GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Western Digital Corp (NAS:WDC) » Definitions » PE Ratio (TTM)

Western Digital (Western Digital) PE Ratio (TTM) : At Loss (As of Jul. 23, 2024)


View and export this data going back to 1991. Start your Free Trial

What is Western Digital PE Ratio (TTM)?

The PE Ratio (TTM), 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 (2024-07-23), Western Digital's share price is $72.96. Western Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.03. Therefore, Western Digital's PE Ratio (TTM) for today is At Loss.


The historical rank and industry rank for Western Digital's PE Ratio (TTM) or its related term are showing as below:

WDC' s PE Ratio (TTM) Range Over the Past 10 Years
Min: At Loss   Med: 17.34   Max: 155.05
Current: At Loss


During the past 13 years, the highest PE Ratio (TTM) of Western Digital was 155.05. The lowest was 0.00. And the median was 17.34.


WDC's PE Ratio (TTM) is ranked worse than
100% of 1602 companies
in the Hardware industry
Industry Median: 23.235 vs WDC: At Loss

Western Digital's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $0.34. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.03.

As of today (2024-07-23), Western Digital's share price is $72.96. Western Digital's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.02. Therefore, Western Digital's PE Ratio without NRI for today is At Loss.

During the past 13 years, Western Digital's highest PE Ratio without NRI was 74.29. The lowest was 0.00. And the median was 13.25.

Western Digital's EPS without NRI for the three months ended in Mar. 2024 was $0.41. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2024 was $-4.02.

During the past 3 years, the average EPS without NRI Growth Rate was -67.60% per year.

During the past 13 years, Western Digital's highest 3-Year average EPS without NRI Growth Rate was 64.90% per year. The lowest was -67.60% per year. And the median was 12.80% per year.

Western Digital's EPS (Basic) for the three months ended in Mar. 2024 was $0.35. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2024 was $-5.02.


Western Digital PE Ratio (TTM) Historical Data

The historical data trend for Western Digital's PE Ratio (TTM) 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.

Western Digital PE Ratio (TTM) Chart

Western Digital Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only At Loss At Loss 26.76 9.44 At Loss

Western Digital Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PE Ratio (TTM) Get a 7-Day Free Trial 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 At Loss

Competitive Comparison of Western Digital's PE Ratio (TTM)

For the Computer Hardware subindustry, Western Digital's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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.


Western Digital's PE Ratio (TTM) Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Western Digital's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where Western Digital's PE Ratio (TTM) falls into.



Western Digital PE Ratio (TTM) Calculation

The PE Ratio (TTM), 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.

Western Digital's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=72.96/-5.030
=At Loss

Western Digital's Share Price of today is $72.96.
Western Digital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.03.

* 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:

PE Ratio (TTM)=Market Cap /Net Income

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

In the calculation of PE Ratio (TTM), 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.


Western Digital  (NAS:WDC) PE Ratio (TTM) Explanation

The PE Ratio (TTM) 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 (TTM) 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 (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) 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 (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) 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 (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) 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 (TTM) 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 (TTM) 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 Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) 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 (TTM).


Western Digital PE Ratio (TTM) Related Terms

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


Western Digital (Western Digital) Business Description

Address
5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Executives
Robert Soderbery officer: EVP & GM, Flash Business C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Gene M. Zamiska officer: Principal Accounting Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Reed B Rayman director 6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
David Goeckeler director, officer: Chief Executive Officer C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Wissam G Jabre officer: EVP & CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Paula A Price director ONE CVS DRIVE, WOONSOCKET RI 02895
Miyuki Suzuki director C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Thomas Caulfield director C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Lori S Sundberg officer: EVP & Chief Human Res Officer 400 NORTH FIFTH STREET, PHOENIX AZ 85004
Michael Charles Ray officer: Sr. VP, Gen Cnsl & Secretary C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Sean Hunkler officer: EVP, Global Operations C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Michael D Cordano officer: President, HGST Subsidiary C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Stephen D Milligan officer: Sr. V.P. & CFO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Matthew E Massengill director, officer: Chairman and CEO C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert K Eulau officer: EVP & CFO 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119