Price to Earnings (P/E)
since 2005
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Calculation
Best Buy Co. Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings (loss)1 (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 share price exhibited considerable volatility over the period analyzed. Initially, there was a general upward trend from 34.71 US$ in May 2005 to a peak of 55.76 US$ in May 2006. Subsequently, the price declined with occasional fluctuations, reaching a low around 22.15-22.45 US$ between 2012 and 2013. A notable recovery occurred afterward, leading to a significant increase that peaked at 118.19 US$ in March 2021 before slightly declining to 101.84 US$ by March 2022.
Earnings per share (EPS) showed an overall growth trend with fluctuations. EPS grew from 2 US$ in 2005 to a peak of 3.42 US$ in 2008, then sharply declined to negative values in 2012 and 2013 (-3.6 and -1.3, respectively), indicating a period of losses. From 2014 onwards, EPS consistently improved, reaching a maximum of 10.9 US$ in March 2022. This suggests strong recovery and profitability improvement in the later years.
The price-to-earnings (P/E) ratio experienced variability reflecting changes in both share price and earnings. Early in the period, P/E peaked at 23.76 in 2006, then declined gradually, hitting a low of 9.21 in 2011. There is a gap in P/E values during the years when EPS was negative, reflecting the inapplicability of this measure during loss-making periods. In later years, P/E ratios generally remained in the range of approximately 8.45 to 19.48, with fluctuations corresponding to swings in market valuation and earnings performance. The P/E ratio's variability suggests shifts in investor sentiment and market expectations regarding future earnings potential.
- Share Price Trend
- Initial growth to mid-2006, subsequent decline and stagnation till around 2013, followed by strong recovery and peak in 2021, slight drop in 2022.
- Earnings Per Share Trend
- Steady growth until 2008, sharp decline leading to losses in 2012-2013, strong recovery and continuous growth through 2022.
- Price-to-Earnings Ratio Trend
- High ratios in early years with a dip around 2011, absence during loss years, moderate variability afterwards indicating adjustments in market valuation.
Comparison to Competitors
Best Buy Co. Inc., P/E, 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/E, 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/E, 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).