Price to Earnings (P/E)
since 2005
Calculation
Dollar Tree Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 15, 2022 | 25.61 | = | 151.06 | ÷ | 5.90 | 5.90 | = | 1,327,900 | ÷ | 225,110,329 | |
| Mar 16, 2021 | 18.97 | = | 109.04 | ÷ | 5.75 | 5.75 | = | 1,341,900 | ÷ | 233,420,925 | |
| Mar 20, 2020 | 21.75 | = | 75.97 | ÷ | 3.49 | 3.49 | = | 827,000 | ÷ | 236,810,841 | |
| Mar 27, 2019 | — | = | 104.22 | ÷ | -6.68 | -6.68 | = | -1,590,800 | ÷ | 238,204,351 | |
| Mar 16, 2018 | 13.26 | = | 95.75 | ÷ | 7.22 | 7.22 | = | 1,714,300 | ÷ | 237,335,999 | |
| Mar 28, 2017 | 20.18 | = | 76.55 | ÷ | 3.79 | 3.79 | = | 896,200 | ÷ | 236,297,936 | |
| Mar 28, 2016 | 67.32 | = | 80.84 | ÷ | 1.20 | 1.20 | = | 282,400 | ÷ | 235,182,732 | |
| Mar 13, 2015 | 28.13 | = | 81.91 | ÷ | 2.91 | 2.91 | = | 599,200 | ÷ | 205,759,864 | |
| Mar 14, 2014 | 18.64 | = | 53.92 | ÷ | 2.89 | 2.89 | = | 596,700 | ÷ | 206,224,996 | |
| Mar 15, 2013 | 16.04 | = | 44.24 | ÷ | 2.76 | 2.76 | = | 619,300 | ÷ | 224,590,879 | |
| Mar 15, 2012 | 22.15 | = | 46.76 | ÷ | 2.11 | 2.11 | = | 488,300 | ÷ | 231,305,516 | |
| Mar 17, 2011 | 16.38 | = | 26.67 | ÷ | 1.63 | 1.63 | = | 397,300 | ÷ | 244,082,432 | |
| Mar 19, 2010 | 15.39 | = | 18.81 | ÷ | 1.22 | 1.22 | = | 320,500 | ÷ | 262,266,768 | |
| Mar 26, 2009 | 17.23 | = | 14.58 | ÷ | 0.85 | 0.85 | = | 229,500 | ÷ | 271,146,258 | |
| Apr 1, 2008 | 13.00 | = | 9.71 | ÷ | 0.75 | 0.75 | = | 201,300 | ÷ | 269,424,370 | |
| Apr 4, 2007 | 19.59 | = | 12.76 | ÷ | 0.65 | 0.65 | = | 192,000 | ÷ | 294,753,874 | |
| Apr 12, 2006 | 15.87 | = | 8.68 | ÷ | 0.55 | 0.55 | = | 173,918 | ÷ | 317,887,282 | |
| Apr 14, 2005 | 15.09 | = | 8.31 | ÷ | 0.55 | 0.55 | = | 180,250 | ÷ | 327,282,888 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Dollar Tree Inc. Annual Report.
The analysis of valuation metrics from 2005 to 2022 reveals a long-term upward trajectory in share price and earnings per share, punctuated by periods of significant volatility in the price-to-earnings (P/E) ratio.
- Share Price and Earnings Growth
- The share price exhibited a substantial long-term increase, rising from $8.31 in 2005 to a peak of $151.06 in 2022. Earnings per share (EPS) generally trended upward from $0.55 in 2005 to $5.90 in 2022, although this growth was interrupted by a significant decline in 2016 and a negative earnings result in 2019.
- P/E Ratio Trends and Anomalies
- For the first decade of the observed period (2005–2014), the P/E ratio remained relatively range-bound, typically fluctuating between 13.00 and 22.15. A severe deviation occurred in 2016, where the P/E ratio spiked to 67.32. This anomaly was driven by a sharp contraction in EPS to $1.20 while the share price remained resilient at $80.84, suggesting the market maintained high valuation expectations despite a temporary decline in profitability.
- Earnings Contraction and Valuation Recovery
- A critical volatility point is observed in 2019, when EPS fell to -$6.68, rendering the P/E ratio mathematically undefined for that period. Subsequent years show a recovery in both earnings and valuation; from 2020 to 2022, the P/E ratio stabilized between 18.97 and 25.61, aligning more closely with historical norms while the share price reached its historical maximum.
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Comparison to Competitors
Dollar Tree Inc., P/E, long-term trends, comparison to competitors
| Dollar Tree Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Mar 15, 2022 | 25.61 | 36.38 | 14.38 | 29.27 |
| Mar 16, 2021 | 18.97 | 39.65 | 20.39 | 27.47 |
| Mar 20, 2020 | 21.75 | 40.02 | 16.12 | 21.69 |
| Mar 27, 2019 | — | 35.76 | 13.56 | 41.79 |
| Mar 16, 2018 | 13.26 | 30.51 | 12.97 | 26.62 |
| Mar 28, 2017 | 20.18 | 25.70 | 11.11 | 16.03 |
| Mar 28, 2016 | 67.32 | 27.99 | 14.61 | 14.72 |
| Mar 13, 2015 | 28.13 | 27.57 | — | 15.91 |
| Mar 14, 2014 | 18.64 | 26.44 | 19.07 | 15.34 |
| Mar 15, 2013 | 16.04 | 25.15 | 14.65 | 14.48 |
| Mar 15, 2012 | 22.15 | 23.98 | 13.41 | 13.25 |
| Mar 17, 2011 | 16.38 | 24.24 | 12.23 | 11.15 |
| Mar 19, 2010 | 15.39 | 20.97 | 15.77 | 14.66 |
| Mar 26, 2009 | 17.23 | 23.48 | 10.19 | 15.44 |
| Apr 1, 2008 | 13.00 | 19.45 | 14.43 | 16.36 |
| Apr 4, 2007 | 19.59 | 25.99 | 18.35 | 17.36 |
| Apr 12, 2006 | 15.87 | 22.18 | 18.67 | 17.83 |
| Apr 14, 2005 | 15.09 | 22.23 | 13.78 | 20.66 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar Tree Inc., P/E, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar Tree Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Mar 15, 2022 | 25.61 | 26.93 |
| Mar 16, 2021 | 18.97 | 28.78 |
| Mar 20, 2020 | 21.75 | 24.18 |
| Mar 27, 2019 | — | 33.88 |
| Mar 16, 2018 | 13.26 | 24.87 |
| Mar 28, 2017 | 20.18 | 16.68 |
| Mar 28, 2016 | 67.32 | 16.23 |
| Mar 13, 2015 | 28.13 | 22.02 |
| Mar 14, 2014 | 18.64 | 16.85 |
| Mar 15, 2013 | 16.04 | 15.49 |
| Mar 15, 2012 | 22.15 | 14.17 |
| Mar 17, 2011 | 16.38 | 12.22 |
| Mar 19, 2010 | 15.39 | 15.27 |
| Mar 26, 2009 | 17.23 | 15.26 |
| Apr 1, 2008 | 13.00 | 16.27 |
| Apr 4, 2007 | 19.59 | 18.16 |
| Apr 12, 2006 | 15.87 | 18.30 |
| Apr 14, 2005 | 15.09 | 19.26 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Staples)
Dollar Tree Inc., P/E, long-term trends, comparison to industry (consumer staples)
| Dollar Tree Inc. | Consumer Staples | |
|---|---|---|
| Mar 15, 2022 | 25.61 | 25.35 |
| Mar 16, 2021 | 18.97 | 26.07 |
| Mar 20, 2020 | 21.75 | 24.12 |
| Mar 27, 2019 | — | 31.92 |
| Mar 16, 2018 | 13.26 | 20.62 |
| Mar 28, 2017 | 20.18 | 22.78 |
| Mar 28, 2016 | 67.32 | 21.50 |
| Mar 13, 2015 | 28.13 | 21.97 |
| Mar 14, 2014 | 18.64 | 19.71 |
| Mar 15, 2013 | 16.04 | 17.00 |
| Mar 15, 2012 | 22.15 | 16.60 |
| Mar 17, 2011 | 16.38 | 14.81 |
| Mar 19, 2010 | 15.39 | 14.32 |
| Mar 26, 2009 | 17.23 | 14.63 |
| Apr 1, 2008 | 13.00 | 15.52 |
| Apr 4, 2007 | 19.59 | 19.68 |
| Apr 12, 2006 | 15.87 | 19.79 |
| Apr 14, 2005 | 15.09 | 20.04 |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).