Price to Earnings (P/E)
since 2005
Calculation
Constellation Brands Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to CBI common stockholders1 (in thousands) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 21, 2022 | — | = | 254.21 | ÷ | -0.21 | -0.21 | = | -40,400 | ÷ | 188,217,466 | |
| Apr 20, 2021 | 23.14 | = | 238.31 | ÷ | 10.30 | 10.30 | = | 1,998,000 | ÷ | 194,027,715 | |
| Apr 21, 2020 | — | = | 153.02 | ÷ | -0.06 | -0.06 | = | -11,800 | ÷ | 192,840,856 | |
| Apr 23, 2019 | 11.55 | = | 207.48 | ÷ | 17.96 | 17.96 | = | 3,435,900 | ÷ | 191,349,811 | |
| Apr 23, 2018 | 18.84 | = | 228.26 | ÷ | 12.12 | 12.12 | = | 2,318,900 | ÷ | 191,391,478 | |
| Apr 27, 2017 | 21.71 | = | 171.06 | ÷ | 7.88 | 7.88 | = | 1,535,100 | ÷ | 194,800,645 | |
| Apr 25, 2016 | 29.70 | = | 156.84 | ÷ | 5.28 | 5.28 | = | 1,054,900 | ÷ | 199,768,177 | |
| Apr 28, 2015 | 27.18 | = | 117.12 | ÷ | 4.31 | 4.31 | = | 839,300 | ÷ | 194,743,958 | |
| Apr 29, 2014 | 7.87 | = | 79.75 | ÷ | 10.13 | 10.13 | = | 1,943,100 | ÷ | 191,793,326 | |
| Apr 29, 2013 | 22.86 | = | 47.75 | ÷ | 2.09 | 2.09 | = | 387,800 | ÷ | 185,672,486 | |
| Apr 30, 2012 | 9.17 | = | 21.60 | ÷ | 2.36 | 2.36 | = | 445,000 | ÷ | 188,878,055 | |
| Apr 29, 2011 | 8.52 | = | 22.39 | ÷ | 2.63 | 2.63 | = | 559,500 | ÷ | 213,022,885 | |
| Apr 29, 2010 | 39.81 | = | 18.55 | ÷ | 0.47 | 0.47 | = | 99,300 | ÷ | 213,118,311 | |
| Apr 29, 2009 | — | = | 11.23 | ÷ | -1.36 | -1.36 | = | -301,400 | ÷ | 220,996,724 | |
| Apr 29, 2008 | — | = | 18.73 | ÷ | -2.82 | -2.82 | = | -613,300 | ÷ | 217,099,937 | |
| Apr 30, 2007 | 16.11 | = | 22.41 | ÷ | 1.39 | 1.39 | = | 327,000 | ÷ | 235,056,959 | |
| May 2, 2006 | 17.70 | = | 24.99 | ÷ | 1.41 | 1.41 | = | 315,458 | ÷ | 223,472,234 | |
| May 16, 2005 | 22.18 | = | 26.90 | ÷ | 1.21 | 1.21 | = | 266,660 | ÷ | 219,867,600 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
The analyzed financial data reveals several notable trends across the reported periods.
- Share Price
- The share price exhibited an initial decline from $26.90 in May 2005 to a low of $11.23 by April 2009, reflecting a challenging period likely influenced by broader market or company-specific factors. Subsequently, a robust recovery and growth phase followed, with the share price increasing steadily to reach $254.21 by April 2022. This represents a substantial appreciation over the 17-year period, with notable surges between 2012 and 2018, and significant volatility observed around 2019 and 2020.
- Earnings per Share (EPS)
- EPS showed volatility, with positive values from 2005 through 2007, followed by a sharp decline resulting in negative EPS in 2008 and 2009 (-2.82 and -1.36, respectively). This negative trend may be indicative of operational or economic difficulties during that period. From 2010 onward, EPS demonstrated a recovery trend, generally increasing to a peak of 17.96 in 2019. However, a significant drop to negative EPS (-0.06) occurred in 2020, possibly reflecting extraordinary challenges such as economic disruptions. EPS rebounded in 2021 to 10.30 but fell again to -0.21 in 2022, suggesting continued earnings volatility in recent years.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio displays considerable fluctuation, impacted by the EPS volatility and share price movements. Early period P/E ratios hovered between 16.11 and 22.18, but data is missing during some low or negative earnings years, making precise interpretation challenging. Notable low P/E values occurred around 2010-2014 (8.52 to 9.17), coinciding with moderate EPS growth and rising share prices, potentially indicating undervaluation or improving profitability. Following this, P/E ratios increased significantly to reach 29.70 in 2016, then decreased to 11.55 by 2019, reflecting oscillations in market valuation relative to earnings. The absence of P/E data during years with negative earnings reflects the limitations in calculating meaningful valuation multiples under such conditions.
Overall, the data depicts a company that faced significant earnings challenges during the late 2000s, recovered through the 2010s with strong share price growth and improved earnings, but encountered increased volatility and earnings declines in the most recent years up to 2022. The wide fluctuations in P/E ratios reflect the combined effects of varying earnings performance and market perceptions over time.
Comparison to Competitors
Constellation Brands Inc., P/E, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Apr 21, 2022 | — | 27.12 | 33.07 | 26.71 | 17.54 |
| Apr 20, 2021 | 23.14 | 27.63 | 21.64 | 30.58 | 18.37 |
| Apr 21, 2020 | — | 27.91 | 22.33 | 26.15 | 16.55 |
| Apr 23, 2019 | 11.55 | 28.21 | 21.72 | 27.83 | 18.94 |
| Apr 23, 2018 | 18.84 | 30.47 | 20.03 | 13.01 | 15.08 |
| Apr 27, 2017 | 21.71 | 150.54 | 21.45 | 32.81 | 26.52 |
| Apr 25, 2016 | 29.70 | 27.48 | 41.76 | 24.09 | 22.84 |
| Apr 28, 2015 | 27.18 | 26.01 | 8.59 | 25.72 | 20.57 |
| Apr 29, 2014 | 7.87 | 25.87 | 27.92 | 22.86 | 17.14 |
| Apr 29, 2013 | 22.86 | 19.54 | 14.69 | 17.66 | 14.60 |
| Apr 30, 2012 | 9.17 | 19.00 | 15.56 | 18.84 | 17.49 |
| Apr 29, 2011 | 8.52 | 18.27 | 19.01 | 15.45 | 16.64 |
| Apr 29, 2010 | 39.81 | 12.42 | 13.54 | 15.93 | 15.41 |
| Apr 29, 2009 | — | 17.81 | 14.11 | 16.49 | 14.53 |
| Apr 29, 2008 | — | 16.37 | 11.54 | 15.82 | 9.95 |
| Apr 30, 2007 | 16.11 | 23.10 | 18.67 | 20.35 | — |
| May 2, 2006 | 17.70 | 21.69 | 17.35 | 18.79 | — |
| May 16, 2005 | 22.18 | 20.40 | 19.38 | 24.28 | — |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Sector (Food, Beverage & Tobacco)
Constellation Brands Inc., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Apr 21, 2022 | — | 24.66 |
| Apr 20, 2021 | 23.14 | 24.78 |
| Apr 21, 2020 | — | 23.23 |
| Apr 23, 2019 | 11.55 | 24.75 |
| Apr 23, 2018 | 18.84 | 18.05 |
| Apr 27, 2017 | 21.71 | 37.84 |
| Apr 25, 2016 | 29.70 | 26.08 |
| Apr 28, 2015 | 27.18 | 19.86 |
| Apr 29, 2014 | 7.87 | 22.41 |
| Apr 29, 2013 | 22.86 | 16.88 |
| Apr 30, 2012 | 9.17 | 18.09 |
| Apr 29, 2011 | 8.52 | 17.18 |
| Apr 29, 2010 | 39.81 | 14.06 |
| Apr 29, 2009 | — | 16.01 |
| Apr 29, 2008 | — | 13.43 |
| Apr 30, 2007 | 16.11 | 21.20 |
| May 2, 2006 | 17.70 | 19.54 |
| May 16, 2005 | 22.18 | 21.53 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Industry (Consumer Staples)
Constellation Brands Inc., P/E, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Apr 21, 2022 | — | 25.35 |
| Apr 20, 2021 | 23.14 | 26.07 |
| Apr 21, 2020 | — | 24.12 |
| Apr 23, 2019 | 11.55 | 31.92 |
| Apr 23, 2018 | 18.84 | 20.62 |
| Apr 27, 2017 | 21.71 | 22.78 |
| Apr 25, 2016 | 29.70 | 21.50 |
| Apr 28, 2015 | 27.18 | 21.97 |
| Apr 29, 2014 | 7.87 | 19.71 |
| Apr 29, 2013 | 22.86 | 17.00 |
| Apr 30, 2012 | 9.17 | 16.60 |
| Apr 29, 2011 | 8.52 | 14.81 |
| Apr 29, 2010 | 39.81 | 14.32 |
| Apr 29, 2009 | — | 14.63 |
| Apr 29, 2008 | — | 15.52 |
| Apr 30, 2007 | 16.11 | 19.68 |
| May 2, 2006 | 17.70 | 19.79 |
| May 16, 2005 | 22.18 | 20.04 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).