Price to Earnings (P/E)
since 2005
Calculation
Bed Bath & Beyond Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 21, 2022 | — | = | 16.34 | ÷ | -7.01 | -7.01 | = | -559,623 | ÷ | 79,845,789 | |
| Apr 22, 2021 | — | = | 26.42 | ÷ | -1.38 | -1.38 | = | -150,773 | ÷ | 109,122,398 | |
| Apr 29, 2020 | — | = | 6.59 | ÷ | -4.85 | -4.85 | = | -613,816 | ÷ | 126,553,062 | |
| Apr 30, 2019 | — | = | 16.71 | ÷ | -1.04 | -1.04 | = | -137,224 | ÷ | 132,089,269 | |
| May 2, 2018 | 5.78 | = | 17.50 | ÷ | 3.03 | 3.03 | = | 424,858 | ÷ | 140,311,297 | |
| Apr 25, 2017 | 8.34 | = | 39.36 | ÷ | 4.72 | 4.72 | = | 685,108 | ÷ | 145,153,735 | |
| Apr 26, 2016 | 9.13 | = | 49.32 | ÷ | 5.40 | 5.40 | = | 841,489 | ÷ | 155,832,064 | |
| Apr 28, 2015 | 12.88 | = | 71.19 | ÷ | 5.53 | 5.53 | = | 957,474 | ÷ | 173,182,037 | |
| Apr 29, 2014 | 12.42 | = | 62.23 | ÷ | 5.01 | 5.01 | = | 1,022,290 | ÷ | 204,016,305 | |
| Apr 30, 2013 | 14.59 | = | 68.80 | ÷ | 4.72 | 4.72 | = | 1,037,788 | ÷ | 220,044,578 | |
| Apr 24, 2012 | 16.00 | = | 67.71 | ÷ | 4.23 | 4.23 | = | 989,537 | ÷ | 233,773,500 | |
| Apr 26, 2011 | 18.05 | = | 57.13 | ÷ | 3.16 | 3.16 | = | 791,333 | ÷ | 250,063,186 | |
| Apr 27, 2010 | 20.31 | = | 46.30 | ÷ | 2.28 | 2.28 | = | 600,033 | ÷ | 263,260,391 | |
| Apr 28, 2009 | 18.47 | = | 30.24 | ÷ | 1.64 | 1.64 | = | 425,123 | ÷ | 259,664,269 | |
| Apr 30, 2008 | 14.95 | = | 32.50 | ÷ | 2.17 | 2.17 | = | 562,808 | ÷ | 258,923,423 | |
| May 2, 2007 | 19.21 | = | 41.20 | ÷ | 2.14 | 2.14 | = | 594,244 | ÷ | 277,125,199 | |
| May 12, 2006 | 18.36 | = | 37.26 | ÷ | 2.03 | 2.03 | = | 572,847 | ÷ | 282,233,013 | |
| May 12, 2005 | 21.68 | = | 37.23 | ÷ | 1.72 | 1.72 | = | 504,964 | ÷ | 294,106,233 |
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 financial trajectory from 2005 to 2022 is characterized by an initial period of growth and valuation stability, followed by a severe contraction in both earnings and market valuation.
- Earnings per Share (EPS) Trends
- A consistent upward trend in earnings is observed from 2005 through 2015, with EPS increasing from 1.72 to a peak of 5.53. Following 2015, a decline began, culminating in a transition to negative earnings starting in 2019. The losses intensified significantly by 2022, reaching -7.01.
- Share Price Movement
- The share price exhibited general growth for the first decade, reaching a high of 71.19 in 2015. From 2016 onward, a sharp downward trend occurred. While a temporary price spike was recorded in 2021 at 26.42, the overall trajectory remained negative, ending at 16.34 in 2022.
- Price to Earnings (P/E) Ratio Analysis
- The P/E ratio demonstrates a long-term compression. Between 2005 and 2010, the ratio fluctuated between approximately 15 and 22. Starting in 2011, a steady decline is evident, with the ratio dropping from 18.05 to 5.78 by 2018. This suggests a diminishing market valuation relative to earnings over time. For the period between 2019 and 2022, the P/E ratio is unavailable, coinciding with the shift to negative EPS values.
The correlation between the metrics indicates that while share prices initially grew alongside earnings, the market began discounting future earnings long before the company entered a period of net losses. The eventual collapse in share price mirrors the precipitous decline and subsequent inversion of earnings per share.
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Comparison to Competitors
Bed Bath & Beyond Inc., P/E, long-term trends, comparison to competitors
| Bed Bath & Beyond Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Apr 21, 2022 | — | — | 19.94 | 17.84 | 22.20 |
| Apr 22, 2021 | — | 48.08 | 24.51 | 22.36 | 881.78 |
| Apr 29, 2020 | — | 78.20 | 17.38 | 11.96 | 17.13 |
| Apr 30, 2019 | — | 86.30 | 18.87 | 37.80 | 21.11 |
| May 2, 2018 | 5.78 | 79.30 | 23.51 | 20.26 | 20.19 |
| Apr 25, 2017 | 8.34 | 228.25 | 22.37 | 22.62 | 22.11 |
| Apr 26, 2016 | 9.13 | 166.52 | 23.32 | 26.67 | 22.87 |
| Apr 28, 2015 | 12.88 | 463.73 | 23.15 | 26.24 | 21.62 |
| Apr 29, 2014 | 12.42 | — | 20.18 | 21.79 | 20.15 |
| Apr 30, 2013 | 14.59 | 601.07 | 22.86 | 21.13 | 17.99 |
| Apr 24, 2012 | 16.00 | — | 19.49 | 20.46 | 19.73 |
| Apr 26, 2011 | 18.05 | 129.38 | 18.15 | 17.66 | 14.54 |
| Apr 27, 2010 | 20.31 | 67.02 | 20.76 | 19.70 | 14.57 |
| Apr 28, 2009 | 18.47 | 61.80 | 18.59 | 12.26 | 12.02 |
| Apr 30, 2008 | 14.95 | 39.07 | 11.24 | 12.74 | 18.61 |
| May 2, 2007 | 19.21 | 65.85 | 12.59 | 15.42 | 16.30 |
| May 12, 2006 | 18.36 | 88.17 | 15.57 | 18.31 | 16.91 |
| May 12, 2005 | 21.68 | 45.52 | 16.29 | 19.15 | 17.81 |
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/E, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Bed Bath & Beyond Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Apr 21, 2022 | — | 63.32 |
| Apr 22, 2021 | — | 40.84 |
| Apr 29, 2020 | — | 49.11 |
| Apr 30, 2019 | — | 48.49 |
| May 2, 2018 | 5.78 | 45.41 |
| Apr 25, 2017 | 8.34 | 60.50 |
| Apr 26, 2016 | 9.13 | 47.75 |
| Apr 28, 2015 | 12.88 | 45.72 |
| Apr 29, 2014 | 12.42 | 38.28 |
| Apr 30, 2013 | 14.59 | 39.66 |
| Apr 24, 2012 | 16.00 | 37.17 |
| Apr 26, 2011 | 18.05 | 26.94 |
| Apr 27, 2010 | 20.31 | 27.21 |
| Apr 28, 2009 | 18.47 | 21.68 |
| Apr 30, 2008 | 14.95 | 14.47 |
| May 2, 2007 | 19.21 | 16.25 |
| May 12, 2006 | 18.36 | 17.92 |
| May 12, 2005 | 21.68 | 18.45 |
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/E, long-term trends, comparison to industry (consumer discretionary)
| Bed Bath & Beyond Inc. | Consumer Discretionary | |
|---|---|---|
| Apr 21, 2022 | — | 46.01 |
| Apr 22, 2021 | — | 39.27 |
| Apr 29, 2020 | — | 73.74 |
| Apr 30, 2019 | — | 39.37 |
| May 2, 2018 | 5.78 | 33.13 |
| Apr 25, 2017 | 8.34 | 47.03 |
| Apr 26, 2016 | 9.13 | 29.19 |
| Apr 28, 2015 | 12.88 | 24.70 |
| Apr 29, 2014 | 12.42 | 29.48 |
| Apr 30, 2013 | 14.59 | 26.50 |
| Apr 24, 2012 | 16.00 | 20.90 |
| Apr 26, 2011 | 18.05 | 11.38 |
| Apr 27, 2010 | 20.31 | 17.54 |
| Apr 28, 2009 | 18.47 | 18.66 |
| Apr 30, 2008 | 14.95 | 303.41 |
| May 2, 2007 | 19.21 | 24.33 |
| May 12, 2006 | 18.36 | 117.34 |
| May 12, 2005 | 21.68 | 17.54 |
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).