Netflix
NFLX
#41
Rank
$258.13 B
Marketcap
$596.48
Share price
-0.86%
Change (1 day)
85.17%
Change (1 year)

Netflix, Inc. is an American media company engaged in paid streaming and the production of films and series.

P/E ratio for Netflix (NFLX)

P/E ratio as of February 2024 (TTM): 58.5

According to Netflix's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.4784. At the end of 2022 the company had a P/E ratio of 29.2.

P/E ratio history for Netflix from 2002 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202229.2-44.07%
202152.2-39.56%
202086.413.99%
201975.8-21.3%
201896.3-35.3%
2017149-47.11%
2016281-29.72%
2015400420.32%
201476.9-60.09%
2013193-35.46%
20122991792.36%
201115.8-72.51%
201057.4113.66%
200926.922.27%
200822.0-19.09%
200727.2-18.07%
200633.2-3.21%
200534.316.68%
200429.4-90.91%
2003323-7576.99%
2002-4.32

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
88.3 51.08%๐Ÿ‡บ๐Ÿ‡ธ USA
89.4 52.80%๐Ÿ‡บ๐Ÿ‡ธ USA
-71.2-221.79%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.20-105.48%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.