NFLX Historical PE Ratio Notes

— Netflix (ticker: NFLX) is a leading global streaming entertainment service, offering subscription-based access to a vast library of films, TV series, documentaries, & original content produced under the Netflix brand. Founded in 1997, the company initially operated as a DVD-by-mail service before pioneering the shift to streaming video-on-demand, transforming how people consume media worldwide. Over time, Netflix's business model has evolved to focus almost exclusively on streaming, with subscribers in over 190 countries. The company's historical price-to-earnings (PE) ratio reflects how investors value its potential to grow revenues & earnings relative to its current profitability. In periods of rapid subscriber expansion & ambitious investments in original content, NFLX has often traded at higher PE ratios, as the market anticipated strong future earnings growth even when present-day profits were modest. Conversely, if growth expectations cool or profitability pressures arise, the PE ratio can decline as sentiment adjusts. Understanding Netflix's business fundamentals, spending patterns, and ability to attract & retain subscribers is crucial when interpreting historical PE ratios, as these factors heavily influence how the stock market has valued NFLX's earnings at different points in its history.

On this page we presented the NFLX Historical PE Ratio information for Netflix' stock. The average NFLX 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 121.5. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average NFLX historical PE based on this TTM earnings result method is 131.6. Note: any PE calculations resulting in a value exceeding 500 were discarded as not meaningful. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this NFLX historical PE result, against the recent PE: when this page was posted on 10/7/2026, the most recent closing price for NFLX had been 69.70, and the most recent quarterly earnings result, annualized, was 3.2. Meanwhile, the most recent TTM earnings summed to 2.647. From these numbers, we calculate the recent NFLX PE on 10/7/2026 based on annualized quarterly EPS was 21.8. Based on NFLX's history, that recent PE is low relative to the historical average, with the recent PE 82.1% lower than the historical average PE across our data set for Netflix. Looking at the recent NFLX PE on 10/7/2026 based on TTM EPS, we calculate the ratio at 26.3. Based on NFLX's history, that recent PE is low relative to the historical average, with the recent PE 80.0% lower than the average PE across our Netflix data set with TTM EPS used in the calculation at each period.

Another interesting NFLX historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for NFLX, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for NFLX, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.56, 0.59, 0.70, and 0.80. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.59 and 0.70 — which gives us the median of 0.65. Basically the way to think about this 0.65 number is this: for the trailing four earnings reports, 0.65 marks the "middle ground" number where NFLX has reported a value higher than 0.65 half the time, and has reported a value lower than 0.65 half the time. Annualizing that median value then gets us to 2.6/share, which we use as the denominator in our next PE calculation. With 69.70 as the numerator (as of 10/7/2026), the calculation is then 69.70 / 2.6 = 26.8 as the NFLX PE ratio as of 10/7/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on NFLX or any other given stock, valuation analysis for NFLX 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 Netflix 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 NFLX. Thanks for visiting, and the next time you need to research NFLX 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.