Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 19.93 as of Saturday, August 1, 2026.
Forward PE Ratio (19.93) = Close Price ($71.71) / Consensus Forward EPS ($3.60)
FORWARD PE RATIO
19.93
SECTOR MEDIAN · COMMUNICATION SERVICES
15.86
median of 21 covered companies
CURRENT VS SECTOR MEDIAN
+25.66%
vs the sector median at left
Netflix, Inc.
Market Cap
$298.60B
Forward PE Ratio
19.93
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Netflix, Inc. (NFLX) | $298.60B | 19.93 |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 9.36 |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 15.86 |
| The Walt Disney Company (DIS)vs › | $167.08B | 14.15 |
| AT&T Inc. (T)vs › | $159.44B | 9.94 |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 39.64 |
| DoorDash, Inc. (DASH)vs › | $85.47B | 77.37 |
| Comcast Corporation (CMCSA)vs › | $85.03B | 6.84 |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | N/A |
| Tencent Holdings Limited (TCEHY)vs › | $553.57B | N/A |
Trailing P/E
22.6
reported TTM EPS
Forward P/E
19.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.60 implies +13.2% EPS growth vs the reported trailing $3.18.
At today's $71.71 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 | $3.60 | $3.56 – $3.69 | 30 | 19.9x |
| 2027-12-31 | $3.82 | $3.57 – $4.05 | 34 | 18.8x |
| 2028-12-31 | $4.57 | $3.82 – $5.11 | 30 | 15.7x |
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
