M Historical PE Ratio image   This M PE ratio history page last updated 12/6/2024
M Historical PE Ratio Chart
PeriodPriceEarningsAnnualizedPE
Q2 2024
8/21/2024
15.450.532.127.3
Q1 2024
5/21/2024
20.080.271.0818.6
Q4 2023
2/27/2024
19.952.459.802.0
Q3 2023
11/16/2023
13.330.210.8415.9
Q2 2023
8/22/2023
12.660.261.0412.2
Q1 2023
6/1/2023
13.750.562.246.1
Q4 2022
3/2/2023
22.701.887.523.0
Q3 2022
11/17/2022
22.670.522.0810.9
Q2 2022
8/23/2022
19.311.004.004.8
Q1 2022
5/26/2022
22.921.084.325.3
Q4 2021
2/22/2022
24.422.459.802.5
Q3 2021
11/18/2021
37.371.234.927.6
Q2 2021
8/19/2021
21.611.295.164.2
Q1 2021
5/18/2021
19.090.391.5612.2
Q4 2020
2/23/2021
15.880.803.205.0
Q3 2020
11/19/2020
9.18-0.19-0.76NA
Q2 2020
9/2/2020
7.05-0.81-3.24NA
Q1 2020
7/1/2020
6.58-2.03-8.12NA
Q4 2019
2/25/2020
14.602.128.481.7
Q3 2019
11/21/2019
14.670.070.2852.4
Q2 2019
8/14/2019
16.800.281.1215.0
Q1 2019
5/15/2019
21.700.441.7612.3
Q4 2018
2/26/2019
24.722.7310.922.3
Q3 2018
11/14/2018
33.220.271.0830.8
Q2 2018
8/15/2018
35.150.702.8012.6
Q1 2018
5/16/2018
33.170.481.9217.3
Q4 2017
2/27/2018
28.402.8211.282.5
Q3 2017
11/9/2017
19.500.230.9221.2
Q2 2017
8/10/2017
20.670.481.9210.8
Q1 2017
5/11/2017
24.350.240.9625.4
Q4 2016
2/21/2017
32.292.028.084.0
Q3 2016
11/10/2016
40.530.170.6859.6
Q2 2016
8/11/2016
39.810.542.1618.4
Q1 2016
5/11/2016
31.380.401.6019.6
Q4 2015
2/23/2016
42.312.098.365.1
Q3 2015
11/11/2015
40.440.562.2418.1
Q2 2015
8/12/2015
64.110.642.5625.0
Q1 2015
5/13/2015
63.730.562.2428.5
Q4 2014
2/24/2015
62.102.449.766.4
Q3 2014
11/12/2014
61.570.612.4425.2
Q2 2014
8/13/2014
56.470.803.2017.6
Q1 2014
5/14/2014
57.830.602.4024.1
Q4 2013
2/25/2014
56.252.319.246.1
Q3 2013
11/13/2013
50.680.471.8827.0
Q2 2013
8/14/2013
46.330.722.8816.1
Q1 2013
5/15/2013
48.570.552.2022.1
Q4 2012
2/26/2013
39.592.058.204.8
Q2 2012
8/8/2012
38.010.672.6814.2
M PE History Chart
PeriodPriceEarningsTTMPE
Q2 2024
8/21/2024
15.450.533.464.5
Q1 2024
5/21/2024
20.080.273.196.3
Q4 2023
2/27/2024
19.952.453.485.7
Q3 2023
11/16/2023
13.330.212.914.6
Q2 2023
8/22/2023
12.660.263.223.9
Q1 2023
6/1/2023
13.750.563.963.5
Q4 2022
3/2/2023
22.701.884.485.1
Q3 2022
11/17/2022
22.670.525.054.5
Q2 2022
8/23/2022
19.311.005.763.4
Q1 2022
5/26/2022
22.921.086.053.8
Q4 2021
2/22/2022
24.422.455.364.6
Q3 2021
11/18/2021
37.371.233.7110.1
Q2 2021
8/19/2021
21.611.292.299.4
Q1 2021
5/18/2021
19.090.390.19100.5
Q4 2020
2/23/2021
15.880.80-2.23NA
Q3 2020
11/19/2020
9.18-0.19-0.91NA
Q2 2020
9/2/2020
7.05-0.81-0.65NA
Q1 2020
7/1/2020
6.58-2.030.4415.0
Q4 2019
2/25/2020
14.602.122.915.0
Q3 2019
11/21/2019
14.670.073.524.2
Q2 2019
8/14/2019
16.800.283.724.5
Q1 2019
5/15/2019
21.700.444.145.2
Q4 2018
2/26/2019
24.722.734.185.9
Q3 2018
11/14/2018
33.220.274.277.8
Q2 2018
8/15/2018
35.150.704.238.3
Q1 2018
5/16/2018
33.170.484.018.3
Q4 2017
2/27/2018
28.402.823.777.5
Q3 2017
11/9/2017
19.500.232.976.6
Q2 2017
8/10/2017
20.670.482.917.1
Q1 2017
5/11/2017
24.350.242.978.2
Q4 2016
2/21/2017
32.292.023.1310.3
Q3 2016
11/10/2016
40.530.173.2012.7
Q2 2016
8/11/2016
39.810.543.5911.1
Q1 2016
5/11/2016
31.380.403.698.5
Q4 2015
2/23/2016
42.312.093.8511.0
Q3 2015
11/11/2015
40.440.564.209.6
Q2 2015
8/12/2015
64.110.644.2515.1
Q1 2015
5/13/2015
63.730.564.4114.5
Q4 2014
2/24/2015
62.102.444.4514.0
Q3 2014
11/12/2014
61.570.614.3214.3
Q2 2014
8/13/2014
56.470.804.1813.5
Q1 2014
5/14/2014
57.830.604.1014.1
Q4 2013
2/25/2014
56.252.314.0513.9
Q3 2013
11/13/2013
50.680.473.7913.4
Q2 2013
8/14/2013
46.330.723.9911.6
Q1 2013
5/15/2013
48.570.55NANA
Q4 2012
2/26/2013
39.592.05NANA
Q2 2012
8/8/2012
38.010.67NANA
How should the M historical PE ratio be determined?
Realizing that PE stands for Price to Earnings ratio, we need two values to compute it: stock price and earnings per share. The stock price at any given date is a known historical value, but what about the earnings number to use?

✔️Accepted answer: There are a number of different approaches when it comes to calculating a historical PE ratio for a company like Macy's. We like to take our measurements on each of the past quarterly earnings reports. That only leaves the question of whether the earnings number at that quarterly report should be used on an annualized basis, or some other method. We approach this question using three different methods, on this M Historical PE Ratio page.

What is the average historical PE for M based on annualized quarterly earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use that quarter's earnings result annualized?

✔️Accepted answer: The M historical PE ratio using the annualized quarterly earnings method works out to 14.8.

What is the average historical PE for M based on trailing twelve month earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the trailing twelve months combined earnings result in the calculation?

✔️Accepted answer: The M historical PE ratio using the TTM earnings method works out to 10.7.

What is the average historical PE for M based on median TTM earnings?
As we look back through earnings history, what is the resulting PE calculation if at each measurement period we use the median earnings over the trailing twelve months and annualize that median result in the calculation?

✔️Accepted answer: The M historical PE ratio using the annualized median TTM earnings method works out to 1.6.

On this page we presented the M Historical PE Ratio information for Macy's' stock. The average M historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 14.8. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average M historical PE based on this TTM earnings result method is 10.7. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this M historical PE result, against the recent PE: when this page was posted on 12/5/2024, the most recent closing price for M had been 16.45, and the most recent quarterly earnings result, annualized, was 2.12. Meanwhile, the most recent TTM earnings summed to 3.46. From these numbers, we calculate the recent M PE on 12/5/2024 based on annualized quarterly EPS was 7.8. Based on M's history, that recent PE is low relative to the historical average, with the recent PE 47.3% lower than the historical average PE across our data set for Macy's. Looking at the recent M PE on 12/5/2024 based on TTM EPS, we calculate the ratio at 4.8. Based on M's history, that recent PE is low relative to the historical average, with the recent PE 55.1% lower than the average PE across our Macy's data set with TTM EPS used in the calculation at each period.

Another interesting M historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for M, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for M, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.21, 0.27, 0.53, and 2.45. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.27 and 0.53 — which gives us the median of 0.40. Basically the way to think about this 0.40 number is this: for the trailing four earnings reports, 0.40 marks the "middle ground" number where M has reported a value higher than 0.40 half the time, and has reported a value lower than 0.40 half the time. Annualizing that median value then gets us to 1.6/share, which we use as the denominator in our next PE calculation. With 16.45 as the numerator (as of 12/5/2024), the calculation is then 16.45 / 1.6 = 10.3 as the M PE ratio as of 12/5/2024, based on that annualized median value we calculated.

For self directed investors doing their due diligence on M or any other given stock, valuation analysis for M can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Macy's PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for M. Thanks for visiting, and the next time you need to research M Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.

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