Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Comcast Corp., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Price to earnings (P/E) 11.39 9.88 9.64 12.01 10.40 28.75 29.69 31.38 25.58 12.39 13.00 16.01 16.37 21.39 22.12 22.37 19.10 17.33 14.74 15.39
Price to operating profit (P/OP) 7.33 6.37 6.33 7.93 6.75 12.94 11.89 12.00 9.64 7.83 8.75 10.89 11.91 14.39 14.66 13.47 10.47 9.93 8.26 9.51
Price to sales (P/S) 1.36 1.23 1.22 1.52 1.30 1.55 1.40 1.39 1.14 1.43 1.55 1.95 2.08 2.45 2.49 2.28 1.89 1.89 1.58 1.84
Price to book value (P/BV) 1.95 1.79 1.80 2.24 1.91 2.22 2.04 2.08 1.72 1.90 1.97 2.36 2.48 2.81 2.80 2.61 2.29 2.39 2.11 2.43 2.61 2.64 2.60

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Comcast Corp. P/E ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Comcast Corp. P/OP ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Comcast Corp. P/S ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Comcast Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Price to Earnings (P/E)

Comcast Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 3,826,540,003 3,872,501,623 3,923,626,048 3,971,857,339 4,025,079,749 4,125,132,924 4,168,827,388 4,216,056,328 4,323,408,694 4,413,238,355 4,481,316,814 4,533,230,325 4,568,923,045 4,589,737,229 4,594,016,301 4,580,656,172 4,575,323,155 4,568,100,614 4,564,093,200 4,553,034,645 4,549,250,254 4,544,985,368 4,538,515,208
Selected Financial Data (US$)
Net income (loss) attributable to Comcast Corporation (in millions) 3,629 3,929 3,857 3,260 4,046 4,248 3,834 3,023 (4,598) 3,396 3,549 3,057 4,035 3,738 3,329 3,380 2,019 2,988 2,147 3,162 3,217 3,125 3,553
Earnings per share (EPS)2 3.84 3.90 3.93 3.87 3.76 1.58 1.36 1.27 1.25 3.18 3.21 3.12 3.17 2.72 2.55 2.30 2.25 2.52 2.55 2.87 0.00 0.00 0.00
Share price1, 3 43.67 38.51 37.87 46.54 39.15 45.35 40.27 39.97 31.97 39.41 41.70 49.99 51.90 58.11 56.40 51.45 43.06 43.67 37.63 44.14 44.84 44.61 42.93
Valuation Ratio
P/E ratio4 11.39 9.88 9.64 12.01 10.40 28.75 29.69 31.38 25.58 12.39 13.00 16.01 16.37 21.39 22.12 22.37 19.10 17.33 14.74 15.39
Benchmarks
P/E Ratio, Competitors5
Alphabet Inc. 22.87 24.49 26.05 23.89 23.76 26.82 22.64 22.47 18.32 20.58 20.32 25.74 27.53 28.90 31.05 34.65 30.70 31.99 26.52 28.96
Meta Platforms Inc. 25.80 24.48 24.47 30.97 24.92 35.58 28.51 21.10 9.01 12.84 14.91 16.44 21.80 25.93 27.69 25.89 29.65 30.73 27.83 32.31
Netflix Inc. 41.97 38.31 37.14 45.65 38.78 44.61 34.72 36.17 23.66 19.54 19.36 33.56 57.28 51.57 60.01 86.39 76.39 82.63 85.48 80.66
Walt Disney Co. 32.64 113.35 60.90 73.44 71.09 44.85 61.51 54.90 65.23 72.29 86.97 137.89 289.34 33.92 25.19 23.96

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
EPS = (Net income (loss) attributable to Comcast CorporationQ3 2024 + Net income (loss) attributable to Comcast CorporationQ2 2024 + Net income (loss) attributable to Comcast CorporationQ1 2024 + Net income (loss) attributable to Comcast CorporationQ4 2023) ÷ No. shares of common stock outstanding
= (3,629,000,000 + 3,929,000,000 + 3,857,000,000 + 3,260,000,000) ÷ 3,826,540,003 = 3.84

3 Closing price as at the filing date of Comcast Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/E ratio = Share price ÷ EPS
= 43.67 ÷ 3.84 = 11.39

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Comcast Corp. P/E ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Operating Profit (P/OP)

Comcast Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 3,826,540,003 3,872,501,623 3,923,626,048 3,971,857,339 4,025,079,749 4,125,132,924 4,168,827,388 4,216,056,328 4,323,408,694 4,413,238,355 4,481,316,814 4,533,230,325 4,568,923,045 4,589,737,229 4,594,016,301 4,580,656,172 4,575,323,155 4,568,100,614 4,564,093,200 4,553,034,645 4,549,250,254 4,544,985,368 4,538,515,208
Selected Financial Data (US$)
Operating income (loss) (in millions) 5,859 6,635 5,810 4,484 6,475 6,709 5,646 4,531 (2,426) 6,367 5,569 4,821 5,450 5,507 5,039 3,918 4,076 4,647 4,852 5,247 5,340 5,356 5,182
Operating profit per share2 5.96 6.04 5.98 5.87 5.80 3.51 3.39 3.33 3.31 5.03 4.76 4.59 4.36 4.04 3.85 3.82 4.11 4.40 4.56 4.64 0.00 0.00 0.00
Share price1, 3 43.67 38.51 37.87 46.54 39.15 45.35 40.27 39.97 31.97 39.41 41.70 49.99 51.90 58.11 56.40 51.45 43.06 43.67 37.63 44.14 44.84 44.61 42.93
Valuation Ratio
P/OP ratio4 7.33 6.37 6.33 7.93 6.75 12.94 11.89 12.00 9.64 7.83 8.75 10.89 11.91 14.39 14.66 13.47 10.47 9.93 8.26 9.51
Benchmarks
P/OP Ratio, Competitors5
Alphabet Inc. 20.51 21.92 23.24 20.92 20.13 21.93 18.38 18.01 15.62 17.97 18.39 24.86 26.82 29.02 32.10 33.85 31.47 30.75 25.72 29.05
Meta Platforms Inc. 22.96 21.42 20.99 25.90 20.16 27.97 22.11 16.91 7.39 10.83 12.68 13.84 18.71 22.67 24.49 23.10 26.06 25.90 21.96 24.90
Netflix Inc. 33.87 31.43 30.36 35.50 29.21 33.68 27.12 28.85 20.88 16.77 15.62 27.71 44.39 37.28 40.38 52.02 52.42 59.01 61.48 57.82
Walt Disney Co. 19.06 39.89 29.75 33.90 34.95 26.48 32.61 26.43 31.54 35.31 53.03 91.54 197.21 242.78 21.67 26.30 24.82

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Operating profit per share = (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ No. shares of common stock outstanding
= (5,859,000,000 + 6,635,000,000 + 5,810,000,000 + 4,484,000,000) ÷ 3,826,540,003 = 5.96

3 Closing price as at the filing date of Comcast Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 43.67 ÷ 5.96 = 7.33

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Comcast Corp. P/OP ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Sales (P/S)

Comcast Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 3,826,540,003 3,872,501,623 3,923,626,048 3,971,857,339 4,025,079,749 4,125,132,924 4,168,827,388 4,216,056,328 4,323,408,694 4,413,238,355 4,481,316,814 4,533,230,325 4,568,923,045 4,589,737,229 4,594,016,301 4,580,656,172 4,575,323,155 4,568,100,614 4,564,093,200 4,553,034,645 4,549,250,254 4,544,985,368 4,538,515,208
Selected Financial Data (US$)
Revenue (in millions) 32,070 29,688 30,058 31,253 30,115 30,513 29,691 30,552 29,849 30,016 31,010 30,336 30,298 28,546 27,205 27,708 25,532 23,715 26,609 28,398 26,827 26,858 26,859
Sales per share2 32.16 31.28 31.08 30.61 30.03 29.24 28.81 28.80 28.04 27.57 26.82 25.67 24.90 23.75 22.67 22.61 22.79 23.11 23.81 23.93 0.00 0.00 0.00
Share price1, 3 43.67 38.51 37.87 46.54 39.15 45.35 40.27 39.97 31.97 39.41 41.70 49.99 51.90 58.11 56.40 51.45 43.06 43.67 37.63 44.14 44.84 44.61 42.93
Valuation Ratio
P/S ratio4 1.36 1.23 1.22 1.52 1.30 1.55 1.40 1.39 1.14 1.43 1.55 1.95 2.08 2.45 2.49 2.28 1.89 1.89 1.58 1.84
Benchmarks
P/S Ratio, Competitors5
Alphabet Inc. 6.34 6.54 6.75 5.74 5.34 5.65 4.66 4.76 4.35 5.33 5.60 7.60 8.13 8.26 8.11 7.65 6.39 6.08 5.49 6.14
Meta Platforms Inc. 9.17 8.41 7.84 8.98 5.84 6.65 5.21 4.20 2.20 3.62 4.65 5.49 7.82 9.64 9.90 8.78 9.49 9.62 7.95 8.45
Netflix Inc. 8.69 7.49 6.84 7.32 5.36 5.90 4.57 5.14 3.79 3.21 3.19 5.78 10.10 8.21 8.55 9.54 9.00 9.79 8.91 7.47
Walt Disney Co. 1.73 2.15 2.04 1.94 1.82 2.12 2.42 2.09 2.53 2.50 3.67 4.08 5.12 5.55 5.70 4.13 3.04 2.33 3.48 3.81

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Sales per share = (RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024 + RevenueQ4 2023) ÷ No. shares of common stock outstanding
= (32,070,000,000 + 29,688,000,000 + 30,058,000,000 + 31,253,000,000) ÷ 3,826,540,003 = 32.16

3 Closing price as at the filing date of Comcast Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 43.67 ÷ 32.16 = 1.36

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Comcast Corp. P/S ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Book Value (P/BV)

Comcast Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 3,826,540,003 3,872,501,623 3,923,626,048 3,971,857,339 4,025,079,749 4,125,132,924 4,168,827,388 4,216,056,328 4,323,408,694 4,413,238,355 4,481,316,814 4,533,230,325 4,568,923,045 4,589,737,229 4,594,016,301 4,580,656,172 4,575,323,155 4,568,100,614 4,564,093,200 4,553,034,645 4,549,250,254 4,544,985,368 4,538,515,208
Selected Financial Data (US$)
Total Comcast Corporation shareholders’ equity (in millions) 85,774 83,219 82,549 82,703 82,625 84,119 82,421 80,943 80,296 91,426 94,693 96,092 95,782 94,935 92,575 90,323 86,176 83,614 81,506 82,726 78,144 76,850 74,959
Book value per share (BVPS)2 22.42 21.49 21.04 20.82 20.53 20.39 19.77 19.20 18.57 20.72 21.13 21.20 20.96 20.68 20.15 19.72 18.83 18.30 17.86 18.17 17.18 16.91 16.52
Share price1, 3 43.67 38.51 37.87 46.54 39.15 45.35 40.27 39.97 31.97 39.41 41.70 49.99 51.90 58.11 56.40 51.45 43.06 43.67 37.63 44.14 44.84 44.61 42.93
Valuation Ratio
P/BV ratio4 1.95 1.79 1.80 2.24 1.91 2.22 2.04 2.08 1.72 1.90 1.97 2.36 2.48 2.81 2.80 2.61 2.29 2.39 2.11 2.43 2.61 2.64 2.60
Benchmarks
P/BV Ratio, Competitors5
Alphabet Inc. 6.86 7.14 7.33 6.22 5.80 6.12 5.08 5.26 4.84 5.80 5.96 7.78 7.95 7.66 6.93 6.27 5.15 4.87 4.50 4.94 4.47 4.51 4.50
Meta Platforms Inc. 8.71 8.03 7.49 7.91 5.19 5.98 4.90 3.89 2.09 3.43 4.52 5.18 6.59 7.31 6.99 5.88 6.37 6.54 5.54 5.91 5.81 6.45 6.38
Netflix Inc. 14.37 12.29 11.19 11.99 7.94 8.30 6.68 7.82 5.81 5.22 5.53 10.83 18.89 16.34 17.51 21.56 20.75 23.74 22.69 19.86 17.58 22.60 27.62
Walt Disney Co. 1.55 1.94 1.81 1.74 1.64 1.89 2.12 1.82 2.22 2.11 2.98 3.11 3.76 3.79 4.12 3.23 2.47 2.02 2.91 2.98 2.82 2.70 3.34

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
BVPS = Total Comcast Corporation shareholders’ equity ÷ No. shares of common stock outstanding
= 85,774,000,000 ÷ 3,826,540,003 = 22.42

3 Closing price as at the filing date of Comcast Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 43.67 ÷ 22.42 = 1.95

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Comcast Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.