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How Does Home Depot’s Valuation Multiple Compare with Peers?

Rajiv Nanjapla
How Does Home Depot’s Valuation Multiple Compare with Peers?

The surge in Home Depot’s (HD) stock price since the announcement of its first-quarter earnings has increased its valuation multiple. As of June 21, the company was trading at a forward PE multiple of 20.0x compared to 18.4x before the announcement of its first-quarter earnings on May 21.