Hubbell Inc. (NYSE:HUBB)

The share price demonstrated notable volatility over the periods analyzed. Initially, the price remained relatively stable around the mid-40s to high 40s range, before experiencing a significant decline to 26.68 US$ in the fiscal year ending February 20, 2009. Post-2009, the share price exhibited a strong upward trajectory, reaching 240.62 US$ by February 9, 2023. This represents a more than fivefold increase from the lowest point observed in 2009.

Operating profit per share (OPPS) displayed a consistent upward trend from 3.74 US$ in 2006 to 13.23 US$ in 2023, indicating steady growth in operational profitability. Despite some year-to-year fluctuations, such as a dip in 2015 to 8.37 US$ and a slight decrease after 2019, the general pattern highlights continuous improvement in operating income generation on a per-share basis.

The Price to Operating Profit ratio (P/OP) illustrates how market valuation relative to operational earnings shifted during the years. Early in the period, the ratio was moderate, fluctuating between approximately 8.9 and 12.7, with a marked low of 4.35 in 2009 coinciding with the depressed share price. From 2010 onward, the ratio mostly trended upward, peaking at 18.74 in 2022 before a slight decrease to 18.19 in 2023. This escalation suggests growing market confidence or premium valuation applied to the company’s operating profits over time, particularly in the latter years.

In summary, the data shows a recovery and substantial growth phase starting from the 2009 trough, with the company improving its operating profit per share consistently and the market revaluing the company’s shares at a higher multiple of operating earnings. The divergence between the steady growth in operating profit and the more variable price-to-operating profit ratio indicates that external market factors and investor sentiment played significant roles in share price movements during the period.