Question 1

What is Trade Desk's P/E ratio?

Accepted Answer

Trade Desk (TTD) P/E ratio is 19.4× 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 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 29.4×.

Question 5

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

Accepted Answer

Trade Desk's P/E ratio of 19.4× is below its own 5-year average of 212.4× and below the sector median of 29.4×. 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 19.1× 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	$18.2B	$443M	41.1×	-106.6×	Dec 31, 2025
2024	$58.1B	$393M	147.7×	-49.1×	Dec 31, 2024
2023	$35.2B	$179M	196.8×	-214.0×	Dec 31, 2023
2022	$21.9B	$53.4M	410.8×	+90.9×	Dec 31, 2022
2021	$44.1B	$138M	319.9×	+164.8×	Dec 31, 2021
2020	$37.6B	$242M	155.1×	+47.1×	Dec 31, 2020
2019	$11.7B	$108M	108.0×	+51.1×	Dec 31, 2019
2018	$5.02B	$88.1M	56.9×	+20.0×	Dec 31, 2018
2017	$1.88B	$50.8M	37.0×	-15.2×	Dec 31, 2017
2016	$1.07B	$20.5M	52.2×	-38.3×	Dec 31, 2016
2015	$1.42B	$15.7M	90.5×	—	Dec 31, 2015


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Trade Desk (TTD) 2015-2026

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