Calculation
P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Feb 11, 2022 | 160.88 | = | 192.12 | ÷ | 1.19 | 1.19 | = | 186 | ÷ | 155,754,357 | |
Feb 12, 2021 | — | = | 146.51 | ÷ | -18.90 | -18.90 | = | -2,719 | ÷ | 143,864,551 | |
Feb 14, 2020 | 19.04 | = | 122.80 | ÷ | 6.45 | 6.45 | = | 903 | ÷ | 139,989,125 | |
Feb 8, 2019 | 26.96 | = | 130.80 | ÷ | 4.85 | 4.85 | = | 714 | ÷ | 147,190,304 | |
Feb 9, 2018 | 25.26 | = | 104.00 | ÷ | 4.12 | 4.12 | = | 625 | ÷ | 151,833,402 | |
Feb 10, 2017 | 39.80 | = | 122.65 | ÷ | 3.08 | 3.08 | = | 462 | ÷ | 149,808,388 | |
Feb 11, 2016 | 37.64 | = | 103.37 | ÷ | 2.75 | 2.75 | = | 414 | ÷ | 150,580,455 | |
Feb 6, 2015 | 19.06 | = | 77.87 | ÷ | 4.09 | 4.09 | = | 518 | ÷ | 126,720,006 | |
Feb 7, 2014 | 26.33 | = | 74.45 | ÷ | 2.83 | 2.83 | = | 366 | ÷ | 129,458,472 | |
Feb 6, 2013 | 20.60 | = | 65.70 | ÷ | 3.19 | 3.19 | = | 432 | ÷ | 135,388,187 | |
Feb 10, 2012 | 9.35 | = | 33.54 | ÷ | 3.59 | 3.59 | = | 480 | ÷ | 133,646,188 | |
Feb 11, 2011 | 7.98 | = | 42.62 | ÷ | 5.34 | 5.34 | = | 732 | ÷ | 137,030,466 | |
Feb 11, 2010 | 10.78 | = | 42.54 | ÷ | 3.95 | 3.95 | = | 571 | ÷ | 144,824,896 | |
Feb 19, 2009 | — | = | 15.80 | ÷ | -16.91 | -16.91 | = | -2,429 | ÷ | 143,669,924 | |
Feb 22, 2008 | 13.18 | = | 48.84 | ÷ | 3.70 | 3.70 | = | 529 | ÷ | 142,798,949 | |
Feb 28, 2007 | 18.29 | = | 42.52 | ÷ | 2.32 | 2.32 | = | 351 | ÷ | 151,120,285 | |
Mar 31, 2006 | 17.80 | = | 40.54 | ÷ | 2.28 | 2.28 | = | 397 | ÷ | 174,334,549 |
Based on: 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 Expedia Group Inc. Annual Report.
- Share Price Trends
- The share price experienced significant volatility over the analyzed period. Initially, it increased gradually from $40.54 in March 2006 to a peak of $48.84 in February 2008. This was followed by a sharp decline to $15.8 in February 2009, reflecting a notable market downturn. Subsequently, the share price recovered and generally trended upward, reaching $122.65 by February 2017. There was some fluctuation in the later years, but the price achieved a new high of $192.12 by February 2022.
- Operating Profit Per Share (OPPS) Trends
- Operating profit per share showed considerable fluctuations. After a moderate increase from $2.28 in March 2006 to $3.7 in February 2008, it dropped sharply to a negative $16.91 in February 2009, indicating substantial operational difficulties. Recovery was evident in subsequent years, with OPPS rising to $6.45 by February 2020. However, there was again a steep decline to negative $18.9 in February 2021, possibly indicating once more severe operational challenges. The figure improved to $1.19 by February 2022 but remained relatively low compared to prior positive peaks.
- Price-to-Operating Profit Ratio (P/OP) Analysis
- The P/OP ratio showed high variability, reflecting shifts in market valuation relative to operating profitability. Early ratios fluctuated between approximately 7.98 (February 2011) and 26.33 (February 2014), suggesting varying investor confidence. Periods with negative operating profits resulted in undefined or missing P/OP values. Notably, in February 2022, the P/OP ratio soared to 160.88, indicating the share price was substantially high relative to the company's operating profit per share, which was low. This may imply investor expectations of future profitability improvement despite recent operational challenges.
- Overall Insights
- The data indicate cycles of operational stress and recovery, with operating profit per share being a key driver of share price movements. The extreme drops in operating profit per share in 2009 and 2021 correspond with significant market valuation challenges. Despite these hurdles, the company’s share price showed resilience and long-term growth, particularly evident in the post-2009 recovery and the surge towards 2022. The P/OP ratio volatility suggests periods of market optimism not always supported by contemporaneous earnings, reflecting possible speculative dynamics or anticipations of turnaround.
Comparison to Competitors
Expedia Group Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | |
---|---|---|---|---|
Feb 11, 2022 | 160.88 | 64.48 | 17.25 | 13.52 |
Feb 12, 2021 | — | 72.85 | 12.33 | 8.11 |
Feb 14, 2020 | 19.04 | 68.77 | 13.51 | 21.77 |
Feb 8, 2019 | 26.96 | 64.31 | 13.82 | 10.61 |
Feb 9, 2018 | 25.26 | 168.60 | 13.26 | 11.97 |
Feb 10, 2017 | 39.80 | 94.32 | 13.88 | 13.66 |
Feb 11, 2016 | 37.64 | 123.77 | 14.03 | 14.77 |
Feb 6, 2015 | 19.06 | 925.12 | 11.86 | — |
Feb 7, 2014 | 26.33 | 221.06 | 13.35 | — |
Feb 6, 2013 | 20.60 | 183.43 | 11.36 | — |
Feb 10, 2012 | 9.35 | 94.71 | 10.38 | — |
Feb 11, 2011 | 7.98 | 54.92 | 11.50 | — |
Feb 11, 2010 | 10.78 | 49.38 | 9.64 | — |
Feb 19, 2009 | — | 29.93 | 6.82 | — |
Feb 22, 2008 | 13.18 | 47.85 | 7.50 | — |
Feb 28, 2007 | 18.29 | 43.07 | 9.71 | — |
Mar 31, 2006 | 17.80 | 37.83 | 10.28 | — |
Based on: 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).