Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 42.72.
Forward PE Ratio (42.72) = Close Price ($533.72) / Consensus Forward EPS ($12.49)
FORWARD PE RATIO
42.72
SECTOR MEDIAN · COMMUNICATION SERVICES
16.79
median of 23 covered companies
CURRENT VS SECTOR MEDIAN
+154.44%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$109.72B
Forward PE Ratio
42.72
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Spotify Technology S.A. (SPOT) | $109.72B | 42.72 |
| DoorDash, Inc. (DASH)vs › | $97.38B | 86.47 |
| Comcast Corporation (CMCSA)vs › | $95.28B | 7.66 |
| Warner Bros. Discovery, Inc. (WBD)vs › | $71.58B | N/A |
| AT&T Inc. (T)vs › | $173.43B | 10.81 |
| Live Nation Entertainment, Inc. (LYV)vs › | $42.31B | N/A |
| The Walt Disney Company (DIS)vs › | $187.13B | 15.68 |
| Fox Corporation (FOXA)vs › | $30.06B | 13.51 |
| Reddit, Inc. (RDDT)vs › | $29.50B | 28.52 |
| EchoStar Corporation (SATS)vs › | $25.07B | 4.56 |
Trailing P/E
33.3
reported TTM EPS
Forward P/E
42.7
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.49 implies -22.1% EPS decline vs the reported trailing $16.03.
At today's $533.72 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $12.49 | $11.79 – $14.54 | 22 | 42.7x |
| 2027-12-31 | $15.63 | $14.45 – $18.81 | 24 | 34.1x |
| 2028-12-31 | $19.61 | $16.94 – $25.58 | 23 | 27.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
