Best Buy Co Stock Beta

BBY Stock

USD 88.17 0.31 0.35%

Best Buy Co fundamentals help investors to digest information that contributes to Best Buy's financial success or failures. It also enables traders to predict the movement of Best Stock. The fundamental analysis module provides a way to measure Best Buy's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Best Buy stock.

Short Long Term Debt Total Total Assets

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Best Buy Co Company Beta Analysis

Best Buy's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Best Buy Beta

1.49

Most of Best Buy's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Best Buy Co is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Best Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Best Buy is extremely important. It helps to project a fair market value of Best Stock properly, considering its historical fundamentals such as Beta. Since Best Buy's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Best Buy's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Best Buy's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Current Deferred Revenue	Good Will	Intangible Assets	Short Term Investments	Long Term Debt	Long Term Debt Total	Cash And Equivalents	Property Plant Equipment	Net Tangible Assets	Net Invested Capital	Short Long Term Debt	Capital Stock	Net Working Capital	Accumulated Depreciation
Total Assets		0.74	-0.04	0.74	0.62	0.98	0.92	0.42	0.96	0.68	0.33	0.38	-0.12	-0.68	-0.02	-0.08	0.3	0.33	0.15	0.04	0.06	-0.04	-0.04	-0.07
Total Stockholder Equity	0.74		-0.32	0.99	0.49	0.59	0.86	0.0	0.65	0.83	0.03	-0.04	-0.46	-0.27	0.06	-0.01	0.21	-0.1	-0.04	0.28	0.32	0.23	0.31	-0.14
Net Debt	-0.04	-0.32		-0.37	-0.11	0.07	-0.34	0.58	-0.11	-0.16	0.5	0.7	0.18	-0.34	-0.42	-0.08	-0.26	0.65	0.43	-0.64	-0.85	-0.81	-0.86	0.62
Retained Earnings	0.74	0.99	-0.37		0.48	0.59	0.86	-0.02	0.66	0.82	0.01	-0.1	-0.49	-0.26	0.07	-0.02	0.22	-0.11	-0.05	0.32	0.36	0.27	0.35	-0.17
Net Receivables	0.62	0.49	-0.11	0.48		0.57	0.68	-0.05	0.65	0.7	-0.32	0.04	0.08	-0.42	0.28	0.11	-0.07	-0.27	-0.17	0.11	0.15	0.28	0.22	-0.21
Total Liab	0.98	0.59	0.07	0.59	0.57		0.84	0.52	0.96	0.53	0.43	0.5	0.0	-0.74	-0.05	-0.11	0.3	0.46	0.2	-0.05	-0.03	-0.14	-0.16	-0.03
Total Current Assets	0.92	0.86	-0.34	0.86	0.68	0.84		0.14	0.91	0.81	0.06	0.03	-0.29	-0.48	0.05	-0.1	0.24	-0.02	-0.07	0.22	0.3	0.22	0.24	-0.25
Short Term Debt	0.42	0.0	0.58	-0.02	-0.05	0.52	0.14		0.4	-0.06	0.76	0.75	0.17	-0.57	-0.57	-0.18	0.5	0.85	0.6	-0.36	-0.3	-0.76	-0.58	0.44
Accounts Payable	0.96	0.65	-0.11	0.66	0.65	0.96	0.91	0.4		0.64	0.28	0.32	-0.02	-0.69	-0.04	-0.12	0.31	0.26	0.04	0.04	0.1	0.01	-0.01	-0.17
Common Stock	0.68	0.83	-0.16	0.82	0.7	0.53	0.81	-0.06	0.64		-0.21	-0.08	-0.41	-0.44	0.05	0.07	-0.04	-0.22	-0.11	0.14	0.11	0.12	0.17	-0.01
Current Deferred Revenue	0.33	0.03	0.5	0.01	-0.32	0.43	0.06	0.76	0.28	-0.21		0.69	-0.12	-0.29	-0.45	-0.25	0.2	0.8	0.49	-0.52	-0.46	-0.71	-0.71	0.36
Good Will	0.38	-0.04	0.7	-0.1	0.04	0.5	0.03	0.75	0.32	-0.08	0.69		0.37	-0.68	-0.22	0.07	0.2	0.79	0.53	-0.43	-0.51	-0.72	-0.68	0.5
Intangible Assets	-0.12	-0.46	0.18	-0.49	0.08	0.0	-0.29	0.17	-0.02	-0.41	-0.12	0.37		-0.33	0.22	0.29	0.3	0.2	-0.07	0.08	-0.02	0.01	-0.01	-0.13
Short Term Investments	-0.68	-0.27	-0.34	-0.26	-0.42	-0.74	-0.48	-0.57	-0.69	-0.44	-0.29	-0.68	-0.33		0.01	-0.26	-0.34	-0.55	-0.33	0.2	0.25	0.43	0.36	-0.25
Long Term Debt	-0.02	0.06	-0.42	0.07	0.28	-0.05	0.05	-0.57	-0.04	0.05	-0.45	-0.22	0.22	0.01		0.75	0.0	-0.38	-0.27	0.24	0.23	0.5	0.37	-0.33
Long Term Debt Total	-0.08	-0.01	-0.08	-0.02	0.11	-0.11	-0.1	-0.18	-0.12	0.07	-0.25	0.07	0.29	-0.26	0.75		0.28	-0.05	0.03	0.14	0.01	-0.04	0.04	0.19
Cash And Equivalents	0.3	0.21	-0.26	0.22	-0.07	0.3	0.24	0.5	0.31	-0.04	0.2	0.2	0.3	-0.34	0.0	0.28		0.37	0.25	0.35	0.48	-0.09	0.22	-0.01
Property Plant Equipment	0.33	-0.1	0.65	-0.11	-0.27	0.46	-0.02	0.85	0.26	-0.22	0.8	0.79	0.2	-0.55	-0.38	-0.05	0.37		0.65	-0.37	-0.5	-0.77	-0.68	0.53
Net Tangible Assets	0.15	-0.04	0.43	-0.05	-0.17	0.2	-0.07	0.6	0.04	-0.11	0.49	0.53	-0.07	-0.33	-0.27	0.03	0.25	0.65		-0.38	-0.12	-0.63	-0.34	0.66
Net Invested Capital	0.04	0.28	-0.64	0.32	0.11	-0.05	0.22	-0.36	0.04	0.14	-0.52	-0.43	0.08	0.2	0.24	0.14	0.35	-0.37	-0.38		0.66	0.61	0.76	-0.19
Short Long Term Debt	0.06	0.32	-0.85	0.36	0.15	-0.03	0.3	-0.3	0.1	0.11	-0.46	-0.51	-0.02	0.25	0.23	0.01	0.48	-0.5	-0.12	0.66		0.69	0.91	-0.46
Capital Stock	-0.04	0.23	-0.81	0.27	0.28	-0.14	0.22	-0.76	0.01	0.12	-0.71	-0.72	0.01	0.43	0.5	-0.04	-0.09	-0.77	-0.63	0.61	0.69		0.88	-0.78
Net Working Capital	-0.04	0.31	-0.86	0.35	0.22	-0.16	0.24	-0.58	-0.01	0.17	-0.71	-0.68	-0.01	0.36	0.37	0.04	0.22	-0.68	-0.34	0.76	0.91	0.88		-0.55
Accumulated Depreciation	-0.07	-0.14	0.62	-0.17	-0.21	-0.03	-0.25	0.44	-0.17	-0.01	0.36	0.5	-0.13	-0.25	-0.33	0.19	-0.01	0.53	0.66	-0.19	-0.46	-0.78	-0.55

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Best Buy

In accordance with the recently published financial statements, Best Buy Co has a Beta of 1.493. This is 77.74% higher than that of the Specialty Retail sector and 10.59% higher than that of the Consumer Discretionary industry. The beta for all United States stocks is notably lower than that of the firm.

Best Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Best Buy's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Best Buy could also be used in its relative valuation, which is a method of valuing Best Buy by comparing valuation metrics of similar companies.

Best Buy is currently under evaluation in beta category among its peers.

Best Buy ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Best Buy's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Best Buy's managers, analysts, and investors.

Environmental

Governance

Social

Best Buy Institutional Holders

Institutional Holdings refers to the ownership stake in Best Buy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Best Buy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Best Buy's value.

		Shares
Bank Of New York Mellon Corp	2024-06-30	2.9 M
D. E. Shaw & Co Lp	2024-09-30	2.7 M
Goldman Sachs Group Inc	2024-06-30	2.5 M
Norges Bank	2024-06-30	2.5 M
Ubs Asset Mgmt Americas Inc	2024-09-30	2.4 M
Northern Trust Corp	2024-09-30	2.2 M
Legal & General Group Plc	2024-06-30	1.9 M
Federated Hermes Inc	2024-09-30	1.8 M
Raymond James Finl Svs Advisors, Inc.	2024-09-30	1.7 M
Blackrock Inc	2024-06-30	23.3 M
Vanguard Group Inc	2024-09-30	22.8 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Best Buy will likely underperform.

Best Fundamentals

	Return On Equity	0.42
	Return On Asset	0.0722
	Profit Margin	0.03 %
	Operating Margin	0.04 %
	Current Valuation	22.68 B
	Shares Outstanding	214.72 M
	Shares Owned By Insiders	8.72 %
	Shares Owned By Institutions	86.96 %
	Number Of Shares Shorted	14 M
	Price To Earning	12.77 X
	Price To Book	6.43 X
	Price To Sales	0.45 X
	Revenue	43.45 B
	Gross Profit	9.91 B
	EBITDA	2.6 B
	Net Income	1.24 B
	Cash And Equivalents	1.87 B
	Cash Per Share	4.13 X
	Total Debt	3.98 B
	Debt To Equity	1.34 %
	Current Ratio	0.98 X
	Book Value Per Share	14.45 X
	Cash Flow From Operations	1.47 B
	Short Ratio	6.15 X
	Earnings Per Share	5.79 X
	Price To Earnings To Growth	1.53 X
	Target Price	100.95
	Number Of Employees	85 K
	Beta	1.49
	Market Capitalization	19 B
	Total Asset	14.97 B
	Retained Earnings	2.68 B
	Working Capital	(12 M)
	Current Asset	9.89 B
	Current Liabilities	6.92 B
	Annual Yield	0.04 %
	Five Year Return	2.63 %
	Net Asset	14.97 B
	Last Dividend Paid	3.72

About Best Buy Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Best Buy Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Best Buy using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Best Buy Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Best Stock Analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.

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