The PE ratio for Pure Storage stock stands at 191.4 as of Jul 25, 2024. This is calculated based on the TTM EPS of $0.3 and the stock price of $57.42 per share.
Over the last two years, the average PE ratio of Pure Storage has been 278.6. The current 191.4 price-to-earnings ratio is 31% 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.
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's current PE ratio is under its 3 and 5-year averages.
Stock name | PE ratio | Market cap |
---|---|---|
PSTG Pure Storage Inc | 194.23 | $18.95B |
QMCO Quantum Corp | N/A | $38.77M |
STX Seagate Technology plc | N/A | $21.77B |
WDC Western Digital Corp | N/A | $22.29B |
The price to earnings ratio for PSTG stock as of Jul 25, 2024, stands at 191.4.
The 3-year average PE ratio for PSTG stock is 278.6.
The 5-year average PE ratio for PSTG stock is 278.6.
The highest quarterly PE ratio in the last two years has been 505.67 and it was in the Nov 2022 quarter.
The current PE ratio of PSTG is 31% lower than the 2-year historical average.
PSTG's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 191.4 is considered high.
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 (Jul 25, 2024), Pure Storage's share price is $57.42. 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 191.4. PE RATIO(191.4) = STOCK PRICE($57.42) / TTM EPS($0.3)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.