Question 1

What is Etsy's P/E ratio?

Accepted Answer

Etsy (ETSY) P/E ratio is 34.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Etsy?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Etsy specifically, the relevant sector benchmark is the current sector median of 21.7×.

Question 5

Is Etsy's P/E ratio high or low?

Accepted Answer

Etsy's P/E ratio of 34.2× is above its own 5-year average of 32.9× and above the sector median of 21.7×. That places the current reading at the 54th 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 Etsy's historical P/E ratio range?

Accepted Answer

In the available daily series, Etsy (ETSY) P/E ratio has ranged from a low of 17.7× in 2025 to a high of 128.9× in 2017. The 5-year average is 32.9× and the 5-year median is 29.2×.

Question 7

What was Etsy's P/E ratio in 2025?

Accepted Answer

Etsy (ETSY) P/E ratio at the end of 2025 was 33.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Etsy's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$5.44B	$163M	33.4×	+13.4×	Dec 31, 2025
2024	$6.08B	$303M	20.0×	-11.5×	Dec 31, 2024
2023	$9.69B	$308M	31.5×	—	Dec 31, 2023
2022	$15.1B	-$694M	—	—	Dec 31, 2022
2021	$27.8B	$494M	56.4×	-7.8×	Dec 31, 2021
2020	$22.4B	$349M	64.2×	+9.5×	Dec 31, 2020
2019	$5.25B	$95.9M	54.7×	-19.1×	Dec 31, 2019
2018	$5.72B	$77.5M	73.8×	+43.4×	Dec 31, 2018
2017	$2.49B	$81.8M	30.4×	—	Dec 31, 2017
2016	$1.36B	-$29.9M	—	—	Dec 31, 2016
2015	$922M	-$54.1M	—	—	Dec 31, 2015
2014	$2.81B	-$15.2M	—	—	Dec 31, 2014
2013	$988M	-$359K	—	—	Dec 31, 2013


Ulta Beauty (ULTA)	19.6×
Avery Dennison (AVY)	19.3×
Darden Restaurants (DRI)	19.1×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Domino's Pizza (DPZ)	17.7×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
GameStop (GME)	15.6×
D.R. Horton (DHI)	15.3×
Norwegian Cruise Line (NCLH)	15.0×
Hasbro (HAS)	15.0×
NVR (NVR)	14.8×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Deckers Outdoor (DECK)	13.8×
Lennar (LEN)	13.5×
Weyco Group (WEYS)	12.8×
Carnival Corporation (CCL)	12.4×
KB Home (KBH)	11.7×
Best Buy Co. (BBY)	11.1×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×

P/E Ratio for Etsy (ETSY) 2017-2026

P/E Ratio daily chart for Etsy (ETSY)

Historical P/E Ratio for Etsy (ETSY) from 2013 to 2025

About P/E Ratio at Etsy (ETSY)

Etsy P/E Ratio by Year

Etsy P/E Ratio 2025: 33.4×

Etsy P/E Ratio 2024: 20.0×

Etsy P/E Ratio 2023: 31.5×

Etsy P/E Ratio 2021: 56.4×

Etsy P/E Ratio 2020: 64.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Etsy (ETSY) Key Financials