Stock Analysis on Net

Estée Lauder Cos. Inc. (NYSE:EL)

This company has been moved to the archive! The financial data has not been updated since August 18, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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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)

Estée Lauder Cos. Inc., historical price multiples (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 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
Price to earnings (P/E) 55.71 66.40 64.22 30.99 39.64 26.14 33.41 40.11 42.90 75.35 106.64 132.26 117.59 47.67 40.80 35.65 39.84 33.97 33.66 42.23 44.93
Price to operating profit (P/OP) 37.14 45.48 47.14 23.40 29.88 26.39 33.94 42.80 47.03 56.89 74.19 152.15 132.73 45.50 39.41 27.47 30.75 25.96 24.99 23.35 24.26
Price to sales (P/S) 3.52 4.57 5.86 3.92 5.34 4.84 6.13 7.15 7.59 7.12 6.97 5.80 5.63 4.02 4.80 4.40 4.79 4.23 3.87 3.58 3.64
Price to book value (P/BV) 10.04 12.33 16.25 12.29 16.95 14.27 17.48 20.04 20.33 18.95 18.26 18.18 20.44 14.35 16.63 14.80 16.22 13.43 12.75 11.32 10.62 10.33 10.83 9.51

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

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. Estée Lauder Cos. Inc. P/E ratio increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
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. Estée Lauder Cos. Inc. P/OP ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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. Estée Lauder Cos. Inc. P/S ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Estée Lauder Cos. Inc. P/BV ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Price to Earnings (P/E)

Estée Lauder Cos. Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 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
No. shares of common stock outstanding1 357,690,815 357,413,019 357,220,198 356,812,327 356,903,600 357,347,200 358,666,520 359,947,394 361,287,242 362,511,874 362,759,496 361,605,644 360,804,641 359,998,626 359,540,246 359,813,553 360,756,333 361,872,568 361,162,511 362,852,542 367,194,210 367,038,912 367,777,184 368,237,122
Selected Financial Data (US$)
Net earnings (loss) attributable to The Estée Lauder Companies Inc. (in millions) (33) 156 394 489 52 558 1,088 692 1,018 456 873 523 (462) (6) 557 595 157 555 573 500 186 372 123 427
Earnings per share (EPS)2 2.81 3.05 4.18 6.13 6.70 9.39 9.07 8.44 7.94 3.83 2.56 1.69 1.90 3.62 5.18 5.22 4.95 5.01 4.52 3.25 3.02 0.00 0.00 0.00
Share price1, 3 156.69 202.70 268.41 189.96 265.43 245.52 303.12 338.62 340.82 288.93 272.81 223.85 222.93 172.54 211.53 186.27 197.15 170.30 152.02 137.44 135.59 132.59 134.39 122.12
Valuation Ratio
P/E ratio4 55.71 66.40 64.22 30.99 39.64 26.14 33.41 40.11 42.90 75.35 106.64 132.26 117.59 47.67 40.80 35.65 39.84 33.97 33.66 42.23 44.93
Benchmarks
P/E Ratio, Competitors5
Procter & Gamble Co. 25.47 26.20 24.00 21.49 23.91 27.43 27.29 24.55 24.46 24.20 23.92 26.27 25.85 63.19 67.79 75.63 78.69 24.03 22.55 22.13 21.68

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q4 2023 Calculation
EPS = (Net earnings (loss) attributable to The Estée Lauder Companies Inc.Q4 2023 + Net earnings (loss) attributable to The Estée Lauder Companies Inc.Q3 2023 + Net earnings (loss) attributable to The Estée Lauder Companies Inc.Q2 2023 + Net earnings (loss) attributable to The Estée Lauder Companies Inc.Q1 2023) ÷ No. shares of common stock outstanding
= (-33,000,000 + 156,000,000 + 394,000,000 + 489,000,000) ÷ 357,690,815 = 2.81

3 Closing price as at the filing date of Estée Lauder Cos. Inc. Quarterly or Annual Report.

4 Q4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 156.69 ÷ 2.81 = 55.71

5 Click competitor name to see calculations.

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. Estée Lauder Cos. Inc. P/E ratio increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.

Price to Operating Profit (P/OP)

Estée Lauder Cos. Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 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
No. shares of common stock outstanding1 357,690,815 357,413,019 357,220,198 356,812,327 356,903,600 357,347,200 358,666,520 359,947,394 361,287,242 362,511,874 362,759,496 361,605,644 360,804,641 359,998,626 359,540,246 359,813,553 360,756,333 361,872,568 361,162,511 362,852,542 367,194,210 367,038,912 367,777,184 368,237,122
Selected Financial Data (US$)
Operating income (in millions) (5) 297 556 661 79 738 1,418 935 234 616 1,063 705 (543) 109 261 779 216 674 771 652 277 497 710 568
Operating profit per share2 4.22 4.46 5.69 8.12 8.88 9.30 8.93 7.91 7.25 5.08 3.68 1.47 1.68 3.79 5.37 6.78 6.41 6.56 6.08 5.89 5.59 0.00 0.00 0.00
Share price1, 3 156.69 202.70 268.41 189.96 265.43 245.52 303.12 338.62 340.82 288.93 272.81 223.85 222.93 172.54 211.53 186.27 197.15 170.30 152.02 137.44 135.59 132.59 134.39 122.12
Valuation Ratio
P/OP ratio4 37.14 45.48 47.14 23.40 29.88 26.39 33.94 42.80 47.03 56.89 74.19 152.15 132.73 45.50 39.41 27.47 30.75 25.96 24.99 23.35 24.26
Benchmarks
P/OP Ratio, Competitors5
Procter & Gamble Co. 20.19 20.94 19.37 17.32 19.41 22.11 22.17 19.20 19.08 18.81 18.46 21.16 21.01 42.45 45.33 48.96 52.12 19.37 17.67 16.08 15.00

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q4 2023 Calculation
Operating profit per share = (Operating incomeQ4 2023 + Operating incomeQ3 2023 + Operating incomeQ2 2023 + Operating incomeQ1 2023) ÷ No. shares of common stock outstanding
= (-5,000,000 + 297,000,000 + 556,000,000 + 661,000,000) ÷ 357,690,815 = 4.22

3 Closing price as at the filing date of Estée Lauder Cos. Inc. Quarterly or Annual Report.

4 Q4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 156.69 ÷ 4.22 = 37.14

5 Click competitor name to see calculations.

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. Estée Lauder Cos. Inc. P/OP ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Price to Sales (P/S)

Estée Lauder Cos. Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 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
No. shares of common stock outstanding1 357,690,815 357,413,019 357,220,198 356,812,327 356,903,600 357,347,200 358,666,520 359,947,394 361,287,242 362,511,874 362,759,496 361,605,644 360,804,641 359,998,626 359,540,246 359,813,553 360,756,333 361,872,568 361,162,511 362,852,542 367,194,210 367,038,912 367,777,184 368,237,122
Selected Financial Data (US$)
Net sales (in millions) 3,609 3,751 4,620 3,930 3,561 4,245 5,539 4,392 3,936 3,864 4,853 3,562 2,430 3,345 4,624 3,895 3,590 3,744 4,005 3,524 3,295 3,370 3,744 3,274
Sales per share2 44.48 44.38 45.79 48.41 49.70 50.68 49.44 47.35 44.88 40.58 39.12 38.61 39.62 42.93 44.09 42.34 41.20 40.26 39.30 38.40 37.26 0.00 0.00 0.00
Share price1, 3 156.69 202.70 268.41 189.96 265.43 245.52 303.12 338.62 340.82 288.93 272.81 223.85 222.93 172.54 211.53 186.27 197.15 170.30 152.02 137.44 135.59 132.59 134.39 122.12
Valuation Ratio
P/S ratio4 3.52 4.57 5.86 3.92 5.34 4.84 6.13 7.15 7.59 7.12 6.97 5.80 5.63 4.02 4.80 4.40 4.79 4.23 3.87 3.58 3.64
Benchmarks
P/S Ratio, Competitors5
Procter & Gamble Co. 4.46 4.54 4.19 3.82 4.31 4.93 4.96 4.41 4.51 4.50 4.39 4.88 4.65 4.24 4.44 4.43 4.22 3.86 3.55 3.25 3.08

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q4 2023 Calculation
Sales per share = (Net salesQ4 2023 + Net salesQ3 2023 + Net salesQ2 2023 + Net salesQ1 2023) ÷ No. shares of common stock outstanding
= (3,609,000,000 + 3,751,000,000 + 4,620,000,000 + 3,930,000,000) ÷ 357,690,815 = 44.48

3 Closing price as at the filing date of Estée Lauder Cos. Inc. Quarterly or Annual Report.

4 Q4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 156.69 ÷ 44.48 = 3.52

5 Click competitor name to see calculations.

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. Estée Lauder Cos. Inc. P/S ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Price to Book Value (P/BV)

Estée Lauder Cos. Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 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
No. shares of common stock outstanding1 357,690,815 357,413,019 357,220,198 356,812,327 356,903,600 357,347,200 358,666,520 359,947,394 361,287,242 362,511,874 362,759,496 361,605,644 360,804,641 359,998,626 359,540,246 359,813,553 360,756,333 361,872,568 361,162,511 362,852,542 367,194,210 367,038,912 367,777,184 368,237,122
Selected Financial Data (US$)
Stockholders’ equity, The Estée Lauder Companies Inc. (in millions) 5,585 5,877 5,902 5,517 5,590 6,150 6,218 6,081 6,057 5,528 5,421 4,452 3,935 4,329 4,574 4,530 4,386 4,588 4,306 4,406 4,688 4,711 4,565 4,731
Book value per share (BVPS)2 15.61 16.44 16.52 15.46 15.66 17.21 17.34 16.89 16.77 15.25 14.94 12.31 10.91 12.03 12.72 12.59 12.16 12.68 11.92 12.14 12.77 12.84 12.41 12.85
Share price1, 3 156.69 202.70 268.41 189.96 265.43 245.52 303.12 338.62 340.82 288.93 272.81 223.85 222.93 172.54 211.53 186.27 197.15 170.30 152.02 137.44 135.59 132.59 134.39 122.12
Valuation Ratio
P/BV ratio4 10.04 12.33 16.25 12.29 16.95 14.27 17.48 20.04 20.33 18.95 18.26 18.18 20.44 14.35 16.63 14.80 16.22 13.43 12.75 11.32 10.62 10.33 10.83 9.51
Benchmarks
P/BV Ratio, Competitors5
Procter & Gamble Co. 7.83 8.15 7.56 6.97 7.42 8.63 8.70 7.38 7.40 7.24 6.74 7.33 7.09 6.56 6.78 6.54 6.06 4.70 4.39 4.16 3.93 3.47 4.15 4.08

Based on: 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30).

1 Data adjusted for splits and stock dividends.

2 Q4 2023 Calculation
BVPS = Stockholders’ equity, The Estée Lauder Companies Inc. ÷ No. shares of common stock outstanding
= 5,585,000,000 ÷ 357,690,815 = 15.61

3 Closing price as at the filing date of Estée Lauder Cos. Inc. Quarterly or Annual Report.

4 Q4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 156.69 ÷ 15.61 = 10.04

5 Click competitor name to see calculations.

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 required rate of return and its actual rate of return. Estée Lauder Cos. Inc. P/BV ratio decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.