Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)
Price to Earnings (P/E)
Price to Operating Profit (P/OP)
Price to Sales (P/S)
Price to Book Value (P/BV)

Emerson Electric Co., historical price multiples (quarterly data)

		Mar 31, 2020	Dec 31, 2019		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018		Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017		Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016		Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015		Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014		Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	Price to earnings (P/E)
	Price to operating profit (P/OP)
	Price to sales (P/S)
	Price to book value (P/BV)

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Emerson Electric Co.’s P/E ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Emerson Electric Co.’s P/OP ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Emerson Electric Co.’s P/S ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Emerson Electric Co.’s P/BV ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

Emerson Electric Co., historical P/E calculation (quarterly data)

		Mar 31, 2020	Dec 31, 2019		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018		Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017		Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016		Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015		Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014		Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Net earnings common stockholders (in millions)
	Earnings per share (EPS)²
	Share price^1, 3
	Valuation Ratio
	P/E ratio⁴

¹ Data adjusted for splits and stock dividends.

² Q2 2020 Calculation
EPS = (Net earnings common stockholders_{Q2 2020} + Net earnings common stockholders_{Q1 2020} + Net earnings common stockholders_{Q4 2019} + Net earnings common stockholders_{Q3 2019}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

³ Closing price as at the filing date of Emerson Electric Co.’s Quarterly or Annual Report.

⁴ Q2 2020 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Emerson Electric Co.’s P/E ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

Emerson Electric Co., historical P/OP calculation (quarterly data)

		Mar 31, 2020	Dec 31, 2019		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018		Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017		Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016		Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015		Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014		Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Earnings from continuing operations before interest and income taxes (in millions)
	Operating profit per share²
	Share price^1, 3
	Valuation Ratio
	P/OP ratio⁴

¹ Data adjusted for splits and stock dividends.

² Q2 2020 Calculation
Operating profit per share = (Earnings from continuing operations before interest and income taxes_{Q2 2020} + Earnings from continuing operations before interest and income taxes_{Q1 2020} + Earnings from continuing operations before interest and income taxes_{Q4 2019} + Earnings from continuing operations before interest and income taxes_{Q3 2019}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

³ Closing price as at the filing date of Emerson Electric Co.’s Quarterly or Annual Report.

⁴ Q2 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =

Valuation ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Emerson Electric Co.’s P/OP ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

Emerson Electric Co., historical P/S calculation (quarterly data)

		Mar 31, 2020	Dec 31, 2019		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018		Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017		Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016		Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015		Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014		Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Net sales (in millions)
	Sales per share²
	Share price^1, 3
	Valuation Ratio
	P/S ratio⁴

¹ Data adjusted for splits and stock dividends.

² Q2 2020 Calculation
Sales per share = (Net sales_{Q2 2020} + Net sales_{Q1 2020} + Net sales_{Q4 2019} + Net sales_{Q3 2019}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

³ Closing price as at the filing date of Emerson Electric Co.’s Quarterly or Annual Report.

⁴ Q2 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =

Valuation ratio	Description	The company
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Emerson Electric Co.’s P/S ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

Emerson Electric Co., historical P/BV calculation (quarterly data)

		Mar 31, 2020	Dec 31, 2019		Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018		Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017		Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016		Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015		Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014		Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Common stockholders’ equity (in millions)
	Book value per share (BVPS)²
	Share price^1, 3
	Valuation Ratio
	P/BV ratio⁴

¹ Data adjusted for splits and stock dividends.

² Q2 2020 Calculation
BVPS = Common stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =

³ Closing price as at the filing date of Emerson Electric Co.’s Quarterly or Annual Report.

⁴ Q2 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =

Valuation ratio	Description	The company
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Emerson Electric Co.’s P/BV ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

	Emerson Electric Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Emerson Electric Co. (NYSE:EMR)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)

Emerson Electric Co. (NYSE:EMR)

Common Stock Valuation Ratios (Price Multiples)Quarterly Data

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data