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Trade Desk stock: valuation and P/E
TTDTrade Desk trades at a P/E of 22.1 (Advertising Agencies median 19.2, own median of recent years 84.7).
Daily figure as of 13 Nov 2026
P/E
22.1
on reported earnings of the last twelve months
P/S
2.4
P/B
2.69
PEG
2.2
P/E on expected earnings
The forward P/E of 65.7 divides the price by the earnings per share that 18 analysts expect on average for the next twelve months: $0.24. The twelve months are made up pro rata of the estimates for fiscal 2026 and 2027. The P/E of 22.1, by contrast, uses reported earnings for the last twelve months.
65.7
P/E on fiscal 2026
42.6
on estimated fiscal 2026 earnings ($0.36 per share)
P/E on fiscal 2027
71.8
on estimated fiscal 2027 earnings ($0.22 per share)
Analysts mostly estimate adjusted earnings, excluding amortization of acquisitions and other one-off items. The estimates change all the time; they are no promise and no price target.
Against its own valuation history
Each fiscal year is shown with its P/E on the year-end date, using the price at the time.
P/E
22.1
Median of prior years
84.7
Reading
cheaper than usual
P/E at each fiscal year end
Figures as a table
| Year | P/E |
|---|---|
| 2016 | 52 |
| 2017 | 35.2 |
| 2018 | 61.1 |
| 2019 | 108.3 |
| 2020 | 154 |
| 2021 | 316 |
| 2022 | 407.5 |
| 2023 | 194.5 |
| 2024 | 146.9 |
| 2025 | 41.3 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 6 Nov 2026)
- Valuation signal Overvalued since 10 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.