P/E ratio for Macy's (M)
P/E ratio as of April 2024 (TTM): 6.79
According to Macy's 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.78623. At the end of 2022 the company had a P/E ratio of 4.20.
P/E ratio history for Macy's from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.20 | -56.23% |
| 2021 | 9.59 | -1132.28% |
| 2020 | -0.9290 | -117.1% |
| 2019 | 5.43 | 0.86% |
| 2018 | 5.39 | -51.26% |
| 2017 | 11.0 | -32.43% |
| 2016 | 16.4 | 79.5% |
| 2015 | 9.11 | -41.12% |
| 2014 | 15.5 | 3.43% |
| 2013 | 15.0 | 23.82% |
| 2012 | 12.1 | 3.99% |
| 2011 | 11.6 | -32.5% |
| 2010 | 17.2 | -1291.21% |
| 2009 | -1.44 | -122.48% |
| 2008 | 6.43 | -58.25% |
| 2007 | 15.4 | -21.65% |
| 2006 | 19.7 | 75.72% |
| 2005 | 11.2 | -24.32% |
| 2004 | 14.8 | -5.29% |
| 2003 | 15.6 | -95.12% |
| 2002 | 320 | 1837.65% |
| 2001 | 16.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kohl's
KSS | -24.4 | -459.58% | 🇺🇸 USA |
 Nordstrom JWN | 96.3 | 1,319.05% | 🇺🇸 USA |
 TJX Companies TJX | 27.6 | 307.16% | 🇺🇸 USA |
 Target TGT | 22.6 | 232.84% | 🇺🇸 USA |
 Dillard's
DDS | 9.42 | 38.85% | 🇺🇸 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.