Stock Analysis on Net

Verizon Communications Inc. (NYSE:VZ)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

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).


Historical Valuation Ratios (Summary)

Verizon Communications Inc., 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) 17.78 14.95 14.60 14.38 6.94 6.80 7.55 7.91 7.93 9.20 9.51 10.14 9.97 11.54 12.34 13.13 12.97 12.42 13.01 12.49
Price to operating profit (P/OP) 7.97 7.18 7.24 7.30 4.91 4.78 5.39 5.52 4.96 6.00 6.27 6.90 6.86 7.49 7.78 8.12 8.40 8.27 8.18 7.92
Price to sales (P/S) 1.30 1.25 1.23 1.25 1.08 1.06 1.20 1.23 1.13 1.42 1.52 1.68 1.64 1.74 1.80 1.82 1.85 1.83 1.82 1.83
Price to book value (P/BV) 1.81 1.75 1.75 1.81 1.48 1.50 1.76 1.84 1.75 2.22 2.43 2.74 2.85 3.13 3.27 3.45 3.65 3.79 3.97 3.92 4.27 4.08 4.19

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. Verizon Communications Inc. 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. Verizon Communications Inc. P/OP ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
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. Verizon Communications Inc. 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. Verizon Communications Inc. 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)

Verizon Communications Inc., 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 4,209,626,270 4,209,519,996 4,209,254,894 4,204,272,443 4,204,101,659 4,204,039,985 4,203,991,483 4,199,882,937 4,199,817,447 4,199,714,676 4,199,643,701 4,197,823,662 4,140,163,896 4,140,116,007 4,140,067,633 4,138,148,588 4,138,094,367 4,138,053,870 4,137,995,405 4,135,863,778 4,135,784,209 4,135,764,809 4,135,706,646
Selected Financial Data (US$)
Net income attributable to Verizon (in millions) 3,306 4,593 4,602 (2,705) 4,762 4,648 4,909 6,577 4,900 5,199 4,580 4,613 6,407 5,800 5,245 4,588 4,357 4,700 4,156 5,095 5,194 3,944 5,032
Earnings per share (EPS)2 2.33 2.67 2.69 2.76 4.97 5.00 5.13 5.06 4.59 4.95 5.10 5.26 5.32 4.83 4.56 4.30 4.42 4.63 4.44 4.66 0.00 0.00 0.00
Share price1, 3 41.38 39.95 39.22 39.72 34.47 34.03 38.79 40.01 36.43 45.55 48.46 53.32 53.08 55.72 56.32 56.50 57.38 57.48 57.81 58.20 60.82 55.82 56.58
Valuation Ratio
P/E ratio4 17.78 14.95 14.60 14.38 6.94 6.80 7.55 7.91 7.93 9.20 9.51 10.14 9.97 11.54 12.34 13.13 12.97 12.42 13.01 12.49
Benchmarks
P/E Ratio, Competitors5
AT&T Inc. 17.98 10.99 8.99 8.47 6.53 6.60 8.08 8.60 187.60 17.89 17.88 14.26 19.92
T-Mobile US Inc. 24.72 22.49 21.96 23.09 20.96 26.78 47.13 69.44 113.98 104.43 56.69 51.43 43.15 46.07 52.59 48.36 47.49 49.89 30.48 20.45

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 attributable to VerizonQ3 2024 + Net income attributable to VerizonQ2 2024 + Net income attributable to VerizonQ1 2024 + Net income attributable to VerizonQ4 2023) ÷ No. shares of common stock outstanding
= (3,306,000,000 + 4,593,000,000 + 4,602,000,000 + -2,705,000,000) ÷ 4,209,626,270 = 2.33

3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/E ratio = Share price ÷ EPS
= 41.38 ÷ 2.33 = 17.78

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. Verizon Communications Inc. P/E ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Operating Profit (P/OP)

Verizon Communications Inc., 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 4,209,626,270 4,209,519,996 4,209,254,894 4,204,272,443 4,204,101,659 4,204,039,985 4,203,991,483 4,199,882,937 4,199,817,447 4,199,714,676 4,199,643,701 4,197,823,662 4,140,163,896 4,140,116,007 4,140,067,633 4,138,148,588 4,138,094,367 4,138,053,870 4,137,995,405 4,135,863,778 4,135,784,209 4,135,764,809 4,135,706,646
Selected Financial Data (US$)
Operating income (in millions) 5,926 7,818 7,521 600 7,473 7,220 7,584 7,225 7,894 7,552 7,796 7,608 8,905 8,165 7,770 7,180 7,678 7,361 6,579 6,639 8,180 7,850 7,709
Operating profit per share2 5.19 5.56 5.42 5.44 7.02 7.12 7.20 7.25 7.35 7.59 7.73 7.73 7.73 7.44 7.24 6.96 6.83 6.95 7.07 7.35 0.00 0.00 0.00
Share price1, 3 41.38 39.95 39.22 39.72 34.47 34.03 38.79 40.01 36.43 45.55 48.46 53.32 53.08 55.72 56.32 56.50 57.38 57.48 57.81 58.20 60.82 55.82 56.58
Valuation Ratio
P/OP ratio4 7.97 7.18 7.24 7.30 4.91 4.78 5.39 5.52 4.96 6.00 6.27 6.90 6.86 7.49 7.78 8.12 8.40 8.27 8.18 7.92
Benchmarks
P/OP Ratio, Competitors5
AT&T Inc. 8.38 6.07 5.17 5.12 5.94 5.68 6.52 7.32 24.28 31.58 35.17 31.88 8.72 8.77 7.27 9.91
T-Mobile US Inc. 15.17 13.54 12.92 13.46 12.05 14.67 22.12 27.49 36.01 34.75 24.23 22.56 19.18 21.16 22.14 22.33 23.63 26.42 18.50 12.40

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 incomeQ3 2024 + Operating incomeQ2 2024 + Operating incomeQ1 2024 + Operating incomeQ4 2023) ÷ No. shares of common stock outstanding
= (5,926,000,000 + 7,818,000,000 + 7,521,000,000 + 600,000,000) ÷ 4,209,626,270 = 5.19

3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 41.38 ÷ 5.19 = 7.97

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. Verizon Communications Inc. P/OP ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Price to Sales (P/S)

Verizon Communications Inc., 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 4,209,626,270 4,209,519,996 4,209,254,894 4,204,272,443 4,204,101,659 4,204,039,985 4,203,991,483 4,199,882,937 4,199,817,447 4,199,714,676 4,199,643,701 4,197,823,662 4,140,163,896 4,140,116,007 4,140,067,633 4,138,148,588 4,138,094,367 4,138,053,870 4,137,995,405 4,135,863,778 4,135,784,209 4,135,764,809 4,135,706,646
Selected Financial Data (US$)
Operating revenues (in millions) 33,330 32,796 32,981 35,130 33,336 32,596 32,912 35,251 34,241 33,789 33,554 34,067 32,915 33,764 32,867 34,692 31,543 30,447 31,610 34,775 32,894 32,071 32,128
Sales per share2 31.89 31.89 31.84 31.87 31.90 32.11 32.40 32.58 32.30 31.98 31.98 31.83 32.42 32.09 31.29 31.00 31.02 31.35 31.74 31.88 0.00 0.00 0.00
Share price1, 3 41.38 39.95 39.22 39.72 34.47 34.03 38.79 40.01 36.43 45.55 48.46 53.32 53.08 55.72 56.32 56.50 57.38 57.48 57.81 58.20 60.82 55.82 56.58
Valuation Ratio
P/S ratio4 1.30 1.25 1.23 1.25 1.08 1.06 1.20 1.23 1.13 1.42 1.52 1.68 1.64 1.74 1.80 1.82 1.85 1.83 1.82 1.83
Benchmarks
P/S Ratio, Competitors5
AT&T Inc. 1.30 1.13 0.99 0.98 0.90 0.85 1.03 1.14 0.99 0.93 0.89 1.01 1.02 1.13 1.34 1.19 1.13 1.21 1.15 1.53
T-Mobile US Inc. 3.20 2.69 2.45 2.44 2.08 2.09 2.27 2.26 2.18 2.24 1.98 1.94 1.82 2.27 2.08 2.17 2.43 2.59 2.38 1.58

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 = (Operating revenuesQ3 2024 + Operating revenuesQ2 2024 + Operating revenuesQ1 2024 + Operating revenuesQ4 2023) ÷ No. shares of common stock outstanding
= (33,330,000,000 + 32,796,000,000 + 32,981,000,000 + 35,130,000,000) ÷ 4,209,626,270 = 31.89

3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 41.38 ÷ 31.89 = 1.30

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. Verizon Communications Inc. P/S ratio increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Book Value (P/BV)

Verizon Communications Inc., 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 4,209,626,270 4,209,519,996 4,209,254,894 4,204,272,443 4,204,101,659 4,204,039,985 4,203,991,483 4,199,882,937 4,199,817,447 4,199,714,676 4,199,643,701 4,197,823,662 4,140,163,896 4,140,116,007 4,140,067,633 4,138,148,588 4,138,094,367 4,138,053,870 4,137,995,405 4,135,863,778 4,135,784,209 4,135,764,809 4,135,706,646
Selected Financial Data (US$)
Equity attributable to Verizon (in millions) 96,326 96,172 94,334 92,430 97,741 95,193 92,883 91,144 87,468 86,016 83,762 81,790 77,044 73,684 71,232 67,842 65,069 62,697 60,210 61,395 58,921 56,582 55,856
Book value per share (BVPS)2 22.88 22.85 22.41 21.98 23.25 22.64 22.09 21.70 20.83 20.48 19.95 19.48 18.61 17.80 17.21 16.39 15.72 15.15 14.55 14.84 14.25 13.68 13.51
Share price1, 3 41.38 39.95 39.22 39.72 34.47 34.03 38.79 40.01 36.43 45.55 48.46 53.32 53.08 55.72 56.32 56.50 57.38 57.48 57.81 58.20 60.82 55.82 56.58
Valuation Ratio
P/BV ratio4 1.81 1.75 1.75 1.81 1.48 1.50 1.76 1.84 1.75 2.22 2.43 2.74 2.85 3.13 3.27 3.45 3.65 3.79 3.97 3.92 4.27 4.08 4.19
Benchmarks
P/BV Ratio, Competitors5
AT&T Inc. 1.55 1.31 1.15 1.16 1.06 1.02 1.26 1.41 1.06 1.11 0.82 1.03 1.08 1.23 1.40 1.26 1.12 1.21 1.15 1.50 1.56 1.33 1.21
T-Mobile US Inc. 3.99 3.40 3.10 2.97 2.52 2.50 2.69 2.58 2.49 2.56 2.27 2.25 2.11 2.67 2.41 2.27 2.26 2.12 3.69 2.46 2.54 2.67 2.37

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 = Equity attributable to Verizon ÷ No. shares of common stock outstanding
= 96,326,000,000 ÷ 4,209,626,270 = 22.88

3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 41.38 ÷ 22.88 = 1.81

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. Verizon Communications Inc. P/BV ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.