Does Netflix have a high PE ratio? (2024)

Does Netflix have a high PE ratio?

Min: 15.93 Med: 121.52 Max: 559.67

Why is Netflix PE ratio so high?

With its earnings growth in positive territory compared to the declining earnings of most other companies, Netflix has been doing quite well of late. The P/E is probably high because investors think the company will continue to navigate the broader market headwinds better than most.

What is the average PE ratio for Netflix?

NFLX PE ratio history

The mean historical PE ratio of Netflix over the last ten years is 127.31. The current 51.93 P/E ratio is 59% lower than the historical average. Looking back at the last ten years, NFLX's PE ratio peaked in the Dec 2015 quarter at 394.41, with a price of $114.38 and an EPS of $0.29.

What is the PE price of Netflix?

Netflix PE Ratio: 50.84 for April 18, 2024.

What is a good PE ratio?

Typically, the average P/E ratio is around 20 to 25. Anything below that would be considered a good price-to-earnings ratio, whereas anything above that would be a worse P/E ratio.

Is Netflix overvalued or undervalued?

Fair Value Estimate for Netflix

With its 2-star rating, we believe Netflix's stock is overvalued compared with our long-term fair value estimate. We've raised our fair value estimate of Netflix to $410 from $350, implying a multiple of 26 times on our 2024 earnings per share forecast.

Is Netflix currently overvalued?

Netflix (NASDAQ:NFLX) stock is overvalued. That's the opinion of analysts at Benchmark, who maintained a Sell rating and $440 price target on the streaming giant's shares in a note Thursday, heading into the company's earnings release.

What is Amazon PE ratio?

P/E ratio as of April 2024 (TTM): 91.4

According to Amazon's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 91.4388. At the end of 2022 the company had a P/E ratio of -313.

What is the PE ratio of Apple?

As at Apr 17, 2024, the AAPL stock has a PE ratio of 26.01. This is based on the current EPS of $6.46 and the stock price of $168 per share. A decrease of 12% has been seen in the P/E ratio compared to the average of 29.5 of the last 4 quarters.

What is Apple's forward PE?

Apple's Forward PE Ratio for today is 25.96. Apple's PE Ratio without NRI for today is 26.38. Apple's PE Ratio for today is 26.38.

Has Netflix made a profit?

Netflix reported a profit of $2.3 billion on revenue of nearly $9.4 billion in the quarter, compared to a net income of $1.3 billion on $8.2 billion in revenue in the same period a year earlier.

Is Netflix a dividend stock?

The current TTM dividend payout for Netflix (NFLX) as of April 17, 2024 is $0.00. The current dividend yield for Netflix as of April 17, 2024 is 0.00%. Netflix is considered a pioneer in the streaming space.

What are the 3 plans for Netflix?

Why is Amazon PE ratio so high?

Why is Amazon PE Ratio so high? Amazon's P/E ratio is higher than most companies in the retail industry because investors are optimistic about its future growth potential. As mentioned, a high price multiple can indicate the market expects higher growth from a company.

Is 30 a bad PE ratio?

P/E 30 Ratio Explained

A P/E of 30 is high by historical stock market standards. This type of valuation is usually placed on only the fastest-growing companies by investors in the company's early stages of growth. Once a company becomes more mature, it will grow more slowly and the P/E tends to decline.

What is a very high PE ratio?

If the share price grows much faster than the earnings growth then PE ratio becomes high. If the share price falls much faster than earnings, the PE ratio becomes low. A high PE ratio means that a stock is expensive and its price may fall in the future.

Should I hold or sell Netflix stock?

Netflix's analyst rating consensus is a Moderate Buy. This is based on the ratings of 40 Wall Streets Analysts.

Should I keep Netflix stock?

Analysts certainly expect robust earnings growth. That's why Netflix stock's forward price-to-earnings ratio is just 32.5. Trading at just 32.5 times analysts' consensus forecast for Netflix's 2024 earnings per share, the stock looks like a hold today.

Is Netflix a good company to buy stock in?

Citi rates Netflix at Neutral with a price target of $660 on the stock, which closed at $611.15 on Thursday. Netflix also said it sees 2024 revenue growth of 13% to 15%. At the midpoint of the range, that's a little below Wall Street's consensus forecast for 14.4% growth.

Is Netflix stock tanking?

After its rapid ascent over most of the past decade thanks to its dominance in the burgeoning streaming landscape, Netflix (NASDAQ: NFLX) hit a bit of a rough batch. Slower revenue and subscriber growth caused the shares to tank 51% in 2022. But investors have sat back, relaxed, and pressed fast-forward.

Why is Netflix stock so low?

Netflix stock sank more than 8% Thursday after a quarterly earnings report that was largely positive but left Wall Street underwhelmed. Netflix's average revenue per membership showed weakness in the most recent quarter.

Why is Netflix stock falling?

Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.

What is Tesla PE ratio?

As of today (2024-04-17), Tesla's share price is $157.09. Tesla's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $2.88. Therefore, Tesla's PE Ratio without NRI for today is 54.55.

What is the PE ratio of Costco?

P/E ratio as of April 2024 (TTM): 56.7

According to Costco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 56.7161. At the end of 2020 the company had a P/E ratio of 38.6.

Is a 200 PE ratio good?

A P/E ratio of 200 is high. But it is basically saying that people expect the company to grow earnings to be 15 to 20 times as large as they are now (so the P/E ratio would be 10 to 15). If you don't think that the company has that kind of potential, don't invest.