Grayscale Ethereum Mini Trust ETF (ETH) P/E Ratio History
Fairly ValuedTrading at 13.6x, near 5Y avg of 14.3x · 50th percentile · In line with own history · Data 2025–2026
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P/E Ratio Analysis
As of November 8, 2026, Grayscale Ethereum Mini Trust ETF (ETH) trades at a price-to-earnings ratio of 13.6x, with a stock price of $21.21 and trailing twelve-month earnings per share of $1.56.
The current P/E is roughly in line with its 5-year average of 14.3x. Over the past five years, ETH's P/E has ranged from a low of 9.6x to a high of 23.2x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Financial Services sector median P/E of 12.1x, ETH is roughly in line with its sector peers. The sector includes 763 companies with P/E ratios ranging from 0.0x to 190.1x.
Relative to the broader market, ETH trades at a notable discount to the S&P 500 median P/E of 21.8x. 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 ETH 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.
ETH Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ETH 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 Q4 | - | $15.03 | $1.56 | 9.6x | -33% |
| FY2026 Q3 | - | $19.86 | $1.42 | 14.0x | -2% |
| FY2026 Q2 | Dec 31 2025 | $28.06 | $1.56 | 18.0x | +26% |
| FY2026 Q1 | - | $39.18 | $1.69 | 23.2x | +62% |
| FY2025 Q4 | Jun 30 2025 | $23.72 | $1.85 | 12.8x | -10% |
| FY2025 Q3 | Mar 31 2025 | $17.22 | $1.77 | 9.7x | -32% |
| FY2025 Q2 | - | $31.49 | $2.08 | 15.1x | +6% |
| FY2025 Q1 | Sep 30 2024 | $24.40 | $2.07 | 11.8x | -17% |
Average P/E for displayed period: 14.3x
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ETH — Frequently Asked Questions
Quick answers to the most common questions about buying ETH stock.
What is ETH's P/E ratio?
Grayscale Ethereum Mini Trust ETF (ETH) trailing twelve-month P/E ratio is 13.6x, based on TTM diluted EPS of $1.56. The 5-year average P/E is 14.3x and the historical range spans 9.6x to 23.2x.
Is ETH stock overvalued or undervalued?
ETH trades at 13.6x P/E, near its 5-year average of 14.3x. The 50th percentile ranking within the 9.6x–23.2x historical range places valuation within normal bounds.
Is ETH stock expensive?
ETH is fairly valued relative to its own history. The current P/E of 13.6x is near the 5-year average of 14.3x (50th percentile of historical range).
What is ETH's historical P/E range?
Over the past 5 years, ETH's P/E ratio has ranged from 9.6x to 23.2x, with a median of 14.0x and an average of 14.3x. The current P/E of 13.6x places the stock at the 50th percentile of this range. Full historical data spans 2025–2026.
How does ETH's P/E compare to the S&P 500?
ETH trades at 13.6x P/E versus the S&P 500 median of 21.8x. The 38% discount to the market suggests lower growth expectations or perceived higher risk.
How does ETH's valuation compare to Financial Services peers?
Grayscale Ethereum Mini Trust ETF P/E of 13.6x compares to the Financial Services sector median of 12.1x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is ETH's PEG ratio?
ETH PEG ratio is N/A, based on a P/E of 13.6x and EPS growth of -22.4%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is ETH's earnings yield?
ETH earnings yield is 7.36%, the inverse of its 13.6x 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.