Start with its own history
At 28.32×, TRI is 61.4% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · TRISpecialty Business ServicesUpdated Nov 5, 2026
Thomson Reuters Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
28.32×
61.4% belowthe 10-year annual average
Share price117.23
÷Earnings per share4.14
Price and EPS in quote currency. Calculation details
Investors are paying 28.32 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 73.31×
3-year average32.63×3 positive annual observations
5-year average30.86×5 positive annual observations
10-year average73.31×10 positive annual observations
Peer median · TTM29.23×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 39.42× | +18.3% |
| Dec 31, 2024 | 33.33× | +32.6% |
| Dec 31, 2023 | 25.14× | -44.6% |
| Dec 31, 2022 | 45.38× | +311.0% |
| Dec 31, 2021 | 11.04× | -69.3% |
| Dec 31, 2020 | 35.97× | +52.0% |
| Dec 31, 2019 | 23.66× | -94.9% |
| Dec 31, 2018 | 463.00× | +1921.4% |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 22.90× | -31.1% |
| Dec 31, 2016 | 33.22× | +38.3% |
| Dec 31, 2015 | 24.02× | +38.4% |
| Dec 31, 2014 | 17.35× | -93.3% |
| Dec 31, 2013 | 258.29× | +2012.9% |
| Dec 31, 2012 | 12.22× | N/M |
| Dec 31, 2011 | N/M | N/M |
| Dec 31, 2010 | 34.90× | +12.8% |
| Dec 31, 2009 | 30.95× | +76.5% |
| Dec 31, 2008 | 17.54× | +164.3% |
| Dec 31, 2007 | 6.64× | -72.7% |
| Dec 31, 2006 | 24.30× | -2.0% |
| Dec 31, 2005 | 24.80× | +6.5% |
| Dec 31, 2004 | 23.28× | -15.4% |
| Dec 31, 2003 | 27.51× | -7.8% |
| Dec 31, 2002 | 29.85× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How TRI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 TRI This stockThomson Reuters Corporation | 28.32× |
 RELXRELX Plc | 24.27× |
 NWSNews Corporation | 29.81× |
 MSCIMSCI Inc. | 35.87× |
 SPGIS&P Global Inc. | 28.64× |
 MCOMoody's Corporation | 32.12× |
 WOLTFWolters Kluwer N.V. | 15.40× |
 IFPJFInforma plc | 51.32× |
 EXPGYExperian plc | 25.30× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does TRI’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 29.23×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take TRI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("TRI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 117.23 ÷ EPS 4.14 = 28.32×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
TRI P/E ratio: common questions
The essentials behind the numbers.
Thomson Reuters Corporation's current P/E is 28.32× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.