Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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)
Kimberly-Clark Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
- Price to Earnings (P/E) Ratio
- The Price to Earnings (P/E) ratio data begins from the period ending March 31, 2017. From this point, the ratio shows a general downward trend from 20.22 to a low of 17.2 by December 31, 2017. Following this, there is an upward movement reaching a peak of 27.69 in the quarter ending March 31, 2019. Subsequently, the P/E ratio declines moderately and stabilizes mostly between 19 and 25, fluctuating moderately without significant spikes through to March 31, 2021. This pattern indicates some volatility in market valuation relative to earnings, with a notable peak in early 2019 and a stabilization phase afterward.
- Price to Operating Profit (P/OP) Ratio
- The Price to Operating Profit ratio shows a somewhat similar pattern, starting at 13.2 in March 2017, dipping slightly to 11.87 by December 31, 2017. Thereafter, there is a steady increase leading to a peak of 17.65 in the quarter ending September 30, 2019. From this peak, the P/OP ratio declines gradually to a level near 14.33 by March 31, 2021. These movements suggest fluctuations in operating profitability valuation, with overall increases until late 2019 followed by mild contraction.
- Price to Sales (P/S) Ratio
- The Price to Sales ratio starts at 2.41 in March 2017, initially fluctuates slightly but remains below 2.2 toward the end of 2017. From early 2018, it experiences a general rising trend, peaking around 2.68 in December 2019. After this peak, it declines slightly to about 2.34 by March 2021. This indicates relative stability with modest growth and a subsequent mild correction in sales valuation multiples over the observed periods.
- Price to Book Value (P/BV) Ratio
- The Price to Book Value ratio data contains substantial variability and some missing values, but notable features include an initial very high value of 419.2 in March 31, 2016, followed by a sharp decline through subsequent quarters, hitting levels around 62.27 by the end of 2017. There are intermittent increases and decreases thereafter, but ratios remain significantly lower than the initial extreme. The last recorded ratios from mid-2019 to early 2021 show moderate fluctuation between about 71.4 and 187.49. This indicates a pronounced initial overvaluation relative to book value, normalizing somewhat over time, with periodic volatility in equity valuation metrics.
Price to Earnings (P/E)
Kimberly-Clark Corp., historical P/E calculation (quarterly data)
| 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 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 337,431,588 | 338,363,924 | 340,136,715 | 341,047,156 | 340,547,119 | 341,795,666 | 342,805,599 | 344,136,273 | 343,795,330 | 344,431,630 | 346,300,915 | 347,664,541 | 349,329,075 | 350,706,285 | 351,757,295 | 353,302,843 | 354,928,124 | 356,274,872 | 358,155,430 | 359,636,074 | 360,127,819 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net income attributable to Kimberly-Clark Corporation (in millions) | 584) | 539) | 472) | 681) | 660) | 547) | 671) | 485) | 454) | 411) | 451) | 455) | 93) | 617) | 567) | 531) | 563) | 505) | 550) | 566) | 545) | |||||||
| Earnings per share (EPS)2 | 6.75 | 6.95 | 6.94 | 7.50 | 6.94 | 6.31 | 5.90 | 5.23 | 5.15 | 4.09 | 4.67 | 4.98 | 5.18 | 6.50 | 6.16 | 6.08 | 6.15 | 6.08 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 132.11 | 132.09 | 138.09 | 147.33 | 142.80 | 144.74 | 129.38 | 135.05 | 130.25 | 113.36 | 106.40 | 106.16 | 98.52 | 111.69 | 112.53 | 124.68 | 130.40 | 122.93 | 113.91 | 132.59 | 126.88 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/E ratio4 | 19.59 | 19.00 | 19.90 | 19.64 | 20.58 | 22.94 | 21.95 | 25.81 | 25.28 | 27.69 | 22.80 | 21.31 | 19.04 | 17.20 | 18.27 | 20.50 | 21.19 | 20.22 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 26.27 | 25.85 | 63.19 | 67.79 | 75.63 | 78.69 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2021 Calculation
EPS
= (Net income attributable to Kimberly-Clark CorporationQ1 2021
+ Net income attributable to Kimberly-Clark CorporationQ4 2020
+ Net income attributable to Kimberly-Clark CorporationQ3 2020
+ Net income attributable to Kimberly-Clark CorporationQ2 2020)
÷ No. shares of common stock outstanding
= (584,000,000 + 539,000,000 + 472,000,000 + 681,000,000)
÷ 337,431,588 = 6.75
3 Closing price as at the filing date of Kimberly-Clark Corp. Quarterly or Annual Report.
4 Q1 2021 Calculation
P/E ratio = Share price ÷ EPS
= 132.11 ÷ 6.75 = 19.59
5 Click competitor name to see calculations.
The quarterly financial data indicates several trends across share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the analyzed periods.
- Share Price
- The share price experienced fluctuations throughout the timeframe. Initially, it showed a moderate increase from $126.88 at the end of March 2016, peaking at $132.59 in June 2016, followed by a decline to $111.69 by December 2017. Subsequently, the share price dipped further to a low near $98.52 by March 2018. After this trough, the price demonstrated a recovery trend, reaching a peak of $147.33 in June 2020 before declining slightly to $132.11 by March 2021. This pattern suggests periods of volatility with notable troughs and recoveries, reflecting potentially changing market conditions or company-specific factors during these intervals.
- Earnings Per Share (EPS)
- EPS data is available starting from March 2017, showing a rise from $6.08 to a local peak of $6.5 in March 2018. Following this, EPS showed a gradual downward trend, reaching a trough around $4.09 in December 2018. After the decline, EPS rebounded steadily, climbing to $7.5 at the end of September 2020 before slightly decreasing once more to $6.75 by March 2021. This pattern indicates an initial period of growth, a mid-period decline, then strong recovery and stabilization, reflecting fluctuations in profitability over the quarters.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio presented a general upward trend from March 2017 onward, starting near 20.22 and rising to a peak of 27.69 in December 2018. This peak coincides with the lowest EPS levels, which suggests share prices did not fall proportionally to earnings, thereby elevating the ratio. Post-peak, the P/E ratio declined to approximately 19 by March 2020 and then stabilized around 19 to 20 through March 2021. The fluctuation in P/E ratios reflects valuation adjustments by the market relative to earnings changes and share price movements.
Overall, the data reveals cyclical behavior in share price and EPS, with a general recovery trend after mid-2018 lows. The P/E ratio's inverse movement in late 2018 highlights market valuation dynamics influenced by earnings performance. The stabilization of both EPS and P/E ratio towards the end of the period may indicate improved earnings consistency and market confidence.
Price to Operating Profit (P/OP)
Kimberly-Clark Corp., historical P/OP calculation (quarterly data)
| 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 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 337,431,588 | 338,363,924 | 340,136,715 | 341,047,156 | 340,547,119 | 341,795,666 | 342,805,599 | 344,136,273 | 343,795,330 | 344,431,630 | 346,300,915 | 347,664,541 | 349,329,075 | 350,706,285 | 351,757,295 | 353,302,843 | 354,928,124 | 356,274,872 | 358,155,430 | 359,636,074 | 360,127,819 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Operating profit (in millions) | 770) | 749) | 666) | 925) | 904) | 751) | 915) | 670) | 655) | 639) | 669) | 674) | 247) | 812) | 854) | 799) | 834) | 839) | 836) | 838) | 804) | |||||||
| Operating profit per share2 | 9.22 | 9.59 | 9.54 | 10.25 | 9.51 | 8.75 | 8.40 | 7.65 | 7.67 | 6.47 | 6.94 | 7.44 | 7.76 | 9.41 | 9.46 | 9.36 | 9.43 | 9.31 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 132.11 | 132.09 | 138.09 | 147.33 | 142.80 | 144.74 | 129.38 | 135.05 | 130.25 | 113.36 | 106.40 | 106.16 | 98.52 | 111.69 | 112.53 | 124.68 | 130.40 | 122.93 | 113.91 | 132.59 | 126.88 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/OP ratio4 | 14.33 | 13.78 | 14.47 | 14.38 | 15.01 | 16.54 | 15.41 | 17.65 | 16.98 | 17.52 | 15.34 | 14.27 | 12.69 | 11.87 | 11.90 | 13.32 | 13.83 | 13.20 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 21.16 | 21.01 | 42.45 | 45.33 | 48.96 | 52.12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2021 Calculation
Operating profit per share
= (Operating profitQ1 2021
+ Operating profitQ4 2020
+ Operating profitQ3 2020
+ Operating profitQ2 2020)
÷ No. shares of common stock outstanding
= (770,000,000 + 749,000,000 + 666,000,000 + 925,000,000)
÷ 337,431,588 = 9.22
3 Closing price as at the filing date of Kimberly-Clark Corp. Quarterly or Annual Report.
4 Q1 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 132.11 ÷ 9.22 = 14.33
5 Click competitor name to see calculations.
The financial data reveals several notable trends in share price, operating profit per share, and the price-to-operating profit (P/OP) ratio over the analyzed quarters.
- Share Price Trends
- The share price exhibited fluctuations without a consistent directional trend. In 2016, the price started at approximately 127 US dollars, rose briefly to around 133 in mid-year, then declined to near 114 by the end of the third quarter, followed by a slight recovery to about 123 at year-end. Throughout 2017 and 2018, the share price generally declined, hitting a low near 98 US dollars in early 2018 before a moderate recovery to approximately 113 by the end of that year. From 2019 onward, the share price showed improved performance, increasing from about 130 in early 2019 to a peak close to 147 in mid-2020. However, the price showed some volatility afterward, ending near 132 US dollars in the first quarter of 2021.
- Operating Profit Per Share
- Operating profit per share data, available starting from the first quarter of 2017, displays an initial increase from approximately 9.3 US dollars to a high near 9.5 during the year. Subsequently, there was a gradual decline throughout 2018, reaching a low point around 6.5 US dollars by year-end. This was followed by a recovery phase across 2019 and early 2020, with operating profit per share increasing back above 10 US dollars as of the third quarter of 2020. The last two quarters shown indicate a decrease again to roughly 9.2 US dollars by the first quarter of 2021.
- Price-to-Operating Profit Ratio (P/OP)
- The P/OP ratio, reflecting the valuation of the share price relative to operating profit per share, exhibited a general upward trend from 2017 through 2018, moving from about 13.2 to a peak exceeding 17.5 by the end of 2018. This increase suggests growing investor valuation relative to earnings during that period despite declining operating profit per share. Following this peak, the P/OP ratio declined during 2019 and 2020, stabilizing in the range between 13.7 and 16.5, indicating a more balanced valuation relative to operating profit. The ratio remained relatively steady toward early 2021, ending near 14.3.
Overall, the share price and operating profit per share demonstrate cyclical patterns, with an evident recovery in profitability and share value after a trough in 2018. The P/OP ratio's peak in 2018 suggests a period of elevated market valuation relative to operating earnings, which subsequently corrected to more conservative levels. These dynamics indicate responsiveness of the market valuation to changes in operating performance over the observed timeframe.
Price to Sales (P/S)
Kimberly-Clark Corp., historical P/S calculation (quarterly data)
| 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 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 337,431,588 | 338,363,924 | 340,136,715 | 341,047,156 | 340,547,119 | 341,795,666 | 342,805,599 | 344,136,273 | 343,795,330 | 344,431,630 | 346,300,915 | 347,664,541 | 349,329,075 | 350,706,285 | 351,757,295 | 353,302,843 | 354,928,124 | 356,274,872 | 358,155,430 | 359,636,074 | 360,127,819 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net sales (in millions) | 4,743) | 4,836) | 4,683) | 4,612) | 5,009) | 4,583) | 4,640) | 4,594) | 4,633) | 4,569) | 4,582) | 4,604) | 4,731) | 4,582) | 4,640) | 4,554) | 4,483) | 4,544) | 4,594) | 4,588) | 4,476) | |||||||
| Sales per share2 | 55.93 | 56.57 | 55.53 | 55.25 | 55.28 | 53.98 | 53.78 | 53.40 | 53.49 | 53.67 | 53.42 | 53.38 | 52.98 | 52.06 | 51.80 | 51.44 | 51.30 | 51.09 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 132.11 | 132.09 | 138.09 | 147.33 | 142.80 | 144.74 | 129.38 | 135.05 | 130.25 | 113.36 | 106.40 | 106.16 | 98.52 | 111.69 | 112.53 | 124.68 | 130.40 | 122.93 | 113.91 | 132.59 | 126.88 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/S ratio4 | 2.36 | 2.34 | 2.49 | 2.67 | 2.58 | 2.68 | 2.41 | 2.53 | 2.44 | 2.11 | 1.99 | 1.99 | 1.86 | 2.15 | 2.17 | 2.42 | 2.54 | 2.41 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 4.88 | 4.65 | 4.24 | 4.44 | 4.43 | 4.22 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2021 Calculation
Sales per share
= (Net salesQ1 2021
+ Net salesQ4 2020
+ Net salesQ3 2020
+ Net salesQ2 2020)
÷ No. shares of common stock outstanding
= (4,743,000,000 + 4,836,000,000 + 4,683,000,000 + 4,612,000,000)
÷ 337,431,588 = 55.93
3 Closing price as at the filing date of Kimberly-Clark Corp. Quarterly or Annual Report.
4 Q1 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 132.11 ÷ 55.93 = 2.36
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited notable fluctuations over the observed periods. Starting at a high point of $126.88 in March 2016, it experienced intermittent peaks and troughs, with a low around $98.52 in March 2018. Subsequently, the share price showed a recovery trend reaching a peak of approximately $147.33 in June 2020, followed by a moderate decline stabilizing near $132.11 by March 2021. Overall, the share price demonstrated volatility but ended close to its initial level.
- Sales per Share Trend
- Sales per share values were unavailable prior to March 2017. From then, the figure showed a steady upward trend, rising from $51.09 to a peak of about $56.57 in December 2020. This reflects consistent growth in sales on a per-share basis, indicating improving revenue generation per unit of equity over the analyzed period.
- Price-to-Sales (P/S) Ratio Trend
- The P/S ratio fluctuated significantly during the period. Initially, it was around 2.41 in March 2017, then it declined notably to a low near 1.86 by June 2018, demonstrating a period where the share price may have underperformed relative to sales. Subsequently, the P/S ratio recovered and generally trended upward, peaking at about 2.68 in December 2019, before stabilizing around 2.34–2.36 in early 2021. These shifts indicate varying market valuations relative to sales, reflecting changing investor sentiment and market conditions.
- Overall Observations
- There is evidence of an overall increase in sales per share, suggesting revenue growth for the company. Despite share price volatility, it ended near its initial value, potentially reflecting market corrections or external factors. The fluctuating P/S ratio highlights dynamic valuation changes, possibly linked to earnings expectations or broader economic influences. The data suggests a period of recovery and stabilization toward the end, indicative of improved financial performance and market confidence.
Price to Book Value (P/BV)
Kimberly-Clark Corp., historical P/BV calculation (quarterly data)
| 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 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 337,431,588 | 338,363,924 | 340,136,715 | 341,047,156 | 340,547,119 | 341,795,666 | 342,805,599 | 344,136,273 | 343,795,330 | 344,431,630 | 346,300,915 | 347,664,541 | 349,329,075 | 350,706,285 | 351,757,295 | 353,302,843 | 354,928,124 | 356,274,872 | 358,155,430 | 359,636,074 | 360,127,819 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Total Kimberly-Clark Corporation stockholders’ equity (in millions) | 518) | 626) | 335) | 268) | (167) | (33) | (141) | (178) | (305) | (287) | (133) | (57) | 317) | 629) | 259) | 102) | 136) | (102) | 299) | 196) | 109) | |||||||
| Book value per share (BVPS)2 | 1.54 | 1.85 | 0.98 | 0.79 | -0.49 | -0.10 | -0.41 | -0.52 | -0.89 | -0.83 | -0.38 | -0.16 | 0.91 | 1.79 | 0.74 | 0.29 | 0.38 | -0.29 | 0.83 | 0.54 | 0.30 | |||||||
| Share price1, 3 | 132.11 | 132.09 | 138.09 | 147.33 | 142.80 | 144.74 | 129.38 | 135.05 | 130.25 | 113.36 | 106.40 | 106.16 | 98.52 | 111.69 | 112.53 | 124.68 | 130.40 | 122.93 | 113.91 | 132.59 | 126.88 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/BV ratio4 | 86.06 | 71.40 | 140.21 | 187.49 | — | — | — | — | — | — | — | — | 108.57 | 62.27 | 152.83 | 431.86 | 340.31 | — | 136.45 | 243.29 | 419.20 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Procter & Gamble Co. | 7.33 | 7.09 | 6.56 | 6.78 | 6.54 | 6.06 | 4.70 | 4.39 | 4.16 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2021 Calculation
BVPS = Total Kimberly-Clark Corporation stockholders’ equity ÷ No. shares of common stock outstanding
= 518,000,000 ÷ 337,431,588 = 1.54
3 Closing price as at the filing date of Kimberly-Clark Corp. Quarterly or Annual Report.
4 Q1 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 132.11 ÷ 1.54 = 86.06
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibits notable fluctuations over the observed quarters. Initially, from March 2016 to December 2016, it decreased from 126.88 to 122.93, with a peak at 132.59 in June 2016 and a dip to 113.91 in September 2016. In 2017, the share price generally declined, reaching a low of 111.69 in December. From early 2018 through 2019, the price showed recovery and upward momentum, peaking at 144.74 in December 2019. Subsequently, in 2020, the share price experienced some volatility, with a high of 147.33 in June and a decline towards the end of the year, settling at 132.09 by March 2021. Overall, there is a pattern of cyclical rises and falls, with the latest figures nearer to the mid-range of the observed period.
- Book Value Per Share (BVPS) Trend
- Book value per share demonstrates significant volatility and irregularity across quarters. Starting at a low 0.3 per share in March 2016, BVPS increased substantially to 0.83 by September 2016, then dropped sharply to -0.29 in December 2016. This volatile pattern continued through 2017 and 2018, with several negative values, reaching a low of -0.89 in March 2019. Notably, from late 2019 into 2020 and early 2021, BVPS showed signs of recovery, moving back into positive territory and rising to 1.85 by December 2020 before a slight decrease to 1.54 in March 2021. The wide swings and frequent negative readings suggest episodic impairments or adjustments impacting shareholders’ equity during this period.
- Price-to-Book Value (P/BV) Ratio Trend
- The P/BV ratio reflects the relationship between share price and book value and is characterized by extreme variability linked to the fluctuations in BVPS. Early on, the ratio was excessively high at 419.2 in March 2016, then fell markedly to 136.45 by September 2016. Missing data points limit continuous observation, but available figures show peaks such as 431.86 in June 2017 and a low of 62.27 in December 2017. By 2020 and early 2021, the ratio stabilized to a range of approximately 71.4 to 187.49, suggesting somewhat more consistent valuation metrics relative to book value. The large variations appear primarily driven by the unstable BVPS metric, indicating challenges in equity valuation and possibly reflecting underlying financial or operational volatility.
- Summary Insights
- The data reveals a company experiencing marked financial fluctuations across the observed timeframe. Share price trends show cyclic behavior with partial recoveries punctuated by declines. Book value per share exhibits a pattern of recurring negative values interspersed with recoveries, affecting overall equity valuation. Consequently, the price-to-book ratio is highly volatile, impacted mainly by the instability of book value. These patterns reflect a complex financial environment, potentially involving nonrecurring charges or shifts in asset valuation that merit further investigation for comprehensive understanding.