What is the price to earnings ratio? LOWES Balance Sheet Consolidated Balance Sh

Question

What is the price to earnings ratio?

LOWES Balance Sheet

Consolidated Balance Sheets - USD ($)
$ in Millions

Consolidated Balance Sheets - USD ($)
$ in Millions

Feb. 03, 2017 Jan. 29, 2016 Current assets: Cash and cash equivalents $ 558 $ 405 Short-term investments 100 307 Merchandise inventory - net 10,458 9,458 Other current assets 884 391 Total current assets 12,000 10,561 Property, less accumulated depreciation 19,949 19,577 Long-term investments 366 222 Deferred income taxes - net 222 241 Goodwill 1,082 154 Other assets 789 511 Total assets 34,408 31,266 Current liabilities: Short-term borrowings 510 43 Current maturities of long-term debt 795 1,061 Accounts payable 6,651 5,633 Accrued compensation and employee benefits 790 820 Deferred revenue 1,253 1,078 Other current liabilities 1,975 1,857 Total current liabilities 11,974 10,492 Long-term debt, excluding current maturities 14,394 11,545 Deferred revenue - extended protection plans 763 729 Other liabilities 843 846 Total liabilities 27,974 23,612 Commitments and contingencies Shareholders' equity: Preferred stock - $5 par value, none issued 0 0 Common stock - $.50 par value; Shares issued and outstanding 866 at February 3, 2017 and 910 at January 29, 2016, respectively 433 455 Capital in excess of par value 0 0 Retained earnings 6,241 7,593 Accumulated other comprehensive loss (240) (394) Total shareholders' equity 6,434 7,654 Total liabilities and shareholders' equity $ 34,408 $ 31,266

Explanation / Answer

As per data derived from NASDAQ website which matches the above financial statements, the Price of Lowes stock was

EPS is derived from Income statement from NASDAQ as

$2.73 and $3.47

Prices were

$69.11 and $71.74

Hence P/E Ratio is

PE Ratio as on 29 Jan 2016 = 69.11/2.73 = 25.32

PE Ratio as on Feb 2017 = 71.74/ 3.47 = 20.67

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