Verizon Communications Inc., or Verizon for short, is an American telecommunications company headquartered in New York City.
Verizon was founded on June 30, 2000 and is registered in Delaware, resulting from the merger of Bell Atlantic Corporation and GTE Corporation (formerly General Telephone & Electronics Corporation).
P/E ratio for Verizon (VZ)
P/E ratio as of September 2023 (TTM): 6.60
According to Verizon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.598. At the end of 2021 the company had a P/E ratio of 9.75.
P/E ratio history for Verizon from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 9.75 | -28.65% |
| 2020 | 13.7 | 3.69% |
| 2019 | 13.2 | -11.64% |
| 2018 | 14.9 | 107.92% |
| 2017 | 7.17 | -56.74% |
| 2016 | 16.6 | 57.1% |
| 2015 | 10.6 | -43.15% |
| 2014 | 18.6 | 51.48% |
| 2013 | 12.3 | -91.22% |
| 2012 | 140 | 199.2% |
| 2011 | 46.7 | 89.06% |
| 2010 | 24.7 | 1.65% |
| 2009 | 24.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apple AAPL | 28.8 | 335.83% | 🇺🇸 USA |
 AT&T T | -12.7 | -292.92% | 🇺🇸 USA |
 T-Mobile US TMUS | 27.9 | 322.39% | 🇺🇸 USA |
 Vodafone VOD | N/A | N/A | 🇬🇧 UK |
 Spok Holdings
SPOK | 8.08 | 22.44% | 🇺🇸 USA |
 Shentel SHEN | < -1000 | -31,048.77% | 🇺🇸 USA |
 U.S. Cellular
USM | -146 | -2,309.00% | 🇺🇸 USA |
 Telephone and Data Systems
TDS | -20.8 | -415.78% | 🇺🇸 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.