making it practical to compare different scenarios without resetting the page.

Why Use This EPS Growth Calculator?

EPS growth drives stock prices over the long term. This calculator automates the analysis that equity analysts do manually — computing growth rates, adjusting for dilution, and building price targets from forward earnings estimates.

This tool is designed for quick, accurate results without manual computation. Whether you are a student working through coursework, a professional verifying a result, or an educator preparing examples, accurate answers are always just a few keystrokes away.

How to Use This Calculator

  1. Enter historical EPS values as a comma-separated list (oldest to newest, 3-10 years ideal).
  2. Enter the current stock price for P/E and PEG calculations.
  3. Enter the consensus forward EPS estimate for next year.
  4. Set a target P/E multiple (industry average or your own estimate).
  5. Adjust share dilution and buyback yield for dilution-adjusted growth.
  6. Review growth metrics, PEG ratio, target price, and projected EPS schedule.

Formula

YoY Growth = (EPS_t − EPS_{t-1}) / |EPS_{t-1}| × 100 CAGR = (EPS_last / EPS_first)^(1/n) − 1 PEG Ratio = P/E ÷ EPS Growth Rate Target Price = Forward EPS × Target P/E Multiple

Example Calculation

Result: CAGR = 15%, Target = $120

EPS grew from $3.00 to $5.25 over 4 years — a CAGR of about 15%. At a forward EPS of $6.00 and target P/E of 20×, the target price is $120, implying 20% upside from the current $100 price.

Tips & Best Practices

Practical Guidance

Use consistent units throughout your calculation and verify all assumptions before treating the output as final. For professional or academic work, document your input values and any conversion standards used so results can be reproduced. Apply this calculator as part of a broader workflow, especially when the result feeds into a larger model or report.

Common Pitfalls

Most mistakes come from mixed units, rounding too early, or misread labels. Recheck each final value before use. Pay close attention to sign conventions — positive and negative inputs often produce very different results. When working with multiple related calculations, keep intermediate values available so you can trace discrepancies back to their source.

Tips for Best Results

Enter the most precise values available. Use the worked example or presets to confirm the calculator behaves as expected before entering your real data. If a result seems unexpected, compare it against a manual estimate or a known reference case to catch input errors early.

Frequently Asked Questions

What is a good EPS growth rate?

Above 10% annually is considered good for large caps. Growth stocks may achieve 20-30%+ but this is harder to sustain long-term.

What is the PEG ratio?

PEG divides the P/E ratio by the EPS growth rate. A PEG below 1 suggests the stock may be undervalued relative to its growth.

How does share dilution affect EPS?

Dilution from stock-based compensation increases share count, spreading earnings across more shares and reducing EPS growth even if total earnings grow. Use this as a practical reminder before finalizing the result.

Should I use CAGR or average growth?

CAGR is generally preferred as it accounts for compounding. Average growth can be distorted by one exceptional year.

What P/E multiple should I use for target price?

Use the sector average P/E, the stock's historical average P/E, or a DCF-implied multiple. Be conservative with high-growth assumptions.

How reliable are EPS projections?

Projections based on 3-5 years of historical data are reasonable for stable businesses. Cyclical or high-growth companies have wider projection uncertainty.

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