Etsy, Inc.
NYSE: ETSY · CONSUMER CYCLICAL · INTERNET RETAIL
Updated 2026-04-29
Etsy, Inc. (ETSY) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for ETSY.
Current price exceeds what fundamentals support. Risk/reward skewed unfavorably.
ETSY historical valuation range
Where current P/E sits in ETSY's own 5Y range.
ETSY intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
ETSY valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 26.67x
P/S Ratio — History
Current: 2.28x
Is ETSY overvalued in 2026?
Etsy, Inc. (ETSY) currently trades at $69.60 per share with a market capitalization of $6,619,717,000.00. Based on our multi-factor framework, the stock appears richly valued with a Smart Value Score of 41/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 26.7x, below its 5-year median of 39.8x. The PEG ratio of 1.20 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, ETSY is currently trading cheaper than 76% of the last 5Y on P/E. This places it in the 24th percentile of its historical range, a level that has historically coincided with attractive entry points.
Our discounted cash flow model estimates ETSY's intrinsic value at $149.34 per share, against the current market price of $69.60. This implies a margin of safety of +68.22%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Financial quality is a concern. The Piotroski F-Score of 3/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: ETSY appears richly valued on our framework, with a Smart Value Score of 41/100. At current levels the risk/reward is skewed against the buyer. A materially lower price or significant operational improvement would be needed to change the picture.
Frequently asked questions
Is ETSY overvalued in 2026?
Based on a Smart Value Score of 41/100, ETSY appears overvalued. Current price exceeds what fundamentals currently justify.
What is ETSY's fair value?
Our DCF model estimates ETSY's intrinsic value at $149.34 per share, versus the current price of $69.60. This produces a margin of safety of +68.22%.
What P/E ratio does ETSY trade at?
ETSY trades at a P/E of 26.7x on trailing twelve-month earnings, compared to its 5-year median of 39.8x.
Is ETSY a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 41/100 reflects the combined read on growth, quality, and price. The profile skews cautious. Consider waiting for a better price or clearer operational improvement.
How does ETSY's valuation compare to its history?
On P/E, ETSY currently sits in the 24th percentile of its own 5Y range. That is historically cheap relative to where it has traded over the period.
What is ETSY's Smart Value Score?
ETSY's Smart Value Score is 41/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.