DKNG Historical PE Ratio Notes

— DraftKings Inc. (ticker symbol: DKNG) operates as a digital sports entertainment & gaming company, most prominently known for its online sports betting, iGaming (online casino), & daily fantasy sports platforms. The company generates revenue primarily through user wagers, platform fees, and partnerships with sports leagues. Importantly, DraftKings has been in a rapid growth phase since its public debut via SPAC merger in 2020, aggressively expanding into new markets as state regulations evolve. This growth strategy has entailed significant marketing & product development expenditures, with profitability only beginning to approach as the company scales. As a result, when you review DKNG’s historical price, earnings, and pe ratio data, you will notice that for much of its trading history the company reported negative or minimal earnings, rendering traditional PE ratios either very high or not meaningful (often “N/A”). Any PE ratio you see should be interpreted in the context of these early-stage, high-growth dynamics, where investor focus was more on revenue growth & market position than on near-term profits. As DraftKings matures and moves towards sustained profitability, its PE ratio may start to become a more conventional valuation metric.

On this page we presented the DKNG Historical PE Ratio information for DraftKings' stock. The average DKNG historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 78.8. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average DKNG historical PE based on this TTM earnings result method is 131.4. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this DKNG historical PE result, against the recent PE: when this page was posted on 10/14/2026, the most recent closing price for DKNG had been 18.90, and the most recent quarterly earnings result, annualized, was 0.36. Meanwhile, the most recent TTM earnings summed to 0.39. From these numbers, we calculate the recent DKNG PE on 10/14/2026 based on annualized quarterly EPS was 52.5. Based on DKNG's history, that recent PE is low relative to the historical average, with the recent PE 33.4% lower than the historical average PE across our data set for DraftKings. Looking at the recent DKNG PE on 10/14/2026 based on TTM EPS, we calculate the ratio at 48.5. Based on DKNG's history, that recent PE is low relative to the historical average, with the recent PE 63.1% lower than the average PE across our DraftKings data set with TTM EPS used in the calculation at each period.

Another interesting DKNG historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for DKNG, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for DKNG, we start with the past four EPS numbers and we first sort them from lowest to highest: -0.26, 0.09, 0.20, and 0.36. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.09 and 0.20 — which gives us the median of 0.15. Basically the way to think about this 0.15 number is this: for the trailing four earnings reports, 0.15 marks the "middle ground" number where DKNG has reported a value higher than 0.15 half the time, and has reported a value lower than 0.15 half the time. Annualizing that median value then gets us to 0.6/share, which we use as the denominator in our next PE calculation. With 18.90 as the numerator (as of 10/14/2026), the calculation is then 18.90 / 0.6 = 31.5 as the DKNG PE ratio as of 10/14/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on DKNG or any other given stock, valuation analysis for DKNG can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate DraftKings PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for DKNG. Thanks for visiting, and the next time you need to research DKNG Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.