Price to Earnings (P/E)
since 2005
Calculation
Baxter International Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Baxter1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2016 | 22.32 | = | 39.43 | ÷ | 1.77 | 1.77 | = | 968 | ÷ | 547,871,849 | |
| Feb 26, 2015 | 14.92 | = | 68.67 | ÷ | 4.60 | 4.60 | = | 2,497 | ÷ | 542,581,466 | |
| Feb 21, 2014 | 18.71 | = | 69.29 | ÷ | 3.70 | 3.70 | = | 2,012 | ÷ | 543,187,695 | |
| Feb 21, 2013 | 15.59 | = | 66.42 | ÷ | 4.26 | 4.26 | = | 2,326 | ÷ | 545,928,648 | |
| Feb 23, 2012 | 14.26 | = | 56.59 | ÷ | 3.97 | 3.97 | = | 2,224 | ÷ | 560,346,203 | |
| Feb 23, 2011 | 21.10 | = | 51.72 | ÷ | 2.45 | 2.45 | = | 1,420 | ÷ | 579,426,016 | |
| Feb 23, 2010 | 15.57 | = | 56.96 | ÷ | 3.66 | 3.66 | = | 2,205 | ÷ | 602,667,572 | |
| Feb 19, 2009 | 17.67 | = | 57.99 | ÷ | 3.28 | 3.28 | = | 2,014 | ÷ | 613,849,295 | |
| Feb 26, 2008 | 22.41 | = | 60.30 | ÷ | 2.69 | 2.69 | = | 1,707 | ÷ | 634,425,140 | |
| Feb 28, 2007 | 23.26 | = | 50.01 | ÷ | 2.15 | 2.15 | = | 1,397 | ÷ | 649,813,287 | |
| Mar 7, 2006 | 25.97 | = | 38.29 | ÷ | 1.47 | 1.47 | = | 956 | ÷ | 648,483,996 |
Based on: 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 Baxter International Inc. Annual Report.
- Share Price
- The share price demonstrated an overall upward trend from 2006 through 2014, increasing from $38.29 to a peak of $69.29. After 2014, a significant decline is noted, with the price falling sharply to $39.43 by 2016, indicating heightened volatility and possible market concerns during the latter period.
- Earnings Per Share (EPS)
- EPS showed a general increase from $1.47 in 2006 to $4.60 in 2015, reflecting consistent growth in profitability. However, there was a marked drop in EPS in 2011 to $2.45, followed by recovery and another decline in 2016 to $1.77. These fluctuations suggest periods of operational challenges or one-time impacts affecting earnings during those years.
- Price to Earnings Ratio (P/E)
- The P/E ratio mostly trended downward from 2006 to 2012, falling from 25.97 to 14.26, indicating that the stock became relatively cheaper compared to earnings despite increasing EPS. After 2012, the P/E ratio showed variability, rising again to 22.32 by 2016, which might reflect changing investor sentiment or varying expectations of future growth amid the EPS fluctuations.
Comparison to Competitors
Baxter International Inc., P/E, long-term trends, comparison to competitors
| Baxter International Inc. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Feb 26, 2016 | 22.32 | 12.83 | 12.99 | 34.24 | 40.56 | 18.18 |
| Feb 26, 2015 | 14.92 | 31.30 | 15.29 | 44.77 | 20.75 | 18.50 |
| Feb 21, 2014 | 18.71 | 23.25 | 9.95 | 22.82 | 14.99 | 12.35 |
| Feb 21, 2013 | 15.59 | 9.24 | 7.09 | 35.05 | 10.57 | 10.58 |
| Feb 23, 2012 | 14.26 | 18.67 | 8.36 | 39.05 | 13.37 | 10.78 |
| Feb 23, 2011 | 21.10 | 15.68 | 8.74 | 33.85 | 12.65 | 10.01 |
| Feb 23, 2010 | 15.57 | 14.69 | 5.53 | 54.30 | 17.11 | 9.91 |
| Feb 19, 2009 | 17.67 | 17.11 | 8.26 | 21.99 | 26.02 | 11.66 |
| Feb 26, 2008 | 22.41 | 23.82 | 12.02 | 79.87 | 20.81 | 12.85 |
| Feb 28, 2007 | 23.26 | 48.17 | 16.05 | 58.08 | 21.31 | 17.58 |
| Mar 7, 2006 | 25.97 | 20.03 | 20.66 | 36.68 | 35.12 | 24.20 |
Based on: 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).
Comparison to Sector (Health Care Equipment & Services)
Baxter International Inc., P/E, long-term trends, comparison to sector (health care equipment & services)
| Baxter International Inc. | Health Care Equipment & Services | |
|---|---|---|
| Feb 26, 2016 | 22.32 | 20.20 |
| Feb 26, 2015 | 14.92 | 21.28 |
| Feb 21, 2014 | 18.71 | 14.93 |
| Feb 21, 2013 | 15.59 | 10.51 |
| Feb 23, 2012 | 14.26 | 14.07 |
| Feb 23, 2011 | 21.10 | 12.56 |
| Feb 23, 2010 | 15.57 | 11.86 |
| Feb 19, 2009 | 17.67 | 15.75 |
| Feb 26, 2008 | 22.41 | 17.58 |
| Feb 28, 2007 | 23.26 | 22.77 |
| Mar 7, 2006 | 25.97 | 24.03 |
Based on: 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).
Comparison to Industry (Health Care)
Baxter International Inc., P/E, long-term trends, comparison to industry (health care)
| Baxter International Inc. | Health Care | |
|---|---|---|
| Feb 26, 2016 | 22.32 | 19.53 |
| Feb 26, 2015 | 14.92 | 21.38 |
| Feb 21, 2014 | 18.71 | 18.67 |
| Feb 21, 2013 | 15.59 | 15.77 |
| Feb 23, 2012 | 14.26 | 15.79 |
| Feb 23, 2011 | 21.10 | 15.12 |
| Feb 23, 2010 | 15.57 | 11.71 |
| Feb 19, 2009 | 17.67 | 13.07 |
| Feb 26, 2008 | 22.41 | 19.29 |
| Feb 28, 2007 | 23.26 | 18.61 |
| Mar 7, 2006 | 25.97 | 21.71 |
Based on: 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).