Price to Sales (P/S)
since 2005
Calculation
Walt Disney Co., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 14, 2024 | 2.16 | = | 109.12 | ÷ | 50.45 | 50.45 | = | 91,361 | ÷ | 1,810,939,306 | |
| Nov 21, 2023 | 1.94 | = | 94.45 | ÷ | 48.57 | 48.57 | = | 88,898 | ÷ | 1,830,315,921 | |
| Nov 29, 2022 | 2.09 | = | 94.69 | ÷ | 45.36 | 45.36 | = | 82,722 | ÷ | 1,823,591,988 | |
| Nov 24, 2021 | 4.08 | = | 151.34 | ÷ | 37.09 | 37.09 | = | 67,418 | ÷ | 1,817,655,948 | |
| Nov 25, 2020 | 4.13 | = | 149.09 | ÷ | 36.12 | 36.12 | = | 65,388 | ÷ | 1,810,485,037 | |
| Nov 20, 2019 | 3.81 | = | 146.93 | ÷ | 38.60 | 38.60 | = | 69,570 | ÷ | 1,802,398,289 | |
| Nov 21, 2018 | 2.83 | = | 113.03 | ÷ | 39.92 | 39.92 | = | 59,434 | ÷ | 1,488,670,964 | |
| Nov 22, 2017 | 2.81 | = | 102.74 | ÷ | 36.51 | 36.51 | = | 55,137 | ÷ | 1,510,312,194 | |
| Nov 23, 2016 | 2.81 | = | 98.26 | ÷ | 34.96 | 34.96 | = | 55,632 | ÷ | 1,591,460,982 | |
| Nov 25, 2015 | 3.74 | = | 118.67 | ÷ | 31.74 | 31.74 | = | 52,465 | ÷ | 1,653,177,887 | |
| Nov 19, 2014 | 3.12 | = | 89.82 | ÷ | 28.79 | 28.79 | = | 48,813 | ÷ | 1,695,710,842 | |
| Nov 20, 2013 | 2.70 | = | 69.23 | ÷ | 25.63 | 25.63 | = | 45,041 | ÷ | 1,757,279,616 | |
| Nov 21, 2012 | 2.04 | = | 48.68 | ÷ | 23.86 | 23.86 | = | 42,278 | ÷ | 1,772,122,139 | |
| Nov 23, 2011 | 1.47 | = | 33.40 | ÷ | 22.76 | 22.76 | = | 40,893 | ÷ | 1,796,513,187 | |
| Nov 24, 2010 | 1.83 | = | 36.87 | ÷ | 20.10 | 20.10 | = | 38,063 | ÷ | 1,893,583,594 | |
| Dec 2, 2009 | 1.59 | = | 30.79 | ÷ | 19.38 | 19.38 | = | 36,149 | ÷ | 1,865,010,858 | |
| Nov 20, 2008 | 0.92 | = | 18.73 | ÷ | 20.44 | 20.44 | = | 37,843 | ÷ | 1,851,027,161 | |
| Nov 21, 2007 | 1.69 | = | 31.50 | ÷ | 18.66 | 18.66 | = | 35,510 | ÷ | 1,903,484,711 | |
| Nov 22, 2006 | 1.99 | = | 32.99 | ÷ | 16.58 | 16.58 | = | 34,285 | ÷ | 2,068,457,209 | |
| Dec 7, 2005 | 1.55 | = | 25.67 | ÷ | 16.61 | 16.61 | = | 31,944 | ÷ | 1,923,609,276 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Walt Disney Co. Annual Report.
The analyzed financial data reveals a series of trends over nearly two decades, focusing on share price, sales per share, and the price-to-sales (P/S) ratio.
- Share Price
- The share price exhibits notable fluctuations with an overall upward trajectory. Initially, the share price rose from $25.67 in late 2005 to a peak of $36.87 in 2010, followed by some volatility. A significant increase is observed from 2012 onwards, reaching a maximum near $151.34 in 2021. After 2021, the price declines sharply to around $94.69 by late 2022 and stabilizes slightly around $94.45 in late 2023 before increasing to $109.12 in 2024. This pattern suggests periods of growth interspersed with sharp corrections, reflecting changing market conditions or company-specific factors.
- Sales per Share
- Sales per share have shown a generally consistent upward trend over the period. Starting from $16.61 in 2005, the figure gradually increased with minor fluctuations, reaching $39.92 in 2018. Slight declines occur around 2019 and 2020, but sales recover to $50.45 by 2024. This steady growth in sales per share points to expanding revenues on a per-share basis, indicative of increasing business scale or improved operational efficiency.
- Price-to-Sales (P/S) Ratio
- The P/S ratio exhibits considerable variability over time. It begins at 1.55 in 2005, peaks at 1.99 in 2006, then falls to a low of 0.92 in 2008, coinciding with lower share prices during the global financial crisis. Subsequently, the ratio climbs steadily, reaching a high of approximately 4.13 in 2020, signaling a significant market premium relative to sales. From 2021 onwards, the P/S ratio declines sharply to about 2.09 by 2023, indicating a reduction in valuation multiples despite stable or slightly increasing sales per share. This reduction suggests a market reassessment or adjustment to more conservative valuation levels.
Overall, the data reflects a company that has achieved revenue growth per share consistently, while its share price and valuation multiples have experienced greater volatility. The declining price-to-sales ratio in recent years, despite rising sales per share, may point to changing investor sentiment or broader market influences affecting the stock's valuation.
Comparison to Competitors
Walt Disney Co., P/S, long-term trends, comparison to competitors
| Walt Disney Co. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | 2.16 | 0.00 | 1.03 | 10.58 | 10.66 | 4.83 |
| Nov 21, 2023 | 1.94 | 5.74 | 1.52 | 8.98 | 7.32 | 4.40 |
| Nov 29, 2022 | 2.09 | 4.76 | 1.39 | 4.20 | 5.14 | 4.07 |
| Nov 24, 2021 | 4.08 | 7.60 | 1.95 | 5.49 | 5.78 | 6.15 |
| Nov 25, 2020 | 4.13 | 7.65 | 2.28 | 8.78 | 9.54 | 5.18 |
| Nov 20, 2019 | 3.81 | 6.14 | 1.84 | 8.45 | 7.47 | 4.37 |
| Nov 21, 2018 | 2.83 | 5.82 | 1.75 | 8.52 | 9.09 | 7.27 |
| Nov 22, 2017 | 2.81 | 6.78 | 2.34 | 13.80 | 10.56 | 4.54 |
| Nov 23, 2016 | 2.81 | 6.14 | 2.22 | 13.70 | 6.94 | 2.24 |
| Nov 25, 2015 | 3.74 | 6.27 | 1.95 | 17.32 | 5.96 | 2.13 |
| Nov 19, 2014 | 3.12 | 5.44 | 2.19 | 17.51 | 4.88 | 0.80 |
| Nov 20, 2013 | 2.70 | 6.67 | 2.23 | 20.27 | 5.53 | 1.25 |
| Nov 21, 2012 | 2.04 | 4.95 | 1.69 | 13.92 | 2.56 | 1.28 |
| Nov 23, 2011 | 1.47 | 4.87 | 1.44 | — | 2.14 | 1.27 |
| Nov 24, 2010 | 1.83 | 6.85 | 1.85 | — | 5.76 | 1.44 |
| Dec 2, 2009 | 1.59 | 7.17 | 1.28 | — | 2.09 | 0.77 |
| Nov 20, 2008 | 0.92 | 5.17 | 1.08 | — | 1.54 | 0.43 |
| Nov 21, 2007 | 1.69 | 10.00 | 1.96 | — | 1.60 | 1.45 |
| Nov 22, 2006 | 1.99 | 13.15 | 3.31 | — | 1.55 | 1.25 |
| Dec 7, 2005 | 1.55 | 16.41 | 2.55 | — | 2.07 | 0.94 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Sector (Media & Entertainment)
Walt Disney Co., P/S, long-term trends, comparison to sector (media & entertainment)
| Walt Disney Co. | Media & Entertainment | |
|---|---|---|
| Nov 14, 2024 | 2.16 | 3.24 |
| Nov 21, 2023 | 1.94 | 5.21 |
| Nov 29, 2022 | 2.09 | 3.69 |
| Nov 24, 2021 | 4.08 | 5.57 |
| Nov 25, 2020 | 4.13 | 6.25 |
| Nov 20, 2019 | 3.81 | 5.12 |
| Nov 21, 2018 | 2.83 | 4.84 |
| Nov 22, 2017 | 2.81 | 5.90 |
| Nov 23, 2016 | 2.81 | 5.04 |
| Nov 25, 2015 | 3.74 | 5.11 |
| Nov 19, 2014 | 3.12 | 4.46 |
| Nov 20, 2013 | 2.70 | 4.64 |
| Nov 21, 2012 | 2.04 | 3.17 |
| Nov 23, 2011 | 1.47 | 2.40 |
| Nov 24, 2010 | 1.83 | 3.27 |
| Dec 2, 2009 | 1.59 | 2.82 |
| Nov 20, 2008 | 0.92 | 1.93 |
| Nov 21, 2007 | 1.69 | 3.40 |
| Nov 22, 2006 | 1.99 | 4.08 |
| Dec 7, 2005 | 1.55 | 3.36 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).
Comparison to Industry (Communication Services)
Walt Disney Co., P/S, long-term trends, comparison to industry (communication services)
| Walt Disney Co. | Communication Services | |
|---|---|---|
| Nov 14, 2024 | 2.16 | 2.81 |
| Nov 21, 2023 | 1.94 | 3.97 |
| Nov 29, 2022 | 2.09 | 2.91 |
| Nov 24, 2021 | 4.08 | 3.95 |
| Nov 25, 2020 | 4.13 | 4.19 |
| Nov 20, 2019 | 3.81 | 3.55 |
| Nov 21, 2018 | 2.83 | 3.21 |
| Nov 22, 2017 | 2.81 | 3.59 |
| Nov 23, 2016 | 2.81 | 3.11 |
| Nov 25, 2015 | 3.74 | 3.03 |
| Nov 19, 2014 | 3.12 | 2.67 |
| Nov 20, 2013 | 2.70 | 2.72 |
| Nov 21, 2012 | 2.04 | 2.08 |
| Nov 23, 2011 | 1.47 | 1.65 |
| Nov 24, 2010 | 1.83 | 1.84 |
| Dec 2, 2009 | 1.59 | 1.54 |
| Nov 20, 2008 | 0.92 | 1.28 |
| Nov 21, 2007 | 1.69 | 2.05 |
| Nov 22, 2006 | 1.99 | 2.85 |
| Dec 7, 2005 | 1.55 | 2.31 |
Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-10-01), 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01), 10-K (reporting date: 2015-10-03), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-10-01), 10-K (reporting date: 2010-10-02), 10-K (reporting date: 2009-10-03), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-10-01).