Walt Disney Co. (NYSE:DIS)

Price to earnings (P/E) ratio

The P/E ratio presents a variable trend over the periods analyzed. Initially, data is absent until late 2019, after which the ratio fluctuates significantly. It peaks sharply around early 2022, reaching an extremely high value near 289.34, followed by a downward movement over subsequent quarters. After the peak, the ratio declines steadily, reaching lower levels by mid-2025, indicating a potential normalization in market expectations related to earnings after a period of volatility.

Price to operating profit (P/OP) ratio

The P/OP ratio exhibits considerable volatility similar to the P/E ratio. It shows a high degree of fluctuation with notable spikes, particularly around early 2020 and early 2022. After these spikes, a gradual decrease occurs, with the ratio lowering to more moderate levels by 2025. This pattern suggests episodic shifts possibly due to changes in operating profitability or market valuation changes relative to operating profit.

Price to sales (P/S) ratio

The P/S ratio demonstrates a peak during mid-2020 to early 2021, reaching above 5.5, featuring the highest valuation relative to sales in the observed timeframe. However, after this peak, the ratio generally decreases and stabilizes around values close to 2 by 2025. This indicates that market valuation relative to sales was relatively high during the pandemic period, followed by a reversion to baseline levels over time.

Price to book value (P/BV) ratio

The P/BV ratio starts at a moderate level around 3.34 at the end of 2018 and declines gradually throughout the following years. The ratio experiences some fluctuations but trends downward, reaching approximately 1.9 by mid-2025. This decreasing trend may reflect an increased book value base or a market revaluation towards the company’s net asset value, suggesting more conservative valuation metrics over time.

Share Price Trends

The share price displayed considerable volatility over the observed periods. It peaked initially at 190.91 US$ in January 2021, representing the highest value in the dataset. Before this peak, the price experienced a decline in early 2020 coinciding with the global market disruptions, dropping to a low of 94.69 US$ by October 2022. Post-2022, the price showed some recovery but remained below prior peaks, fluctuating between approximately 85.96 US$ and 115.17 US$ through mid-2025.

Earnings Per Share (EPS) Dynamics

The EPS figures reveal significant oscillations, with data starting from mid-2019. Initial earnings were strong in late 2019, around 6.13 US$, but sharply decreased in early 2020, registering negative values between -2.73 US$ and -0.61 US$, reflecting operational challenges during that period. From early 2021, EPS values gradually improved, reaching a positive range consistently above 1.0 US$, and eventually increasing to 6.42 US$ by mid-2025, indicating a recovery and growth trend in profitability.

Price-to-Earnings (P/E) Ratio Patterns

The P/E ratio showed fluctuations consistent with EPS and share price movements. Early values recorded high ratios around 25, which escalated dramatically from late 2020 into 2021, reaching an exceptionally high 289.34, followed by a gradual decline to roughly 20 by mid-2025. This spike corresponds with periods of negative or low EPS, causing inflated valuation multiples. The subsequent decreases suggest normalization aligned with EPS improvements and share price adjustments.

Interrelation Between Metrics

The data indicates a strong inverse relationship between EPS declines and soaring P/E ratios, particularly during the 2020-2021 timeframe. Share price fluctuations broadly mirror EPS trends, albeit with some lag and volatility, highlighting market sensitivity to earnings performance and external economic factors during crisis periods. The eventual recovery in EPS was accompanied by moderated P/E ratios and stabilization in share price, underscoring improved investor confidence and financial health.

The share price exhibited notable fluctuations over the analyzed periods. Initially, the share price increased steadily from $112.66 at the end of 2018 to a peak of $190.91 in early 2021. Following this peak, a marked decline occurred, reaching values around the mid-to-low $80s and $90s range in late 2023 and early 2024, before showing some recovery towards $115.17 by mid-2025.

Operating profit per share showed considerable volatility and was not reported for the initial quarters. From the first reported value of $5.92, there was a gradual decline leading into early 2020, including a brief period of negative values between late 2019 and early 2021, where operating profit swung to -1.07 and further down to -2.57. After this low point, a recovery trend is visible, with operating profit per share rising steadily back above positive territory, reaching $6.67 by mid-2025.

The Price to Operating Profit ratio (P/OP) shows extreme variability, particularly around the time when operating profit per share was negative or near zero. During these intervals, the ratio skyrocketed to very high values, such as 242.78 and above 197, reflecting the distortions caused by low or negative operating profit figures. When the operating profit stabilized and improved, the P/OP ratio decreased steadily from peaks above 90 down to a range between approximately 15 to 40, indicating a relative re-valuation consistent with improved profitability.

Share Price Trend

Growth through late 2018 to early 2021, followed by volatility and decline in late 2022 through early 2024, and partial recovery by mid-2025.

Operating Profit per Share

Unreported initially; visible decline and negative values around 2019-2021, then gradual and consistent recovery through 2024 into 2025.

Price to Operating Profit Ratio (P/OP)

Extremely high and volatile during periods of negative or minimal profits; normalization and reduction alongside improving operating profit.

Insights

The financial data reflects a period of operational challenges and decreased profitability in the 2019–2021 timeframe, likely due to extraordinary factors affecting earnings. The subsequent recovery in profitability and a partial corresponding recovery in share price suggest improving business performance and investor confidence. Price multiples adjusted accordingly, with valuation metrics showing significant peaks during periods of negative operating income but trending towards lower, more stable levels as performance improved.

Share Price Trend

The share price exhibited notable volatility during the observed periods. Initially, it increased from $112.66 to a peak of $146.93 between December 2018 and September 2019. Subsequently, there was a significant decline reaching a low of $94.69 by October 2022. This decline was followed by further fluctuations, with a recovery to $111.78 by December 2022, then declining again to a recent low of $85.96 in June 2024. The last two quarters showed a partial rebound, ending at $115.17 in June 2025. Overall, the share price displayed cycles of increases and decreases, with pronounced dips around early 2020 and mid-2024.

Sales Per Share

Sales per share data commenced in June 2019, starting at $38.60, and demonstrated a mostly upward trajectory. Despite minor decreases in the second half of 2019 and early 2020, sales per share rose consistently from April 2021 onwards, increasing steadily from $32.11 to $52.58 by June 2025. This indicates sustained growth in sales on a per-share basis over the long term, reflecting either increasing revenues or effective share management, or a combination of both.

Price-to-Sales (P/S) Ratio

The P/S ratio showed significant fluctuations across the reported quarters. Initially, it was moderately stable around 3.81 in December 2019 but plummeted to 2.33 by June 2020, coinciding with the share price decline during that period. Following this dip, the ratio climbed sharply, reaching a peak of approximately 5.7 in January 2021, suggesting that the share price appreciation outpaced sales growth at that time. Subsequently, the ratio gradually declined, reflecting either slowing share price gains or accelerating sales growth, with values oscillating mostly between 1.7 and 2.5 from late 2022 up to mid-2025. The downward trend in the P/S ratio overall suggests the market valuation relative to sales became more conservative or that sales improved relative to the share price in the latter periods.

Summary and Insights

The data illustrates a company experiencing volatility in its share price, impacted possibly by external market conditions and internal performance shifts particularly noticeable around early 2020 and mid-2024. Despite share price fluctuations, the company's sales per share exhibited steady growth, indicating improving operational performance or sales efficiency. The high volatility in the P/S ratio reflects changing investor sentiment and valuation metrics over time, with an initial peak followed by a normalization phase where sales growth may have begun to catch up with market valuation. These patterns may point to periods where the market was either optimistic or cautious about growth prospects relative to sales performance.

The share price exhibited notable volatility over the reviewed periods. Initially, it increased from $112.66 to a peak of $190.91 around early 2021, reflecting a strong upward trend. This peak was followed by a general decline and some fluctuation, with prices dropping to as low as $85.96 before a moderate recovery in the most recent periods, reaching $115.17. This pattern suggests periods of high market optimism followed by corrections and stabilization phases.

Book value per share (BVPS) showed a consistent upward trend throughout the timeline. Starting at $33.75, it experienced steady growth, reaching $60.71 by the end of the period. The gradual increase in BVPS indicates an overall enhancement in the company’s net asset value on a per-share basis, reflecting potential improvements in underlying fundamentals or retained earnings accumulation.

The price-to-book value (P/BV) ratio demonstrated substantial fluctuation, influenced by both changes in share price and book value. It started at a relatively high level of 3.34 and declined to around 2.02 during early 2020, coinciding with a dip in share price while book value remained stable or increased slightly. The ratio then surged again to a peak of 4.12 in early 2021, indicating elevated market valuation relative to book value. After this peak, the P/BV ratio gradually contracted towards a range between approximately 1.5 and 2.0, suggesting a normalization in market valuation relative to book value in subsequent periods.

Share Price Trends

Initial strong upward movement culminating in early 2021, with subsequent volatility and a downward correction.

Late period shows signs of recovery but remains below peak levels observed earlier.

Book Value Per Share (BVPS) Trends

Consistent and steady increase over the entire period, indicating growth in net assets per share.

Price-to-Book (P/BV) Ratio Trends

Fluctuated significantly, peaking alongside the share price and declining as the market valuation adjusted.

Tended towards stabilization in the later periods, reflecting a more conservative valuation relative to book value.

In summary, the data reflects a company that experienced substantial market-driven share price volatility, contrasted with a steady improvement in fundamental book value per share. The valuation as measured by P/BV ratio underwent wide swings, indicative of changing investor sentiment and market conditions, before settling into a more moderate range by the end of the observation period.