Riot Platforms, Inc. (RIOT) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2025
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RIOT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Riot Platforms, Inc. (RIOT) trades at a price-to-earnings ratio of -10.4x, with a stock price of $20.34 and trailing twelve-month earnings per share of $-2.49.
The current P/E is 110% below its 5-year average of 106.8x. Over the past five years, RIOT's P/E has ranged from a low of 15.8x to a high of 515.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, RIOT trades at a 178% discount to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
Relative to the broader market, RIOT trades at a notable discount to 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 RIOT 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.
RIOT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $3B | 12.0 | -Best | +262%Best | |
| $18B | 140.4 | -Best | +234% | |
| $577M | 8.9Lowest | -Best | +225% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
RIOT Historical P/E Data (2021–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $19.03 | $0.37 | 51.4x | -52% | |
| FY2024 Q4 | $10.21 | $0.38 | 26.9x | -75% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $7.42 | $0.29 | 25.6x | -76% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $9.14 | $0.58 | 15.8x | -85% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $12.24 | $0.73 | 16.8x | -84% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $15.47 | $0.03 | 515.7x | +383% |
| FY2022 Q1 | $21.17 | $0.18 | 117.6x | +10% | |
| FY2021 Q3 | $25.70 | $0.27 | 95.2x | -11% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $37.67 | $0.39 | 96.2x | -10% |
Average P/E for displayed period: 106.8x
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Start ComparisonRIOT — Frequently Asked Questions
Quick answers to the most common questions about buying RIOT stock.
Is RIOT stock overvalued or undervalued?
RIOT trades at -10.4x P/E, below its 5-year average of 106.8x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does RIOT's valuation compare to peers?
Riot Platforms, Inc. P/E of -10.4x compares to sector median of 13.3x. The discount suggests lower growth expectations or higher risk.
What is RIOT's PEG ratio?
RIOT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2021-2025.