Price to Operating Profit (P/OP)
since 2005
Calculation
Ford Motor Co., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 6, 2025 | 7.03 | = | 9.26 | ÷ | 1.32 | 1.32 | = | 5,219 | ÷ | 3,963,447,704 | |
| Feb 7, 2024 | 9.32 | = | 12.80 | ÷ | 1.37 | 1.37 | = | 5,458 | ÷ | 3,973,633,108 | |
| Feb 3, 2023 | 8.40 | = | 13.23 | ÷ | 1.57 | 1.57 | = | 6,276 | ÷ | 3,986,181,861 | |
| Feb 4, 2022 | 15.90 | = | 17.96 | ÷ | 1.13 | 1.13 | = | 4,523 | ÷ | 4,004,247,552 | |
| Feb 5, 2021 | — | = | 11.51 | ÷ | -1.11 | -1.11 | = | -4,408 | ÷ | 3,978,695,017 | |
| Feb 5, 2020 | 57.40 | = | 8.31 | ÷ | 0.14 | 0.14 | = | 574 | ÷ | 3,964,930,325 | |
| Feb 21, 2019 | 10.82 | = | 8.71 | ÷ | 0.81 | 0.81 | = | 3,203 | ÷ | 3,978,551,737 | |
| Feb 8, 2018 | — | = | 10.43 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,973,351,656 | |
| Feb 9, 2017 | — | = | 12.38 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,974,297,169 | |
| Feb 11, 2016 | — | = | 11.17 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,969,513,255 | |
| Feb 13, 2015 | — | = | 16.30 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,955,941,825 | |
| Feb 18, 2014 | — | = | 15.39 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,943,822,377 | |
| Feb 19, 2013 | — | = | 12.99 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,922,247,667 | |
| Feb 21, 2012 | — | = | 12.53 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,800,746,841 | |
| Feb 28, 2011 | — | = | 15.05 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,782,710,935 | |
| Feb 25, 2010 | — | = | 11.78 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 3,368,265,681 | |
| Feb 26, 2009 | — | = | 1.98 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 2,396,320,837 | |
| Feb 27, 2008 | — | = | 6.60 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 2,207,002,130 | |
| Feb 28, 2007 | — | = | 7.91 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 1,892,538,498 | |
| Mar 1, 2006 | — | = | 7.95 | ÷ | 0.00 | 0.00 | = | 0 | ÷ | 1,864,138,469 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Ford Motor Co. Annual Report.
- Share Price Trends
- The share price exhibited notable fluctuations over the analyzed period. Initially, the share price was around $7.95 in early 2006, remaining relatively stable until early 2008. It then experienced a sharp decline to approximately $1.98 in early 2009, likely reflecting adverse market conditions or company-specific challenges.
- Following this low, the share price demonstrated a significant recovery, reaching a peak near $16.30 in early 2015. However, subsequent years saw volatility with the share price decreasing to around $8.31 by early 2020. After early 2020, there was a recovery phase, with the share price increasing to nearly $17.96 in early 2022, before dipping again to $9.26 by early 2025. This pattern indicates cyclical fluctuations and sensitivity to external and internal factors.
- Operating Profit Per Share (OPPS) Trends
- Data for operating profit per share becomes available from early 2020 onwards, showing an initial value of $0.81. The figure then undergoes a substantial decline to $0.14 in early 2021, followed by a marked negative value of -$1.11 in early 2022. This negative performance period points to operational challenges during that year.
- Subsequently, the operating profit per share rebounds, achieving $1.13 in early 2023 and continuing upward to $1.57 in early 2024 before slightly decreasing to $1.32 in early 2025. These shifts suggest periods of recovery and stabilization after operational difficulties.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio data, available from early 2020, initially shows a relatively low ratio of 10.82, indicating a potentially attractive valuation relative to operating profit. However, this ratio spikes sharply to 57.4 in early 2021, reflective of the significant decline in operating profit per share during that time.
- The ratio data for early 2022 is missing, and then it decreases to 15.9 in early 2023, further declining to 8.4 in early 2024 and slightly rising to 9.32 in early 2025. These values indicate improving operating profitability relative to share price after the 2021 distress, suggesting recovery in earnings performance and a more balanced valuation.
Comparison to Competitors
Ford Motor Co., P/OP, long-term trends, comparison to competitors
| Ford Motor Co. | General Motors Co. | Tesla Inc. | |
|---|---|---|---|
| Feb 6, 2025 | 7.03 | 3.89 | 181.95 |
| Feb 7, 2024 | 9.32 | 4.74 | 68.39 |
| Feb 3, 2023 | 8.40 | 5.32 | 40.14 |
| Feb 4, 2022 | 15.90 | 8.34 | 143.76 |
| Feb 5, 2021 | — | 11.92 | 415.63 |
| Feb 5, 2020 | 57.40 | 9.13 | — |
| Feb 21, 2019 | 10.82 | 12.66 | — |
| Feb 8, 2018 | — | 5.86 | — |
| Feb 9, 2017 | — | 5.51 | — |
| Feb 11, 2016 | — | 9.12 | — |
| Feb 13, 2015 | — | 37.71 | — |
| Feb 18, 2014 | — | 10.92 | — |
| Feb 19, 2013 | — | — | — |
| Feb 21, 2012 | — | 7.32 | — |
| Feb 28, 2011 | — | 10.12 | — |
| Feb 25, 2010 | — | — | — |
| Feb 26, 2009 | — | — | — |
| Feb 27, 2008 | — | — | — |
| Feb 28, 2007 | — | — | — |
| Mar 1, 2006 | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).