Stock Analysis on Net

Bed Bath & Beyond Inc. (NASDAQ:BBBY)

$22.49

This company has been moved to the archive! The financial data has not been updated since September 30, 2022.

Common Stock Valuation Ratios (Price Multiples)

Microsoft Excel

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Current Valuation Ratios

Bed Bath & Beyond Inc., current price multiples

Microsoft Excel
Bed Bath & Beyond Inc. Amazon.com Inc. Home Depot Inc. Lowe’s Cos. Inc. TJX Cos. Inc. Consumer Discretionary Distribution & Retail Consumer Discretionary
Selected Financial Data
Current share price (P)
No. shares of common stock outstanding
 
Earnings per share (EPS)
Operating profit per share
Sales per share
Book value per share (BVPS)
Valuation Ratios (Price Multiples)
Price to sales (P/S)
Price to book value (P/BV)

Based on: 10-K (reporting date: 2022-02-26).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Bed Bath & Beyond Inc., historical price multiples

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
Price to earnings (P/E)
Price to operating profit (P/OP)
Price to sales (P/S)
Price to book value (P/BV)

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).


Price to Earnings (P/E) Ratio
The Price to Earnings ratio shows a declining trend from 8.34 in February 2017 to 5.78 in March 2018. Data for subsequent years is not available, which limits a full assessment of the P/E trend over the entire period.
Price to Operating Profit (P/OP) Ratio
This ratio decreases significantly from 5.03 in February 2017 to 3.23 in March 2018, with no data available for later years. The initial decline suggests potential increasing profitability or price adjustment relative to operating profit during that time frame.
Price to Sales (P/S) Ratio

The Price to Sales ratio declines consistently from 0.47 in February 2017 to a low of 0.07 in February 2020, indicating that the market was valuing sales increasingly lower during this period. After 2020, the ratio rises to 0.31 in February 2021 but falls again to 0.17 in February 2022. This fluctuation could reflect changes in market perception of sales quality or shifts in sales volume and pricing power.

Price to Book Value (P/BV) Ratio

The Price to Book Value ratio initially decreases from 2.1 in February 2017 to 0.85 in March 2018 and remains relatively stable at 0.86 in March 2019. It then falls further to 0.47 in February 2020, suggesting the book value exceeded the market price significantly by that year. Notably, the ratio increases sharply to 2.26 in February 2021 and surges further to 7.49 in February 2022. This sharp increase may indicate either a significant rise in market valuation relative to book value or deterioration in book value, influenced by factors such as asset write-downs or changes in market expectations.


Price to Earnings (P/E)

Bed Bath & Beyond Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
No. shares of common stock outstanding1
Selected Financial Data (US$)
Net earnings (loss) (in thousands)
Earnings per share (EPS)2
Share price1, 3
Valuation Ratio
P/E ratio4
Benchmarks
P/E Ratio, Competitors5
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.
P/E Ratio, Sector
Consumer Discretionary Distribution & Retail
P/E Ratio, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
EPS = Net earnings (loss) ÷ No. shares of common stock outstanding
= ÷ =

3 Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.

4 2022 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =

5 Click competitor name to see calculations.


Share Price
The share price exhibited a sharp decline from $39.36 in February 2017 to $6.59 by February 2020. An isolated recovery occurred in 2021 with the price rising to $26.42, followed by another decline to $16.34 in 2022. This pattern indicates significant volatility and a general downward trend in market valuation over the period analyzed.
Earnings Per Share (EPS)
EPS demonstrated a declining trend, starting at $4.72 in 2017 and decreasing to $3.03 in 2018. From 2019 onward, EPS turned negative, worsening from -$1.04 to -$7.01 by 2022. This consistent deterioration in earnings reflects increasing losses and challenges in profitability throughout the timeframe.
Price to Earnings (P/E) Ratio
The P/E ratio decreased from 8.34 in 2017 to 5.78 in 2018. There are no available P/E data points beyond 2018, likely due to the negative earnings reported from 2019 forward, which generally precludes calculation of meaningful P/E ratios. The early decline in P/E combined with subsequent negative earnings suggests deteriorating investor expectations and financial performance.

Price to Operating Profit (P/OP)

Bed Bath & Beyond Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
No. shares of common stock outstanding1
Selected Financial Data (US$)
Operating profit (loss) (in thousands)
Operating profit per share2
Share price1, 3
Valuation Ratio
P/OP ratio4
Benchmarks
P/OP Ratio, Competitors5
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.
P/OP Ratio, Sector
Consumer Discretionary Distribution & Retail
P/OP Ratio, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
Operating profit per share = Operating profit (loss) ÷ No. shares of common stock outstanding
= ÷ =

3 Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.

4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =

5 Click competitor name to see calculations.


Share Price Trend
The share price exhibited a general downward trajectory over the analyzed period. Beginning at $39.36 in February 2017, the price significantly declined to $17.5 by March 2018, followed by a slight decrease to $16.71 in March 2019. The decline accelerated further in 2020, reaching a low of $6.59. Interestingly, an uptick occurred in 2021 with the share price rebounding to $26.42 before declining again to $16.34 in 2022. This pattern suggests volatility with a pronounced dip around 2020, partially recovering the subsequent year.
Operating Profit Per Share
The operating profit per share demonstrated a negative trend over the period. Initially positive at $7.82 in 2017, it decreased steadily to $5.43 in 2018. The metric turned negative in 2019 (-$0.66) and continued to deteriorate markedly through 2020 (-$5.53) and 2021 (-$3.09), registering a slight worsening again in 2022 (-$5.10). This consistent decline indicates operational challenges impacting profitability on a per-share basis.
Price to Operating Profit Ratio (P/OP)
Available data for the P/OP ratio shows a decrease from 5.03 in 2017 to 3.23 in 2018, with values not reported for later years. The initial decline in this ratio could indicate that the share price dropped at a faster rate than operating profit per share or that market expectations were adjusting. However, incomplete data limits a comprehensive trend analysis for this ratio beyond 2018.
Overall Insights
The company faced significant financial pressures as reflected by the declining operating profit per share turning increasingly negative from 2019 onward. Share price movements correspond broadly with these operational challenges, exhibiting depreciation with some recovery attempts. The data implies that the firm struggled to generate positive operating earnings, which likely influenced investor sentiment and valuation metrics. The volatility and downturn in both profitability and share value highlight a period of financial distress and uncertainty.

Price to Sales (P/S)

Bed Bath & Beyond Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
No. shares of common stock outstanding1
Selected Financial Data (US$)
Net sales (in thousands)
Sales per share2
Share price1, 3
Valuation Ratio
P/S ratio4
Benchmarks
P/S Ratio, Competitors5
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.
P/S Ratio, Sector
Consumer Discretionary Distribution & Retail
P/S Ratio, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= ÷ =

3 Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.

4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =

5 Click competitor name to see calculations.


Share Price Trend
The share price experienced significant volatility over the analyzed period. It started at $39.36 in early 2017, then saw a notable decline over the next three years, reaching a low of $6.59 in early 2020. This represents a substantial decrease, indicating challenges or negative market sentiment. Despite this low point, the share price partially recovered to $26.42 in 2021, before declining again to $16.34 in early 2022.
Sales Per Share Trend
Sales per share displayed relative stability with a mild upward trend. Beginning at $84.16 in early 2017, it gradually increased, reaching $91.07 in early 2019. A slight dip occurred in 2020 and 2021, with values around $88.17 and $84.61 respectively, but sales per share rose again sharply to $98.54 in early 2022, marking the highest value in the period. This indicates an overall improvement in revenue generation per share.
Price to Sales (P/S) Ratio Trend
The P/S ratio showed a continuous downward trend, starting from 0.47 in 2017 and declining significantly to a low of 0.07 in 2020. Although there was a partial rebound to 0.31 in 2021, it decreased again to 0.17 in 2022. This ratio reflects the market valuation relative to sales, implying that despite generally stable or increasing sales per share, the market valued the company's sales at a much lower multiple over time. The low P/S ratios in 2020 and 2022 suggest investor caution or skepticism regarding the company’s future sales growth or profitability.
Overall Observations
The data indicates a company facing significant market valuation challenges as reflected in the share price and P/S ratio, despite relatively stable and eventually increasing sales per share. The disconnection between improving sales per share and declining market valuation ratios may suggest market concerns related to profitability, operational risks, or broader industry conditions impacting investor confidence.

Price to Book Value (P/BV)

Bed Bath & Beyond Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Feb 26, 2022 Feb 27, 2021 Feb 29, 2020 Mar 2, 2019 Mar 3, 2018 Feb 25, 2017
No. shares of common stock outstanding1
Selected Financial Data (US$)
Shareholders’ equity (in thousands)
Book value per share (BVPS)2
Share price1, 3
Valuation Ratio
P/BV ratio4
Benchmarks
P/BV Ratio, Competitors5
Amazon.com Inc.
Home Depot Inc.
Lowe’s Cos. Inc.
TJX Cos. Inc.
P/BV Ratio, Sector
Consumer Discretionary Distribution & Retail
P/BV Ratio, Industry
Consumer Discretionary

Based on: 10-K (reporting date: 2022-02-26), 10-K (reporting date: 2021-02-27), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-03-02), 10-K (reporting date: 2018-03-03), 10-K (reporting date: 2017-02-25).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= ÷ =

3 Closing price as at the filing date of Bed Bath & Beyond Inc. Annual Report.

4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =

5 Click competitor name to see calculations.


Share Price
The share price exhibited a significant downward trend from US$39.36 in early 2017 to a low of US$6.59 in early 2020. Following this low point, the price experienced some recovery, rising to US$26.42 in early 2021 before declining again to US$16.34 in early 2022.
Book Value Per Share (BVPS)
Book value per share decreased steadily over the period analyzed. It started at US$18.73 in early 2017 and remained relatively stable through 2019, with minor fluctuations. However, a notable decline occurred from 2020 onward, falling from US$13.95 to US$11.7 in early 2021, and then sharply dropping to US$2.18 by early 2022.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio moved inversely to the BVPS, beginning at a relatively high level of 2.1 in early 2017 and decreasing steadily to 0.47 by 2020. This low ratio indicates that the market value was significantly below the book value at that point. In 2021, the ratio sharply increased to 2.26 and further to 7.49 in 2022, signifying that the market price was increasingly valued much higher relative to the book value per share, reflecting potentially elevated market expectations or undervaluation issues surrounding the book value.
Overall Analysis
The downward trend in book value per share over the years suggests a gradual erosion of the company's net asset value on a per-share basis. The share price trends demonstrate volatility with an initial sharp decline until 2020, followed by partial recovery and then further decline. The dramatic increase in the P/BV ratio in the last two years, despite the falling book value, indicates a divergence between market perception and the accounting value of the company, possibly reflecting changes in investor sentiment, expected future performance, or structural shifts in the market environment for the company.