Meta Platforms Inc.

NASDAQ META

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Meta Platforms Inc. Price to Earnings Ratio (P/E) on June 03, 2024: 62.50

Meta Platforms Inc. Price to Earnings Ratio (P/E) is 62.50 on June 03, 2024, a 88.96% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.

Meta Platforms Inc. 52-week high Price to Earnings Ratio (P/E) is 65.00 on April 23, 2024, which is 4.00% above the current Price to Earnings Ratio (P/E).
Meta Platforms Inc. 52-week low Price to Earnings Ratio (P/E) is 30.80 on January 04, 2024, which is -50.71% below the current Price to Earnings Ratio (P/E).
Meta Platforms Inc. average Price to Earnings Ratio (P/E) for the last 52 weeks is 44.44.

NASDAQ: META

Meta Platforms Inc.

CEO	Mr. Mark Elliot Zuckerberg
IPO Date	May 18, 2012
Location	United States
Headquarters	1601 Willow Road, Menlo Park, CA, United States, 94025
Employees	69,329
Sector	Communication Services
Industry	Internet content & information

Description

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California

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