P/E ratio for Macy's (M)
P/E ratio as of April 2023 (TTM): 4.08
According to Macy's 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.07692. At the end of 2021 the company had a P/E ratio of 9.59.
P/E ratio history for Macy's from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.59 | -1132.28% |
| 2020 | -0.9290 | |
| 2018 | 5.39 | -51.04% |
| 2017 | 11.0 | -32.73% |
| 2016 | 16.4 | |
| 2014 | 15.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Kohl's
KSS | 6.33 | 55.19% | 🇺🇸 USA |
 Nordstrom JWN | 10.6 | 160.67% | 🇺🇸 USA |
 TJX Companies TJX | 26.0 | 537.04% | 🇺🇸 USA |
 Target TGT | 27.5 | 575.22% | 🇺🇸 USA |
 Dillard's
DDS | 6.05 | 48.42% | 🇺🇸 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.