What is the price-to-earnings ratio of Best Buy Co?
The price-earnings ratio of Best Buy Co is currently 12.91.
Best Buy Co P/E 2024
Best Buy Co P/E
12.91
Best Buy Co Dividend yield
1.28 %
Ticker
BBY
ISIN
US0865161014
WKN
873629
As of May 20, 2024, Best Buy Co's P/E ratio was 12.91, a 11.2% change from the 11.61 P/E ratio recorded in the previous year.
The Best Buy Co P/E history
Best Buy Co Aktienanalyse
What does Best Buy Co do?
Best Buy Co. Inc. is a multinational retailer of consumer electronics, computers, and household appliances headquartered in Richfield, Minnesota, USA. The company was founded in 1966 by Richard M. Schulze and his business partners under the name Sound of Music. Initially, the company specialized in selling audio products and had only one store in St. Paul, Minnesota. In 1983, Schulze renamed the company to Best Buy and opened the first Best Buy Superstore in Burnsville, Minnesota. The Superstore offered a wide selection of electronics products at affordable prices, which quickly proved to be a successful formula. In the 1990s, Best Buy expanded throughout the United States and also opened stores in Canada and Mexico. Today, Best Buy is one of the largest retailers of electronics worldwide. Best Buy's business model is based on selling electronics products and services in large retail stores. Best Buy offers a wide range of products, including computers, tablets, smartphones, TVs, household appliances, cameras, video games, and more. Additionally, the company also provides services such as repairs, installations, and maintenance services for the products sold. Best Buy is divided into various business segments, all of which contribute to making the company profitable. The largest division is the Consumer Electronics Group, which is primarily responsible for the sale of electronics products such as TVs, audio devices, computer hardware, and consumer goods such as smartphones and tablets. The Home Appliances Group focuses on the sale of household appliances such as refrigerators, ovens, washing machines, and dryers. The Entertainment Group sells video games, music, and movies. Best Buy also has a digital division that deals with the online sale of products and services. An important feature of the Best Buy business model is its commitment to customer service. In recent years, Best Buy has invested in training and employee development to ensure that its staff can assist customers in selecting, purchasing, and using the products. The company has also built an online community that allows customers to exchange ideas and provide feedback. In addition to selling electronics products, Best Buy also carries a range of private label brands. These include Insignia and Rocketfish, which offer electronics products such as TVs, speakers, and phone cases. Furthermore, the company also offers its own brands for computers and household appliances, including Dynex and Amana. Overall, Best Buy has undergone an impressive development in recent decades. The company has evolved from a small audio store in Minnesota to become one of the largest retailers of consumer electronics globally. Despite increasing competition from online retailers and discount stores, Best Buy has been able to remain competitive and strengthen its presence in both the retail business and the online community. Best Buy Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.P/E Details
Deciphering Best Buy Co's P/E Ratio
The Price to Earnings (P/E) Ratio of Best Buy Co is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Best Buy Co's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Best Buy Co is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Best Buy Co’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Best Buy Co Stock
How has the price-earnings ratio of Best Buy Co changed compared to last year?
The price-to-earnings ratio of Best Buy Co has increased by 11.2% increased compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Best Buy Co high compared to other companies?
Yes, the price-to-earnings ratio of Best Buy Co is high compared to other companies.
How does an increase in the price-earnings ratio of Best Buy Co affect the company?
An increase in the price-earnings ratio of Best Buy Co would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Best Buy Co affect the company?
A decrease in the price-earnings ratio of Best Buy Co would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Best Buy Co?
Some factors that influence the price-earnings ratio of Best Buy Co are the company's growth, financial position, industry development, and the overall economic situation.
How much dividend does Best Buy Co pay?
Over the past 12 months, Best Buy Co paid a dividend of 0.94 USD . This corresponds to a dividend yield of about 1.28 %. For the coming 12 months, Best Buy Co is expected to pay a dividend of 1.42 USD.
What is the dividend yield of Best Buy Co?
The current dividend yield of Best Buy Co is 1.28 %.
When does Best Buy Co pay dividends?
Best Buy Co pays a quarterly dividend. This is distributed in the months of July, October, January, April.
How secure is the dividend of Best Buy Co?
Best Buy Co paid dividends every year for the past 0 years.
What is the dividend of Best Buy Co?
For the upcoming 12 months, dividends amounting to 1.42 USD are expected. This corresponds to a dividend yield of 1.93 %.
In which sector is Best Buy Co located?
Best Buy Co is assigned to the 'Cyclical consumption' sector.
Wann musste ich die Aktien von Best Buy Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Best Buy Co from 4/11/2024 amounting to 0.94 USD, you needed to have the stock in your portfolio before the ex-date on 3/20/2024.
When did Best Buy Co pay the last dividend?
The last dividend was paid out on 4/11/2024.
What was the dividend of Best Buy Co in the year 2023?
In the year 2023, Best Buy Co distributed 3.68 USD as dividends.
In which currency does Best Buy Co pay out the dividend?
The dividends of Best Buy Co are distributed in USD.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Best Buy Co
Our stock analysis for Best Buy Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Best Buy Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
