Etsy, Inc. (ETSY) P/E Ratio History
Premium ValuationTrading at 54.1x vs 5Y avg 42.2x · 70th percentile · Premium to historical baseline · Data 2017–2026
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P/E Ratio Analysis
As of September 23, 2026, Etsy, Inc. (ETSY) trades at a price-to-earnings ratio of 54.1x, with a stock price of $75.14 and trailing twelve-month earnings per share of $1.75.
The current P/E is 28% above its 5-year average of 42.2x. Over the past five years, ETSY's P/E has ranged from a low of 20.5x to a high of 67.6x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.3x, ETSY trades at a 180% premium to its sector peers. The sector includes 310 companies with P/E ratios ranging from 0.0x to 184.9x.
Relative to the broader market, ETSY commands a significant premium over the S&P 500 median P/E of 25.5x. 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 ETSY 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.
ETSY Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ETSY P/E vs Peers
Specialty Gifts, Hobby and Niche Retail peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $49B | 25.2 | - | +10% | |
| $2.7T | 35.6 | 1.27 | +30% | |
| $192B | 157.2 | 5.36 | -39% | |
| $4B | 91.0 | - | -63% | |
| $12B | 30.1 | - | -77% | |
| $47B | 9.8Lowest | 1.10 | +36%Best | |
| $81B | 14.6 | 0.43Best | -3% | |
| $376M | 17.7 | - | -52% | |
| $1.9T | 31.4 | 1.70 | -2% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ETSY Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $75.33 | $1.83 | 41.2x | -23% |
| FY2026 Q1 | - | $49.98 | $2.44 | 20.5x | -62% |
| FY2025 Q4 | Dec 31 2025 | $55.44 | $1.35 | 41.1x | -23% |
| FY2025 Q3 | - | $66.39 | $1.40 | 47.4x | -12% |
| FY2025 Q2 | Jun 30 2025 | $50.16 | $1.22 | 41.1x | -23% |
| FY2025 Q1 | Mar 31 2025 | $47.18 | $1.38 | 34.2x | -36% |
| FY2024 Q4 | - | $52.89 | $2.35 | 22.5x | -58% |
| FY2024 Q3 | Sep 30 2024 | $55.53 | $1.96 | 28.3x | -47% |
| FY2024 Q2 | Jun 30 2024 | $58.98 | $2.15 | 27.4x | -49% |
| FY2024 Q1 | Mar 31 2024 | $68.72 | $2.19 | 31.4x | -41% |
| FY2023 Q4 | Dec 31 2023 | $81.05 | $2.24 | 36.2x | -33% |
| FY2023 Q3 | Sep 30 2023 | $64.58 | $2.38 | 27.1x | -49% |
| FY2022 Q2 | - | $73.21 | $2.82 | 26.0x | -52% |
| FY2022 Q1 | - | $124.28 | $3.00 | 41.4x | -23% |
| FY2021 Q4 | Dec 31 2021 | $218.94 | $3.41 | 64.2x | +20% |
| FY2021 Q3 | - | $207.96 | $3.38 | 61.5x | +15% |
| FY2021 Q2 | Jun 30 2021 | $205.84 | $3.46 | 59.5x | +11% |
| FY2021 Q1 | Mar 31 2021 | $201.67 | $3.53 | 57.1x | +7% |
| FY2020 Q4 | - | $177.91 | $2.63 | 67.6x | +26% |
| FY2020 Q3 | Sep 30 2020 | $121.63 | $1.80 | 67.6x | +26% |
| FY2020 Q2 | - | $106.23 | $1.22 | 87.1x | +62% |
| FY2020 Q1 | - | $38.44 | $0.61 | 63.0x | +17% |
| FY2019 Q4 | - | $44.30 | $0.75 | 59.1x | +10% |
| FY2019 Q3 | Sep 30 2019 | $56.50 | $0.82 | 68.9x | +28% |
| FY2019 Q2 | Jun 30 2019 | $61.37 | $0.85 | 72.2x | +35% |
| FY2019 Q1 | Mar 31 2019 | $67.22 | $0.74 | 90.8x | +69% |
| FY2018 Q4 | Dec 31 2018 | $47.57 | $0.60 | 79.3x | +48% |
| FY2018 Q3 | Sep 30 2018 | $51.38 | $0.64 | 80.3x | +50% |
| FY2018 Q2 | Jun 30 2018 | $42.19 | $0.70 | 60.3x | +12% |
| FY2018 Q1 | Mar 31 2018 | $28.06 | $0.77 | 36.4x | -32% |
| FY2017 Q4 | Dec 31 2017 | $20.45 | $0.67 | 30.7x | -43% |
| FY2017 Q3 | Sep 30 2017 | $16.88 | $0.12 | 145.0x | +170% |
Average P/E for displayed period: 53.6x
ETSY Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ETSY — Frequently Asked Questions
Quick answers to the most common questions about buying ETSY stock.
What is ETSY's P/E ratio?
Etsy, Inc. (ETSY) trailing twelve-month P/E ratio is 54.1x, based on TTM diluted EPS of $1.75. The 5-year average P/E is 42.2x and the historical range spans 20.5x to 67.6x.
Is ETSY stock overvalued or undervalued?
ETSY trades at 54.1x P/E, above its 5-year average of 42.2x. The 70th percentile ranking within the 20.5x–67.6x historical range indicates a premium to historical valuation.
Is ETSY stock expensive?
Yes, ETSY is expensive relative to its own history. The current P/E of 54.1x is above the 5-year average of 42.2x and also above the Consumer Cyclical sector median of 19.3x. The stock sits at the 70th percentile of its 5-year valuation range.
What is ETSY's historical P/E range?
Over the past 5 years, ETSY's P/E ratio has ranged from 20.5x to 67.6x, with a median of 41.1x and an average of 42.2x. The current P/E of 54.1x places the stock at the 70th percentile of this range. Full historical data spans 2017–2026.
How does ETSY's P/E compare to the S&P 500?
ETSY trades at 54.1x P/E versus the S&P 500 median of 25.5x. The 112% premium to the market typically reflects higher expected earnings growth or quality.
How does ETSY's valuation compare to Consumer Cyclical peers?
Etsy, Inc. P/E of 54.1x compares to the Consumer Cyclical sector median of 19.3x. 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 ETSY's PEG ratio?
ETSY PEG ratio is N/A, based on a P/E of 54.1x and EPS growth of -40.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is ETSY's earnings yield?
ETSY earnings yield is 1.85%, the inverse of its 54.1x 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.