Price to Earnings (P/E)
since 2005
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Home Depot Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
Home Depot Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 18, 2026 | = | ÷ | = | ÷ | |||||||
| Mar 21, 2025 | = | ÷ | = | ÷ | |||||||
| Mar 13, 2024 | = | ÷ | = | ÷ | |||||||
| Mar 15, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 23, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 24, 2021 | = | ÷ | = | ÷ | |||||||
| Mar 25, 2020 | = | ÷ | = | ÷ | |||||||
| Mar 28, 2019 | = | ÷ | = | ÷ | |||||||
| Mar 22, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 23, 2017 | = | ÷ | = | ÷ | |||||||
| Mar 24, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 26, 2015 | = | ÷ | = | ÷ | |||||||
| Mar 27, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 28, 2013 | = | ÷ | = | ÷ | |||||||
| Mar 22, 2012 | = | ÷ | = | ÷ | |||||||
| Mar 24, 2011 | = | ÷ | = | ÷ | |||||||
| Mar 25, 2010 | = | ÷ | = | ÷ | |||||||
| Apr 2, 2009 | = | ÷ | = | ÷ | |||||||
| Apr 3, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 29, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 29, 2006 | = | ÷ | = | ÷ | |||||||
| Apr 11, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Home Depot Inc. Annual Report.
The price-to-earnings (P/E) ratio, calculated from the provided share price and earnings per share figures, exhibits considerable fluctuation over the observed period from 2005 to 2026. An initial period of decline is followed by periods of both expansion and contraction, ultimately showing a complex pattern influenced by changes in both stock valuation and corporate profitability.
- Initial Decline (2005-2008)
- From 2005 to 2008, the P/E ratio generally decreased, moving from 16.29 to 11.24. This decline suggests a period where earnings growth outpaced share price appreciation, or where investor sentiment became less optimistic despite relatively stable earnings. The lowest point in the period, 11.24, was reached in 2008.
- Volatility and Recovery (2009-2011)
- The period between 2009 and 2011 demonstrates significant volatility. The P/E ratio increased sharply to 18.59 in 2009, likely reflecting a recovery in investor confidence following the financial crisis, despite a substantial drop in earnings per share. It then moderated to 20.76 in 2010 and decreased again to 18.15 in 2011, indicating a more tempered market response as earnings began to recover.
- Moderate Fluctuations (2012-2014)
- From 2012 through 2014, the P/E ratio experienced moderate fluctuations, ranging between 19.49 and 23.15. This suggests a period of relative stability in the market’s valuation of the company, with both share price and earnings per share growing at a comparable rate. The ratio peaked at 23.15 in 2014.
- Recent Trends (2015-2026)
- The period from 2015 to 2026 shows a more pronounced pattern of fluctuation. The P/E ratio increased to a high of 24.80 in 2020, coinciding with a substantial increase in share price and earnings per share. However, it then decreased to 17.09 in 2022, potentially reflecting concerns about future growth or broader economic conditions. A subsequent increase to 24.80 in 2020 was followed by a decline to 23.28 in 2026, suggesting a recent period of market correction or shifting investor expectations. The P/E ratio in 2026 is slightly lower than in 2024.
Overall, the P/E ratio demonstrates a lack of consistent trend, indicating that the company’s valuation has been subject to various market forces and internal performance factors over the analyzed timeframe. The ratio’s sensitivity to changes in both share price and earnings per share highlights the importance of considering both factors when assessing the company’s investment potential.
Comparison to Competitors
Home Depot Inc., P/E, long-term trends, comparison to competitors
| Home Depot Inc. | Amazon.com Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|
| Mar 18, 2026 | ||||
| Mar 21, 2025 | ||||
| Mar 13, 2024 | ||||
| Mar 15, 2023 | ||||
| Mar 23, 2022 | ||||
| Mar 24, 2021 | ||||
| Mar 25, 2020 | ||||
| Mar 28, 2019 | ||||
| Mar 22, 2018 | ||||
| Mar 23, 2017 | ||||
| Mar 24, 2016 | ||||
| Mar 26, 2015 | ||||
| Mar 27, 2014 | ||||
| Mar 28, 2013 | ||||
| Mar 22, 2012 | ||||
| Mar 24, 2011 | ||||
| Mar 25, 2010 | ||||
| Apr 2, 2009 | ||||
| Apr 3, 2008 | ||||
| Mar 29, 2007 | ||||
| Mar 29, 2006 | ||||
| Apr 11, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Home Depot Inc., P/E, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Home Depot Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Mar 18, 2026 | ||
| Mar 21, 2025 | ||
| Mar 13, 2024 | ||
| Mar 15, 2023 | ||
| Mar 23, 2022 | ||
| Mar 24, 2021 | ||
| Mar 25, 2020 | ||
| Mar 28, 2019 | ||
| Mar 22, 2018 | ||
| Mar 23, 2017 | ||
| Mar 24, 2016 | ||
| Mar 26, 2015 | ||
| Mar 27, 2014 | ||
| Mar 28, 2013 | ||
| Mar 22, 2012 | ||
| Mar 24, 2011 | ||
| Mar 25, 2010 | ||
| Apr 2, 2009 | ||
| Apr 3, 2008 | ||
| Mar 29, 2007 | ||
| Mar 29, 2006 | ||
| Apr 11, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Consumer Discretionary)
Home Depot Inc., P/E, long-term trends, comparison to industry (consumer discretionary)
| Home Depot Inc. | Consumer Discretionary | |
|---|---|---|
| Mar 18, 2026 | ||
| Mar 21, 2025 | ||
| Mar 13, 2024 | ||
| Mar 15, 2023 | ||
| Mar 23, 2022 | ||
| Mar 24, 2021 | ||
| Mar 25, 2020 | ||
| Mar 28, 2019 | ||
| Mar 22, 2018 | ||
| Mar 23, 2017 | ||
| Mar 24, 2016 | ||
| Mar 26, 2015 | ||
| Mar 27, 2014 | ||
| Mar 28, 2013 | ||
| Mar 22, 2012 | ||
| Mar 24, 2011 | ||
| Mar 25, 2010 | ||
| Apr 2, 2009 | ||
| Apr 3, 2008 | ||
| Mar 29, 2007 | ||
| Mar 29, 2006 | ||
| Apr 11, 2005 |
Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).