Valuation Multiples: Home Depot and Lowe’s Compared to Its Peers
Can Home Depot and Lowe’s Maintain Their Momentum in 2018? The forward PE multiple is calculated by dividing a company’s stock price from analysts’ earnings estimates for the next four quarters. As of March 13, 2018, Home Depot was trading at a forward PE multiple of 18.7x compared to 20.3x before the announcement of its 4Q17 earnings.