What is the price earnings Ratio for Lowe\'s and Home Depot? HOME DEPOT Balance

Question

What is the price earnings Ratio for Lowe's and Home Depot?

HOME DEPOT Balance Sheet

Consolidated Balance Sheets - USD ($)
$ in Millions

LOWES Balance Sheet

Consolidated Balance Sheets - USD ($)
$ in Millions

Consolidated Balance Sheets - USD ($)
$ in Millions

Jan. 29, 2017 Jan. 31, 2016 Current Assets: Cash and Cash Equivalents $ 2,538 $ 2,216 Receivables, net 2,029 1,890 Merchandise Inventories 12,549 11,809 Other Current Assets 608 569 Total Current Assets 17,724 16,484 Property and Equipment, at cost 40,426 39,266 Less Accumulated Depreciation and Amortization 18,512 17,075 Net Property and Equipment 21,914 22,191 Goodwill 2,093 2,102 Other Assets 1,235 1,196 Total Assets 42,966 41,973 Current Liabilities: Short-Term Debt 710 350 Accounts Payable 7,000 6,565 Accrued Salaries and Related Expenses 1,484 1,515 Sales Taxes Payable 508 476 Deferred Revenue 1,669 1,566 Income Taxes Payable 25 34 Current Installments of Long-Term Debt 542 77 Other Accrued Expenses 2,195 1,941 Total Current Liabilities 14,133 12,524 Long-Term Debt, excluding current installments 22,349 20,789 Other Long-Term Liabilities 1,855 1,965 Deferred Income Taxes 296 379 Total Liabilities 38,633 35,657 STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.776 billion shares at January 29, 2017 and 1.772 billion shares at January 31, 2016; outstanding: 1.203 billion shares at January 29, 2017 and 1.252 billion shares at January 31, 2016 88 88 Paid-In Capital 9,787 9,347 Retained Earnings 35,519 30,973 Accumulated Other Comprehensive Loss (867) (898) Treasury Stock, at cost, 573 million shares at January 29, 2017 and 520 million shares at January 31, 2016 (40,194) (33,194) Total Stockholders’ Equity 4,333 6,316 Total Liabilities and Stockholders' Equity $ 42,966 $ 41,973

Explanation / Answer

Price at 29 Jan 2017 = 40194 / 573 = $70.15 per share (from Treasury stock data)

Price at 31 Jan 2016 = 33194 / 520 = $63.83 per share

EPS for 2017 = (RE $35519 - RE $30973)m = 4546m / outstanding shares 1776m = $2.56 pershare

Price Earnings ratio for 2017 = Price on 29 Jan 17 / EPS for 2017 = $70.15 / $2.56 = 27.40 times

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