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Macy's PE Ratio

: 14.93 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2021-10-16), Macy's's share price is $24.04. Macy's's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2021 was $1.61. Therefore, Macy's's PE Ratio for today is 14.93.


The historical rank and industry rank for Macy's's PE Ratio or its related term are showing as below:

NYSE:M' s PE Ratio Range Over the Past 10 Years
Min: 3.04   Med: 12.32   Max: 20.25
Current: 14.93

3.04
20.25

During the past 13 years, the highest PE Ratio of Macy's was 20.25. The lowest was 3.04. And the median was 12.32.


NYSE:M's PE Ratio is ranked higher than
91% of the 146 Companies
in the Retail - Cyclical industry.

( Industry Median: 21.00 vs. NYSE:M: 14.93 )

Macy's's Earnings per Share (Diluted) for the three months ended in Jul. 2021 was $1.08. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2021 was $1.61.

As of today (2021-10-16), Macy's's share price is $24.04. Macy's's EPS without NRI for the trailing twelve months (TTM) ended in Jul. 2021 was $1.61. Therefore, Macy's's PE Ratio without NRI for today is 14.93.

During the past 13 years, Macy's's highest PE Ratio without NRI was 20.25. The lowest was 3.04. And the median was 12.32.

Macy's's EPS without NRI for the three months ended in Jul. 2021 was $1.08. Its EPS without NRI for the trailing twelve months (TTM) ended in Jul. 2021 was $1.61.

During the past 13 years, Macy's's highest 3-Year average EPS without NRI Growth Rate was 98.70% per year. The lowest was -31.10% per year. And the median was 1.40% per year.

Macy's's EPS (Basic) for the three months ended in Jul. 2021 was $1.11. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jul. 2021 was $1.66.


Macy's PE Ratio Historical Data

The historical data trend for Macy's's PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macy's Annual Data
Trend Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.62 5.09 7.39 8.81 At Loss

Macy's Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only At Loss At Loss At Loss At Loss 10.56

Competitive Comparison

For the Department Stores subindustry, Macy's's PE Ratio, along with its competitors' market caps and PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Macy's PE Ratio Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's PE Ratio distribution charts can be found below:

* The bar in red indicates where Macy's's PE Ratio falls into.



Macy's PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Macy's's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=24.04/1.610
=14.93

Macy's's Share Price of today is $24.04.
Macy's's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.61.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Macy's  (NYSE:M) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Macy's PE Ratio Related Terms

Thank you for viewing the detailed overview of Macy's's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Macy's Business Description

Macy's logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 448190 SIC : 5311
Address
151 West 34th Street, New York, NY, USA, 10001
Founded in 1858, Macy's operates nearly 600 stores under the Macy's brand, 55 stores under the Bloomingdale's brand, and about 162 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites, owns 65% of a Chinese e-commerce joint venture, and licenses two Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances constituted 58% of Macy's 2020 sales. The retailer recently consolidated its headquarters in New York City.
Executives
Hale Leslie D. director 3 BETHESDA METRO CENTER SUITE 1000 BETHESDA MD 20814
Roche Joyce M director 2 FLOWING WELLS LANE SAVANNAH GA 31411
Lenehan William H director 2784 UNION STREET APT 1 SAN FRANCISCO CA 94123
Whittington Marna C director 2959 BARLEY MILL ROAD YORKLYN DE 19736
Garcia C Elisa D officer: CLO & Secretary 151 WEST 34TH STREET NEW YORK NY 10001
Abney David P director UNITED PARCEL SERVICE OF AMERIC 55 GLENLAKE PARWAY NE ATLANTA GA 30328
Connelly Deirdre P director C/O GLAXOSMITHKLINE FIVE CRESCENT DRIVE PHILADELPHIA PA 19112-1001
Levinson Sara director 45 EAST 85TH STREET, #4D NEW YORK NY 10028
Blake Francis S director 2455 PACES FERRY RD ATLANTA GA 30339
Boone Torrence director 3308 N MITTHOEFFER INDIANAPOLIS IN 46235
Bryant John A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BRYANT JOHN A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Varga Paul C director 850 DIXIE HIGHWAY LOUISVILLE KY 40210
Lawton Iii Harry A officer: President C/O EBAY INC. 2065 SAN JOSE CA 95125
Price Paula A officer: Chief Financial Officer ONE CVS DRIVE WOONSOCKET RI 02895
Macfarlane Justin S officer: Chief Strat/Analyt/Innov Ofc C/O ASCENA RETAIL GROUP, INC. 933 MACARTHUR BOULEVARD MAHWAH NJ 07430

Macy's Headlines

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