Price to Earnings (P/E)
since 2016
Calculation
Trade Desk Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stockholders1 (in thousands) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 21, 2025 | 90.94 | = | 72.06 | ÷ | 0.79 | 0.79 | = | 393,076 | ÷ | 496,088,557 | |
| Feb 15, 2024 | 206.87 | = | 75.71 | ÷ | 0.37 | 0.37 | = | 178,940 | ÷ | 488,936,831 | |
| Feb 15, 2023 | 609.53 | = | 66.30 | ÷ | 0.11 | 0.11 | = | 53,385 | ÷ | 490,794,798 | |
| Feb 16, 2022 | 284.75 | = | 80.91 | ÷ | 0.28 | 0.28 | = | 137,762 | ÷ | 484,832,580 | |
| Feb 19, 2021 | 176.64 | = | 90.34 | ÷ | 0.51 | 0.51 | = | 242,317 | ÷ | 473,796,260 | |
| Feb 28, 2020 | 120.88 | = | 28.73 | ÷ | 0.24 | 0.24 | = | 108,318 | ÷ | 455,737,000 | |
| Feb 22, 2019 | 98.86 | = | 19.77 | ÷ | 0.20 | 0.20 | = | 88,140 | ÷ | 440,736,240 | |
| Feb 28, 2018 | 46.38 | = | 5.63 | ÷ | 0.12 | 0.12 | = | 50,798 | ÷ | 418,501,360 | |
| Feb 16, 2017 | — | = | 3.34 | ÷ | -0.07 | -0.07 | = | -26,727 | ÷ | 391,792,430 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Trade Desk Inc. Annual Report.
- Share Price
- The share price exhibited strong growth overall between February 2017 and February 2025, rising from $3.34 to $72.06. Notable increases occurred from 2018 to 2021, peaking at $90.34 in February 2021. After this peak, a decline was observed through 2023, reaching $66.30, followed by a partial recovery in 2024 to $75.71 and a slight decrease to $72.06 in 2025.
- Earnings Per Share (EPS)
- EPS showed a transition from negative to positive values by 2018, increasing progressively until 2021 where it reached $0.51. Subsequently, EPS declined to $0.11 in 2023 before rising again to $0.79 in 2025, indicating some volatility with a generally upward trend across the period.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio started without values but from 2018 onwards showed a significant upward trend with substantial volatility. It rose sharply from 46.38 in 2018 to a peak of 609.53 in 2023, reflecting a period of potentially high investor optimism or possibly low earnings relative to price. Following this peak, the P/E ratio declined notably to 90.94 in 2025, approaching more moderate valuation levels.
Comparison to Competitors
Trade Desk Inc., P/E, long-term trends, comparison to competitors
| Trade Desk Inc. | Alphabet Inc. | Charter Communications Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|---|
| Feb 21, 2025 | 90.94 | 0.00 | 9.65 | 7.86 | 27.91 | 47.72 | 39.74 |
| Feb 15, 2024 | 206.87 | 23.89 | 10.17 | 12.01 | 30.97 | 45.65 | 73.44 |
| Feb 15, 2023 | 609.53 | 22.47 | 11.91 | 31.38 | 21.10 | 36.17 | 54.90 |
| Feb 16, 2022 | 284.75 | 25.74 | 21.92 | 16.01 | 16.44 | 33.56 | 137.89 |
| Feb 19, 2021 | 176.64 | 34.65 | 36.53 | 22.37 | 25.89 | 86.39 | — |
| Feb 28, 2020 | 120.88 | 28.96 | 65.14 | 15.39 | 32.31 | 80.66 | 23.96 |
| Feb 22, 2019 | 98.86 | 25.92 | 60.65 | 14.11 | 21.51 | 118.55 | 13.36 |
| Feb 28, 2018 | 46.38 | 59.34 | 9.34 | 8.70 | 35.20 | 220.95 | 17.28 |
| Feb 16, 2017 | — | 28.45 | 24.77 | 20.56 | 37.05 | 328.44 | 16.65 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
Comparison to Sector (Media & Entertainment)
Trade Desk Inc., P/E, long-term trends, comparison to sector (media & entertainment)
| Trade Desk Inc. | Media & Entertainment | |
|---|---|---|
| Feb 21, 2025 | 90.94 | 12.97 |
| Feb 15, 2024 | 206.87 | 26.01 |
| Feb 15, 2023 | 609.53 | 24.02 |
| Feb 16, 2022 | 284.75 | 24.17 |
| Feb 19, 2021 | 176.64 | 36.67 |
| Feb 28, 2020 | 120.88 | 28.91 |
| Feb 22, 2019 | 98.86 | 23.00 |
| Feb 28, 2018 | 46.38 | 26.60 |
| Feb 16, 2017 | — | 27.55 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).
Comparison to Industry (Communication Services)
Trade Desk Inc., P/E, long-term trends, comparison to industry (communication services)
| Trade Desk Inc. | Communication Services | |
|---|---|---|
| Feb 21, 2025 | 90.94 | 13.41 |
| Feb 15, 2024 | 206.87 | 23.68 |
| Feb 15, 2023 | 609.53 | 25.07 |
| Feb 16, 2022 | 284.75 | 21.29 |
| Feb 19, 2021 | 176.64 | 36.85 |
| Feb 28, 2020 | 120.88 | 24.90 |
| Feb 22, 2019 | 98.86 | 19.95 |
| Feb 28, 2018 | 46.38 | 17.48 |
| Feb 16, 2017 | — | 24.37 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31).