Question 1

What is Best Buy Co.'s P/E ratio?

Accepted Answer

Best Buy Co. (BBY) P/E ratio is 16.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Best Buy Co.?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Best Buy Co. specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is Best Buy Co.'s P/E ratio high or low?

Accepted Answer

Best Buy Co.'s P/E ratio of 16.1× is above its own 5-year average of 13.6× and below the sector median of 21.7×. That places the current reading at the 80th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Best Buy Co.'s historical P/E ratio range?

Accepted Answer

In the available daily series, Best Buy Co. (BBY) P/E ratio has ranged from a low of 6.8× in 2022 to a high of 42.9× in 2003. The 5-year average is 13.6× and the 5-year median is 12.9×.

Question 7

What was Best Buy Co.'s P/E ratio in 2026?

Accepted Answer

Best Buy Co. (BBY) P/E ratio at the end of 2026 was 12.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Best Buy Co.'s P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$13.7B	$1.07B	12.8×	-6.9×	Jan 31, 2026
2025	$18.3B	$927M	19.8×	+6.6×	Feb 1, 2025
2024	$16.3B	$1.24B	13.2×	-0.1×	Feb 3, 2024
2023	$18.8B	$1.42B	13.3×	+3.8×	Jan 28, 2023
2022	$23.1B	$2.45B	9.4×	-6.3×	Jan 29, 2022
2021	$28.2B	$1.8B	15.7×	+1.4×	Jan 30, 2021
2020	$22B	$1.54B	14.3×	+3.5×	Feb 1, 2020
2019	$15.7B	$1.46B	10.7×	-9.9×	Feb 2, 2019
2018	$20.7B	$1B	20.7×	+9.6×	Feb 3, 2018
2017	$13.6B	$1.23B	11.1×	+0.5×	Jan 28, 2017
2016	$9.48B	$897M	10.6×	+0.5×	Jan 30, 2016
2015	$12.4B	$1.23B	10.0×	-5.3×	Jan 31, 2015
2014	$8.15B	$532M	15.3×	—	Feb 1, 2014
2013	$5.45B	-$543M	—	—	Feb 2, 2013
2012	$8.32B	-$1.23B	—	—	Mar 3, 2012
2011	$12.5B	$1.28B	9.8×	-1.8×	Feb 26, 2011
2010	$15.3B	$1.32B	11.6×	-0.3×	Feb 27, 2010
2009	$12B	$1B	11.9×	-0.6×	Feb 28, 2009
2008	$17.7B	$1.41B	12.6×	-3.5×	Mar 1, 2008
2007	$22.2B	$1.38B	16.1×	-6.9×	Mar 3, 2007
2006	$26.2B	$1.14B	23.0×	+5.8×	Feb 25, 2006
2005	$16.9B	$984M	17.2×	-7.2×	Feb 26, 2005
2004	$17.3B	$707M	24.4×	+3.5×	Feb 28, 2004
2003	$9.36B	$447M	20.9×	—	Mar 1, 2003


Ulta Beauty (ULTA)	19.6×
Avery Dennison (AVY)	19.3×
Darden Restaurants (DRI)	19.1×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Domino's Pizza (DPZ)	17.7×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
GameStop (GME)	15.6×
D.R. Horton (DHI)	15.3×
Norwegian Cruise Line (NCLH)	15.0×
Hasbro (HAS)	15.0×
NVR (NVR)	14.8×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Deckers Outdoor (DECK)	13.8×
Lennar (LEN)	13.5×
Weyco Group (WEYS)	12.8×
Carnival Corporation (CCL)	12.4×
KB Home (KBH)	11.7×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×

P/E Ratio for Best Buy Co. (BBY) 2003-2026

P/E Ratio daily chart for Best Buy Co. (BBY)

Historical P/E Ratio for Best Buy Co. (BBY) from 2003 to 2026

About P/E Ratio at Best Buy Co. (BBY)

Best Buy Co. P/E Ratio by Year

Best Buy Co. P/E Ratio 2026: 12.8×

Best Buy Co. P/E Ratio 2025: 19.8×

Best Buy Co. P/E Ratio 2024: 13.2×

Best Buy Co. P/E Ratio 2023: 13.3×

Best Buy Co. P/E Ratio 2022: 9.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Best Buy Co. (BBY) Key Financials