Start with its own history
At 9.62×, VZ is 17.4% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · VZTelecommunications ServicesUpdated Nov 5, 2026
Verizon Communications Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
9.62×
17.4% belowthe 10-year annual average
Share price46.17
÷Earnings per share4.8
Price and EPS in quote currency. Calculation details
Investors are paying 9.62 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 11.64×
3-year average11.11×3 positive annual observations
5-year average10.18×5 positive annual observations
10-year average11.64×10 positive annual observations
Peer median · TTM12.82×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 10.03× | +4.1% |
| Dec 31, 2024 | 9.64× | -29.5% |
| Dec 31, 2023 | 13.66× | +75.4% |
| Dec 31, 2022 | 7.79× | -20.3% |
| Dec 31, 2021 | 9.77× | -28.5% |
| Dec 31, 2020 | 13.66× | +3.7% |
| Dec 31, 2019 | 13.18× | -11.9% |
| Dec 31, 2018 | 14.95× | +108.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 7.18× | -56.7% |
| Dec 31, 2016 | 16.58× | +57.1% |
| Dec 31, 2015 | 10.55× | -45.4% |
| Dec 31, 2014 | 19.33× | +57.7% |
| Dec 31, 2013 | 12.25× | -91.2% |
| Dec 31, 2012 | 139.58× | +195.7% |
| Dec 31, 2011 | 47.20× | +18.7% |
| Dec 31, 2010 | 39.76× | +65.6% |
| Dec 31, 2009 | 24.00× | +71.2% |
| Dec 31, 2008 | 14.02× | -35.7% |
| Dec 31, 2007 | 21.80× | +30.8% |
| Dec 31, 2006 | 16.66× | +60.4% |
| Dec 31, 2005 | 10.39× | -21.2% |
| Dec 31, 2004 | 13.18× | -54.3% |
| Dec 31, 2003 | 28.84× | +20.4% |
| Dec 31, 2002 | 23.95× | -92.3% |
| Dec 31, 2001 | 312.14× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How VZ compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 VZ This stockVerizon Communications Inc. | 9.62× |
 TMUST-Mobile US, Inc. | 15.32× |
 TAT&T Inc. | 11.81× |
 CMCSAComcast Corporation | 7.86× |
 DTEGYDeutsche Telekom AG | 14.95× |
 VODVodafone Group Public Limited Company | N/M |
 ORANYOrange S.A. | 5.45× |
 NTTYYNTT, Inc. | 12.82× |
 KDDIYKDDI Corporation | 14.97× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does VZ’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 12.82×. 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 VZ 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("VZ", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 46.17 ÷ EPS 4.8 = 9.62×. 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.
VZ P/E ratio: common questions
The essentials behind the numbers.
Verizon Communications Inc.'s current P/E is 9.62× 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.