Forward PE Ratio: 38.34
The forward PE ratio is 38.34 as of Thursday, July 9, 2026.
Forward PE Ratio (38.34) = Close Price ($485.88) / Consensus Forward EPS ($12.66)
SPOT Forward PE Ratio Metrics
FORWARD PE RATIO
38.34
SPOT Competitors' Forward PE Ratio
Spotify Technology S.A.
Market Cap
$100.01B
Forward PE Ratio
38.34
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Spotify Technology S.A. (SPOT) | $100.01B | 38.34 |
| DoorDash, Inc. (DASH)vs › | $83.81B | 74.64 |
| Comcast Corporation (CMCSA)vs › | $83.39B | 6.67 |
| Warner Bros. Discovery, Inc. (WBD)vs › | $66.77B | N/A |
| AT&T Inc. (T)vs › | $146.12B | 9.10 |
| Live Nation Entertainment, Inc. (LYV)vs › | $42.49B | N/A |
| Reddit, Inc. (RDDT)vs › | $38.62B | 39.60 |
| The Walt Disney Company (DIS)vs › | $166.98B | 14.18 |
| EchoStar Corporation (SATS)vs › | $28.23B | N/A |
| Verizon Communications Inc. (VZ)vs › | $176.38B | 8.54 |
Trailing vs Forward
Trailing P/E
38.6
reported TTM EPS
Forward P/E
38.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $12.66 implies +0.9% EPS growth vs the reported trailing $12.55.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $485.88 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 | $12.66 | $11.30 – $14.81 | 24 | 38.4x |
| 2027-12-31 | $15.70 | $13.81 – $19.55 | 23 | 31.0x |
| 2028-12-31 | $19.43 | $17.08 – $25.35 | 19 | 25.0x |
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.
Forward PE Ratio Formula & Definition
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
Forward PE Ratio FAQ
- What is the forward PE ratio for Spotify Technology S.A. (SPOT)?
- The forward PE ratio for SPOT stock is 38.34.
Related Metrics
About Spotify Technology S.A.
Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates in two segments, Premium and Ad-Supported. The Premium segment offers online and offline streaming access to its catalog of music and podcasts, including video, lossless music, and audiobooks in select markets through subscription offerings primarily sold directly to end users and partners. The Ad-Supported segment provides limited on-demand online access to its catalog of music and online and offline access to its catalog of podcasts on computers, tablets, mobile devices, and other smart devices. The company also offers sales, distribution and marketing, contract research and development, and customer and other support services. Spotify Technology S.A. was incorporated in 2006 and is headquartered in Stockholm, Sweden.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Alex Norström