Bed Bath & Beyond Inc. (NASDAQ:BBBY)

Price to Earnings (P/E) Ratio

The P/E ratio data begins from November 26, 2016. Initially, the ratio shows a declining trend from 8.34 in late 2016 to a low point around 5.43 in March 2019. This suggests a decreasing market valuation relative to earnings over this period. There is a lack of data following March 2019 until an increased value of 34.57 appears in August 2022, indicating a sharp rise in valuation or potentially a significant change in earnings.

Price to Operating Profit (P/OP) Ratio

Similar to the P/E ratio, the P/OP ratio data starts in late 2016. The ratio steadily declines from 5.03 to approximately 3.08 by March 2019, reflecting a falling market price relative to operating profit during that period. Again, there is an absence of data until August 2022 where a pronounced increase to 66.69 is observed, signaling a significant market movement relative to operating profit at that time.

Price to Sales (P/S) Ratio

The P/S ratio is available over a longer timeframe, beginning from late 2016 through mid-2022. Initially, there is a downward trend from 0.47 in November 2016 to a trough of 0.05 in May 2022, indicating a steady decrease in market price relative to sales. Intermittent increases from 0.07 in August 2022 suggest some recovery or fluctuation but overall remain at historically low levels, implying a weak market valuation relative to sales for much of the period.

Price to Book Value (P/BV) Ratio

Starting from May 2016, the P/BV ratio shows a consistently declining trend from 2.66 to a low of 0.47 in May 2020. This sustained decline reflects diminishing market confidence relative to book value. However, from mid-2020 onwards, a sharp reversal occurs with ratios increasing significantly to 7.49 by February 2022, indicating a pronounced increase in market valuation relative to book value. This suggests either a substantial re-rating of the company or significant changes in underlying book value or market sentiment.

Overall Observations

The data reveals a persistent decline in market valuation ratios (P/E, P/OP, P/S, and P/BV) from 2016 through early 2020. This may indicate weakening investor sentiment or deteriorating financial performance relative to earnings, profits, sales, and book value. From 2020 onwards, a marked rebound in ratios, particularly in P/BV and the sudden spikes in P/E and P/OP by 2022, point to either a recovery phase or substantial changes in company fundamentals or market dynamics. The low and fluctuating P/S values suggest continued challenges in sales valuation despite these changes.

The financial data reveals significant fluctuations and notable trends across the analyzed periods.

Share Price

The share price exhibited a downward trend from May 2016 through May 2020, decreasing from $43.55 to a low of $6.59. After this trough, it experienced some recovery, peaking at $33.29 in May 2021, before declining again to $6.09 by August 2022. This pattern indicates considerable volatility and a generally diminished market valuation over the entire span.

Earnings per Share (EPS)

EPS data begins in February 2017, showing a consistent decline from positive figures (4.72 in Feb 2017) to negative territory starting December 2018. The decline deepens sharply, reaching a low of -14.43 in August 2022. The negative EPS values reflect sustained and worsening company losses over these periods.

Price to Earnings (P/E) Ratio

P/E ratios were reported intermittently. Early ratios indicate low values ranging roughly between 5.43 and 8.34, consistent with declining earnings yet still positive EPS. P/E data is unavailable during the significant negative earnings periods. A notable P/E of 34.57 appears at one late point, likely reflecting substantially depressed earnings or atypical market pricing at that time.

Overall, the data portrays a company experiencing a pronounced deterioration in financial performance, as indicated by declining earnings per share and share prices. While there was a brief recovery in share price around mid-2021, the subsequent decline coupled with continued negative EPS suggests ongoing financial distress. The absence of consistent P/E data during key periods complicates valuation analysis but aligns with sustained losses.

Share Price Trend

The share price shows a general downward trend from May 2016 to around May 2022. Initially, the price decreased gradually from around $43.55 to lows near $6.59 in early 2020. A notable volatility appears through 2020 and 2021, with prices briefly rising up to $33.29 in May 2021 before declining again towards $4.99 in May 2022. Despite intermittent recoveries, the overall price trend is predominantly declining over the observed period.

Operating Profit Per Share

Operating profit per share data is absent prior to May 2017. From May 2017, this metric consistently declines, starting from a positive $7.82 to negative figures by mid-2019. The decline continues with increasing losses, reaching a low of approximately -$11.66 by August 2022. The trend indicates a significant deterioration in operating profitability over time, transitioning from a profitable state to sustained losses.

Price to Operating Profit (P/OP) Ratio

The P/OP ratio is only available between May 2017 and early 2019 with values ranging roughly between 3 and 5. This ratio suggests a moderate valuation relative to operating profit during that period. Post-2019 data is mostly missing except for a high abnormal value (66.69) at some point, likely reflecting the negative or very low operating profits causing distortions in the ratio. This lack of consistent data and the abrupt shift highlights challenges in valuing the company based on operating profits due to deteriorating financial performance.

Overall Financial Performance and Market Evaluation

Over the reviewed quarters, the company exhibits a marked decline in operating profitability alongside a volatile and mostly declining share price. The transition from positive operating profit per share to increased losses indicates weakening core business performance. Concurrently, share price trends illustrate investor sentiment responding negatively to deteriorating fundamentals with temporary rebounds. The absence and volatility of valuation ratios in the latter periods reflect difficulty in stable financial appraisal, likely influenced by persistent operating losses and market uncertainty. Collectively, these patterns depict a company experiencing operational and market challenges across the timeline.

The data reveals several noteworthy trends concerning the share price, sales per share, and price-to-sales (P/S) ratio over the given periods.

Share Price

The share price exhibited a general downward trend from May 2016 to May 2020, declining from $43.55 to a low of $6.59. This decline was punctuated by intermittent fluctuations, including brief increases in mid-2018 and early 2021. Notably, a pronounced recovery emerged between May 2020 and May 2021, where the share price rose from $6.59 to a peak of $33.29, followed by a gradual decline again towards August 2022, settling around $6.09.

Sales Per Share

Sales per share showed a generally stable to slightly declining pattern from the earliest available data in May 2017 through August 2022. Initial values hovered in the mid-80s (approximately $84 to $92), with minor fluctuations but an overall moderate decline observed starting around February 2020, coinciding with the onset of the COVID-19 pandemic period. The lower sales per share persisted with values dropping to the mid-70s to high 80s by August 2022.

Price-to-Sales (P/S) Ratio

The P/S ratio started relatively low in 2017 at around 0.47 and trended downward substantially through the period, reaching a minimum near 0.05 in May 2022. This sustained decline reflects deteriorating market valuation relative to sales, with some short-term recoveries in early 2021 (up to approximately 0.35). The reduction in the P/S ratio alongside the falling share price, despite relatively stable sales per share, indicates eroding market confidence and valuation multiples.

In summary, the data illustrates a significant depreciation of the company’s market valuation from 2016 through 2020, with a sharp but short-lived rebound in 2020-2021. Sales per share remained relatively stable but showed a mild declining tendency in recent periods. The marked decline in the P/S ratio highlights diminishing investor sentiment and reduced willingness to pay a premium for each dollar of sales. This overall pattern may signal challenges in market perception and underlying business performance stability over the examined timeline.

The company's share price exhibits a fluctuating downward trend from May 2016 through May 2020, decreasing from $43.55 to a low of $6.59. Subsequently, there is a recovery phase from May 2020 to May 2021 where the share price increases significantly to $33.29. After this peak, the share price declines again through August 2022, reaching a low of $6.09.

Book value per share (BVPS) shows a gradual increase from $16.37 in May 2016, peaking around early 2019 at just above $21. However, starting from mid-2019, BVPS falls sharply, turning negative by August 2022, reaching -$7.19. This decline indicates a deteriorating financial base or increasing liabilities relative to equity over the period.

The price-to-book value (P/BV) ratio demonstrates variability reflecting the trends of share price relative to BVPS. Initially, the ratio declines steadily from 2.66 in May 2016 to as low as 0.47 in February 2020, suggesting the market price dropped more sharply than book value. Following February 2020, the P/BV ratio increases substantially, peaking at 7.49 by May 2022. This sharp rise combined with the negative BVPS at that time indicates that the share price was significantly higher than the per-share book value, a sign of increasing market speculation or expectations despite deteriorating book value.

Overall, the data reflects considerable volatility in market valuation and deteriorating book value per share over the analyzed period, culminating in a challenging financial position as evidenced by the negative BVPS and elevated P/BV ratios in the most recent quarters.

Share Price Trend

Declined from $43.55 (May 2016) to $6.59 (May 2020), surged to $33.29 (May 2021), then decreased again to $6.09 (Aug 2022).

Book Value per Share (BVPS) Trend

Increased from $16.37 (May 2016) to above $21 (early 2019), then declined sharply, becoming negative (-$7.19) by Aug 2022.

Price-to-Book Value (P/BV) Ratio

Decreased from 2.66 to 0.47 by Feb 2020, then increased sharply to 7.49 by May 2022, reflecting divergence between market price and book value.