PubMatic, Inc. (PUBM) P/E Ratio History
Historical price-to-earnings valuation from 2020 to 2025
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PUBM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, PubMatic, Inc. (PUBM) trades at a price-to-earnings ratio of -32.7x, with a stock price of $10.14 and trailing twelve-month earnings per share of $-0.29.
The current P/E is 137% below its 5-year average of 87.7x. Over the past five years, PUBM's P/E has ranged from a low of 16.5x to a high of 381.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, PUBM trades at a 219% discount to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
Relative to the broader market, PUBM trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 PUBM 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.
PUBM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 14.1 | - | +494%Best | |
| $11B | 26.4 | 2.00 | +17% | |
| $2B | 37.2 | 2.04 | -6% | |
| $2B | 45.0 | - | +413% | |
| $811M | 6.0Lowest | 0.34Best | +39% | |
| $158B | 48.1 | - | +115% | |
| $3B | 93.1 | - | +104% | |
| $4.8T | 36.8 | 1.23 | +34% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PUBM Historical P/E Data (2020–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $9.14 | $0.08 | 118.9x | +36% |
| FY2024 Q4 | $14.69 | $0.23 | 64.5x | -26% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $14.87 | $0.31 | 48.3x | -45% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $20.31 | $0.36 | 56.7x | -35% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $23.72 | $0.21 | 111.5x | +27% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $16.31 | $0.15 | 107.5x | +23% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $12.10 | $0.03 | 381.7x | +335% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $18.28 | $0.06 | 304.7x | +248% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $13.82 | $0.31 | 44.6x | -49% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $12.81 | $0.50 | 25.4x | -71% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $16.63 | $0.78 | 21.2x | -76% |
| FY2022 Q2 | $15.89 | $0.96 | 16.5x | -81% |
Average P/E for displayed period: 87.7x
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Start ComparisonPUBM — Frequently Asked Questions
Quick answers to the most common questions about buying PUBM stock.
Is PUBM stock overvalued or undervalued?
PUBM trades at -32.7x P/E, below its 5-year average of 87.7x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does PUBM's valuation compare to peers?
PubMatic, Inc. P/E of -32.7x compares to sector median of 27.5x. The discount suggests lower growth expectations or higher risk.
What is PUBM's PEG ratio?
PUBM PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2020-2025.