Price to Earnings (P/E)
since 2005
Calculation
AmerisourceBergen Corp., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to AmerisourceBergen Corporation1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 22, 2022 | 19.94 | = | 164.71 | ÷ | 8.26 | 8.26 | = | 1,698,820 | ÷ | 205,668,628 | |
| Nov 23, 2021 | 16.71 | = | 123.66 | ÷ | 7.40 | 7.40 | = | 1,539,932 | ÷ | 208,133,361 | |
| Nov 19, 2020 | — | = | 101.90 | ÷ | -16.69 | -16.69 | = | -3,408,716 | ÷ | 204,249,747 | |
| Nov 19, 2019 | 21.14 | = | 87.81 | ÷ | 4.15 | 4.15 | = | 855,365 | ÷ | 205,922,186 | |
| Nov 20, 2018 | 11.36 | = | 88.87 | ÷ | 7.83 | 7.83 | = | 1,658,405 | ÷ | 211,933,493 | |
| Nov 21, 2017 | 47.54 | = | 79.46 | ÷ | 1.67 | 1.67 | = | 364,484 | ÷ | 218,082,051 | |
| Nov 22, 2016 | 12.09 | = | 78.41 | ÷ | 6.49 | 6.49 | = | 1,427,929 | ÷ | 220,100,206 | |
| Nov 24, 2015 | — | = | 98.50 | ÷ | -0.66 | -0.66 | = | -134,887 | ÷ | 205,632,943 | |
| Nov 25, 2014 | 71.44 | = | 90.32 | ÷ | 1.26 | 1.26 | = | 276,484 | ÷ | 218,691,869 | |
| Nov 26, 2013 | 37.45 | = | 70.61 | ÷ | 1.89 | 1.89 | = | 433,707 | ÷ | 230,032,094 | |
| Nov 27, 2012 | 13.50 | = | 41.22 | ÷ | 3.05 | 3.05 | = | 718,986 | ÷ | 235,475,712 | |
| Nov 22, 2011 | 13.39 | = | 36.63 | ÷ | 2.74 | 2.74 | = | 706,624 | ÷ | 258,343,469 | |
| Nov 23, 2010 | 13.43 | = | 30.95 | ÷ | 2.30 | 2.30 | = | 636,748 | ÷ | 276,347,761 | |
| Nov 25, 2009 | 14.30 | = | 24.98 | ÷ | 1.75 | 1.75 | = | 503,397 | ÷ | 288,084,821 | |
| Nov 25, 2008 | 18.57 | = | 14.89 | ÷ | 0.80 | 0.80 | = | 250,559 | ÷ | 312,437,558 | |
| Nov 28, 2007 | 15.91 | = | 22.22 | ÷ | 1.40 | 1.40 | = | 469,167 | ÷ | 335,922,306 | |
| Dec 8, 2006 | 18.89 | = | 23.00 | ÷ | 1.22 | 1.22 | = | 467,714 | ÷ | 384,177,028 | |
| Dec 9, 2005 | 32.08 | = | 20.36 | ÷ | 0.63 | 0.63 | = | 264,645 | ÷ | 417,042,656 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of AmerisourceBergen Corp. Annual Report.
- Share Price Trends
- The share price exhibited moderate growth from 20.36 US$ in 2005 to 41.22 US$ in 2012, followed by a significant uptrend reaching 123.66 US$ in 2021 and peaking further at 164.71 US$ in 2022. There were notable periods of sharp increase such as between 2012 and 2014, and again from 2020 onward. Occasional pullbacks occurred, for example, in 2015 with a decline to 78.41 US$, but the overall trajectory remained upward.
- Earnings per Share (EPS) Analysis
- EPS generally trended positively from 0.63 US$ in 2005 to a high of 3.05 US$ in 2008, followed by volatility including a significant dip to -0.66 US$ in 2015, indicating a loss that year. Recovery was observed afterward with spikes such as 6.49 US$ in 2016 and 7.83 US$ in 2018. A prominent negative EPS of -16.69 US$ appeared in 2020, suggesting an exceptional loss or write-down. The EPS rebounded strongly post-2020, reaching 8.26 US$ in 2022, indicative of regained profitability.
- Price-to-Earnings (P/E) Ratio Patterns
- The P/E ratio generally remained in the mid-teens from 2005 to 2012, fluctuating between approximately 13 and 19, suggesting stable market valuation relative to earnings. Starting 2013, P/E ratios exhibited pronounced volatility with very high values such as 71.44 in 2014 and 47.54 in 2017, likely driven by depressed or negative earnings during those years. Some years lack P/E data, possibly due to negative EPS making calculation irrelevant. The P/E stabilized somewhat in recent years, ranging from about 11.36 in 2018 to 19.94 in 2022, signaling a more normalized market valuation in line with positive earnings recovery.
- Overall Financial and Market Insights
- The company's market valuation as reflected by share price has substantially increased over the observed period, despite episodic earnings volatility and some years of losses. The sharp EPS fluctuations and occasional negative values have introduced significant variability in P/E ratios, affecting investor sentiment and valuation metrics. The strong recovery in EPS and share price post-2020 suggests robust operational turnaround or positive market conditions. Continued monitoring of earnings consistency will be essential to assess sustained valuation and growth prospects.
Comparison to Competitors
AmerisourceBergen Corp., P/E, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Nov 22, 2022 | 19.94 | 26.76 | 9,358,713.46 | 64.99 | 23.38 | 22.46 |
| Nov 23, 2021 | 16.71 | 29.13 | 18.13 | 59.94 | 46.56 | 26.03 |
| Nov 19, 2020 | — | 48.49 | 15.87 | 87.47 | 26.30 | 20.54 |
| Nov 19, 2019 | 21.14 | 41.83 | 15.96 | 48.72 | 28.78 | 20.48 |
| Nov 20, 2018 | 11.36 | 56.47 | 21.45 | 53.03 | 37.80 | 21.09 |
| Nov 21, 2017 | 47.54 | 220.29 | 15.44 | 70.95 | 29.96 | 20.77 |
| Nov 22, 2016 | 12.09 | 55.16 | 17.48 | 37.16 | 33.17 | 21.73 |
| Nov 24, 2015 | — | 12.83 | 12.99 | 34.24 | 40.56 | 18.18 |
| Nov 25, 2014 | 71.44 | 31.30 | 15.29 | 44.77 | 20.75 | 18.50 |
| Nov 26, 2013 | 37.45 | 23.25 | 9.95 | 22.82 | 14.99 | 12.35 |
| Nov 27, 2012 | 13.50 | 9.24 | 7.09 | 35.05 | 10.57 | 10.58 |
| Nov 22, 2011 | 13.39 | 18.67 | 8.36 | 39.05 | 13.37 | 10.78 |
| Nov 23, 2010 | 13.43 | 15.68 | 8.74 | 33.85 | 12.65 | 10.01 |
| Nov 25, 2009 | 14.30 | 14.69 | 5.53 | 54.30 | 17.11 | 9.91 |
| Nov 25, 2008 | 18.57 | 17.11 | 8.26 | 21.99 | 26.02 | 11.66 |
| Nov 28, 2007 | 15.91 | 23.82 | 12.02 | 79.87 | 20.81 | 12.85 |
| Dec 8, 2006 | 18.89 | 48.17 | 16.05 | 58.08 | 21.31 | 17.58 |
| Dec 9, 2005 | 32.08 | 20.03 | 20.66 | 36.68 | 35.12 | 24.20 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Health Care Equipment & Services)
AmerisourceBergen Corp., P/E, long-term trends, comparison to sector (health care equipment & services)
| AmerisourceBergen Corp. | Health Care Equipment & Services | |
|---|---|---|
| Nov 22, 2022 | 19.94 | 1,429,718.32 |
| Nov 23, 2021 | 16.71 | 28.98 |
| Nov 19, 2020 | — | 27.23 |
| Nov 19, 2019 | 21.14 | 25.22 |
| Nov 20, 2018 | 11.36 | 28.84 |
| Nov 21, 2017 | 47.54 | 28.17 |
| Nov 22, 2016 | 12.09 | 27.54 |
| Nov 24, 2015 | — | 20.20 |
| Nov 25, 2014 | 71.44 | 21.28 |
| Nov 26, 2013 | 37.45 | 14.93 |
| Nov 27, 2012 | 13.50 | 10.51 |
| Nov 22, 2011 | 13.39 | 14.07 |
| Nov 23, 2010 | 13.43 | 12.56 |
| Nov 25, 2009 | 14.30 | 11.86 |
| Nov 25, 2008 | 18.57 | 15.75 |
| Nov 28, 2007 | 15.91 | 17.58 |
| Dec 8, 2006 | 18.89 | 22.77 |
| Dec 9, 2005 | 32.08 | 24.03 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Health Care)
AmerisourceBergen Corp., P/E, long-term trends, comparison to industry (health care)
| AmerisourceBergen Corp. | Health Care | |
|---|---|---|
| Nov 22, 2022 | 19.94 | 351,256.81 |
| Nov 23, 2021 | 16.71 | 21.55 |
| Nov 19, 2020 | — | 32.22 |
| Nov 19, 2019 | 21.14 | 22.09 |
| Nov 20, 2018 | 11.36 | 24.32 |
| Nov 21, 2017 | 47.54 | 33.04 |
| Nov 22, 2016 | 12.09 | 21.90 |
| Nov 24, 2015 | — | 19.53 |
| Nov 25, 2014 | 71.44 | 21.38 |
| Nov 26, 2013 | 37.45 | 18.67 |
| Nov 27, 2012 | 13.50 | 15.77 |
| Nov 22, 2011 | 13.39 | 15.79 |
| Nov 23, 2010 | 13.43 | 15.12 |
| Nov 25, 2009 | 14.30 | 11.71 |
| Nov 25, 2008 | 18.57 | 13.07 |
| Nov 28, 2007 | 15.91 | 19.29 |
| Dec 8, 2006 | 18.89 | 18.61 |
| Dec 9, 2005 | 32.08 | 21.71 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).