Price to Operating Profit (P/OP)
since 2005
Calculation
Comcast Corp., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2025 | 5.46 | = | 33.66 | ÷ | 6.16 | 6.16 | = | 23,297 | ÷ | 3,781,022,601 | |
| Jan 31, 2024 | 7.93 | = | 46.54 | ÷ | 5.87 | 5.87 | = | 23,314 | ÷ | 3,971,857,339 | |
| Feb 3, 2023 | 12.00 | = | 39.97 | ÷ | 3.33 | 3.33 | = | 14,041 | ÷ | 4,216,056,328 | |
| Feb 2, 2022 | 10.89 | = | 49.99 | ÷ | 4.59 | 4.59 | = | 20,817 | ÷ | 4,533,230,325 | |
| Feb 4, 2021 | 13.47 | = | 51.45 | ÷ | 3.82 | 3.82 | = | 17,493 | ÷ | 4,580,656,172 | |
| Jan 30, 2020 | 9.51 | = | 44.14 | ÷ | 4.64 | 4.64 | = | 21,125 | ÷ | 4,553,034,645 | |
| Jan 31, 2019 | 8.71 | = | 36.57 | ÷ | 4.20 | 4.20 | = | 19,009 | ÷ | 4,525,962,522 | |
| Jan 31, 2018 | 10.98 | = | 42.53 | ÷ | 3.87 | 3.87 | = | 17,987 | ÷ | 4,644,508,017 | |
| Feb 3, 2017 | 10.61 | = | 37.63 | ÷ | 3.55 | 3.55 | = | 16,859 | ÷ | 4,751,603,386 | |
| Feb 5, 2016 | 9.07 | = | 29.71 | ÷ | 3.28 | 3.28 | = | 15,998 | ÷ | 4,884,796,726 | |
| Feb 27, 2015 | 10.12 | = | 29.69 | ÷ | 2.93 | 2.93 | = | 14,904 | ÷ | 5,082,134,148 | |
| Feb 12, 2014 | 10.62 | = | 27.62 | ÷ | 2.60 | 2.60 | = | 13,563 | ÷ | 5,213,099,376 | |
| Feb 21, 2013 | 8.69 | = | 20.04 | ÷ | 2.31 | 2.31 | = | 12,179 | ÷ | 5,278,984,946 | |
| Feb 23, 2012 | 7.53 | = | 14.91 | ÷ | 1.98 | 1.98 | = | 10,721 | ÷ | 5,411,867,382 | |
| Feb 25, 2011 | 8.79 | = | 12.63 | ÷ | 1.44 | 1.44 | = | 7,980 | ÷ | 5,552,998,340 | |
| Feb 23, 2010 | 6.35 | = | 8.07 | ÷ | 1.27 | 1.27 | = | 7,214 | ÷ | 5,675,147,612 | |
| Feb 20, 2009 | 5.49 | = | 6.42 | ÷ | 1.17 | 1.17 | = | 6,732 | ÷ | 5,761,276,598 | |
| Feb 20, 2008 | 10.88 | = | 10.08 | ÷ | 0.93 | 0.93 | = | 5,578 | ÷ | 6,022,069,966 | |
| Feb 26, 2007 | 17.88 | = | 13.24 | ÷ | 0.74 | 0.74 | = | 4,619 | ÷ | 6,239,054,684 | |
| Feb 22, 2006 | 15.37 | = | 8.84 | ÷ | 0.58 | 0.58 | = | 3,690 | ÷ | 6,415,858,822 |
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.
The data reveals a generally positive trend in the company's financial performance and market valuation over the nearly two-decade period under review, with some fluctuations observed in certain years.
- Share Price
- The share price shows an overall upward trajectory starting at $8.84 in February 2006 and peaking at $51.45 in February 2021. This reflects a significant appreciation in market value. However, periods of volatility are noticeable, such as declines from $13.24 in 2007 to $6.42 in 2009, likely corresponding to broader economic conditions. After the peak in 2021, the price decreased to $33.66 by January 2025, indicating a noteworthy correction or market adjustment.
- Operating Profit Per Share
- This metric exhibits a consistent increase from $0.58 in 2006 to $6.16 in January 2025, highlighting sustained growth in operating profitability on a per-share basis. Despite some variability, such as a decline from $4.64 in 2020 to $3.33 in 2022, the long-term trend is upward, demonstrating improved operational efficiency and earnings power.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio fluctuates considerably across the years, initially starting high at 15.37 in 2006, dropping to a low of 5.49 in 2009, and rising again to above 13 in 2021. This variability suggests changing investor sentiment and market expectations relative to the company’s operating profit. The ratio's peaks often coincide with share price highs and dips in operating profit growth rates. The recent decrease in P/OP to 5.46 by January 2025 might indicate the stock is comparatively undervalued relative to its operating profit or reflects market skepticism.
Overall, the company exhibits strong fundamental growth in operating profitability, accompanied by significant appreciation in share price with some cyclical adjustments. Variations in the P/OP ratio point to fluctuating market valuation relative to operating profits, signaling changing investor risk appetite or external economic influences throughout the periods shown.
Comparison to Competitors
Comcast Corp., P/OP, long-term trends, comparison to competitors
| Comcast Corp. | Alphabet Inc. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | |
|---|---|---|---|---|---|
| Jan 31, 2025 | 5.46 | 0.00 | 25.09 | 39.91 | — |
| Jan 31, 2024 | 7.93 | 20.92 | 25.90 | 35.50 | — |
| Feb 3, 2023 | 12.00 | 18.01 | 16.91 | 28.85 | 30.10 |
| Feb 2, 2022 | 10.89 | 24.86 | 13.84 | 27.71 | 32.96 |
| Feb 4, 2021 | 13.47 | 33.85 | 23.10 | 52.02 | 37.65 |
| Jan 30, 2020 | 9.51 | 29.05 | 24.90 | 57.82 | 56.39 |
| Jan 31, 2019 | 8.71 | 30.27 | 19.10 | 89.46 | 96.07 |
| Jan 31, 2018 | 10.98 | 28.74 | 27.76 | 147.25 | 88.40 |
| Feb 3, 2017 | 10.61 | 23.36 | 30.46 | 161.44 | — |
| Feb 5, 2016 | 9.07 | 24.29 | 49.89 | 132.15 | — |
| Feb 27, 2015 | 10.12 | 21.78 | 43.72 | 66.68 | 4.53 |
| Feb 12, 2014 | 10.62 | 28.56 | 56.90 | 105.92 | 290.04 |
| Feb 21, 2013 | 8.69 | 19.47 | 131.64 | 184.56 | — |
| Feb 23, 2012 | 7.53 | 15.73 | — | 18.26 | 18.67 |
| Feb 25, 2011 | 8.79 | 19.34 | — | 43.91 | — |
| Feb 23, 2010 | 6.35 | 20.40 | — | 18.20 | — |
| Feb 20, 2009 | 5.49 | 17.00 | — | 17.28 | 5.65 |
| Feb 20, 2008 | 10.88 | 32.64 | — | 21.19 | — |
| Feb 26, 2007 | 17.88 | 39.28 | — | 24.04 | — |
| Feb 22, 2006 | 15.37 | 49.92 | — | 472.05 | 28.34 |
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).