NFLX Netflix PE ratio, current and historical analysis
As of Apr 21, 2025, the NFLX stock has a PE ratio of 45.65. The calculation is based on the latest EPS of $21.64 and the stock price of $987.91 per share. An increase of 9% has been observed in the PE ratio compared to its average of 41.9 of the last four quarters.
NFLX PE ratio history
The mean historical PE ratio of Netflix over the last ten years is 118.73. The current 45.65 P/E ratio is 62% 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. The Jun 2022 quarter marked the lowest point at 15.23, with a price of $174.87 and an EPS of $11.48.
Netflix PE ratio by year
Maximum annual increase: 1,937.46% in 2012
Maximum annual decrease: -71.55% in 2011
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 43.95 | 10.57% | $891.32 | $20.28 |
| 2023 | 39.75 | 36.13% | $486.88 | $12.25 |
| 2022 | 29.2 | -44.02% | $294.88 | $10.1 |
| 2021 | 52.16 | -39.62% | $602.44 | $11.55 |
| 2020 | 86.38 | 13.72% | $540.73 | $6.26 |
| 2019 | 75.96 | -21.11% | $323.57 | $4.26 |
| 2018 | 96.28 | -35.3% | $267.66 | $2.78 |
| 2017 | 148.81 | -47.11% | $191.96 | $1.29 |
| 2016 | 281.36 | -28.66% | $123.8 | $0.44 |
| 2015 | 394.41 | 409.18% | $114.38 | $0.29 |
| 2014 | 77.46 | -58.76% | $48.8 | $0.63 |
| 2013 | 187.84 | -43.2% | $52.6 | $0.28 |
| 2012 | 330.68 | 1,937.46% | $13.23 | $0.04 |
| 2011 | 16.23 | -71.55% | $9.9 | $0.61 |
| 2010 | 57.05 | 110.21% | $25.1 | $0.44 |
Netflix PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 43.09 | -1.96% | $932.53 | $21.64 |
| Dec 2024 | 43.95 | 12.03% | $891.32 | $20.28 |
| Sep 2024 | 39.23 | -4.9% | $709.27 | $18.08 |
| Jun 2024 | 41.25 | -0.02% | $674.88 | $16.36 |
| Mar 2024 | 41.26 | 3.8% | $607.33 | $14.72 |
| Dec 2023 | 39.75 | 7.37% | $486.88 | $12.25 |
| Sep 2023 | 37.02 | -19.82% | $377.6 | $10.2 |
| Jun 2023 | 46.17 | 26.01% | $440.49 | $9.54 |
| Mar 2023 | 36.64 | 25.48% | $345.48 | $9.43 |
| Dec 2022 | 29.2 | 40.79% | $294.88 | $10.1 |
| Sep 2022 | 20.74 | 36.18% | $235.44 | $11.35 |
| Jun 2022 | 15.23 | -54.1% | $174.87 | $11.48 |
| Mar 2022 | 33.18 | -36.39% | $374.59 | $11.29 |
| Dec 2021 | 52.16 | -2.67% | $602.44 | $11.55 |
| Sep 2021 | 53.59 | 0.54% | $610.34 | $11.39 |
NFLX average PE ratio chart
Currently, NFLX's PE ratio is higher than its 3-year average, but it is lower than its 5 and 10-year averages.
NFLX PE vs peers
NFLX's PE ratio stands higher than its peer stocks GOOGL and AMZN. Netflix's current PE ratio of 45.65 is higher than the average of its peers, which is 21.23.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FOXA Fox Corp | 10.02 | $21.41B |
| GOOGL Alphabet Inc | 18.16 | $1.8T |
| DIS Walt Disney Co | 27.18 | $151.85B |
| AMZN Amazon Com Inc | 29.56 | $1.77T |
| NFLX Netflix Inc | 45.65 | $420.54B |
Frequently asked questions
What is Netflix's PE ratio?
As of Apr 21, 2025, NFLX stock has a price to earnings ratio of 45.65.
What is the 3-year average PE ratio for Netflix (NFLX)?
Over the last 3 years, the average price to earnings ratio for NFLX stock is 36.13.
What is the 5-year average PE ratio for Netflix (NFLX)?
Over the last 5 years, the average price to earnings ratio for NFLX stock is 46.35.
What is the highest PE ratio for NFLX?
Over the last ten years, the quarterly PE ratio reached its highest level at 394.41 in the Dec 2015 quarter.
How does the current PE ratio for NFLX compare to its historical average?
NFLX's current price to earnings ratio is 62% below its 10-year historical average.
How is NFLX's PE ratio calculated (Netflix PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 21, 2025), Netflix's share price is $987.91. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $21.64. Therefore, Netflix's PE ratio for today is 45.65. PE RATIO(45.65) = STOCK PRICE($987.91) / TTM EPS($21.64)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.