This growth rate is the compound annual growth rate of Diluted Normalised Earnings Per Share over the last 3 years.
The CAGR formula is the following: (current year's EPS / EPS 3 years ago) ^ (1/3) - 1
NOTE: If less than 3 years are available, a 'NA' (Not Available) code will be used.
Stocks with higher earnings-per-share growth rates are generally more desirable than those with slower earnings-per-share growth rates.
One of the important differences vs. net-income growth rates is that EPS growth reflects the dilution that occurs from new stock issuance, the exercise of employee stock options, warrants, convertible securities, and share repurchases.