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PSTG Pure Storage PE ratio, current and historical analysis

The PE ratio for Pure Storage stock stands at 227.83 as of Jun 18, 2024. This is calculated based on the TTM EPS of $0.3 and the stock price of $68.35 per share.

PSTG PE ratio history

How has PSTG's PE ratio performed in the past

Over the last two years, the average PE ratio of Pure Storage has been 278.6. The current 227.83 price-to-earnings ratio is 18% less than the historical average. Analyzing the last two years, PSTG's PE ratio reached its highest point in the Nov 2022 quarter at 505.67, with a price of $30.34 and an EPS of $0.06. The Feb 2023 quarter saw the lowest point at 124.63, with a price of $29.91 and an EPS of $0.24.

Average
278.6
Median
211.25
Minimum
124.63
Maximum
505.67

Pure Storage PE ratio by year

Year PE ratio Change
2024 211.25 N/A
2022 N/A N/A
2021 N/A N/A
2020 N/A N/A
2019 N/A N/A
2018 N/A N/A
2017 N/A N/A
2016 N/A N/A
2015 N/A N/A
2014 N/A N/A

PSTG average PE ratio chart

What is the average PE ratio of PSTG for the past years

PSTG's current PE ratio is under its 3 and 5-year averages.

3-year avg
278.6
5-year avg
278.6
10-year avg
N/A
15-year avg
N/A

PSTG PE vs peers

What is PSTG's PE ratio compared to its peers
Stock name PE ratio Market cap
PSTG Pure Storage Inc 226.63 $22.11B
QMCO Quantum Corp N/A $33.76M
STX Seagate Technology plc N/A $21.67B
WDC Western Digital Corp N/A $25.71B

Frequently asked questions

What is Pure Storage's PE ratio?

The price to earnings ratio for PSTG stock as of Jun 18, 2024, stands at 227.83.

What is the 3-year average PE ratio for Pure Storage (PSTG)?

The 3-year average PE ratio for PSTG stock is 278.6.

What is the 5-year average PE ratio for Pure Storage (PSTG)?

The 5-year average PE ratio for PSTG stock is 278.6.

What is the highest PE ratio for PSTG?

The highest quarterly PE ratio in the last two years has been 505.67 and it was in the Nov 2022 quarter.

How does the current PE ratio for PSTG compare to its historical average?

The current PE ratio of PSTG is 18% lower than the 2-year historical average.

Why is Pure Storage's PE ratio so high?

PSTG's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 227.83 is considered high.

How is PSTG's PE ratio calculated (Pure Storage PE ratio formula)?

The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jun 18, 2024), Pure Storage's share price is $68.35. The company's earnings per share for the trailing twelve months (TTM) ending May 2024 is $0.3. Therefore, Pure Storage's price to earnings ratio for today is 227.83. PE RATIO(227.83) = STOCK PRICE($68.35) / TTM EPS($0.3)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.