Best Buy
BBY
#990
Rank
$16.62 B
Marketcap
$74.44
Share price
-0.21%
Change (1 day)
-23.05%
Change (1 year)

P/E ratio for Best Buy (BBY)

P/E ratio as of March 2023 (TTM): 11.0

According to Best Buy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0438. At the end of 2021 the company had a P/E ratio of 9.72.

P/E ratio history for Best Buy from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20219.72-35.21%
202015.0-2.24%
201915.312.75%
201813.6-19.67%
201716.933.06%
201612.712.11%
201511.4-15.47%
201413.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
26.6 141.13%๐Ÿ‡บ๐Ÿ‡ธ USA
-363-3,385.43%๐Ÿ‡บ๐Ÿ‡ธ USA
-42.5-485.15%๐Ÿ‡บ๐Ÿ‡ธ USA
-12.3-211.33%๐Ÿ‡บ๐Ÿ‡ธ USA
-13.8-225.15%๐Ÿ‡บ๐Ÿ‡ธ USA
-51.2-563.81%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.