Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Comcast Corp., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Comcast Corp. Annual Report.


Share Price Trends
The share price exhibited volatility over the observed periods. Initially, there was a rise from $8.84 in February 2006 to a peak of $13.24 in February 2007, followed by a decline to $6.42 by February 2009, indicating a downward trend likely influenced by broader market conditions. Subsequently, the price recovered robustly, reaching a high of $51.45 in February 2021. After this peak, a decline was observed with prices falling to $33.66 by January 2025, suggesting a period of market correction or company-specific challenges.
Book Value Per Share (BVPS) Trends
The book value per share showed a consistent upward trajectory throughout the entire period, increasing from $6.27 in February 2006 to $22.63 in January 2025. This steady growth reflects continuous accumulation of equity and retained earnings, indicating a strengthening of the company's net asset value on a per-share basis despite fluctuations in market price.
Price-to-Book Value (P/BV) Ratio Analysis
The P/BV ratio exhibited notable fluctuations correlating with changes in share price relative to book value. Initially, the ratio increased from 1.41 in 2006 to 2.01 in 2007, then fell below 1.0 in 2009, consistent with the share price dropping below book value, indicating undervaluation or market skepticism at that time. Subsequent years saw the ratio rising again, peaking at 3.31 in 2017, suggesting significant investor optimism or overvaluation relative to book value. Following this peak, the ratio declined to 1.49 by January 2025, indicating a correction phase and a closer alignment of market price to underlying book value.
Overall Insights
The data reflects a company experiencing significant market valuation fluctuations, with share prices subject to economic cycles and investor sentiment. The steadily increasing book value per share indicates underlying asset growth and financial strength. Variations in the P/BV ratio suggest changing investor perceptions and market conditions influencing the company's valuation over time.

Comparison to Competitors

Comcast Corp., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)