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 analysis of the annual financial data reveals several notable trends in key financial metrics over the observed period.
- Share Price
- The share price exhibited a general upward trend from 2005 through 2015, increasing from $37.23 to a peak of $71.19. After 2015, the price showed a marked decline, dropping sharply to $17.50 by 2018 and reaching a low of $6.59 in 2020. A brief recovery is observed in 2021 with a rise to $26.42, followed by another decline to $16.34 in 2022. This pattern indicates significant volatility, particularly after 2015, reflecting increasing market uncertainty or deteriorating company performance.
- Earnings per Share (EPS)
- EPS grew steadily from $1.72 in 2005 to a peak of $5.53 in 2015, aligning with the share price rise and suggesting improved profitability during this period. A decline in EPS began in 2016, with values dropping from $5.40 to $4.72 in 2017, and deteriorating further in subsequent years. By 2019, EPS turned negative (-$1.04), indicating a shift to net losses. This downward trend intensified through 2022, culminating in a deeply negative EPS of -$7.01, which suggests persistent operational challenges and declining earnings capacity.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio decreased steadily over the years with available data until 2018, moving from 21.68 in 2005 to approximately 5.78 in 2018. This decline implies a diminishing market valuation per unit of earnings, possibly reflecting reduced investor confidence or market expectations of future earnings growth. It is important to note that P/E ratios are not provided for periods after 2018, likely due to negative earnings making the ratio inapplicable or less meaningful.
Overall, the data suggests a period of growth and profitability culminating around 2015, followed by a period marked by significant declines in both share price and earnings, along with increasing financial distress starting in 2018 and continuing through 2022. The declining P/E ratios prior to negative earnings highlight a transitioning market sentiment from confidence to caution, culminating in an earnings collapse and substantial loss.
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).