P/E ratio for Best Buy (BBY)
P/E ratio as of April 2024 (TTM): 12.8
According to Best Buy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.7667. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for Best Buy from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | 22.4% |
| 2021 | 9.72 | -35.21% |
| 2020 | 15.0 | -2.24% |
| 2019 | 15.3 | 12.75% |
| 2018 | 13.6 | -19.67% |
| 2017 | 16.9 | 33.06% |
| 2016 | 12.7 | 12.11% |
| 2015 | 11.4 | -15.47% |
| 2014 | 13.4 | |
| 2012 | -2.86 | -135.15% |
| 2011 | 8.14 | -19.26% |
| 2010 | 10.1 | -31.76% |
| 2009 | 14.8 | 45.11% |
| 2008 | 10.2 | -40.03% |
| 2007 | 17.0 | -10.57% |
| 2006 | 19.0 | -5.21% |
| 2005 | 20.0 | -8.62% |
| 2004 | 21.9 | -28.61% |
| 2003 | 30.7 | 114.26% |
| 2002 | 14.3 | -62.61% |
| 2001 | 38.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 26.2 | 104.94% | 🇺🇸 USA |
 Amazon AMZN | 90.1 | 605.72% | 🇺🇸 USA |
 Voxx International
VOXX | -4.98 | -139.00% | 🇺🇸 USA |
 Conn's
CONN | -0.6714 | -105.26% | 🇺🇸 USA |
 GameStop
GME | -364 | -2,953.78% | 🇺🇸 USA |
 Aaron's AAN | 24.0 | 87.74% | 🇺🇸 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.