Close Price-Earnings Ratio (Historical) Formula in Excel

The Close Price-Earnings Ratio (Historical) formula in Excel with MarketXLS helps you quickly obtain a company’s historical P/E ratio, a key metric used by investors to gauge how the market values a stock relative to its past or future earnings. This function is especially helpful when performing fundamental analysis directly in Excel to make informed trading and investment decisions.

Understanding Close Price-Earnings Ratio (Historical)

• Purpose and Use Cases
  The Close Price-Earnings Ratio (Historical) function fetches the company’s historical P/E ratio, allowing you to analyze valuation trends over specific years or quarters.

• Key Benefits

  • Quick retrieval of historical P/E data for fundamental analysis.
  • Allows easy comparison against other fundamental metrics in Excel.
  • Simplifies advanced research and valuation modeling.

• When to Use
  Use this function anytime you want to examine how a stock’s P/E has changed over time, compare valuations across multiple periods, or conduct trend analysis on historical fundamentals.

Syntax and Parameters

=hf_Close_Price_Earnings_Ratio(Symbol, Year, [Quarter], [TTM])

Return Value
• Returns a numeric value representing the company’s P/E ratio for the specified historical period.
• Returns "NA" if the symbol is invalid, the license is not valid, or data cannot be retrieved.

?? Note: Always ensure your MarketXLS license subscription includes historical fundamentals data; otherwise, the function will return "NA".

Examples and Usage

Below are practical usage examples. Mix and match parameters to suit your analysis.

Basic Examples

=hf_Close_Price_Earnings_Ratio("MSFT", 2022)

Retrieves the P/E ratio for Microsoft for the year 2022.

=hf_Close_Price_Earnings_Ratio("MSFT", 2022, 2)

Retrieves the P/E ratio for Microsoft for the year 2022, quarter 2.

Advanced Scenarios

=hf_Close_Price_Earnings_Ratio("MSFT", 2022, 3, "TTM")

Retrieves trailing twelve months P/E ratio for Microsoft using 2022, quarter 3 as a reference point.

=hf_Close_Price_Earnings_Ratio("MSFT", "lq")

Fetches the P/E ratio for Microsoft for the last reported quarter.

=hf_Close_Price_Earnings_Ratio("MSFT", "ly-1")

Fetches the P/E ratio for Microsoft for the previous last year (one year back from the last reported year).

? Pro Tip: Use shortcuts like "lq-1" or "ly-1" to access older data quickly without specifying exact years.

Using Different Symbol Types

=hf_Close_Price_Earnings_Ratio("^SPX", 2022)
=hf_Close_Price_Earnings_Ratio("@MSFT 110122C00020000", "lq")
=hf_Close_Price_Earnings_Ratio("BTCUSD:DEFAULT", "ly")

Works similarly for indices, options, or crypto symbols.

Accepting Date Inputs

While this function typically expects a year (or a shortcut), you can reference cells or date functions:

=hf_Close_Price_Earnings_Ratio("MSFT", A1)
=hf_Close_Price_Earnings_Ratio("MSFT", "2024-03-15")
=hf_Close_Price_Earnings_Ratio("MSFT", TEXT(A1,"yyyy-mm-dd"))

When passing a full date, only the year portion may be used in the calculation if supported by MarketXLS.

Common Questions

1. What if the function returns "NA"?

   • Check if you have an active MarketXLS subscription that supports historical fundamentals.
   • Verify the symbol's correctness and your internet connection.

2. Can I use this for non-stock symbols?

   • Yes! You can use indices (e.g., "^SPX"), options, and crypto symbols, as long as MarketXLS supports these.

3. What are possible performance considerations?

   • Repeated calls for many symbols at once can slow down Excel, depending on data retrieval times. Consider batching or limiting simultaneous updates.

4. Why do I see different numbers for the same year?

   • The function may adjust results for restatements or TTM calculations. Always confirm the exact parameters (quarter and TTM) to ensure consistency.

5. Related Functions

   • Revenue (Historical)
   • Cost Of Revenue (Historical)
   • Gross Profit (Historical)
   • R & D Expenses (Historical)
   • Selling General and Administrative Expense (Historical)

?? Note: Data availability can vary based on the symbol or the region. Always double-check if the coverage includes the period you are interested in.