## Growth Factors

The earnings per share (EPS) growth is the % change in EPS over the last 12 months. It gives a picture of the rate at which a company has grown in profitability.

We calculate EPS growth using the following formula:

$Earnings Growth 1y = Basic EPS excl. extra items Basic EPS excl. extra items y-1 - 1$

When the EPS of last year is negative, the growth is not calculated as growth from a negative basis cannot be reliably calculated.