Stock Analysis on Net

Etsy Inc. (NASDAQ:ETSY)

This company has been moved to the archive! The financial data has not been updated since November 3, 2022.

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

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Historical Valuation Ratios (Summary)

Etsy Inc., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Price to earnings (P/E) 32.34 26.52 38.34 71.58 47.87 41.71 79.50 71.97 100.56 118.30 71.24 49.80 64.83 75.99 109.97 74.38 60.42 37.64 37.61
Price to operating profit (P/OP) 34.70 28.94 40.62 70.94 44.47 36.49 65.48 58.03 84.84 110.20 76.97 56.55 73.61 78.83 113.95 94.74 100.43 128.91 258.61
Price to sales (P/S) 5.08 5.50 4.90 8.12 15.43 10.75 9.78 16.09 12.11 13.86 10.36 8.35 7.04 10.26 11.20 14.12 11.16 10.59 7.70 6.97
Price to book value (P/BV) 22.85 17.08 30.10 64.45 43.50 29.31 37.40 25.05 29.74 22.34 16.80 13.54 16.26 17.39 21.26 15.27 14.19 9.32 7.75 5.77 5.93 4.50

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Etsy Inc. P/S ratio increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Price to Earnings (P/E)

Etsy Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 125,688,316 126,608,897 127,119,018 127,032,946 126,780,745 126,576,797 127,102,598 126,049,276 126,090,966 119,327,613 118,677,964 117,949,068 118,488,696 120,459,900 120,184,386 119,566,393 120,460,043 119,753,433 119,475,520 121,502,754 121,714,269 118,257,427 116,516,286
Selected Financial Data (US$)
Net income (loss) (in thousands) (963,068) 73,123 86,109 161,557 89,930 98,254 143,766 148,538 91,761 96,425 12,522 31,291 14,801 18,223 31,579 41,251 19,894 3,379 12,967 44,750 25,802 11,669 (421)
Earnings per share (EPS)2 -5.11 3.24 3.43 3.88 3.79 3.81 3.78 2.77 1.84 1.30 0.65 0.81 0.89 0.92 0.80 0.65 0.67 0.73 0.80 0.67 0.00 0.00 0.00
Share price1, 3 100.03 104.92 90.93 148.94 271.27 182.41 157.68 220.27 132.42 130.66 76.59 57.92 44.49 59.71 60.76 71.27 50.01 43.84 29.99 25.32 16.51 15.46 11.39
Valuation Ratio
P/E ratio4 32.34 26.52 38.34 71.58 47.87 41.71 79.50 71.97 100.56 118.30 71.24 49.80 64.83 75.99 109.97 74.38 60.42 37.64 37.61
Benchmarks
P/E Ratio, Competitors5
Amazon.com Inc. 93.17 118.45 59.05 48.08 65.12 57.25 65.00 78.20 87.67 120.27 107.95 86.30
Home Depot Inc. 26.76 22.50 22.81 24.51 23.56 26.04 24.24 17.38 21.68 21.33 18.61 18.87
Lowe’s Cos. Inc. 20.72 20.32 20.09 22.36 21.14 22.50 21.16 11.96 30.02 33.94 30.97 37.80
TJX Cos. Inc. 31.03 35.26 53.90 881.78 103.90 92.86 38.61 17.13 22.88 21.70 20.04 21.11

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
EPS = (Net income (loss)Q3 2022 + Net income (loss)Q2 2022 + Net income (loss)Q1 2022 + Net income (loss)Q4 2021) ÷ No. shares of common stock outstanding
= (-963,068,000 + 73,123,000 + 86,109,000 + 161,557,000) ÷ 125,688,316 = -5.11

3 Closing price as at the filing date of Etsy Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/E ratio = Share price ÷ EPS
= 100.03 ÷ -5.11 =

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Etsy Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 125,688,316 126,608,897 127,119,018 127,032,946 126,780,745 126,576,797 127,102,598 126,049,276 126,090,966 119,327,613 118,677,964 117,949,068 118,488,696 120,459,900 120,184,386 119,566,393 120,460,043 119,753,433 119,475,520 121,502,754 121,714,269 118,257,427 116,516,286
Selected Financial Data (US$)
Income (loss) from operations (in thousands) (954,780) 72,561 84,315 142,249 83,741 89,105 150,637 161,335 118,169 119,140 25,365 25,038 14,232 17,848 31,643 29,489 18,737 12,762 13,798 18,290 7,425 (11,718) (2,101)
Operating profit per share2 -5.22 3.02 3.14 3.67 3.82 4.10 4.32 3.36 2.28 1.54 0.70 0.75 0.79 0.81 0.77 0.63 0.53 0.44 0.23 0.10 0.00 0.00 0.00
Share price1, 3 100.03 104.92 90.93 148.94 271.27 182.41 157.68 220.27 132.42 130.66 76.59 57.92 44.49 59.71 60.76 71.27 50.01 43.84 29.99 25.32 16.51 15.46 11.39
Valuation Ratio
P/OP ratio4 34.70 28.94 40.62 70.94 44.47 36.49 65.48 58.03 84.84 110.20 76.97 56.55 73.61 78.83 113.95 94.74 100.43 128.91 258.61
Benchmarks
P/OP Ratio, Competitors5
Amazon.com Inc. 81.33 89.87 64.24 64.48 60.45 56.87 62.96 72.85 76.53 93.97 80.81 68.77
Home Depot Inc. 19.12 16.06 16.20 17.25 16.72 18.45 17.14 12.33 15.22 15.18 13.28 13.51
Lowe’s Cos. Inc. 14.46 12.77 12.57 13.52 12.50 15.21 14.04 8.11 18.48 20.49 18.51 21.77
TJX Cos. Inc. 18.99 21.99 30.54 137.02 74.61 60.02 30.12 12.69 16.79 15.73 14.53 15.31

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Operating profit per share = (Income (loss) from operationsQ3 2022 + Income (loss) from operationsQ2 2022 + Income (loss) from operationsQ1 2022 + Income (loss) from operationsQ4 2021) ÷ No. shares of common stock outstanding
= (-954,780,000 + 72,561,000 + 84,315,000 + 142,249,000) ÷ 125,688,316 = -5.22

3 Closing price as at the filing date of Etsy Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 100.03 ÷ -5.22 =

5 Click competitor name to see calculations.


Price to Sales (P/S)

Etsy Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 125,688,316 126,608,897 127,119,018 127,032,946 126,780,745 126,576,797 127,102,598 126,049,276 126,090,966 119,327,613 118,677,964 117,949,068 118,488,696 120,459,900 120,184,386 119,566,393 120,460,043 119,753,433 119,475,520 121,502,754 121,714,269 118,257,427 116,516,286
Selected Financial Data (US$)
Revenue (in thousands) 594,469 585,135 579,266 717,139 532,429 528,900 550,646 617,355 451,478 428,737 228,055 269,998 197,947 181,095 169,339 200,028 150,366 132,387 120,912 136,268 106,380 101,692 96,891
Sales per share2 19.70 19.07 18.55 18.33 17.58 16.97 16.11 13.69 10.93 9.43 7.39 6.94 6.32 5.82 5.43 5.05 4.48 4.14 3.89 3.63 0.00 0.00 0.00
Share price1, 3 100.03 104.92 90.93 148.94 271.27 182.41 157.68 220.27 132.42 130.66 76.59 57.92 44.49 59.71 60.76 71.27 50.01 43.84 29.99 25.32 16.51 15.46 11.39
Valuation Ratio
P/S ratio4 5.08 5.50 4.90 8.12 15.43 10.75 9.78 16.09 12.11 13.86 10.36 8.35 7.04 10.26 11.20 14.12 11.16 10.59 7.70 6.97
Benchmarks
P/S Ratio, Competitors5
Amazon.com Inc. 2.10 2.83 2.65 3.41 3.73 3.80 4.17 4.32 4.38 4.93 3.85 3.56
Home Depot Inc. 2.89 2.37 2.38 2.39 2.34 2.58 2.37 1.77 2.17 2.17 1.91 1.94
Lowe’s Cos. Inc. 1.79 1.51 1.45 1.46 1.33 1.60 1.31 0.71 1.23 1.20 1.02 1.23
TJX Cos. Inc. 1.81 2.05 2.15 2.48 2.33 1.96 1.77 1.34 1.76 1.66 1.54 1.66

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Sales per share = (RevenueQ3 2022 + RevenueQ2 2022 + RevenueQ1 2022 + RevenueQ4 2021) ÷ No. shares of common stock outstanding
= (594,469,000 + 585,135,000 + 579,266,000 + 717,139,000) ÷ 125,688,316 = 19.70

3 Closing price as at the filing date of Etsy Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 100.03 ÷ 19.70 = 5.08

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Etsy Inc. P/S ratio increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022 not reaching Q1 2022 level.

Price to Book Value (P/BV)

Etsy Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
No. shares of common stock outstanding1 125,688,316 126,608,897 127,119,018 127,032,946 126,780,745 126,576,797 127,102,598 126,049,276 126,090,966 119,327,613 118,677,964 117,949,068 118,488,696 120,459,900 120,184,386 119,566,393 120,460,043 119,753,433 119,475,520 121,502,754 121,714,269 118,257,427 116,516,286
Selected Financial Data (US$)
Stockholders’ equity (deficit) (in thousands) (606,242) 581,295 676,867 628,619 533,622 530,753 683,774 742,424 666,667 524,175 406,847 406,634 389,262 442,301 420,013 400,898 394,619 370,091 384,487 396,894 348,215 308,279 295,048
Book value per share (BVPS)2 -4.82 4.59 5.32 4.95 4.21 4.19 5.38 5.89 5.29 4.39 3.43 3.45 3.29 3.67 3.49 3.35 3.28 3.09 3.22 3.27 2.86 2.61 2.53
Share price1, 3 100.03 104.92 90.93 148.94 271.27 182.41 157.68 220.27 132.42 130.66 76.59 57.92 44.49 59.71 60.76 71.27 50.01 43.84 29.99 25.32 16.51 15.46 11.39
Valuation Ratio
P/BV ratio4 22.85 17.08 30.10 64.45 43.50 29.31 37.40 25.05 29.74 22.34 16.80 13.54 16.26 17.39 21.26 15.27 14.19 9.32 7.75 5.77 5.93 4.50
Benchmarks
P/BV Ratio, Competitors5
Amazon.com Inc. 7.67 10.46 9.44 11.60 14.19 14.68 16.93 17.86 18.40 21.50 17.47 16.11 15.45 18.11 19.84
Home Depot Inc. 412.02 165.73 192.67 95.58 191.69 144.66 114.03 127.78
Lowe’s Cos. Inc. 307.81 90.79 27.86 29.56 56.37 25.96 36.00 32.50 22.70 24.01 13.54 15.37 13.85
TJX Cos. Inc. 12.85 13.82 13.27 13.68 13.99 14.17 13.72 9.42 12.92 12.53 11.88 12.79 11.07 13.06 10.74

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
BVPS = Stockholders’ equity (deficit) ÷ No. shares of common stock outstanding
= -606,242,000 ÷ 125,688,316 = -4.82

3 Closing price as at the filing date of Etsy Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 100.03 ÷ -4.82 =

5 Click competitor name to see calculations.