Question 1

What is Amazon's P/S ratio?

Accepted Answer

Amazon (AMZN) P/S ratio is 3.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Amazon?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Amazon specifically, the relevant sector benchmark is the current sector median of 1.8×.

Question 5

Is Amazon's P/S ratio high or low?

Accepted Answer

Amazon's P/S ratio of 3.6× is above its own 5-year average of 3.0× and above the sector median of 1.8×. That places the current reading at the 70th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Amazon's historical P/S ratio range?

Accepted Answer

In the available daily series, Amazon (AMZN) P/S ratio has ranged from a low of 1.1× in 2008 to a high of 4.5× in 2020. The 5-year average is 3.0× and the 5-year median is 3.2×.

Question 7

What was Amazon's P/S ratio in 2025?

Accepted Answer

Amazon (AMZN) P/S ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Amazon's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$2.47T	$717B	3.4×	-0.2×	Dec 31, 2025
2024	$2.32T	$638B	3.6×	+0.9×	Dec 31, 2024
2023	$1.57T	$575B	2.7×	+1.1×	Dec 31, 2023
2022	$858B	$514B	1.7×	-1.9×	Dec 31, 2022
2021	$1.69T	$470B	3.6×	-0.6×	Dec 31, 2021
2020	$1.64T	$386B	4.2×	+1.0×	Dec 31, 2020
2019	$917B	$281B	3.3×	+0.1×	Dec 31, 2019
2018	$736B	$233B	3.2×	-0.0×	Dec 31, 2018
2017	$565B	$178B	3.2×	+0.6×	Dec 31, 2017
2016	$357B	$136B	2.6×	-0.3×	Dec 31, 2016
2015	$318B	$107B	3.0×	+1.3×	Dec 31, 2015
2014	$144B	$89B	1.6×	-0.8×	Dec 31, 2014
2013	$183B	$74.5B	2.5×	+0.6×	Dec 31, 2013
2012	$114B	$61.1B	1.9×	+0.2×	Dec 31, 2012
2011	$78.7B	$48.1B	1.6×	-0.7×	Dec 31, 2011
2010	$81B	$34.2B	2.4×	-0.0×	Dec 31, 2010
2009	$59.2B	$24.5B	2.4×	+1.3×	Dec 31, 2009
2008	$22B	$19.2B	1.1×	-1.5×	Dec 31, 2008
2007	$38.5B	$14.8B	2.6×	+1.1×	Dec 31, 2007
2006	$16.3B	$10.7B	1.5×	-0.8×	Dec 31, 2006
2005	$19.6B	$8.49B	2.3×	-0.3×	Dec 31, 2005
2004	$18.1B	$6.92B	2.6×	-1.4×	Dec 31, 2004
2003	$21B	$5.26B	4.0×	+2.1×	Dec 31, 2003
2002	$7.25B	$3.93B	1.8×	—	Dec 31, 2002


D.R. Horton (DHI)	1.4×
Carnival Corporation (CCL)	1.4×
Lululemon Athletica (LULU)	1.3×
Toll Brothers (TOL)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
XPeng (XPEV)	0.8×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Lennar (LEN)	0.7×
Genuine Parts (GPC)	0.6×
KB Home (KBH)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
Polaris (PII)	0.4×
General Motors (GM)	0.4×
ChargePoint Holdings (CHPT)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

P/S Ratio for Amazon (AMZN) 2002-2026

P/S Ratio daily chart for Amazon (AMZN)

Historical P/S Ratio for Amazon (AMZN) from 2002 to 2025

About P/S Ratio at Amazon (AMZN)

Amazon P/S Ratio by Year

Amazon P/S Ratio 2025: 3.4×

Amazon P/S Ratio 2024: 3.6×

Amazon P/S Ratio 2023: 2.7×

Amazon P/S Ratio 2022: 1.7×

Amazon P/S Ratio 2021: 3.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Amazon (AMZN) Key Financials