VZ
Verizon Communications
PE ratio, current and historical analysis
- Stocks
- Communication Services
- NYSE: VZ
- PE Ratio
As of Jul 22, 2026, the Verizon Communications stock's PE ratio is 10.8. This takes into account the latest EPS of $4.1 and stock price of $44.29. The PE ratio has grown by 3.7% from its last 4 quarters average of 10.4.
VZ PE ratio history
The PE ratio of Verizon Communications has averaged 11.58 over the last ten years. The current P/E ratio of 10.8 is 7% lower than the historical average. Looking back at the last ten years, VZ's PE ratio peaked in the Sep 2024 quarter at 19.36, when the price was $44.91 and the EPS was $2.32. The lowest point was in the Mar 2018 quarter, when it reached 6.26 with a price of $47.82 and an EPS of $7.64.
Verizon Communications PE ratio by year
Maximum annual increase: 195.72% in 2012
Maximum annual decrease: -91.22% in 2013
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.03 | 4.05% | $40.73 | $4.06 |
| 2024 | 9.64 | -29.43% | $39.99 | $4.15 |
| 2023 | 13.66 | 75.35% | $37.7 | $2.76 |
| 2022 | 7.79 | -20.27% | $39.4 | $5.06 |
| 2021 | 9.77 | -28.48% | $51.96 | $5.32 |
| 2020 | 13.66 | 3.64% | $58.75 | $4.3 |
| 2019 | 13.18 | -11.84% | $61.4 | $4.66 |
| 2018 | 14.95 | 108.22% | $56.22 | $3.76 |
| 2017 | 7.18 | -56.69% | $52.93 | $7.37 |
| 2016 | 16.58 | 57.16% | $53.38 | $3.22 |
| 2015 | 10.55 | -45.42% | $46.22 | $4.38 |
| 2014 | 19.33 | 57.8% | $46.78 | $2.42 |
| 2013 | 12.25 | -91.22% | $49.14 | $4.01 |
| 2012 | 139.58 | 195.72% | $43.27 | $0.31 |
| 2011 | 47.2 | 18.71% | $40.12 | $0.85 |
Verizon Communications PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 12.24 | 22.03% | $50.2 | $4.1 |
| Dec 2025 | 10.03 | 7.27% | $40.73 | $4.06 |
| Sep 2025 | 9.35 | -6.87% | $43.95 | $4.7 |
| Jun 2025 | 10.04 | -6.6% | $43.27 | $4.31 |
| Mar 2025 | 10.75 | 11.51% | $45.36 | $4.22 |
| Dec 2024 | 9.64 | -50.21% | $39.99 | $4.15 |
| Sep 2024 | 19.36 | 25.31% | $44.91 | $2.32 |
| Jun 2024 | 15.45 | -1.34% | $41.24 | $2.67 |
| Mar 2024 | 15.66 | 14.64% | $41.96 | $2.68 |
| Dec 2023 | 13.66 | 109.51% | $37.7 | $2.76 |
| Sep 2023 | 6.52 | -12.13% | $32.41 | $4.97 |
| Jun 2023 | 7.42 | -1.72% | $37.19 | $5.01 |
| Mar 2023 | 7.55 | -3.08% | $38.89 | $5.15 |
| Dec 2022 | 7.79 | -5.46% | $39.4 | $5.06 |
| Sep 2022 | 8.24 | -18.98% | $37.97 | $4.61 |
VZ Price vs fair value
VZ average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of VZ is higher than its 5-year average, but it is lower than its 3 and 10-year averages.
PE comparison
Verizon Communications's price to earnings (P/E) of 10.8 is lower than the Communication Services sector, the industry and its peers average. In comparison with the Communication Services sector average of 26.58, Verizon Communications's price to earnings (P/E) is 59% lower.
VZ PE vs peers
In comparison to its peers AAPL and GOOGL, VZ's PE ratio is lower, but it is higher than T's. Verizon Communications's PE ratio is trading below the peer average of 26.59.
| Stock name | PE ratio | Market cap |
|---|---|---|
| T At&T Inc | 7.7 | $159.35B |
| VZ Verizon Communications Inc | 10.81 | $185.1B |
| AD Array Digital Infrastructure Inc. | 14.34 | $3B |
| SPOK Spok Holdings Inc | 17.18 | $222.45M |
| TMUS T-Mobile US Inc | 19.13 | $195.44B |
| GOOGL Alphabet Inc | 24.54 | $3.94T |
| AAPL Apple Inc | 39.31 | $4.79T |
| TDS Telephone & Data Systems Inc | 61.47 | $3.84B |
| SHEN Shenandoah Telecommunications Co | N/A | $650.59M |
Frequently asked questions
What is Verizon Communications's PE ratio?
As of Jul 22, 2026, VZ stock has a price to earnings ratio of 10.8.
What is the 3-year average PE ratio for Verizon Communications (VZ)?
The 3-year average price to earnings ratio for VZ stock is 12.06.
What is the 5-year average PE ratio for Verizon Communications (VZ)?
The 5-year average price to earnings ratio for VZ stock is 10.72.
What is the highest PE ratio for VZ?
Over the last ten years, the quarterly PE ratio reached its highest level at 19.36 in the Sep 2024 quarter.
How does the current PE ratio for VZ compare to its historical average?
VZ's price to earnings ratio is currently 7% below its 10-year historical average.
How is VZ's PE ratio calculated (Verizon Communications 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 (Jul 22, 2026), Verizon Communications's share price is $44.29. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $4.1. Therefore, Verizon Communications's PE ratio for today is 10.8. PE RATIO(10.8) = STOCK PRICE($44.29) / TTM EPS($4.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.