16 years of historical data (2010–2025) · Technology · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Meta Platforms, Inc. trades at 27.6x earnings, 20% above its 5-year average of 23.0x, sitting at the 46th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 9%. On a free-cash-flow basis, the stock trades at 4.8x P/FCF, 81% below the 5-year average of 25.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $222.3B | $1.70T | $1.53T | $930.6B | $325.2B | $961.6B | $788.9B | $590.3B | $382.9B | $521.6B | $336.5B |
| Enterprise Value | $270.3B | $1.75T | $1.54T | $925.9B | $337.1B | $958.9B | $782.0B | $581.8B | $373.4B | $513.9B | $327.6B |
| P/E Ratio → | 27.59 | 28.10 | 24.54 | 23.80 | 14.01 | 24.43 | 27.07 | 31.92 | 17.32 | 32.74 | 32.97 |
| P/S Ratio | 1.11 | 8.45 | 9.30 | 6.90 | 2.79 | 8.15 | 9.18 | 8.35 | 6.86 | 12.83 | 12.18 |
| P/B Ratio | 7.68 | 7.82 | 8.38 | 6.08 | 2.59 | 7.70 | 6.15 | 5.84 | 4.55 | 7.02 | 5.69 |
| P/FCF | 4.82 | 36.85 | 28.31 | 21.22 | 17.07 | 24.58 | 33.38 | 27.83 | 24.93 | 29.84 | 28.97 |
| P/OCF | 1.92 | 14.67 | 16.76 | 13.09 | 6.44 | 16.67 | 20.36 | 16.26 | 13.08 | 21.54 | 20.89 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Meta Platforms, Inc.'s enterprise value stands at 2.7x EBITDA, 83% below its 5-year average of 15.5x. The Technology sector median is 15.7x, placing the stock at a 83% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.69 | 9.34 | 6.86 | 2.89 | 8.13 | 9.10 | 8.23 | 6.69 | 12.64 | 11.85 |
| EV / EBITDA | 2.65 | 17.15 | 18.09 | 15.98 | 8.96 | 17.52 | 19.78 | 19.57 | 12.78 | 22.12 | 22.18 |
| EV / EBIT | 3.25 | 20.33 | 21.51 | 19.34 | 11.62 | 20.27 | 23.93 | 20.07 | 14.99 | 24.95 | 26.36 |
| EV / FCF | — | 37.89 | 28.40 | 21.12 | 17.70 | 24.51 | 33.09 | 27.43 | 24.31 | 29.39 | 28.20 |
Margins and return-on-capital ratios measuring operating efficiency
Meta Platforms, Inc. earns an operating margin of 41.4%. Operating margins have expanded from 34.7% to 41.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.2% is exceptionally high. ROIC of 27.6% represents excellent returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.0% | 82.0% | 81.7% | 80.8% | 78.3% | 80.8% | 80.6% | 81.9% | 83.2% | 86.6% | 86.3% |
| Operating Margin | 41.4% | 41.4% | 42.2% | 34.7% | 24.8% | 39.6% | 38.0% | 33.9% | 44.6% | 49.7% | 45.0% |
| Net Profit Margin | 30.1% | 30.1% | 37.9% | 29.0% | 19.9% | 33.4% | 33.9% | 26.1% | 39.6% | 39.2% | 36.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.2% | 30.2% | 37.1% | 28.0% | 18.5% | 31.1% | 25.4% | 20.0% | 27.9% | 23.8% | 19.7% |
| ROA | 18.8% | 18.8% | 24.7% | 18.8% | 13.2% | 24.2% | 19.9% | 16.0% | 24.3% | 21.3% | 17.8% |
| ROIC | 27.6% | 27.6% | 30.9% | 24.5% | 16.7% | 28.8% | 22.9% | 21.5% | 26.5% | 25.9% | 20.7% |
| ROCE | 29.4% | 29.4% | 31.5% | 26.2% | 19.1% | 32.3% | 24.9% | 23.0% | 29.1% | 28.3% | 22.7% |
Solvency and debt-coverage ratios — lower is generally safer
Meta Platforms, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (72% below the sector average of 3.0x). Net debt stands at $48.0B ($83.9B total debt minus $35.9B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.27 | 0.24 | 0.21 | 0.11 | 0.08 | 0.10 | 0.01 | 0.00 | — |
| Debt / EBITDA | 0.82 | 0.82 | 0.58 | 0.64 | 0.71 | 0.25 | 0.27 | 0.36 | 0.02 | 0.01 | — |
| Net Debt / Equity | — | 0.22 | 0.03 | -0.03 | 0.09 | -0.02 | -0.05 | -0.08 | -0.11 | -0.10 | -0.15 |
| Net Debt / EBITDA | 0.47 | 0.47 | 0.06 | -0.08 | 0.32 | -0.05 | -0.18 | -0.29 | -0.33 | -0.33 | -0.60 |
| Debt / FCF | — | 1.04 | 0.10 | -0.11 | 0.63 | -0.07 | -0.29 | -0.40 | -0.62 | -0.44 | -0.77 |
| Interest Coverage | — | — | 97.03 | 104.82 | 156.45 | 2032.74 | — | 1199.30 | 2768.11 | 3367.17 | 1242.70 |
Short-term solvency ratios and asset-utilisation metrics
Meta Platforms, Inc.'s current ratio of 2.60x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.67x to 2.60x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.60 | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Quick Ratio | 2.60 | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Cash Ratio | 1.95 | 1.95 | 2.32 | 2.05 | 1.51 | 2.27 | 4.14 | 3.64 | 5.86 | 11.09 | 10.24 |
| Asset Turnover | — | 0.55 | 0.60 | 0.59 | 0.63 | 0.71 | 0.54 | 0.53 | 0.57 | 0.48 | 0.43 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 35.91 | 37.71 | 43.75 | 42.15 | 43.45 | 48.13 | 49.14 | 49.59 | 52.36 | 52.73 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Meta Platforms, Inc. returns 12.1% to shareholders annually — split between a 0.3% dividend yield and 11.8% buyback yield. The payout ratio of 8.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 0.3% | — | — | — | — | — | — | — | — |
| Payout Ratio | 8.8% | 8.8% | 8.1% | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.6% | 3.6% | 4.1% | 4.2% | 7.1% | 4.1% | 3.7% | 3.1% | 5.8% | 3.1% | 3.0% |
| FCF Yield | 20.7% | 2.7% | 3.5% | 4.7% | 5.9% | 4.1% | 3.0% | 3.6% | 4.0% | 3.4% | 3.5% |
| Buyback Yield | 11.8% | 1.5% | 2.0% | 2.1% | 8.6% | 4.6% | 0.8% | 0.7% | 3.4% | 0.4% | 0.0% |
| Total Shareholder Yield | 12.1% | 1.9% | 2.3% | 2.1% | 8.6% | 4.6% | 0.8% | 0.7% | 3.4% | 0.4% | 0.0% |
| Shares Outstanding | — | $2.6B | $2.6B | $2.6B | $2.7B | $2.9B | $2.9B | $2.9B | $2.9B | $3.0B | $2.9B |
Includes 30+ ratios · 16 years · Updated daily
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View ValuationCompare performance and metrics against top competitors.
Start ComparisonMeta Platforms, Inc.'s current P/E ratio is 27.6x. The historical average is 38.5x. This places it at the 46th percentile of its historical range.
Meta Platforms, Inc.'s current EV/EBITDA is 2.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.0x.
Meta Platforms, Inc.'s return on equity (ROE) is 30.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 21.2%.
Based on historical data, Meta Platforms, Inc. is trading at a P/E of 27.6x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Meta Platforms, Inc.'s current dividend yield is 0.32% with a payout ratio of 8.8%.
Meta Platforms, Inc. has 82.0% gross margin and 41.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Meta Platforms, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.