Stock Analysis on Net

Ross Stores Inc. (NASDAQ:ROST)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 7, 2022.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

Calculation

Ross Stores Inc., P/BV, long-term trends, calculation

Microsoft Excel

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 Ross Stores Inc. Annual Report.


Share Price Trend
The share price exhibited a general upward trajectory across the period analyzed, increasing from $6.99 in April 2005 to a peak of $120.38 in March 2021. This represents a significant appreciation over approximately 16 years. Notable accelerations in price occurred starting around 2010, moving from $13.32 to higher levels in subsequent years. However, some volatility is evident, with the share price decreasing from the peak of $120.38 in 2021 to $95.55 in 2022.
Book Value per Share (BVPS) Pattern
Book value per share grew consistently throughout the analyzed timeframe, starting at $1.30 in 2005 and reaching $11.57 by 2022. This steady increase indicates the company's accumulation of equity and potentially retained earnings over time. The growth in BVPS appears relatively smooth, with no abrupt declines, suggesting stable enhancement of the company's net asset base per share.
Price-to-Book Value Ratio (P/BV) Dynamics
The P/BV ratio fluctuated considerably over the years but generally displayed an upward trend. Starting at 5.40 in 2005, the ratio decreased slightly until 2008, reaching a low of 4.26, but then escalated sharply to highs above 13 in 2021. This rise reflects an increasing market valuation relative to book value, potentially driven by market optimism or improved earnings prospects. The ratio decreased subsequently to 8.26 in 2022, suggesting a correction or recalibration of market expectations relative to underlying book value.
Overall Insights
The combination of rising share prices and increasing book value per share indicates a positive growth narrative for the company over the medium to long term. The expanding P/BV ratio may imply heightened investor confidence and possibly higher expected future profitability. However, the volatility observed in the P/BV ratio and the recent decline in share price from its peak suggests that market sentiment can change, possibly due to external economic factors or internal performance considerations. The consistent growth in book value per share suggests strong fundamentals, while the fluctuating valuation multiples indicate market reassessment periods.

Comparison to Competitors

Ross Stores Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

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 Discretionary Distribution & Retail)

Ross Stores Inc., P/BV, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

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 Discretionary)