Price to Earnings (P/E)
since 2005
Calculation
Verizon Communications Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Verizon1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 9, 2024 | 14.38 | = | 39.72 | ÷ | 2.76 | 2.76 | = | 11,614 | ÷ | 4,204,272,443 | |
| Feb 10, 2023 | 7.91 | = | 40.01 | ÷ | 5.06 | 5.06 | = | 21,256 | ÷ | 4,199,882,937 | |
| Feb 11, 2022 | 10.14 | = | 53.32 | ÷ | 5.26 | 5.26 | = | 22,065 | ÷ | 4,197,823,662 | |
| Feb 25, 2021 | 13.13 | = | 56.50 | ÷ | 4.30 | 4.30 | = | 17,801 | ÷ | 4,138,148,588 | |
| Feb 21, 2020 | 12.49 | = | 58.20 | ÷ | 4.66 | 4.66 | = | 19,265 | ÷ | 4,135,863,778 | |
| Feb 15, 2019 | 14.68 | = | 55.16 | ÷ | 3.76 | 3.76 | = | 15,528 | ÷ | 4,132,045,883 | |
| Feb 23, 2018 | 6.54 | = | 48.29 | ÷ | 7.38 | 7.38 | = | 30,101 | ÷ | 4,079,486,153 | |
| Feb 21, 2017 | 15.35 | = | 49.43 | ÷ | 3.22 | 3.22 | = | 13,127 | ÷ | 4,076,731,752 | |
| Feb 23, 2016 | 11.54 | = | 50.63 | ÷ | 4.39 | 4.39 | = | 17,879 | ÷ | 4,073,840,949 | |
| Feb 23, 2015 | 21.06 | = | 48.77 | ÷ | 2.32 | 2.32 | = | 9,625 | ÷ | 4,155,408,208 | |
| Feb 27, 2014 | 17.11 | = | 47.50 | ÷ | 2.78 | 2.78 | = | 11,497 | ÷ | 4,141,140,749 | |
| Feb 26, 2013 | 150.66 | = | 46.12 | ÷ | 0.31 | 0.31 | = | 875 | ÷ | 2,858,275,417 | |
| Feb 24, 2012 | 44.99 | = | 38.14 | ÷ | 0.85 | 0.85 | = | 2,404 | ÷ | 2,835,524,157 | |
| Feb 28, 2011 | 40.96 | = | 36.92 | ÷ | 0.90 | 0.90 | = | 2,549 | ÷ | 2,828,072,313 | |
| Feb 26, 2010 | 22.47 | = | 28.93 | ÷ | 1.29 | 1.29 | = | 3,651 | ÷ | 2,835,726,911 | |
| Feb 24, 2009 | 12.63 | = | 28.57 | ÷ | 2.26 | 2.26 | = | 6,428 | ÷ | 2,840,569,560 | |
| Feb 28, 2008 | 19.33 | = | 37.18 | ÷ | 1.92 | 1.92 | = | 5,521 | ÷ | 2,870,955,142 | |
| Mar 1, 2007 | 17.42 | = | 37.10 | ÷ | 2.13 | 2.13 | = | 6,197 | ÷ | 2,909,893,627 | |
| Mar 14, 2006 | 13.61 | = | 34.39 | ÷ | 2.53 | 2.53 | = | 7,397 | ÷ | 2,926,823,217 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Verizon Communications Inc. Annual Report.
Comparison to Competitors
Verizon Communications Inc., P/E, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Feb 9, 2024 | 14.38 | 8.47 | 23.09 |
| Feb 10, 2023 | 7.91 | — | 69.44 |
| Feb 11, 2022 | 10.14 | 8.60 | 51.43 |
| Feb 25, 2021 | 13.13 | — | 48.36 |
| Feb 21, 2020 | 12.49 | 19.92 | 20.45 |
| Feb 15, 2019 | 14.68 | 11.60 | 20.10 |
| Feb 23, 2018 | 6.54 | 7.67 | 11.23 |
| Feb 21, 2017 | 15.35 | 19.63 | 36.24 |
| Feb 23, 2016 | 11.54 | 17.05 | 44.48 |
| Feb 23, 2015 | 21.06 | 28.42 | 104.16 |
| Feb 27, 2014 | 17.11 | 9.36 | 698.59 |
| Feb 26, 2013 | 150.66 | 26.97 | — |
| Feb 24, 2012 | 44.99 | 45.61 | — |
| Feb 28, 2011 | 40.96 | 8.36 | — |
| Feb 26, 2010 | 22.47 | 11.66 | — |
| Feb 24, 2009 | 12.63 | 10.86 | — |
| Feb 28, 2008 | 19.33 | 17.78 | — |
| Mar 1, 2007 | 17.42 | 31.83 | — |
| Mar 14, 2006 | 13.61 | 22.77 | — |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
Verizon Communications Inc., P/E, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Feb 9, 2024 | 14.38 | 14.04 |
| Feb 10, 2023 | 7.91 | 32.09 |
| Feb 11, 2022 | 10.14 | 12.24 |
| Feb 25, 2021 | 13.13 | 37.83 |
| Feb 21, 2020 | 12.49 | 16.07 |
| Feb 15, 2019 | 14.68 | 13.52 |
| Feb 23, 2018 | 6.54 | 7.39 |
| Feb 21, 2017 | 15.35 | 18.44 |
| Feb 23, 2016 | 11.54 | 14.54 |
| Feb 23, 2015 | 21.06 | 25.18 |
| Feb 27, 2014 | 17.11 | 13.16 |
| Feb 26, 2013 | 150.66 | 40.27 |
| Feb 24, 2012 | 44.99 | 45.37 |
| Feb 28, 2011 | 40.96 | 12.06 |
| Feb 26, 2010 | 22.47 | 14.10 |
| Feb 24, 2009 | 12.63 | 11.45 |
| Feb 28, 2008 | 19.33 | 18.27 |
| Mar 1, 2007 | 17.42 | 25.24 |
| Mar 14, 2006 | 13.61 | 17.21 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Verizon Communications Inc., P/E, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Feb 9, 2024 | 14.38 | 23.85 |
| Feb 10, 2023 | 7.91 | 25.39 |
| Feb 11, 2022 | 10.14 | 21.07 |
| Feb 25, 2021 | 13.13 | 36.50 |
| Feb 21, 2020 | 12.49 | 24.23 |
| Feb 15, 2019 | 14.68 | 19.46 |
| Feb 23, 2018 | 6.54 | 18.11 |
| Feb 21, 2017 | 15.35 | 24.33 |
| Feb 23, 2016 | 11.54 | 23.89 |
| Feb 23, 2015 | 21.06 | 26.45 |
| Feb 27, 2014 | 17.11 | 21.66 |
| Feb 26, 2013 | 150.66 | 27.51 |
| Feb 24, 2012 | 44.99 | 24.54 |
| Feb 28, 2011 | 40.96 | 16.12 |
| Feb 26, 2010 | 22.47 | 16.95 |
| Feb 24, 2009 | 12.63 | 13.32 |
| Feb 28, 2008 | 19.33 | 20.95 |
| Mar 1, 2007 | 17.42 | 28.07 |
| Mar 14, 2006 | 13.61 | 24.36 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).