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: 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 Trend
The share price experienced significant fluctuations over the observed period. Initially, it rose from $8.84 in early 2006 to a peak of $13.24 in early 2007, followed by a decline to $6.42 by early 2009. Post-2009, a steady upward trajectory was noted, with the price reaching its highest point of $51.45 in early 2021. Subsequent years showed volatility, including a decline to $33.66 projected for early 2025.
Earnings Per Share (EPS) Movement
EPS showed a gradual increase from $0.14 in 2006 to $1.83 in 2017. A notable spike occurred in early 2018, reaching $4.89, before dropping to $2.59 in 2019. Following this, EPS fluctuated with moderate volatility, declining to $1.27 in 2022 but rising again to $4.28 in the projected 2025 value, indicating variability in profitability over time.
Price-to-Earnings (P/E) Ratio Dynamics
The P/E ratio exhibited a general downward trend from 61.12 in 2006 to a low of 7.86 projected for 2025, punctuated by intermittent increases. Significant dips corresponded with years when EPS spiked sharply, as in early 2018 when P/E dropped to 8.7 following the high EPS. Periods of P/E elevation, such as 31.38 in 2022, coincide with decreases in EPS, suggesting price adjustments to earnings fluctuations.
Interrelation Between Metrics
The inverse relationship between EPS and P/E ratio is evident, demonstrating market sensitivity to earnings changes. Despite share price growth overall, varying EPS levels have influenced the valuation multiple investors are willing to pay. The pronounced EPS spike in 2018 causing a P/E ratio drop exemplifies this dynamic. Conversely, share price declines during certain years did not always align with lower EPS, reflecting possible external factors affecting market perception.
Overall Financial Performance Insights
The data reflects a company with improving earnings capacity over nearly two decades, though subject to episodic volatility. Share price growth aligns broadly with EPS trends but incorporates fluctuations likely driven by broader market conditions or company-specific events. The declining P/E trend suggests increasing market confidence or a maturing company profile, with valuation multiples adjusting as earnings become more substantial and predictable.

Comparison to Competitors

Comcast Corp., P/E, 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)