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Ross Stores PE Ratio

: 22.78 (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 (2022-01-18), Ross Stores's share price is $102.27. Ross Stores's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 was $4.49. Therefore, Ross Stores's PE Ratio for today is 22.78.

Good Sign:

Ross Stores Inc stock PE Ratio (=22.78) is close to 1-year low of 22.78


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

NAS:ROST' s PE Ratio Range Over the Past 10 Years
Min: 13.63   Med: 21.49   Max: 533.13
Current: 22.78

13.63
533.13

During the past 13 years, the highest PE Ratio of Ross Stores was 533.13. The lowest was 13.63. And the median was 21.49.


NAS:ROST's PE Ratio is ranked lower than
61% of the 738 Companies
in the Retail - Cyclical industry.

( Industry Median: 17.86 vs. NAS:ROST: 22.78 )

Ross Stores's Earnings per Share (Diluted) for the three months ended in Oct. 2021 was $1.09. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 was $4.49.

As of today (2022-01-18), Ross Stores's share price is $102.27. Ross Stores's EPS without NRI for the trailing twelve months (TTM) ended in Oct. 2021 was $4.49. Therefore, Ross Stores's PE Ratio without NRI for today is 22.78.

During the past 13 years, Ross Stores's highest PE Ratio without NRI was 533.13. The lowest was 13.63. And the median was 21.49.

Ross Stores's EPS without NRI for the three months ended in Oct. 2021 was $1.09. Its EPS without NRI for the trailing twelve months (TTM) ended in Oct. 2021 was $4.49.

During the past 12 months, Ross Stores's average EPS without NRI Growth Rate was 434.50% per year. During the past 3 years, the average EPS without NRI Growth Rate was -59.30% per year. During the past 5 years, the average EPS without NRI Growth Rate was -25.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 0.80% per year.

During the past 13 years, Ross Stores's highest 3-Year average EPS without NRI Growth Rate was 47.10% per year. The lowest was -59.30% per year. And the median was 17.10% per year.

Ross Stores's EPS (Basic) for the three months ended in Oct. 2021 was $1.10. Its EPS (Basic) for the trailing twelve months (TTM) ended in Oct. 2021 was $4.52.


Ross Stores PE Ratio Historical Data

The historical data trend for Ross Stores'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.

Ross Stores 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 23.36 23.21 21.62 24.39 463.71

Ross Stores Quarterly Data
Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
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 101.39 463.71 53.66 32.54 25.21

Competitive Comparison

For the Apparel Retail subindustry, Ross Stores'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.

   

Ross Stores PE Ratio Distribution

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

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



Ross Stores 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.

Ross Stores's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=102.27/4.490
=22.78

Ross Stores's Share Price of today is $102.27.
Ross Stores's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Oct. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.49.

* 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.


Ross Stores  (NAS:ROST) 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.


Ross Stores PE Ratio Related Terms

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


Ross Stores Business Description

Ross Stores logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 448140 SIC : 5651
Address
5130 Hacienda Drive, Dublin, CA, USA, 94568-7579
Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 1,850 stores (at the end of fiscal 2020) across the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2020, 28% of sales came from home accents (including bed and bath), 23% from the ladies' department, 14% from each of men's and accessories, 12% from shoes, and 9% from children's. All sales were made in the United States.
Executives
Marquette Travis officer: GSVP, Chief Financial Officer 5130 HACIENDA DRIVE DUBLIN CA 94568
Balmuth Michael director, officer: Chairman of the Board 5130 HACIENDA DRIVE DUBLIN CA 94568
Rentler Barbara director, officer: Chief Executive Officer 5130 HACIENDA DRIVE DUBLIN CA 94568
Kobayashi Michael K officer: President, Ops. & Technology 4440 ROSEWOOD DRIVE PLESANTON CA 94588
Hartshorn Michael J. officer: Group President, COO 5130 HACIENDA DRIVE DUBLIN CA 94568
Milligan Stephen D director C/O WESTERN DIGITAL CORPORATION 5601 GREAT OAKS PARKWAY SAN JOSE CA 95119
Orban George director 5130 HACIENDA DRIVE DUBLIN CA 94568
Ferber Norman A director 5130 HACIENDA DRIVE DUBLIN CA 94568
Bush Michael J director 5130 HACIENDA DRIVE DUBLIN CA 94568
Bjorklund Gunnar K director 5130 HACIENDA DRIVE DUBLIN CA 94568
Garrett Sharon D director 5995 PLAZA DR CYPRESS CA 90630
Quesnel Gregory L director C/O POTLATCH CORPORATION 601 W. FIRST AVENUE, SUITE 1600 SPOKANE WA 99201
Renda Larree M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RENDA LARREE M 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;}
Mueller Patricia H director 2481 MANANA DRIVE DALLAS TX 75220
Fassio James S officer: President, Chief Dev. Officer 5130 HACIENDA DRIVE DUBLIN CA 94568

Ross Stores Headlines

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