Pure Storage, Inc. (PSTG) P/E Ratio History
Historical price-to-earnings valuation from 2023 to 2026
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PSTG Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Pure Storage, Inc. (PSTG) trades at a price-to-earnings ratio of 142.5x, with a stock price of $66.97 and trailing twelve-month earnings per share of $0.54.
The current P/E is 44% below its 5-year average of 253.2x. Over the past five years, PSTG's P/E has ranged from a low of 121.8x to a high of 700.9x, placing the current valuation at the 46th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, PSTG trades at a 415% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, PSTG 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 PSTG 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.
PSTG P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $22B | 19.9 | 1.99 | +22% | |
| $217B | 20.7 | 1.67 | +74% | |
| $167B | 113.2 | 9.20 | +328% | |
| $157B | 90.6 | - | +296% | |
| $12B | 70.7 | - | +227% | |
| $952M | 14.5Lowest | - | -2% | |
| $5.1T | 43.2 | 0.45Best | +67% | |
| $729B | 85.2 | 3.25 | +984%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PSTG Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Wed Dec 31 2025 00:00:00 GM | $67.01 | $0.55 | 121.8x | -52% |
| FY2026 Q3 | Sun Nov 02 2025 00:00:00 GM | $98.70 | $0.38 | 259.7x | +3% |
| FY2026 Q2 | Sun Aug 03 2025 00:00:00 GM | $54.51 | $0.41 | 133.0x | -47% |
| FY2026 Q1 | Sun May 04 2025 00:00:00 GM | $47.84 | $0.37 | 129.3x | -49% |
| FY2025 Q4 | Fri Jan 31 2025 00:00:00 GM | $67.79 | $0.30 | 226.0x | -11% |
| FY2025 Q3 | Sun Nov 03 2024 00:00:00 GM | $50.95 | $0.38 | 134.1x | -47% |
| FY2025 Q2 | Sun Aug 04 2024 00:00:00 GM | $54.29 | $0.40 | 135.7x | -46% |
| FY2025 Q1 | Sun May 05 2024 00:00:00 GM | $52.24 | $0.28 | 188.6x | -26% |
| FY2024 Q4 | Wed Jan 31 2024 00:00:00 GM | $39.99 | $0.17 | 239.5x | -5% |
| FY2024 Q3 | Sun Nov 05 2023 00:00:00 GM | $34.96 | $0.19 | 187.0x | -26% |
| FY2024 Q1 | Sun May 07 2023 00:00:00 GM | $22.64 | $0.03 | 700.9x | +177% |
| FY2023 Q4 | $28.94 | $0.21 | 135.7x | -46% |
Average P/E for displayed period: 253.2x
Full PSTG Stock Analysis
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Start ComparisonPSTG — Frequently Asked Questions
Quick answers to the most common questions about buying PSTG stock.
Is PSTG stock overvalued or undervalued?
PSTG trades at 142.5x P/E, below its 5-year average of 253.2x. At the 46th percentile of historical range, the stock is priced at a discount to its own history.
How does PSTG's valuation compare to peers?
Pure Storage, Inc. P/E of 142.5x compares to sector median of 27.7x. The premium reflects expected growth above peers.
What is PSTG's PEG ratio?
PSTG PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2023-2026.