Common Stock Valuation Ratios (Price Multiples)
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Current Valuation Ratios
Constellation Brands Inc., current price multiples
| Constellation Brands Inc. | Altria Group Inc. | Coca-Cola Co. | PepsiCo Inc. | Philip Morris International Inc. | Food, Beverage & Tobacco | Consumer Staples | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||
| Current share price (P) | $208.68 | |||||||||
| No. shares of common stock outstanding | 184,550,904 | |||||||||
| Earnings per share (EPS) | $-0.22 | |||||||||
| Operating profit per share | $12.63 | |||||||||
| Sales per share | $47.80 | |||||||||
| Book value per share (BVPS) | $63.57 | |||||||||
| Valuation Ratios (Price Multiples) | ||||||||||
| Price to operating profit (P/OP) | 16.52 | 8.22 | 23.99 | 18.17 | 17.54 | 16.89 | 21.52 | |||
| Price to sales (P/S) | 4.37 | 3.88 | 5.93 | 2.38 | 5.76 | 4.22 | 1.98 | |||
| Price to book value (P/BV) | 3.28 | — | 10.46 | 11.77 | — | 27.78 | 11.99 | |||
Based on: 10-K (reporting date: 2022-02-28).
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)
Constellation Brands Inc., historical price multiples
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
| 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. | Constellation Brands Inc. P/OP ratio increased from 2020 to 2021 and from 2021 to 2022. |
| 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. | Constellation Brands Inc. P/S ratio increased from 2020 to 2021 and from 2021 to 2022. |
| 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. | Constellation Brands Inc. P/BV ratio increased from 2020 to 2021 and from 2021 to 2022. |
Price to Earnings (P/E)
Constellation Brands Inc., historical P/E calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 188,217,466 | 194,027,715 | 192,840,856 | 191,349,811 | 191,391,478 | 194,800,645 | |
| Selected Financial Data (US$) | |||||||
| Net income (loss) attributable to CBI (in thousands) | (40,400) | 1,998,000) | (11,800) | 3,435,900) | 2,318,900) | 1,535,100) | |
| Earnings per share (EPS)2 | -0.21 | 10.30 | -0.06 | 17.96 | 12.12 | 7.88 | |
| Share price1, 3 | 254.21 | 238.31 | 153.02 | 207.48 | 228.26 | 171.06 | |
| Valuation Ratio | |||||||
| P/E ratio4 | — | 23.14 | — | 11.55 | 18.84 | 21.71 | |
| Benchmarks | |||||||
| P/E Ratio, Competitors5 | |||||||
| Altria Group Inc. | 14.42 | 37.80 | 18.14 | — | — | — | |
| Coca-Cola Co. | 27.12 | 27.63 | 27.91 | 28.21 | — | — | |
| PepsiCo Inc. | 26.71 | 30.58 | 26.15 | 27.83 | — | — | |
| Philip Morris International Inc. | 17.54 | 18.37 | 16.55 | 18.94 | — | — | |
| P/E Ratio, Sector | |||||||
| Food, Beverage & Tobacco | 22.20 | 26.36 | 22.52 | 30.29 | — | — | |
| P/E Ratio, Industry | |||||||
| Consumer Staples | 24.15 | 26.41 | 23.72 | 35.36 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
EPS = Net income (loss) attributable to CBI ÷ No. shares of common stock outstanding
= -40,400,000 ÷ 188,217,466 = -0.21
3 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
4 2022 Calculation
P/E ratio = Share price ÷ EPS
= 254.21 ÷ -0.21 = —
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Constellation Brands Inc., historical P/OP calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 188,217,466 | 194,027,715 | 192,840,856 | 191,349,811 | 191,391,478 | 194,800,645 | |
| Selected Financial Data (US$) | |||||||
| Operating income (in thousands) | 2,331,700) | 2,791,100) | 2,154,500) | 2,412,200) | 2,284,500) | 2,399,400) | |
| Operating profit per share2 | 12.39 | 14.39 | 11.17 | 12.61 | 11.94 | 12.32 | |
| Share price1, 3 | 254.21 | 238.31 | 153.02 | 207.48 | 228.26 | 171.06 | |
| Valuation Ratio | |||||||
| P/OP ratio4 | 20.52 | 16.57 | 13.70 | 16.46 | 19.12 | 13.89 | |
| Benchmarks | |||||||
| P/OP Ratio, Competitors5 | |||||||
| Altria Group Inc. | 6.97 | 8.09 | 7.45 | 7.65 | — | — | |
| Coca-Cola Co. | 23.72 | 26.19 | 24.03 | 24.95 | — | — | |
| PepsiCo Inc. | 20.67 | 20.87 | 18.47 | 19.78 | — | — | |
| Philip Morris International Inc. | 12.96 | 12.90 | 11.43 | 12.92 | — | — | |
| P/OP Ratio, Sector | |||||||
| Food, Beverage & Tobacco | 15.85 | 16.60 | 14.82 | 16.25 | — | — | |
| P/OP Ratio, Industry | |||||||
| Consumer Staples | 16.77 | 17.52 | 16.82 | 18.03 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 2,331,700,000 ÷ 188,217,466 = 12.39
3 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 254.21 ÷ 12.39 = 20.52
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. | Constellation Brands Inc. P/OP ratio increased from 2020 to 2021 and from 2021 to 2022. |
Price to Sales (P/S)
Constellation Brands Inc., historical P/S calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 188,217,466 | 194,027,715 | 192,840,856 | 191,349,811 | 191,391,478 | 194,800,645 | |
| Selected Financial Data (US$) | |||||||
| Net sales (in thousands) | 8,820,700) | 8,614,900) | 8,343,500) | 8,116,000) | 7,585,000) | 7,331,500) | |
| Sales per share2 | 46.86 | 44.40 | 43.27 | 42.41 | 39.63 | 37.64 | |
| Share price1, 3 | 254.21 | 238.31 | 153.02 | 207.48 | 228.26 | 171.06 | |
| Valuation Ratio | |||||||
| P/S ratio4 | 5.42 | 5.37 | 3.54 | 4.89 | 5.76 | 4.55 | |
| Benchmarks | |||||||
| P/S Ratio, Competitors5 | |||||||
| Altria Group Inc. | 3.31 | 3.60 | 3.10 | 3.14 | — | — | |
| Coca-Cola Co. | 6.02 | 6.99 | 6.55 | 6.75 | — | — | |
| PepsiCo Inc. | 2.75 | 2.93 | 2.65 | 3.03 | — | — | |
| Philip Morris International Inc. | 5.00 | 5.33 | 4.65 | 4.57 | — | — | |
| P/S Ratio, Sector | |||||||
| Food, Beverage & Tobacco | 3.96 | 4.35 | 3.90 | 4.21 | — | — | |
| P/S Ratio, Industry | |||||||
| Consumer Staples | 1.55 | 1.61 | 1.49 | 1.46 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= 8,820,700,000 ÷ 188,217,466 = 46.86
3 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 254.21 ÷ 46.86 = 5.42
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. | Constellation Brands Inc. P/S ratio increased from 2020 to 2021 and from 2021 to 2022. |
Price to Book Value (P/BV)
Constellation Brands Inc., historical P/BV calculation, comparison to benchmarks
| Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | Feb 28, 2019 | Feb 28, 2018 | Feb 28, 2017 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 188,217,466 | 194,027,715 | 192,840,856 | 191,349,811 | 191,391,478 | 194,800,645 | |
| Selected Financial Data (US$) | |||||||
| Total CBI stockholders’ equity (in thousands) | 11,731,900) | 13,598,900) | 12,131,800) | 12,551,000) | 8,046,100) | 6,891,200) | |
| Book value per share (BVPS)2 | 62.33 | 70.09 | 62.91 | 65.59 | 42.04 | 35.38 | |
| Share price1, 3 | 254.21 | 238.31 | 153.02 | 207.48 | 228.26 | 171.06 | |
| Valuation Ratio | |||||||
| P/BV ratio4 | 4.08 | 3.40 | 2.43 | 3.16 | 5.43 | 4.84 | |
| Benchmarks | |||||||
| P/BV Ratio, Competitors5 | |||||||
| Altria Group Inc. | — | — | 28.54 | 12.69 | — | — | |
| Coca-Cola Co. | 10.73 | 11.74 | 11.20 | 13.26 | — | — | |
| PepsiCo Inc. | 13.88 | 14.52 | 13.84 | 13.76 | — | — | |
| Philip Morris International Inc. | — | — | — | — | — | — | |
| P/BV Ratio, Sector | |||||||
| Food, Beverage & Tobacco | 26.07 | 27.95 | 26.79 | 23.59 | — | — | |
| P/BV Ratio, Industry | |||||||
| Consumer Staples | 9.35 | 9.37 | 8.39 | 7.93 | — | — | |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
BVPS = Total CBI stockholders’ equity ÷ No. shares of common stock outstanding
= 11,731,900,000 ÷ 188,217,466 = 62.33
3 Closing price as at the filing date of Constellation Brands Inc. Annual Report.
4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 254.21 ÷ 62.33 = 4.08
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. | Constellation Brands Inc. P/BV ratio increased from 2020 to 2021 and from 2021 to 2022. |