Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 5, 2022.

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Becton, Dickinson & Co., P/E, long-term trends, calculation

Microsoft Excel

Based on: 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 Becton, Dickinson & Co. Annual Report.

The data reveals several distinct trends across the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the examined periods.

Share Price
The share price exhibits a general upward trend from 58.13 USD in December 2005 to a peak of 260.4 USD in November 2019. Although some fluctuations are evident, such as a dip in November 2008 and November 2020, the overall trajectory indicates substantial growth in market valuation over the years. Notably, the share price increased sharply between 2012 and 2019, moving from approximately 76.82 USD to over 260 USD. The later periods show some volatility, with a slight decline in 2020 followed by a recovery in 2021.
Earnings Per Share (EPS)
EPS displays a broadly increasing pattern from 2.87 USD in 2005, peaking at 6.66 USD in 2013. However, significant volatility is observed in later years, with EPS dropping sharply to 3.3 USD in 2015, rebounding and fluctuating in subsequent years. The most remarkable anomaly is in 2018 when EPS dropped drastically to 0.59 USD before recovering to 7.05 USD by 2021, the highest level recorded in the data set. This suggests periods of significant earnings instability or extraordinary items impacting profitability.
Price-to-Earnings (P/E) Ratio
The P/E ratio generally remains within a moderate range from 2005 (20.29) through 2014 (22.89), indicating a relatively stable valuation against earnings. However, starting in 2015, the ratio spikes sharply, reaching an extraordinary high of 408.36 in 2018, which correlates with the EPS collapse in the same year. This unusually high valuation implies that the market price did not adjust downward proportionately with earnings, potentially reflecting market optimism or other valuation factors. Following this peak, the P/E ratio decreases but remains elevated, suggesting continued investor expectations or earnings variability influencing valuation.

In summary, the share price trend is strongly positive with some volatility, EPS shows growth but with significant irregularities and fluctuations, and the P/E ratio exhibits stability initially but large spikes associated with EPS volatility. These dynamics point to periods of earnings challenges amid generally increasing market valuation, reflecting a complex interaction between profitability and investor sentiment over time.


Comparison to Competitors

Becton, Dickinson & Co., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Becton, Dickinson & Co., P/E, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 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)

Becton, Dickinson & Co., P/E, long-term trends, comparison to industry (health care)

Microsoft Excel

Based on: 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).