Riot Platforms, Inc. (RIOT) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Riot Platforms, Inc. (RIOT) trades at a price-to-earnings ratio of 47.9x, with a stock price of $16.29 and trailing twelve-month earnings per share of $0.41.
The current P/E is 55% below its 5-year average of 106.9x. 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 44th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.8x, RIOT trades at a 248% premium to its sector peers. The sector includes 789 companies with P/E ratios ranging from 0.0x to 196.2x.
Relative to the broader market, RIOT commands a significant premium over the S&P 500 median P/E of 26.2x. 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 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.
Peer Comparison
P/E metrics vs. Bitcoin Mining and Data Centers peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
IRENIREN Limited | $14B | 105.0 | -Best | +234% |
BMNRBitmine Immersion Technologies, Inc. | $8B | 1.4 | -Best | +87774%Best |
RIOTRiot Platforms, Inc. | $6B | 47.9 | -Best | +221% |
BTBTBit Digital, Inc. | $538M | 8.3 | -Best | +225% |
FUFUBitFuFu Inc. | $387M | 7.2 | -Best | - |
ABTCAmerican Bitcoin Corp | $199M | 2.2 | -Best | +978% |
CLSKWCleanSpark, Inc. | $89M | 0.3Lowest | -Best | +262% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
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 | $0.36 | 52.9x | -51% | |
| 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 | +382% |
| 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: 106.9x
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Start ComparisonFrequently Asked Questions
Is RIOT stock overvalued or undervalued?
RIOT trades at 47.9x P/E, below its 5-year average of 106.9x. At the 44th 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 47.9x compares to sector median of 13.8x. The premium reflects expected growth above peers.
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.