Skip to Content

Best Buy Co Inc BBY Stock Quote

| Rating as of

NYSE: BBY

Morningstar‘s Stock Analysis BBY

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Best Buy Set for a Few Turbulent Quarters but Underlying Business Remains Quite Strong

Sean Dunlop Equity Analyst

Business Strategy and Outlook

| Sean Dunlop |

We believe Best Buy is taking adequate steps to shore up its competitive position in an intensely competitive consumer electronics space. As the industry emerges from the shadow of the coronavirus, it has become clear that how people shop has permanently changed—with customers demanding seamless omnichannel access to favorite brands, quick fulfillment, and tech solutions to more problems than ever before. As a result, Best Buy's strategic positioning continues to resonate, with the firm leveraging its store footprint for fulfillment and post-sale services, emphasizing its differentiated service offering, and experimenting with newer store formats, as the "one size fits all" retail model across trade areas appears antiquated. The firm's digital sales volume more than doubled during the pandemic, and with 31% of sales derived from that channel through three quarters of calendar 2022 we expect the shift to stick, even as some spending returns to on-premises occasions.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics BBY

Company Profile BBY

Business Description

With $51.8 billion in fiscal 2022 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., with roughly 10.6% share of the aggregate market and north of 40% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

Contact
7601 Penn Avenue South
Richfield, MN, 55423
Industry Specialty Retail
Employees 105,000

Related Articles BBY

FAQs for Best Buy Co Inc Stock

Yes. BBY has a forward dividend yield of 4.23%. See BBY’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

BBY’s market cap is 18.00 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

BBY’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

BBY’s price/sales is 0.40.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

BBY’s price/forward earnings is 12.52.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

BBY’s price/book is 6.02.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See BBY’s valuation ratios compared to the Market Index.

BBY’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare BBY’s historical performance against its industry peers and the overall market.