Price to Earnings (P/E)
since 2005
Calculation
Twenty-First Century Fox Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to Twenty-First Century Fox, Inc. stockholders1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 13, 2018 | 18.81 | = | 45.32 | ÷ | 2.41 | 2.41 | = | 4,464 | ÷ | 1,852,574,153 | |
| Aug 14, 2017 | 17.69 | = | 28.21 | ÷ | 1.59 | 1.59 | = | 2,952 | ÷ | 1,851,057,916 | |
| Aug 11, 2016 | 17.69 | = | 26.16 | ÷ | 1.48 | 1.48 | = | 2,755 | ÷ | 1,862,528,151 | |
| Aug 13, 2015 | 7.32 | = | 30.12 | ÷ | 4.11 | 4.11 | = | 8,306 | ÷ | 2,019,460,912 | |
| Aug 14, 2014 | 17.35 | = | 35.76 | ÷ | 2.06 | 2.06 | = | 4,514 | ÷ | 2,190,056,341 | |
| Aug 19, 2013 | 10.23 | = | 31.44 | ÷ | 3.07 | 3.07 | = | 7,097 | ÷ | 2,309,530,372 | |
| Aug 14, 2012 | 46.78 | = | 23.30 | ÷ | 0.50 | 0.50 | = | 1,179 | ÷ | 2,367,337,220 | |
| Aug 15, 2011 | 16.22 | = | 16.91 | ÷ | 1.04 | 1.04 | = | 2,739 | ÷ | 2,626,892,496 | |
| Aug 6, 2010 | 14.56 | = | 14.10 | ÷ | 0.97 | 0.97 | = | 2,539 | ÷ | 2,621,188,038 | |
| Aug 12, 2009 | — | = | 11.26 | ÷ | -1.29 | -1.29 | = | -3,378 | ÷ | 2,614,312,978 | |
| Aug 13, 2008 | 6.62 | = | 13.67 | ÷ | 2.06 | 2.06 | = | 5,387 | ÷ | 2,609,043,246 | |
| Aug 23, 2007 | 18.63 | = | 20.40 | ÷ | 1.10 | 1.10 | = | 3,426 | ÷ | 3,128,392,204 | |
| Aug 23, 2006 | 25.29 | = | 18.53 | ÷ | 0.73 | 0.73 | = | 2,314 | ÷ | 3,157,684,640 | |
| Sep 1, 2005 | 24.80 | = | 16.16 | ÷ | 0.65 | 0.65 | = | 2,128 | ÷ | 3,266,235,922 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Twenty-First Century Fox Inc. Annual Report.
The financial performance and valuation of the entity between 2005 and 2018 are characterized by a general appreciation in share price coupled with significant volatility in earnings per share (EPS), leading to inconsistent price-to-earnings (P/E) multiples.
- Share Price Trajectory
- A long-term upward trend is observed in the share price, which rose from 16.16 US$ in 2005 to 45.32 US$ by 2018. While growth was gradual during the first several years, a more pronounced acceleration occurred after 2012, with the price nearly doubling between 2012 and 2018.
- Earnings Per Share (EPS) Volatility
- EPS exhibited substantial instability over the analyzed period. After steady growth from 2005 to 2008, a sharp decline occurred in 2009, resulting in negative earnings of -1.29 US$. Following a recovery period, earnings peaked in 2015 at 4.11 US$ before experiencing another decline in 2016 and a subsequent partial recovery to 2.41 US$ by 2018.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio fluctuated significantly, reflecting shifts in investor sentiment and earnings stability. The ratio contracted from 24.80 in 2005 to 6.62 in 2008. In 2009, the P/E ratio was not calculable due to negative earnings. A notable valuation spike occurred in 2012, where the P/E reached a peak of 46.78, driven by a combination of rising share prices and a temporary drop in EPS to 0.50 US$. From 2013 to 2018, the ratio stabilized, generally fluctuating between 7.32 and 18.81.
- Correlation Between Price and Earnings
- The data indicates that the share price did not always move in tandem with earnings. The divergence is most evident in 2012, where the market maintained a high valuation despite low earnings, and in 2015, where a peak in EPS coincided with a relative contraction in the P/E ratio to 7.32, suggesting the market had already priced in growth or was reacting to external risk factors.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Twenty-First Century Fox Inc., P/E, long-term trends, comparison to competitors
| Twenty-First Century Fox Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Aug 13, 2018 | 18.81 | 25.92 | 14.11 | 21.51 | 118.55 | 13.36 |
| Aug 14, 2017 | 17.69 | 59.34 | 8.70 | 35.20 | 220.96 | 17.28 |
| Aug 11, 2016 | 17.69 | 28.45 | 20.56 | 37.05 | 328.55 | 16.65 |
| Aug 13, 2015 | 7.32 | 29.71 | 17.78 | 84.21 | 329.51 | 23.41 |
| Aug 14, 2014 | 17.35 | 24.87 | 18.01 | 74.26 | 100.63 | 20.31 |
| Aug 19, 2013 | 10.23 | 30.87 | 21.12 | 106.36 | 215.28 | 19.83 |
| Aug 14, 2012 | 46.78 | 23.14 | 17.05 | 1,336.24 | 537.02 | 15.18 |
| Aug 15, 2011 | 16.22 | 18.97 | 19.40 | — | 30.37 | 12.48 |
| Aug 6, 2010 | 14.56 | 23.60 | 19.29 | — | 77.34 | 17.62 |
| Aug 12, 2009 | — | 26.00 | 12.59 | — | 30.08 | 17.36 |
| Aug 13, 2008 | 6.62 | 26.67 | 14.52 | — | 25.23 | 7.83 |
| Aug 23, 2007 | 18.63 | 39.48 | 23.46 | — | 28.79 | 12.79 |
| Aug 23, 2006 | 25.29 | 45.31 | 32.61 | — | 31.36 | 20.22 |
| Sep 1, 2005 | 24.80 | 68.72 | 61.12 | — | 33.20 | 19.49 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Media & Entertainment)
Twenty-First Century Fox Inc., P/E, long-term trends, comparison to sector (media & entertainment)
| Twenty-First Century Fox Inc. | Media & Entertainment | |
|---|---|---|
| Aug 13, 2018 | 18.81 | 22.32 |
| Aug 14, 2017 | 17.69 | 29.39 |
| Aug 11, 2016 | 17.69 | 27.71 |
| Aug 13, 2015 | 7.32 | 32.13 |
| Aug 14, 2014 | 17.35 | 27.07 |
| Aug 19, 2013 | 10.23 | 30.86 |
| Aug 14, 2012 | 46.78 | 22.94 |
| Aug 15, 2011 | 16.22 | 17.55 |
| Aug 6, 2010 | 14.56 | 21.71 |
| Aug 12, 2009 | — | 20.34 |
| Aug 13, 2008 | 6.62 | 16.53 |
| Aug 23, 2007 | 18.63 | 24.99 |
| Aug 23, 2006 | 25.29 | 32.30 |
| Sep 1, 2005 | 24.80 | 41.90 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Communication Services)
Twenty-First Century Fox Inc., P/E, long-term trends, comparison to industry (communication services)
| Twenty-First Century Fox Inc. | Communication Services | |
|---|---|---|
| Aug 13, 2018 | 18.81 | 19.46 |
| Aug 14, 2017 | 17.69 | 18.11 |
| Aug 11, 2016 | 17.69 | 24.33 |
| Aug 13, 2015 | 7.32 | 23.89 |
| Aug 14, 2014 | 17.35 | 26.45 |
| Aug 19, 2013 | 10.23 | 21.66 |
| Aug 14, 2012 | 46.78 | 27.51 |
| Aug 15, 2011 | 16.22 | 24.54 |
| Aug 6, 2010 | 14.56 | 16.12 |
| Aug 12, 2009 | — | 16.95 |
| Aug 13, 2008 | 6.62 | 13.32 |
| Aug 23, 2007 | 18.63 | 20.95 |
| Aug 23, 2006 | 25.29 | 28.07 |
| Sep 1, 2005 | 24.80 | 24.36 |
Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).