Best Buy
BBY
#1079
Rank
$16.78 B
Marketcap
$77.92
Share price
-3.66%
Change (1 day)
-3.55%
Change (1 year)

P/E ratio for Best Buy (BBY)

P/E ratio as of March 2024 (TTM): 13.9

According to Best Buy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8731. 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
202211.922.4%
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
2012-2.86-135.15%
20118.14-19.26%
201010.1-31.76%
200914.845.11%
200810.2-40.03%
200717.0-10.57%
200619.0-5.21%
200520.0-8.62%
200421.9-28.61%
200330.7114.26%
200214.3-62.61%
200138.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
28.0 101.68%๐Ÿ‡บ๐Ÿ‡ธ USA
90.2 550.06%๐Ÿ‡บ๐Ÿ‡ธ USA
-6.03-143.45%๐Ÿ‡บ๐Ÿ‡ธ USA
-0.7065-105.09%๐Ÿ‡บ๐Ÿ‡ธ USA
-43.2-411.70%๐Ÿ‡บ๐Ÿ‡ธ USA
25.0 80.20%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.