Question 1

What is Trade Desk's P/E ratio?

Accepted Answer

Trade Desk (TTD) P/E ratio is 22.0× as of June 5, 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 Trade Desk?

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 Trade Desk specifically, the relevant sector benchmark is the current sector median of 24.9×.

Question 5

Is Trade Desk's P/E ratio high or low?

Accepted Answer

Trade Desk's P/E ratio of 22.0× is below its own 5-year average of 212.4× and below the sector median of 24.9×. That places the current reading at the 0th 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 Trade Desk's historical P/E ratio range?

Accepted Answer

In the available daily series, Trade Desk (TTD) P/E ratio has ranged from a low of 21.9× in 2026 to a high of 1086.5× in 2022. The 5-year average is 212.4× and the 5-year median is 189.2×.

Question 7

What was Trade Desk's P/E ratio in 2025?

Accepted Answer

Trade Desk (TTD) P/E ratio at the end of 2025 was 41.1×. 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 Trade Desk'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	$18.22B	$443.30M	41.1×	-106.6×	Dec 31, 2025
2024	$58.05B	$393.08M	147.7×	-49.1×	Dec 31, 2024
2023	$35.22B	$178.94M	196.8×	-214.0×	Dec 31, 2023
2022	$21.93B	$53.38M	410.8×	+90.9×	Dec 31, 2022
2021	$44.07B	$137.76M	319.9×	+164.8×	Dec 31, 2021
2020	$37.58B	$242.32M	155.1×	+47.1×	Dec 31, 2020
2019	$11.70B	$108.32M	108.0×	+51.1×	Dec 31, 2019
2018	$5.02B	$88.14M	56.9×	+20.0×	Dec 31, 2018
2017	$1.88B	$50.80M	37.0×	-15.2×	Dec 31, 2017
2016	$1.07B	$20.48M	52.2×	-38.3×	Dec 31, 2016
2015	$1.42B	$15.72M	90.5×	—	Dec 31, 2015


Live Nation Entertainment (LYV)	423.6×
Omnicom Group (OMC)	244.9×
DoorDash (DASH)	70.7×
Roku (ROKU)	69.3×
TKO Group Holdings (TKO)	68.9×
Electronic Arts (EA)	57.5×
Telephone and Data Systems (TDS)	36.5×
Reddit (RDDT)	36.4×
Pinterest (PINS)	34.9×
Nebius Group (NBIS)	32.0×
Spotify (SPOT)	31.5×
Netflix (NFLX)	30.4×
T-Mobile US (TMUS)	21.9×
Alphabet (GOOGL)	21.7×
Meta (META)	20.5×
Walt Disney (DIS)	14.5×
Fox (FOXA)	14.5×
News (NWSA)	13.1×
Verizon (VZ)	12.2×
Match Group (MTCH)	11.2×
John Wiley & Sons (WLY)	10.6×
AT&T (T)	9.5×
Comcast (CMCSA)	5.5×
Charter Communications (CHTR)	5.5×

P/E Ratio for Trade Desk (TTD)

P/E Ratio daily chart for Trade Desk (TTD)

Historical P/E Ratio for Trade Desk (TTD) from 2015 to 2025

About P/E Ratio at Trade Desk (TTD)

Trade Desk P/E Ratio by Year

Trade Desk P/E Ratio 2025: 41.1×

Trade Desk P/E Ratio 2024: 147.7×

Trade Desk P/E Ratio 2023: 196.8×

Trade Desk P/E Ratio 2022: 410.8×

Trade Desk P/E Ratio 2021: 319.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Trade Desk (TTD) Key Financials

P/E Ratio daily chart for Trade Desk (TTD)

Historical P/E Ratio for Trade Desk (TTD) from 2015 to 2025

About P/E Ratio at Trade Desk (TTD)

Trade Desk P/E Ratio by Year

Trade Desk P/E Ratio 2025: 41.1×

Trade Desk P/E Ratio 2024: 147.7×

Trade Desk P/E Ratio 2023: 196.8×

Trade Desk P/E Ratio 2022: 410.8×

Trade Desk P/E Ratio 2021: 319.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Trade Desk's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Trade Desk?

+Is Trade Desk's P/E ratio high or low?

+What is Trade Desk's historical P/E ratio range?

+What was Trade Desk's P/E ratio in 2025?

+Why does Trade Desk's P/E ratio change over time?

Trade Desk (TTD) Key Financials