Stock Analysis on Net

Lowe’s Cos. Inc. (NYSE:LOW)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Lowe’s Cos. Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Lowe’s Cos. Inc. Annual Report.


Share Price Trends
The share price exhibited fluctuations over the reported periods. Initially, it rose from $26.91 in April 2005 to a peak of $38.02 in April 2013, showing a steady growth trajectory in the early years with notable volatility. Between 2013 and 2019, the share price increased significantly, reaching a high of $109.91 by April 2019, indicating strong market performance. However, there was a sharp decline to $67.80 in March 2020, likely influenced by broader market conditions. The price rebounded strongly thereafter, peaking at $254 in March 2024, followed by a slight decrease to $232.89 by March 2025, reflecting continued investor confidence despite some recent volatility.
Earnings per Share (EPS) Analysis
EPS showed an overall upward trend with periods of fluctuations. Starting at $1.40 in April 2005, EPS grew steadily to $4.17 by April 2018, indicating improving profitability. The EPS spiked sharply to $5.67 in March 2020 and further to $8.14 in March 2021, marking substantial earnings growth during this period. This growth continued, peaking at $13.50 in March 2024 before slightly decreasing to $12.43 in March 2025. The overall pattern suggests strong earnings expansion with some variability in recent years, possibly influenced by operational or market factors.
Price-to-Earnings (P/E) Ratio Examination
The P/E ratio demonstrated variability throughout the timeline, reflecting changes in market valuation relative to earnings. The ratio started around 19.15 in April 2005, declining to a low of 11.96 in March 2020, coinciding with a sharp rise in EPS and pandemic-related market impacts. Post-2020, the P/E ratio increased again, reaching approximately 22.36 in March 2021 before stabilizing around 18 to 19 in the subsequent years. The elevated P/E ratios in the mid-2010s indicate periods where the market placed higher value on earnings growth. Recent ratios suggest a balanced valuation reflecting both robust earnings and market expectations.
Summary of Financial Performance
The data reflects a company that has experienced significant growth in both market valuation and earnings over two decades, with cyclical fluctuations aligning with broader economic events. Share prices and EPS growth show strong positive momentum overall, particularly post-2010. The P/E ratio movements indicate varying market sentiments, with valuation compression during times of rapid earnings increase and expansion during periods of market optimism. Recent years demonstrate resilience and recovery after market downturns, with sustained high earnings and strong share price performance, despite some volatility.

Comparison to Competitors


Comparison to Sector (Consumer Discretionary Distribution & Retail)

Lowe’s Cos. Inc., P/E, long-term trends, comparison to sector (consumer discretionary distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29), 10-K (reporting date: 2009-01-30), 10-K (reporting date: 2008-02-01), 10-K (reporting date: 2007-02-02), 10-K (reporting date: 2006-02-03), 10-K (reporting date: 2005-01-28).


Comparison to Industry (Consumer Discretionary)