I have been wondering about the calculation of EPS, Equity per share and other per/share figures. For example I know with earnings per share that the total of a company's annual earnings is divided by its "outstanding shares" to get the per share figure. The problem is I'm not exactly sure what
"outstanding shares" ecompasses. Is it just the total of ordinary shares outstanding or does it include preference shares, convertibles etc.? Obviously the decision on which shares to include in the calcultation would have quite a dramatic effect on the per share figure depending on what is included. Could someone point me in the right direction on this one?