Price to Book Value (P/BV)
since 2005
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Calculation
Best Buy Co. Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total Best Buy Co., Inc. shareholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 18, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 19, 2021 | = | ÷ | = | ÷ | |||||||
| Mar 23, 2020 | = | ÷ | = | ÷ | |||||||
| Mar 28, 2019 | = | ÷ | = | ÷ | |||||||
| Apr 2, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 24, 2017 | = | ÷ | = | ÷ | |||||||
| Mar 23, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2015 | = | ÷ | = | ÷ | |||||||
| Mar 28, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 27, 2013 | = | ÷ | = | ÷ | |||||||
| May 1, 2012 | = | ÷ | = | ÷ | |||||||
| Apr 25, 2011 | = | ÷ | = | ÷ | |||||||
| Apr 28, 2010 | = | ÷ | = | ÷ | |||||||
| Apr 29, 2009 | = | ÷ | = | ÷ | |||||||
| Apr 30, 2008 | = | ÷ | = | ÷ | |||||||
| May 2, 2007 | = | ÷ | = | ÷ | |||||||
| May 10, 2006 | = | ÷ | = | ÷ | |||||||
| May 10, 2005 | = | ÷ | = | ÷ |
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-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Best Buy Co. Inc. Annual Report.
The analysis of the financial data over the years reveals distinct trends in share price, book value per share (BVPS), and the price-to-book value (P/BV) ratio.
- Share Price
- The share price exhibited notable fluctuations between 2005 and 2022. Initially, it increased from $34.71 in 2005 to a peak of $55.76 in 2006, followed by a decline and volatility until 2012, where it reached a low of approximately $22.15. From 2012 onward, the share price generally trended upward, surging significantly after 2017, peaking at $118.19 in 2021, before slightly correcting to $101.84 in 2022. This indicates periods of market uncertainty and recovery, with strong growth observed in the last five years of the dataset.
- Book Value per Share (BVPS)
- BVPS showed a gradual upward trend from $9.05 in 2005 to $16.95 in 2011, indicating an increase in net asset value per share. However, from 2011 to 2013, BVPS declined sharply to a low of around $9.04 in 2013, reflecting possible asset contraction or higher liabilities. Thereafter, BVPS generally recovered and stabilized between approximately $12.34 and $18.34 through 2022, though it did not return to the peak levels seen in 2011 and 2021. This suggests moderate improvement in the company's underlying value over the long term.
- Price-to-Book Value Ratio (P/BV)
- The P/BV ratio was highest early in the period, peaking at 5.15 in 2006, showing high market valuation relative to book value. It then decreased markedly to a low of 1.78 in 2011, consistent with the decline in share price and the relative strength of book value at that time. Following 2011, the P/BV ratio fluctuated between approximately 2.05 and 2.94 until 2017, after which it increased sharply, peaking at 7.6 in 2022. This increase in P/BV despite a less pronounced rise in book value suggests growing investor optimism or higher market expectations not fully supported by book value growth alone.
Overall, the trends show a volatile share price with recovery and strong appreciation in recent years, a generally increasing but fluctuating book value per share, and a P/BV ratio that reflects changing investor sentiment and varying market valuation relative to the company's net asset base. The elevated P/BV ratios in the later years imply that the market values the company at a premium, potentially due to expected future performance or improved market conditions.
Comparison to Competitors
Best Buy Co. Inc., P/BV, long-term trends, comparison to competitors
| Best Buy Co. Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Mar 18, 2022 | |||||
| Mar 19, 2021 | |||||
| Mar 23, 2020 | |||||
| Mar 28, 2019 | |||||
| Apr 2, 2018 | |||||
| Mar 24, 2017 | |||||
| Mar 23, 2016 | |||||
| Mar 31, 2015 | |||||
| Mar 28, 2014 | |||||
| Mar 27, 2013 | |||||
| May 1, 2012 | |||||
| Apr 25, 2011 | |||||
| Apr 28, 2010 | |||||
| Apr 29, 2009 | |||||
| Apr 30, 2008 | |||||
| May 2, 2007 | |||||
| May 10, 2006 | |||||
| May 10, 2005 |
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-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Best Buy Co. Inc., P/BV, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Best Buy Co. Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Mar 18, 2022 | ||
| Mar 19, 2021 | ||
| Mar 23, 2020 | ||
| Mar 28, 2019 | ||
| Apr 2, 2018 | ||
| Mar 24, 2017 | ||
| Mar 23, 2016 | ||
| Mar 31, 2015 | ||
| Mar 28, 2014 | ||
| Mar 27, 2013 | ||
| May 1, 2012 | ||
| Apr 25, 2011 | ||
| Apr 28, 2010 | ||
| Apr 29, 2009 | ||
| Apr 30, 2008 | ||
| May 2, 2007 | ||
| May 10, 2006 | ||
| May 10, 2005 |
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-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).
Comparison to Industry (Consumer Discretionary)
Best Buy Co. Inc., P/BV, long-term trends, comparison to industry (consumer discretionary)
| Best Buy Co. Inc. | Consumer Discretionary | |
|---|---|---|
| Mar 18, 2022 | ||
| Mar 19, 2021 | ||
| Mar 23, 2020 | ||
| Mar 28, 2019 | ||
| Apr 2, 2018 | ||
| Mar 24, 2017 | ||
| Mar 23, 2016 | ||
| Mar 31, 2015 | ||
| Mar 28, 2014 | ||
| Mar 27, 2013 | ||
| May 1, 2012 | ||
| Apr 25, 2011 | ||
| Apr 28, 2010 | ||
| Apr 29, 2009 | ||
| Apr 30, 2008 | ||
| May 2, 2007 | ||
| May 10, 2006 | ||
| May 10, 2005 |
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-KT (reporting date: 2013-02-02), 10-K (reporting date: 2012-03-03), 10-K (reporting date: 2011-02-26), 10-K (reporting date: 2010-02-27), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-03-01), 10-K (reporting date: 2007-03-03), 10-K (reporting date: 2006-02-25), 10-K (reporting date: 2005-02-26).