Amazon's P/E Ratio Dives Below 12-Month Average
Tracking Amazon's (AMZN) P/E Ratio: A Historical Overview
Amazon's price-to-earnings (P/E) ratio has taken a significant hit, falling by a substantial -4204 from its 12-month average of 10723. This notable decline brings the current trailing P/E ratio down to 6194, reflecting a sharp decrease from its historical levels.
Historical Context and Forward-Looking Trends
Examining the P/E ratio's trajectory over the past decade, we observe a general upward trend from 2010 to 2023. However, the recent decline falls in line with wider market fluctuations and reflects ongoing economic uncertainty.
Analysts note that the forward P/E ratio, which projects future earnings, currently stands at 4284. This suggests that while the current P/E ratio may be relatively low, investors anticipate a moderate recovery in Amazon's earnings performance going forward.
تعليقات