Etsy, Inc. (ETSY) P/E Ratio History
Historical price-to-earnings valuation from 2017 to 2026
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ETSY Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Etsy, Inc. (ETSY) trades at a price-to-earnings ratio of 45.3x, with a stock price of $62.95 and trailing twelve-month earnings per share of $2.35.
The current P/E is roughly in line with its 5-year average of 44.5x. Over the past five years, ETSY's P/E has ranged from a low of 20.5x to a high of 87.1x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.3x, ETSY trades at a 135% premium to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 188.7x.
Relative to the broader market, ETSY 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 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $48B | 24.3 | - | +10% | |
| $2.9T | 38.1 | 1.36 | +30% | |
| $140B | 114.5 | 3.91 | -39% | |
| $4B | 87.5 | - | -63% | |
| $15B | 36.5 | - | -77% | |
| $43B | 8.6Lowest | 0.97 | +36%Best | |
| $83B | 14.9 | 0.44Best | -3% | |
| $352M | 16.5 | - | -52% | |
| $1.5T | 25.8 | 1.40 | -2% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ETSY Historical P/E Data (2017–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $49.98 | $2.44 | 20.5x | -62% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $55.44 | $1.35 | 41.1x | -24% |
| FY2025 Q3 | $66.39 | $1.40 | 47.4x | -12% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $50.16 | $1.22 | 41.1x | -24% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $47.18 | $1.38 | 34.2x | -37% |
| FY2024 Q4 | $52.89 | $2.35 | 22.5x | -58% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $55.53 | $1.96 | 28.3x | -48% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $58.98 | $2.15 | 27.4x | -49% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $68.72 | $2.19 | 31.4x | -42% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $81.05 | $2.24 | 36.2x | -33% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $64.58 | $2.38 | 27.1x | -50% |
| FY2022 Q2 | $73.21 | $2.82 | 26.0x | -52% |
Average P/E for displayed period: 54.0x
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Start ComparisonETSY — Frequently Asked Questions
Quick answers to the most common questions about buying ETSY stock.
Is ETSY stock overvalued or undervalued?
ETSY trades at 45.3x P/E, near its 5-year average of 44.5x. The 60th percentile ranking places valuation within normal historical bounds.
How does ETSY's valuation compare to peers?
Etsy, Inc. P/E of 45.3x compares to sector median of 19.3x. The premium reflects expected growth above peers.
What is ETSY's PEG ratio?
ETSY PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2017-2026.