McKesson Corp. (NYSE:MCK)

The analysis of the financial data over the reported period reveals several notable trends in share price, operating profit per share, and the price to operating profit ratio.

Share Price Trends

The share price exhibits an overall upward trajectory from 2005 to 2016, starting at $37.68 and peaking at $229.55 in 2015. The price experienced fluctuations, evidenced by a decline in 2009 to $38.18 following higher values in earlier years, likely reflecting market volatility or company-specific challenges during that period. After 2009, there is a significant recovery and growth phase, with the share price reaching its highest values in 2014 and 2015 before slightly declining to $172.70 in 2016.

Operating Profit Per Share

Operating profit per share has shown a strong positive trend throughout the period, beginning with a negative figure of -$0.64 in 2005, indicating an operating loss at that time. From 2006 onwards, the metric consistently improved, rising from $3.66 to $15.75 in 2016. This steady increase suggests enhanced operational efficiency and profitability over time, with more than a fourfold increase from its 2006 level to the final reported figure.

Price to Operating Profit Ratio (P/OP)

The P/OP ratio fluctuates throughout the period without a clear upward or downward trend. Early values in 2006 and 2007 hovered around 13.5 to 14, declining to a low of 8.66 in 2009, which may indicate undervaluation or market adjustments corresponding to the lower share prices and still-improving operating profit. Following 2009, the ratio varies between approximately 9 and 18, peaking notably in 2014 and 2015. The elevated ratio during these years could imply higher market expectations relative to operating profit, or potentially an overvaluation scenario. By 2016, the ratio decreases to 10.96, suggesting a correction or more balanced market appraisal relative to operating profit.

Overall, the data indicates significant improvements in operating profitability per share, which correspond with an increasing share price trend despite intermittent volatility. The price to operating profit ratio behavior suggests varying market sentiment and valuation considerations throughout the years under review.