DraftKings Inc. (DKNG) P/E Ratio History
Deep ValueTrading at -3258.0x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2025–2026
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P/E Ratio Analysis
As of June 23, 2026, DraftKings Inc. (DKNG) trades at a price-to-earnings ratio of -3258.0x, with a stock price of $26.39 and trailing twelve-month earnings per share of $0.11.
The current P/E is 303% below its 5-year average of 1601.8x. Over the past five years, DKNG's P/E has ranged from a low of 180.8x to a high of 3022.8x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, DKNG trades at a 15502% discount to its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, DKNG trades at a notable discount to the S&P 500 median P/E of 24.4x. 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 DKNG 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.
DKNG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
DKNG P/E vs Peers
Online Sports Betting and iCasino peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 207.8 | - | +419%Best | |
| $12B | 61.6 | - | -68% | |
| $328B | 30.6 | 0.93 | +28% | |
| $51B | 57.6 | 14.02 | -17% | |
| $4B | 43.6 | 0.76Best | +200% | |
| $28B | 10.1Lowest | 1.21 | +2% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
DKNG Historical P/E Data (2025–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $21.62 | $0.12 | 180.8x | -89% |
| FY2025 Q4 | Dec 31 2025 | $34.46 | $0.01 | 3022.8x | +89% |
Average P/E for displayed period: 1601.8x
Full Stock Analysis
Deep dive into DKNG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
1+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
DKNG — Frequently Asked Questions
Quick answers to the most common questions about buying DKNG stock.
What is DKNG's P/E ratio?
DraftKings Inc. (DKNG) trailing twelve-month P/E ratio is -3258.0x, based on TTM diluted EPS of $0.11. The 5-year average P/E is 1601.8x and the historical range spans 180.8x to 3022.8x.
Is DKNG stock overvalued or undervalued?
DKNG trades at -3258.0x P/E, below its 5-year average of 1601.8x. At the 0th percentile of its historical range (180.8x–3022.8x), the stock is priced at a discount to its own history.
Is DKNG stock expensive?
No, DKNG is not expensive on a historical basis. The current P/E of -3258.0x is below the 5-year average of 1601.8x and sits at the 0th percentile of its valuation range.
What is DKNG's historical P/E range?
Over the past 5 years, DKNG's P/E ratio has ranged from 180.8x to 3022.8x, with a median of 3022.8x and an average of 1601.8x. The current P/E of -3258.0x places the stock at the 0th percentile of this range. Full historical data spans 2025–2026.
How does DKNG's P/E compare to the S&P 500?
DKNG trades at -3258.0x P/E versus the S&P 500 median of 24.4x. The 13452% discount to the market suggests lower growth expectations or perceived higher risk.
How does DKNG's valuation compare to Consumer Cyclical peers?
DraftKings Inc. P/E of -3258.0x compares to the Consumer Cyclical sector median of 21.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is DKNG's PEG ratio?
DKNG PEG ratio is N/A, based on a P/E of -3258.0x and EPS growth of 99.2%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is DKNG's earnings yield?
DKNG earnings yield is N/A, the inverse of its -3258.0x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.