Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
Verizon Communications Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Verizon Communications Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Verizon Communications Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The valuation ratios exhibit a cyclical pattern characterized by a general contraction through the first half of 2023, followed by a period of heightened volatility and subsequent stabilization through early 2026.
- Price to Earnings (P/E) Ratio
- A consistent decline is observed from March 2022 (9.51) to a trough in June 2023 (6.80). This period of contraction was followed by a sharp expansion, peaking at 17.78 in September 2024. A significant correction occurred in December 2024, returning the ratio to 9.75, before it entered a phase of moderate fluctuation between 8.55 and 12.02 through March 2026.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio closely mirrors the trajectory of the P/E ratio, suggesting that valuation shifts were driven by broader market sentiment or overall profitability changes. The ratio decreased from 6.27 in March 2022 to a low of 4.78 in June 2023, peaked at 7.97 in September 2024, and subsequently stabilized within a range of 5.35 to 7.05 in the final periods analyzed.
- Price to Sales (P/S) Ratio
- This metric demonstrates the highest level of relative stability. Following a decline from 1.52 in March 2022 to a low of 1.06 in June 2023, the ratio underwent a gradual and steady recovery, ending the period at 1.44 in March 2026.
- Price to Book Value (P/BV) Ratio
- A notable contraction is evident from March 2022 (2.43) to September 2023 (1.48). Following this trough, the ratio stabilized and experienced a moderate recovery, fluctuating between 1.72 and 1.98 from December 2023 through March 2026, indicating an increase in market valuation relative to the company's book value.
Price to Earnings (P/E)
Verizon Communications Inc., historical P/E calculation (quarterly data)
| Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Net income attributable to Verizon (in millions) | |||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||
| AT&T Inc. | |||||||||||||||||||||||
| T-Mobile US Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
EPS
= (Net income attributable to VerizonQ1 2026
+ Net income attributable to VerizonQ4 2025
+ Net income attributable to VerizonQ3 2025
+ Net income attributable to VerizonQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
An analysis of the valuation metrics reveals a period of significant volatility in earnings per share (EPS) and a corresponding impact on the price-to-earnings (P/E) ratio between early 2022 and early 2026.
- Share Price Trends
- The share price exhibited a downward trajectory from 48.46 in March 2022 to a low of 34.03 in June 2023. A subsequent recovery phase is observed, with the price trending upward to reach 48.11 by March 2026.
- Earnings Per Share (EPS) Performance
- EPS remained relatively stable, fluctuating between 4.59 and 5.13, from March 2022 through September 2023. A sharp contraction occurred in December 2023, with values dropping to 2.76 and reaching a minimum of 2.33 in September 2024. A recovery began in December 2024, with EPS stabilizing between 4.07 and 4.31 through March 2026.
- Price-to-Earnings (P/E) Ratio Dynamics
- The P/E ratio experienced a gradual decline from 9.51 to 6.80 between March 2022 and June 2023. This was followed by a substantial expansion, peaking at 17.78 in September 2024. This spike corresponds directly with the period of EPS compression, indicating that the market price remained resilient despite the decline in earnings. Following this peak, the ratio moderated, closing at 11.59 in March 2026.
The relationship between share price and earnings suggests that the valuation peaked in terms of multiples during the 2024 earnings trough, while the more recent stabilization of EPS has led to a more normalized P/E ratio alongside a recovery in the nominal share price.
Price to Operating Profit (P/OP)
Verizon Communications Inc., historical P/OP calculation (quarterly data)
| Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Operating income (in millions) | |||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||
| AT&T Inc. | |||||||||||||||||||||||
| T-Mobile US Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Operating profit per share
= (Operating incomeQ1 2026
+ Operating incomeQ4 2025
+ Operating incomeQ3 2025
+ Operating incomeQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The valuation of the common stock, as measured by the Price to Operating Profit (P/OP) ratio, demonstrates a cyclical pattern characterized by a period of contraction followed by a significant expansion and subsequent stabilization over the observed period.
- Share Price Dynamics
- The share price experienced a notable decline from 48.46 USD in March 2022 to a trough of 34.03 USD in June 2023. Following this low, a consistent recovery trend was observed, with the price ascending to a peak of 48.93 USD by December 2025 before settling at 48.11 USD in March 2026.
- Operating Profit per Share Trends
- Operating profit per share remained relatively stable between 7.02 USD and 7.73 USD from March 2022 through September 2023. A sharp contraction occurred between December 2023 and March 2024, where values dropped to a low of 5.42 USD. A recovery phase followed, with profits returning to a range between 6.81 USD and 7.51 USD starting in late 2024 and continuing through March 2026.
- P/OP Ratio Analysis
- The P/OP ratio reached its lowest point of 4.78 in June 2023, coinciding with the share price minimum. A significant spike to 7.30 occurred in December 2023, which was primarily driven by the abrupt decrease in operating profit per share rather than a surge in share price. The ratio reached a peak of 7.97 in September 2024 before moderating. As of March 2026, the ratio stands at 6.80, indicating that the valuation has largely stabilized near its historical average despite the volatility experienced in 2023 and 2024.
Price to Sales (P/S)
Verizon Communications Inc., historical P/S calculation (quarterly data)
| Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Operating revenues (in millions) | |||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||
| AT&T Inc. | |||||||||||||||||||||||
| T-Mobile US Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Sales per share
= (Operating revenuesQ1 2026
+ Operating revenuesQ4 2025
+ Operating revenuesQ3 2025
+ Operating revenuesQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The analysis of valuation metrics from March 2022 through March 2026 reveals a distinct U-shaped trajectory in the Price-to-Sales (P/S) ratio, characterized by an initial period of contraction followed by a sustained recovery.
- Price-to-Sales (P/S) Ratio Trends
- The P/S ratio began at 1.52 in March 2022 and underwent a steady decline to a minimum of 1.06 by June 2023. This contraction indicates a period where the market valuation of the equity decreased relative to the revenue generated. Following this trough, the ratio entered a recovery phase, trending upward to reach 1.44 by March 2026, with a peak of 1.49 observed in December 2025.
- Sales per Share Stability
- Sales per share exhibited minimal volatility over the analyzed timeframe, maintaining a tight range between 31.84 and 33.32. Because revenue per share remained nearly constant, the fluctuations in the P/S ratio are attributable almost exclusively to changes in the market price of the stock rather than shifts in operational top-line performance.
- Share Price Dynamics
- The share price showed significant movement, falling from 48.46 in March 2022 to a low of 34.03 in June 2023. This decline drove the P/S ratio to its lowest levels. A subsequent recovery in the share price, which climbed back to 48.11 by March 2026, mirrors the expansion of the P/S ratio, suggesting a restoration of investor confidence and a return to valuation multiples seen at the start of the period.
Price to Book Value (P/BV)
Verizon Communications Inc., historical P/BV calculation (quarterly data)
| Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||
| Equity attributable to Verizon (in millions) | |||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||
| AT&T Inc. | |||||||||||||||||||||||
| T-Mobile US Inc. | |||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
BVPS = Equity attributable to Verizon ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Verizon Communications Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The valuation of Verizon Communications Inc. relative to its book value exhibits a general downward trajectory during the first half of the observed period, followed by a phase of stabilization and a subsequent recovery toward the end of the timeline.
- Book Value per Share (BVPS) Trends
- A consistent upward trend in book value per share is observed, rising from 19.95 USD in March 2022 to 24.74 USD by March 2026. This steady increase indicates a growth in the company's net asset value per share, with only a minor contraction noted in December 2023.
- Share Price Volatility
- The share price demonstrated significant fluctuations, declining from 48.46 USD in March 2022 to a low of 34.03 USD in June 2023. A gradual recovery period followed, culminating in a peak of 48.93 USD in December 2025 before settling at 48.11 USD in March 2026.
- Price to Book Value (P/BV) Ratio Analysis
- The P/BV ratio contracted from a peak of 2.43 in March 2022 to a minimum of 1.48 in September 2023. This compression reflects a period where the market valuation declined more rapidly than the underlying book value grew. Between December 2023 and June 2025, the ratio remained relatively stable, fluctuating within a narrow band between 1.72 and 1.81. A recent upward adjustment occurred in the final quarters, with the ratio rising to 1.98 in December 2025 and ending at 1.94 in March 2026.
Overall, the analysis indicates that while the intrinsic book value of the shares has grown steadily, the market's valuation multiple experienced a reset from early 2022 levels, eventually stabilizing at a lower range before a recent increase in market pricing drove the ratio back toward 2.00.