Amazon.com, Inc. (AMZN) P/E Ratio History
Historical price-to-earnings valuation from 2003 to 2026
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AMZN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Amazon.com, Inc. (AMZN) trades at a price-to-earnings ratio of 37.8x, with a stock price of $271.17 and trailing twelve-month earnings per share of $8.35.
The current P/E is 42% below its 5-year average of 65.3x. Over the past five years, AMZN's P/E has ranged from a low of 24.9x to a high of 245.9x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.4x, AMZN trades at a 95% premium to its sector peers. The sector includes 302 companies with P/E ratios ranging from 0.1x to 199.2x.
The PEG ratio of 1.35 (P/E divided by 30% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AMZN commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AMZN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AMZN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3.1T | 30.9 | 1.64 | +16% | |
| $4.8T | 36.8 | 1.23Best | +34%Best | |
| $1.6T | 26.3 | 1.43 | -2% | |
| $4.2T | 38.5 | 2.16 | +23% | |
| $1.0T | 47.7 | 4.33 | +13% | |
| $145B | 118.9 | 4.06 | -39% | |
| $49B | 24.5 | - | +10% | |
| $57B | 15.5Lowest | - | -8% | |
| $179B | 23.9 | 1.95 | +23% | |
| $559B | 44.8 | 6.31 | +17% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AMZN Historical P/E Data (2003–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $208.27 | $8.36 | 24.9x | -87% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $230.82 | $7.17 | 32.2x | -83% |
| FY2025 Q3 | $219.57 | $7.08 | 31.0x | -84% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $219.39 | $6.56 | 33.4x | -83% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $190.26 | $6.14 | 31.0x | -84% |
| FY2024 Q4 | $219.39 | $5.53 | 39.7x | -80% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $186.33 | $4.67 | 39.9x | -79% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $193.25 | $4.18 | 46.2x | -76% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $180.38 | $3.57 | 50.5x | -74% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $151.94 | $2.90 | 52.4x | -73% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $127.12 | $1.93 | 65.9x | -66% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $130.36 | $1.27 | 102.6x | -47% |
Average P/E for displayed period: 193.5x
Full AMZN Stock Analysis
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Start ComparisonAMZN — Frequently Asked Questions
Quick answers to the most common questions about buying AMZN stock.
Is AMZN stock overvalued or undervalued?
AMZN trades at 37.8x P/E, below its 5-year average of 65.3x. At the 25th percentile of historical range, the stock is priced at a discount to its own history.
How does AMZN's valuation compare to peers?
Amazon.com, Inc. P/E of 37.8x compares to sector median of 19.4x. The premium reflects expected growth above peers.
What is AMZN's PEG ratio?
AMZN PEG ratio is 1.35. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2003-2026.