Toast, Inc. (TOST) P/E Ratio History
Historical price-to-earnings valuation from 2025 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 3, 2026, Toast, Inc. (TOST) trades at a price-to-earnings ratio of 48.8x, with a stock price of $27.31 and trailing twelve-month earnings per share of $0.56.
The current P/E is 54% below its 5-year average of 105.5x. Over the past five years, TOST's P/E has ranged from a low of 66.0x to a high of 141.4x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, TOST trades at a 93% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
Relative to the broader market, TOST 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 TOST 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. Payments and fintech infrastructure peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
XYZBlock, Inc. | $38B | 30.3 | 0.83 | -54% |
CPAYCorpay, Inc. | $23B | 23.3 | 3.30 | +6% |
AFRMAffirm Holdings, Inc. | $15B | 313.2 | - | +109% |
TOSTToast, Inc. | $14B | 48.8 | - | +1639%Best |
KSPIJoint Stock Company Kaspi.kz | $13B | 6.5Lowest | 0.16Best | +24% |
WEXWEX Inc. | $5B | 19.9 | 1.23 | +22% |
KLARKlarna Group plc | $5B | 2023.9 | - | +101% |
ACIWACI Worldwide, Inc. | $4B | 18.4 | 0.65 | +13% |
RELYRemitly Global, Inc. | $3B | 53.9 | - | +263% |
EEFTEuronet Worldwide, Inc. | $3B | 10.8 | - | +17% |
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 Q4 | Wed Dec 31 2025 00:00:00 GM | $35.51 | $0.54 | 66.0x | -37% |
| FY2025 Q3 | $36.51 | $0.43 | 84.3x | -20% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $44.29 | $0.34 | 130.0x | +23% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $33.17 | $0.23 | 141.4x | +34% |
Average P/E for displayed period: 105.5x
See TOST's True Return
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Start ComparisonFrequently Asked Questions
Is TOST stock overvalued or undervalued?
TOST trades at 48.8x P/E, below its 5-year average of 105.5x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does TOST's valuation compare to peers?
Toast, Inc. P/E of 48.8x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is TOST's PEG ratio?
TOST PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2025-2025.