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 |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 26.6 | 141.13% | 🇺🇸 USA |
 Amazon AMZN | -363 | -3,385.43% | 🇺🇸 USA |
 Voxx International
VOXX | -42.5 | -485.15% | 🇺🇸 USA |
 Conn's
CONN | -12.3 | -211.33% | 🇺🇸 USA |
 GameStop
GME | -13.8 | -225.15% | 🇺🇸 USA |
 Aaron's AAN | -51.2 | -563.81% | 🇺🇸 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.