Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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.


The price-to-earnings (P/E) ratio exhibited considerable fluctuation over the observed period, spanning from 2006 to 2026. Initial values were relatively high, followed by a period of decline, then a resurgence, and finally, a recent downward trend.

Early Period (2006-2009)
The P/E ratio began at 61.12 in 2006, demonstrating a significant decrease over the subsequent three years, reaching a low of 14.52 in 2009. This decline coincided with a period of economic uncertainty and likely reflected investor concerns regarding future earnings potential. While share price decreased during this period, the rate of decline in EPS was less pronounced, contributing to the falling P/E ratio.
Stabilization and Growth (2010-2017)
From 2010 to 2017, the P/E ratio experienced a period of relative stability with moderate fluctuations, generally ranging between 12.59 and 20.56. Earnings per share increased consistently during much of this timeframe, while the share price also showed an upward trend, particularly from 2015 to 2017. The P/E ratio reached a low of 8.70 in 2018, coinciding with a substantial increase in EPS.
Recent Trends (2018-2026)
Following 2017, the P/E ratio displayed increased volatility. A rise to 31.38 was observed in 2022, driven by a combination of share price decline and a significant decrease in EPS. Subsequently, the ratio decreased to 12.01 in 2023 and continued its downward trajectory, reaching 7.86 in 2024 and 5.35 in 2025. This recent decline suggests that investors are becoming less willing to pay a premium for each dollar of earnings, potentially indicating concerns about future growth prospects or increased risk perception. The projected P/E ratio for 2026 continues this trend.

Overall, the P/E ratio’s movement suggests a dynamic relationship between investor sentiment, earnings performance, and share price valuation. The recent downward trend warrants further investigation to determine the underlying factors influencing investor expectations.


Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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)