Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

$22.49

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Bed Bath & Beyond Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.


The analysis of the financial data over the indicated periods reveals several notable trends concerning the share price, book value per share (BVPS), and the price-to-book value (P/BV) ratio.

Share Price
The share price exhibited fluctuations with an overall rising trend from 2005 ($37.23) through 2013 ($68.8), peaking around 2015 at $71.19. Post-2015, a marked decline ensued, dropping to $17.5 by 2018 and further falling to a low of $6.59 in 2020. A partial recovery is observed in 2021 reaching $26.42, though prices declined again to $16.34 in 2022.
Book Value Per Share (BVPS)
The BVPS displayed generally consistent growth from $7.49 in 2005 to a peak of $20.59 in 2018, reflecting increasing net asset value per share. However, following the 2018 peak, BVPS decreased significantly to $11.7 by 2022, with the sharpest drop occurring between 2019 ($19.38) and 2020 ($13.95), indicating potential asset write-downs or increased liabilities impacting shareholders' equity.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio started high at 4.97 in 2005, progressively declining to 0.85 by 2018, illustrating the share price becoming more aligned or even undervalued relative to its book value. The ratio bottomed out at 0.47 in 2020, suggesting the market valued the company significantly below its book value at that time. Subsequently, the P/BV ratio surged sharply to 7.49 in 2022, driven by the combination of a relatively low BVPS ($2.18) and a comparatively higher share price ($16.34), signaling a potentially overvalued market perception or market volatility affecting valuation metrics.

In summary, the data portrays a company with initial growth in market value and underlying net assets, followed by a period of pronounced decline in both share price and book value starting around 2015. The P/BV ratio reflects these shifts, revealing undervaluation phases during the troughs and an anomalous spike in the final period. These patterns may indicate significant financial or operational challenges encountered after 2015, affecting investor confidence and company valuation.


Comparison to Competitors

Bed Bath & Beyond Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).


Comparison to Sector (Consumer Discretionary Distribution & Retail)

Bed Bath & Beyond Inc., P/BV, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).


Comparison to Industry (Consumer Discretionary)

Bed Bath & Beyond Inc., P/BV, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25), 10-K (reporting date: 2016-02-27), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-03-01), 10-K (reporting date: 2013-03-02), 10-K (reporting date: 2012-02-25), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).