VZ Historical PE Ratio Notes

— Verizon Communications (VZ) is one of the largest telecommunications companies in the U.S., providing wireless & wireline communication services to consumers, businesses, and government clients. The company's core business revolves around mobile phone services, broadband internet, and digital media, making it an essential player in today's connected world. For investors examining VZ's historical P/E ratio, it's important to understand that Verizon's business is considered relatively stable and mature, with steady cash flows driven by recurring subscribers—which can help keep earnings reasonably predictable. However, the stock market has historically assigned Verizon lower P/E ratios compared to fast-growing tech firms, reflecting its slower growth trajectory and the capital-intensive nature of telecommunications infrastructure. Additionally, regulatory influences, competition, and shifting consumer habits (like the move from traditional to streaming media) have affected its earnings and, consequently, its P/E ratio over time. When reviewing historical charts and tables for VZ, consider how periods of heavy investment or regulatory uncertainty, as well as industry trends like 5G rollout, have impacted earnings growth and investor sentiment, causing notable shifts in Verizon's P/E valuation.

On this page we presented the VZ Historical PE Ratio information for Verizon Communications' stock. The average VZ 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 12.0. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average VZ historical PE based on this TTM earnings result method is 11.9.

Let's now compare this VZ historical PE result, against the recent PE: when this page was posted on 10/5/2026, the most recent closing price for VZ had been 45.85, and the most recent quarterly earnings result, annualized, was 5.2. Meanwhile, the most recent TTM earnings summed to 4.88. From these numbers, we calculate the recent VZ PE on 10/5/2026 based on annualized quarterly EPS was 8.8. Based on VZ's history, that recent PE is low relative to the historical average, with the recent PE 26.7% lower than the historical average PE across our data set for Verizon Communications. Looking at the recent VZ PE on 10/5/2026 based on TTM EPS, we calculate the ratio at 9.4. Based on VZ's history, that recent PE is low relative to the historical average, with the recent PE 21.0% lower than the average PE across our Verizon Communications data set with TTM EPS used in the calculation at each period.

Another interesting VZ historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for VZ, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for VZ, we start with the past four EPS numbers and we first sort them from lowest to highest: 1.09, 1.21, 1.28, and 1.30. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 1.21 and 1.28 — which gives us the median of 1.25. Basically the way to think about this 1.25 number is this: for the trailing four earnings reports, 1.25 marks the "middle ground" number where VZ has reported a value higher than 1.25 half the time, and has reported a value lower than 1.25 half the time. Annualizing that median value then gets us to 5/share, which we use as the denominator in our next PE calculation. With 45.85 as the numerator (as of 10/5/2026), the calculation is then 45.85 / 5 = 9.2 as the VZ PE ratio as of 10/5/2026, based on that annualized median value we calculated.

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