Oracle Corp. (NYSE:ORCL)

Price to Earnings (P/E) Ratio

The P/E ratio exhibited overall volatility throughout the observed periods. Initially, it fluctuated moderately between approximately 15 and 27 from August 2020 through early 2022. Subsequently, from mid-2022 onward, the ratio showed increased variability, with significant peaks reaching as high as 75 in November 2025. Despite some intermittent declines, the upward trend in the latter periods signals an increasing market valuation relative to earnings, potentially reflecting higher expected growth or decreasing earnings stability.

Price to Operating Profit (P/OP) Ratio

The P/OP ratio followed a pattern similar to the P/E ratio but with less pronounced peaks. Early readings ranged from about 12 to 25 between 2020 and early 2022, followed by fluctuations that reached a peak of nearly 52 in November 2025. This indicates increasing market valuation relative to operating profits, possibly driven by market optimism or margin pressure affecting operating profits. The variability suggests volatility in operating profitability or market perceptions thereof.

Price to Sales (P/S) Ratio

The P/S ratio showed a generally upward trajectory over time. Starting around 4.5 to 6 from 2020 through early 2022, it gradually increased to a peak of approximately 15.8 in November 2025. The steady increase in this ratio signifies growing investor willingness to pay more per unit of sales, potentially reflecting growth prospects, better sales quality, or improved sales outlooks despite the overall market uncertainty.

Price to Book Value (P/BV) Ratio

The P/BV ratio displayed notable irregularities and missing data in several consecutive quarters. Early values ranged from approximately 19 to 41, with sparse data after early 2021. In later periods, particularly in 2023 and 2024, very high P/BV ratios exceeding 300 and then falling to around 20 occurred, indicating extreme market valuation relative to book value at times. This high variability and missing data suggest either accounting changes or asset revaluations impacting book value, or market speculation influencing price beyond fundamentals.

Summary of Trends

Overall, the valuation ratios showed increasing trends with heightened volatility in recent years. P/E and P/OP ratios indicate rising market expectations relative to earnings and operating profits, while P/S ratios confirm increasing price premiums on sales. The erratic P/BV ratio highlights challenges in interpreting book value in this period. These patterns suggest shifting investor sentiment towards more optimistic future prospects or changing profit dynamics, combined with some uncertainty and market speculation affecting valuations.

The analysis of the quarterly financial data reveals evolving trends in share prices, earnings per share (EPS), and price-to-earnings (P/E) ratios over time.

Share Price

The share price exhibited a general upward trajectory with intermittent declines. From August 2020 to November 2021, the price rose steadily from about $61 to over $102, showing strong investor confidence. However, a noticeable correction occurred through mid-2022, with prices dipping below $70. Starting late 2022, there was renewed momentum, culminating in a substantial peak of $328 by August 2025, albeit followed by some volatility, including a fall to around $199 in November 2025. Overall, the price more than tripled over the analyzed period, indicating significant market value appreciation.

Earnings Per Share (EPS)

EPS trends reflected some fluctuations but maintained a generally positive direction. Initial growth from $3.41 to $5.1 was seen by August 2021, after which EPS dropped sharply to lows around $2.15 in August 2022. This trough was followed by a recovery phase, stabilizing near $3.1-$3.9 from late 2022 through mid-2024. Subsequently, EPS improved gradually, reaching a high of $5.37 by November 2025. The EPS trajectory indicates periods of earnings pressure followed by recovery and growth, supporting the overall share price appreciation.

P/E Ratio

The P/E ratio showed considerable volatility over the period, reflecting changes in market valuation relative to earnings. Initial values hovered between approximately 15 and 18 until early 2021, before spiking dramatically to highs near 75 by late 2025. These changes were influenced by both share price movements and fluctuating EPS. Notably, the highest P/E levels coincided with elevated share prices and recovering but still moderate earnings, suggesting an expansion in investor valuation multiples. The rise in P/E ratio signals growing market optimism but also increased risk of overvaluation during peak periods.

In summary, the data illustrates strong share price growth supported by variable yet improving earnings performance. The expanding P/E ratio indicates heightened market expectations and valuation, which reached unprecedented levels near the end of the analyzed timeframe. These patterns reflect dynamic shifts in company performance metrics coupled with changing investor sentiment.

The analysis of the financial metrics over the reported periods reveals several significant trends and fluctuations.

Share Price (US$)

The share price demonstrates an overall upward trajectory with notable volatility. Initially, it rose steadily from approximately 61 US$ in August 2020 to a peak near 103 US$ around November 2021. This was followed by a decline to about 68 US$ in mid-2022, then a recovery and substantial increase, culminating in a peak above 328 US$ in late 2025. Despite this strong long-term growth, several interim periods experienced pronounced decreases, indicating market or company-specific volatility.

Operating Profit per Share (US$)

This metric shows moderate growth over the timeframe. Starting at 4.73 US$ in August 2020, it experienced slight increases and small fluctuations, reaching approximately 6.43 US$ by November 2025. The progression is relatively steady without abrupt changes, suggesting consistent operational profitability improvements over time.

Price to Operating Profit Ratio (P/OP, ratio)

The P/OP ratio exhibits considerable variability, fluctuating from around 12.2 early in the period to a very high peak near 51.94 by November 2025. The ratio spikes notably during certain intervals, particularly when share prices surge faster than operating profits, reflecting periods where market valuations outpaced earnings growth. Conversely, lower ratio values coincide with periods of share price decline or slower share price appreciation relative to operating profit.

In summary, the company’s share price has shown strong appreciation with intermittent volatility, while operating profit per share has steadily increased at a moderate pace. The price to operating profit ratio indicates changing market sentiment and valuation levels, with higher ratios suggesting stretched valuations at certain points. This pattern reflects a dynamic market response to the company’s performance and external factors influencing investor expectations over the analyzed period.

The analysis of the quarterly financial data reveals several notable trends and fluctuations in the key financial metrics over the covered periods.

Share Price

The share price exhibits a generally upward trend with periods of volatility. Initially, the share price rose steadily from approximately $60.94 to a peak of $102.63 within about a year. This was followed by a decline to approximately $67.68, indicating a period of price correction or market adjustment. Subsequently, the share price recovered, reaching a significant high of $210.87 and peaking at $328.33 before retreating to around $198.85 at the end of the period. Overall, the share price more than tripled over the data span, reflecting increasing market valuation with intermittent fluctuations.

Sales per Share

Sales per share shows a consistent and steady upward trajectory throughout the periods examined. Starting from $13.04, sales per share gradually increased, crossing the $20 mark in the later stages, and ending around $21.24. The growth is characterized by relatively small quarter-over-quarter increases, indicating stable revenue growth per share that underpins the company’s operational performance.

Price to Sales (P/S) Ratio

The P/S ratio demonstrates notable variability, which highlights changes in market expectations relative to sales. Initially, the ratio increased from about 4.67 to a peak of 6.62 within the first year, suggesting rising investor optimism or valuation premium relative to sales. This was followed by a decline to around 4.25, paralleling the dip in share price. The P/S ratio then climbed sharply, reaching an all-time high of approximately 15.81, implying a strong market valuation relative to sales or possibly anticipated future growth. Toward the most recent periods, the ratio eased back to around 9.36, remaining elevated compared to earlier periods but reflecting some moderation in market exuberance.

In summary, the data portrays a company experiencing steady sales growth per share, accompanied by a volatile but ultimately rising share price. The fluctuations in the P/S ratio underscore shifting investor sentiment and valuation dynamics, with sizable increases in market valuation relative to sales during certain periods. These patterns suggest a robust fundamental performance supported by revenue growth, with market price movements influenced by external factors and investor expectations over time.

Share Price Trend

The share price exhibited notable volatility over the observed period. Starting around $60.94 in August 2020, it showed a general upward trajectory with intermittent declines, peaking at $142.91 in November 2024. After this peak, the price experienced significant fluctuations, notably surging to $328.33 by August 2025 before retracting to $198.85 in November 2025. This indicates periods of heightened market optimism interspersed with corrections.

Book Value per Share (BVPS) Trend

The book value per share showed considerable variation and a negative phase during part of the timeline. Initially at $3.16 in August 2020, the BVPS declined into negative values between August 2021 (-$0.56) and November 2022 (-$1.57), indicating possible deterioration in net asset value relative to the number of shares. However, from February 2023 onward, BVPS recovered steadily, reaching $10.42 by November 2025. This recovery suggests strengthening in the company’s net assets or improvements in equity valuation metrics.

Price-to-Book Value (P/BV) Ratio Analysis

The P/BV ratio displayed significant fluctuations corresponding with shifts in both share price and BVPS. Early in the timeline, the ratio was moderately high, for example 19.31 in August 2020 and peaking at 41.57 in May 2021, suggesting the market price was trading far above the book value per share. There is a period with missing data in mid-range dates reflecting the interval when BVPS was negative or data was incomplete. From February 2023 onwards, the P/BV ratio showed a striking spike, reaching as high as 308.71 in February 2023, which is an extreme premium relative to book value, likely driven by low or recovering book values combined with high share prices. Subsequently, the ratio gradually decreased though remaining elevated, settling at 19.08 by November 2025, indicative of a return towards more sustainable valuation levels as BVPS increased.

Overall Financial Indicator Synthesis

The data reveals a period where book value per share was negative or weak, juxtaposed with volatile but generally increasing share prices, resulting in highly variable and at times extreme price-to-book ratios. The recovery in BVPS starting in early 2023 alongside the maintained elevated share prices suggests improvements in company fundamentals or investor perceptions, though valuations remain relatively high compared to book value. The sharp price jumps and subsequent corrections toward the end of the period point to increased market speculation or external factors impacting investor confidence. Analysts should consider the underlying causes of book value volatility and market sentiment shifts influencing these trends.