Stock Analysis on Net
Stock Analysis on Net

Charter Communications Inc. (NASDAQ:CHTR)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Historical Valuation Ratios (Summary)

Charter Communications Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Price to earnings (P/E) 36.53 44.87 52.52 58.10 65.14 79.42 65.14 63.06 60.65 6.44 7.03 6.31 9.34 98.79 100.98 23.38 24.77
Price to operating profit (P/OP) 14.00 15.27 16.24 15.28 16.69 16.57 15.27 14.80 14.29 13.54 15.64 14.86 22.51 19.78 23.79 29.19 35.52
Price to sales (P/S) 2.45 2.56 2.55 2.27 2.37 2.19 1.98 1.88 1.71 1.57 1.66 1.49 2.22 1.91 2.32 2.47 3.01
Price to book value (P/BV) 4.94 4.49 4.05 3.55 3.46 3.01 2.50 2.32 2.06 1.82 1.89 1.61 2.36 2.37 2.58 2.27 2.17 1.66 1.72

Based on: 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-04-28).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Charter Communications Inc.’s P/E ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Charter Communications Inc.’s P/OP ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Charter Communications Inc.’s P/S ratio increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 2020.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Charter Communications Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Earnings (P/E)

Charter Communications Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 193,730,993 199,875,129 204,899,177 206,457,541 209,975,964 214,780,120 221,477,665 223,408,075 225,353,808 228,917,693 231,863,932 237,463,450 238,506,060 248,610,435 257,883,734 267,537,943 268,897,793 270,665,392 270,927,829 112,468,096
Selected Financial Data (US$)
Net income (loss) attributable to Charter shareholders (in millions) 1,246  814  766  396  714  387  314  253  296  493  273  168  9,553  48  139  155  454  189  3,067  (188)
Earnings per share (EPS)2 16.63 13.46 11.04 8.77 7.94 5.82 6.12 5.89 5.46 45.81 43.31 41.72 41.49 3.20 3.63 14.45 13.10 0.00 0.00 0.00
Share price1, 3 607.56 603.82 580.00 509.64 517.46 462.19 398.79 371.19 331.05 295.01 304.58 263.33 387.50 316.29 366.90 337.69 324.46 247.42 255.76 209.75
Valuation Ratio
P/E ratio4 36.53 44.87 52.52 58.10 65.14 79.42 65.14 63.06 60.65 6.44 7.03 6.31 9.34 98.79 100.98 23.38 24.77
Benchmarks
P/E Ratio, Competitors5
Comcast Corp. 22.37 19.10 17.33 14.74 15.39 16.44 16.79 16.01 14.11 6.74 6.64 6.80 8.70 16.91 19.34 20.57 20.56
Netflix Inc. 86.39 76.39 82.63 85.48 80.66 85.33 119.81 124.52 118.55 119.73 165.07 216.75 220.95 192.24 219.23 180.43 328.44
Walt Disney Co. 33.92 25.19 23.96 20.74 18.03 15.32 13.36 14.42 13.22 14.61 17.28 18.34 18.99 19.17 16.65 16.83 18.97 16.59

Based on: 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-04-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
EPS = (Net income (loss) attributable to Charter shareholdersQ4 2020 + Net income (loss) attributable to Charter shareholdersQ3 2020 + Net income (loss) attributable to Charter shareholdersQ2 2020 + Net income (loss) attributable to Charter shareholdersQ1 2020) ÷ No. shares of common stock outstanding
= (1,246,000,000 + 814,000,000 + 766,000,000 + 396,000,000) ÷ 193,730,993 = 16.63

3 Closing price as at the filing date of Charter Communications Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/E ratio = Share price ÷ EPS
= 607.56 ÷ 16.63 = 36.53

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Charter Communications Inc.’s P/E ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Operating Profit (P/OP)

Charter Communications Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 193,730,993 199,875,129 204,899,177 206,457,541 209,975,964 214,780,120 221,477,665 223,408,075 225,353,808 228,917,693 231,863,932 237,463,450 238,506,060 248,610,435 257,883,734 267,537,943 268,897,793 270,665,392 270,927,829 112,468,096
Selected Financial Data (US$)
Income from operations (in millions) 2,462  2,172  1,969  1,802  1,959  1,586  1,541  1,425  1,439  1,380  1,360  1,042  1,204  909  1,052  941  1,073  911  170  302 
Operating profit per share2 43.38 39.53 35.71 33.36 31.01 27.89 26.12 25.08 23.17 21.78 19.47 17.72 17.22 15.99 15.42 11.57 9.13 0.00 0.00 0.00
Share price1, 3 607.56 603.82 580.00 509.64 517.46 462.19 398.79 371.19 331.05 295.01 304.58 263.33 387.50 316.29 366.90 337.69 324.46 247.42 255.76 209.75
Valuation Ratio
P/OP ratio4 14.00 15.27 16.24 15.28 16.69 16.57 15.27 14.80 14.29 13.54 15.64 14.86 22.51 19.78 23.79 29.19 35.52
Benchmarks
P/OP Ratio, Competitors5
Comcast Corp. 13.47 10.47 9.93 8.26 9.51 10.00 10.19 9.97 8.71 8.77 8.58 8.74 10.98 9.34 10.45 10.85 10.61
Netflix Inc. 52.02 52.42 59.01 61.48 57.82 51.09 74.10 97.38 89.46 92.49 119.87 141.40 147.25 113.23 123.13 103.61 161.44
Walt Disney Co. 240.31 21.65 26.30 24.82 21.70 18.48 11.63 11.37 12.16 10.74 11.53 11.26 11.73 12.19 12.31 11.01 10.74 12.24 10.86

Based on: 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-04-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Operating profit per share = (Income from operationsQ4 2020 + Income from operationsQ3 2020 + Income from operationsQ2 2020 + Income from operationsQ1 2020) ÷ No. shares of common stock outstanding
= (2,462,000,000 + 2,172,000,000 + 1,969,000,000 + 1,802,000,000) ÷ 193,730,993 = 43.38

3 Closing price as at the filing date of Charter Communications Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 607.56 ÷ 43.38 = 14.00

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Charter Communications Inc.’s P/OP ratio decreased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Price to Sales (P/S)

Charter Communications Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 193,730,993 199,875,129 204,899,177 206,457,541 209,975,964 214,780,120 221,477,665 223,408,075 225,353,808 228,917,693 231,863,932 237,463,450 238,506,060 248,610,435 257,883,734 267,537,943 268,897,793 270,665,392 270,927,829 112,468,096
Selected Financial Data (US$)
Revenues (in millions) 12,624  12,039  11,696  11,738  11,761  11,450  11,347  11,206  11,231  10,892  10,854  10,657  10,602  10,458  10,357  10,164  10,275  10,037  6,161  2,530 
Sales per share2 248.27 236.32 227.65 224.24 217.95 210.61 201.72 197.77 193.62 187.86 183.60 177.18 174.34 165.94 158.34 136.94 107.86 0.00 0.00 0.00
Share price1, 3 607.56 603.82 580.00 509.64 517.46 462.19 398.79 371.19 331.05 295.01 304.58 263.33 387.50 316.29 366.90 337.69 324.46 247.42 255.76 209.75
Valuation Ratio
P/S ratio4 2.45 2.56 2.55 2.27 2.37 2.19 1.98 1.88 1.71 1.57 1.66 1.49 2.22 1.91 2.32 2.47 3.01
Benchmarks
P/S Ratio, Competitors5
Comcast Corp. 2.28 1.89 1.89 1.58 1.84 1.88 1.96 1.98 1.75 1.84 1.82 1.82 2.34 2.03 2.21 2.29 2.22
Netflix Inc. 9.54 9.00 9.79 8.91 7.47 6.39 7.83 9.48 9.09 10.15 11.77 11.40 10.56 7.77 7.79 6.40 6.94
Walt Disney Co. 4.13 3.04 2.33 3.48 3.81 3.95 4.07 2.83 2.83 2.99 2.67 2.87 2.81 2.98 3.16 3.12 2.81 2.77 3.15 2.77

Based on: 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-04-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
Sales per share = (RevenuesQ4 2020 + RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020) ÷ No. shares of common stock outstanding
= (12,624,000,000 + 12,039,000,000 + 11,696,000,000 + 11,738,000,000) ÷ 193,730,993 = 248.27

3 Closing price as at the filing date of Charter Communications Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 607.56 ÷ 248.27 = 2.45

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Charter Communications Inc.’s P/S ratio increased from Q2 2020 to Q3 2020 but then decreased significantly from Q3 2020 to Q4 2020.

Price to Book Value (P/BV)

Charter Communications Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
No. shares of common stock outstanding1 193,730,993 199,875,129 204,899,177 206,457,541 209,975,964 214,780,120 221,477,665 223,408,075 225,353,808 228,917,693 231,863,932 237,463,450 238,506,060 248,610,435 257,883,734 267,537,943 268,897,793 270,665,392 270,927,829 112,468,096
Selected Financial Data (US$)
Total Charter shareholders’ equity (deficit) (in millions) 23,805  26,906  29,356  29,628  31,445  32,974  35,286  35,734  36,285  37,105  37,443  38,768  39,084  33,229  36,628  39,720  40,139  40,277  40,240  (219)
Book value per share (BVPS)2 122.88 134.61 143.27 143.51 149.76 153.52 159.32 159.95 161.01 162.09 161.49 163.26 163.87 133.66 142.03 148.46 149.27 148.81 148.53 -1.95
Share price1, 3 607.56 603.82 580.00 509.64 517.46 462.19 398.79 371.19 331.05 295.01 304.58 263.33 387.50 316.29 366.90 337.69 324.46 247.42 255.76 209.75
Valuation Ratio
P/BV ratio4 4.94 4.49 4.05 3.55 3.46 3.01 2.50 2.32 2.06 1.82 1.89 1.61 2.36 2.37 2.58 2.27 2.17 1.66 1.72
Benchmarks
P/BV Ratio, Competitors5
Comcast Corp. 2.61 2.29 2.39 2.11 2.43 2.61 2.64 2.60 2.31 2.28 2.25 2.28 2.88 3.06 3.38 3.41 3.31 2.80 3.09 2.83
Netflix Inc. 21.56 20.75 23.74 22.69 19.86 17.58 22.60 27.62 27.41 30.18 36.33 36.16 34.48 25.43 25.50 20.46 22.88 20.93 15.23 17.89
Walt Disney Co. 3.23 2.47 2.02 2.91 2.98 2.82 2.70 3.34 3.45 3.76 3.36 3.69 3.76 3.88 4.01 3.99 3.61 3.52 3.92 3.43

Based on: 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-30), 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-01-31), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-02), 10-Q (filing date: 2017-10-26), 10-Q (filing date: 2017-07-27), 10-Q (filing date: 2017-05-02), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-09), 10-Q (filing date: 2016-04-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2020 Calculation
BVPS = Total Charter shareholders’ equity (deficit) ÷ No. shares of common stock outstanding
= 23,805,000,000 ÷ 193,730,993 = 122.88

3 Closing price as at the filing date of Charter Communications Inc.’s Quarterly or Annual Report.

4 Q4 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 607.56 ÷ 122.88 = 4.94

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Charter Communications Inc.’s P/BV ratio increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.