What is Thomson Reuters's forward P/E?

Thomson Reuters's forward P/E is 24.14: today's price over the analysts' average EPS estimate for the next twelve months, the earnings expected rather than those reported. By fiscal year, it trades at 27.8 times its FY2026 earnings and 23.7 times its FY2027 earnings.

What is Thomson Reuters's PEG ratio?

Thomson Reuters's PEG ratio is 1.93: its P/E of 30.53 over the 15.8% a year the analysts expect its earnings per share to grow from FY2025 to FY2028. Around 1 is often read as a P/E in line with the growth; above it, the price asks for more.

Thomson Reuters
D
Quotes are delayed by 15 minutes

TRI

Arincen ScoreBeta87/100

87/100B

109.310

USD

0.08

(0.07%)

Post Trading·109.000USD-0.310(-0.28%)

Last updated: 13 Nov, 17:16 GMT-5 · Delayed 15 min

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 1.15Revenue estimate 2.00B

Q4 FY2026 · Earnings report

Thursday 4 February

EPS estimate 1.15Revenue estimate 2.00B

Fair valueNot reliable

Q4 FY2026 · Earnings report

EPS estimate 1.15Revenue estimate 2.00B

Q4 FY2026 · Earnings report

Thursday 4 February

EPS estimate 1.15Revenue estimate 2.00B

Overview Financials Forecast Earnings Dividends Company

Thomson Reuters P/E ratioWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.

Thomson Reuters's P/E ratio is 30.53: its share price of 109.31 over its earnings per share of 3.58 over the last twelve months.

Today: 30.53
Forward P/E, next 12 months: 24.14
PEG ratio: 1.93
Median, 5 years: 32.82
Low, 5 years: 20.01
High, 5 years: 69.14

P/E ratio = price ÷ EPS (last 12 months) = 109.31 ÷ 3.58 = 30.53

Each day's closing price over the earnings per share of the last four quarters reported by that day (basic EPS, adjusted for splits). The P/E moves with the price every day and with the earnings at each report.

The forward P/E divides the price by the analysts' average EPS estimate for the next twelve months: the fiscal year in progress for the months left in it, the next one for the rest. For past days it uses each year's latest estimate, as the estimates of the time were not recorded (we keep a daily copy from November 2026), so the past line reads the price against the earnings expected by the time each year was reported.

Is Thomson Reuters's P/E high compared with its own history?Is the P/E high or low for this stock? Today's P/E against every daily P/E of the stock's last 5 years, with the growth analysts expect: whether the stock is expensive or cheap compared with itself, and whether its growth explains it.

Thomson Reuters's P/E of 30.5 is below the middle of its 5-year range (20.0 to 69.1, median 32.8). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level.

5-year range of the daily P/E

Median 32.8

Today 30.5

20.0

69.1

The price against its P/E range

At its 5-year high P/E (69.1)At its median P/E (32.8)At its 5-year low P/E (20.0)Price

Each line is the earnings per share of the day times one P/E of the last five years: the price near the top line is near the most it was paid for those earnings, near the bottom line the least.

Growth a year: the past against what analysts expect

EPSFaster
Expected, to FY2028 15.8%Past 5 years 7.3%Past 3 years 8.8%
RevenueAbout the same
Expected, to FY2028 6.2%Past 5 years 4.6%Past 3 years 4.1%

	Past 5 years	Past 3 years	Expected, to FY2028	Expected against the past
EPS	7.3%	8.8%	15.8%	Faster
Revenue	4.6%	4.1%	6.2%	About the same

Buyers pay less for each point of growth than usual: a PEG of 1.9 on expected growth against 4.5 on its median P/E and past five years' growth.

What changed in 5 years

Debt is lower than in FY2020: 0.7 times EBITDA against 1.5.
Buybacks: EPS grew ⁦7.3%⁩ a year since FY2020 against ⁦6.0%⁩ for net income; the falling share count added about 1.3 points a year.
Operating margin is lower than in FY2020: ⁦28.5%⁩ against ⁦32.2%⁩.
Unusual tax: FY2020 at ⁦5.8%⁩, FY2021 at ⁦22.0%⁩, FY2024 at ⁦-5.9%⁩, FY2025 at ⁦22.2%⁩ against a usual ⁦14.7%⁩, which moves that year's profit and the P/E readings that include it.
Electronic Software And Services grew from ⁦89.6%⁩ of revenue in FY2020 to ⁦100.0%⁩ in FY2025.
Since 3 January 2023 the price has changed ⁦−11.5%⁩: earnings per share ⁦+84.5%⁩ and the P/E ⁦−52.0%⁩.

Is the price fair? See the whole check

A P/E is compared with the stock's own last five years, not with other companies. Why the market pays more or less (news, rates, the sector) is not in these figures.

P/E ratio by year and by quarter

Fiscal year	Period ending	P/E ratio	Forward P/E	Market cap	Net income
FY2027 · Estimate	31 Dec 2027	23.67	—	—	—
FY2026 · Estimate	31 Dec 2026	27.84	—	—	—
Today		30.53	24.14	47.38B	—
FY2025	31 Dec 2025	39.88	34.68	60.18B	1.51B
FY2024	31 Dec 2024	35.15	41.51	73.44B	2.09B
FY2023	31 Dec 2023	25.54	40.72	68.83B	2.69B
FY2022	31 Dec 2022	43.56	44.14	58.19B	1.34B
FY2021	31 Dec 2021	11.04	44.14	62.23B	5.64B
FY2020	31 Dec 2020	35.45	44.14	42.88B	1.21B
FY2019	31 Dec 2019	23.53	42.36	37.81B	1.61B
FY2018	31 Dec 2018	210.59	40.05	32.77B	155.64M
FY2017	31 Dec 2017	48.25	87.71	31.84B	659.91M
FY2016	31 Dec 2016	33.48	20.82	33.25B	992.91M
FY2015	31 Dec 2015	30.47	18.92	30.05B	986.40M
FY2014	31 Dec 2014	18.19	20.20	33.12B	1.82B
FY2013	31 Dec 2013	258.43	24.42	31.83B	123.16M
FY2012	31 Dec 2012	11.77	18.44	24.44B	2.08B
FY2011	31 Dec 2011	—	15.51	22.59B	-1.35B
FY2010	31 Dec 2010	33.46	19.46	31.53B	942.28M
FY2009	31 Dec 2009	30.46	20.13	27.20B	893.15M
FY2008	31 Dec 2008	20.23	21.85	22.84B	1.13B
FY2007	31 Dec 2007	22.26	39.93	26.53B	1.19B
FY2006	31 Dec 2006	30.54	29.12	27.14B	888.85M
FY2005	31 Dec 2005	33.53	25.26	23.02B	686.69M
FY2004	31 Dec 2004	25.25	27.19	23.48B	929.72M
FY2003	31 Dec 2003	27.88	35.05	23.53B	844.00M
FY2002	31 Dec 2002	28.87	25.10	17.49B	606.00M
FY2001	31 Dec 2001	30.08	—	19.76B	657.00M
FY2000	31 Dec 2000	41.07	—	19.59B	477.00M
FY1999	31 Dec 1999	28.48	—	15.95B	560.03M
FY1998	31 Dec 1998	10.57	—	19.22B	1.82B
FY1997	31 Dec 1997	31.07	—	17.99B	579.01M
FY1996	31 Dec 1996	32.42	—	18.84B	580.96M
FY1995	31 Dec 1995	23.10	—	18.47B	799.56M

Quarter	Period ending	P/E ratio	Forward P/E	Market cap	Net income
Q3 FY2026	30 Sept 2026	—	21.91	42.21B	—
Q2 FY2026	30 Jun 2026	21.51	19.12	35.82B	1.66B
Q1 FY2026	31 Mar 2026	25.67	22.68	39.38B	1.53B
Q4 FY2025	31 Dec 2025	40.30	34.68	59.67B	1.48B
Q3 FY2025	30 Sept 2025	40.84	40.67	71.00B	1.74B
Q2 FY2025	30 Jun 2025	57.76	52.44	92.12B	1.59B
Q1 FY2025	31 Mar 2025	37.01	44.88	79.07B	2.14B
Q4 FY2024	31 Dec 2024	33.68	41.51	73.36B	2.18B
Q3 FY2024	30 Sept 2024	34.57	44.96	78.00B	2.26B
Q2 FY2024	30 Jun 2024	32.84	45.28	76.92B	2.34B
Q1 FY2024	31 Mar 2024	29.75	42.66	71.36B	2.40B
Q4 FY2023	31 Dec 2023	25.29	40.72	67.54B	2.67B
Q3 FY2023	30 Sept 2023	25.20	31.06	56.62B	2.25B
Q2 FY2023	30 Jun 2023	30.23	31.50	64.42B	2.13B
Q1 FY2023	31 Mar 2023	55.96	29.14	64.92B	1.16B
Q4 FY2022	31 Dec 2022	39.60	44.14	57.56B	1.45B
Q3 FY2022	30 Sept 2022	50.56	44.14	52.27B	1.03B
Q2 FY2022	30 Jun 2022	94.79	44.14	51.60B	544.34M
Q1 FY2022	31 Mar 2022	32.09	44.14	53.84B	1.68B
Q4 FY2021	31 Dec 2021	10.36	44.14	59.24B	5.72B
Q3 FY2021	30 Sept 2021	8.54	44.14	55.45B	6.49B
Q2 FY2021	30 Jun 2021	7.18	44.14	50.07B	6.97B
Q1 FY2021	31 Mar 2021	7.30	44.14	44.13B	6.04B
Q4 FY2020	31 Dec 2020	35.88	44.14	41.39B	1.15B
Q3 FY2020	30 Sept 2020	21.23	43.96	40.30B	1.90B
Q2 FY2020	30 Jun 2020	21.61	38.36	34.28B	1.59B
Q1 FY2020	31 Mar 2020	20.55	39.17	34.22B	1.67B
Q4 FY2019	31 Dec 2019	22.73	42.36	36.32B	1.60B
Q3 FY2019	30 Sept 2019	221.27	42.65	34.07B	153.97M
Q2 FY2019	30 Jun 2019	184.96	44.68	32.97B	178.26M
Q1 FY2019	31 Mar 2019	286.07	44.78	30.24B	105.70M
Q4 FY2018	31 Dec 2018	161.19	40.05	25.95B	161.00M
Q3 FY2018	30 Sept 2018	62.75	52.90	35.58B	567.01M
Q2 FY2018	30 Jun 2018	38.37	54.68	29.08B	757.85M
Q1 FY2018	31 Mar 2018	41.85	63.34	27.92B	667.13M
Q4 FY2017	31 Dec 2017	39.60	87.71	31.52B	796.10M
Q3 FY2017	30 Sept 2017	44.63	50.98	33.36B	747.39M
Q2 FY2017	30 Jun 2017	39.57	35.54	33.92B	857.16M
Q1 FY2017	31 Mar 2017	27.89	25.36	31.95B	1.15B
Q4 FY2016	31 Dec 2016	30.82	20.82	32.60B	1.06B
Q3 FY2016	30 Sept 2016	25.90	20.61	31.28B	1.21B
Q2 FY2016	30 Jun 2016	24.74	18.19	30.87B	1.25B
Q1 FY2016	31 Mar 2016	26.25	19.18	31.29B	1.19B
Q4 FY2015	31 Dec 2015	22.67	18.92	29.52B	1.30B
Q3 FY2015	30 Sept 2015	15.60	20.14	31.85B	2.04B
Q2 FY2015	30 Jun 2015	15.21	19.05	30.39B	2.00B
Q1 FY2015	31 Mar 2015	16.56	20.30	32.73B	1.98B
Q4 FY2014	31 Dec 2014	16.82	20.20	32.79B	1.95B
Q3 FY2014	30 Sept 2014	32.16	19.33	29.75B	925.16M
Q2 FY2014	30 Jun 2014	31.64	20.54	29.93B	946.16M
Q1 FY2014	31 Mar 2014	30.44	20.62	28.43B	934.16M
Q4 FY2013	31 Dec 2013	50.49	24.42	31.56B	625.16M
Q3 FY2013	30 Sept 2013	34.55	22.51	29.51B	854.00M
Q2 FY2013	30 Jun 2013	26.92	20.85	27.56B	1.02B
Q1 FY2013	31 Mar 2013	15.70	20.70	26.34B	1.68B
Q4 FY2012	31 Dec 2012	12.09	18.44	24.43B	2.02B
Q3 FY2012	30 Sept 2012	77.00	17.90	24.22B	314.52M
Q2 FY2012	30 Jun 2012	98.78	17.27	23.96B	242.52M
Q1 FY2012	31 Mar 2012	—	17.16	24.34B	-96.48M
Q4 FY2011	31 Dec 2011	—	15.51	23.31B	-165.48M
Q3 FY2011	30 Sept 2011	16.26	15.29	22.99B	1.41B
Q2 FY2011	30 Jun 2011	24.17	20.66	31.96B	1.32B
Q1 FY2011	31 Mar 2011	31.54	21.02	33.31B	1.06B
Q4 FY2010	31 Dec 2010	35.17	19.46	32.82B	933.00M
Q3 FY2010	30 Sept 2010	35.69	20.44	31.76B	890.00M
Q2 FY2010	30 Jun 2010	38.84	20.39	30.30B	780.00M
Q1 FY2010	31 Mar 2010	39.45	21.61	30.65B	777.00M
Q4 FY2009	31 Dec 2009	32.58	20.13	28.25B	867.00M
Q3 FY2009	30 Sept 2009	21.09	21.87	28.31B	1.34B
Q2 FY2009	30 Jun 2009	15.62	19.98	24.69B	1.58B
Q1 FY2009	31 Mar 2009	14.63	18.13	21.36B	1.46B
Q4 FY2008	31 Dec 2008	17.80	21.85	25.45B	1.43B
Q3 FY2008	30 Sept 2008	18.92	21.74	22.83B	1.21B
Q2 FY2008	30 Jun 2008	6.88	27.38	25.93B	3.77B
Q1 FY2008	31 Mar 2008	5.49	30.54	21.81B	3.97B
Q4 FY2007	31 Dec 2007	6.87	39.93	27.50B	4.00B
Q3 FY2007	30 Sept 2007	7.04	37.30	27.89B	3.96B
Q2 FY2007	30 Jun 2007	19.53	33.50	26.72B	1.37B
Q1 FY2007	31 Mar 2007	22.43	31.37	27.08B	1.21B
Q4 FY2006	31 Dec 2006	25.01	29.12	28.01B	1.12B
Q3 FY2006	30 Sept 2006	27.10	28.59	26.31B	971.00M
Q2 FY2006	30 Jun 2006	27.91	27.59	25.23B	904.00M
Q1 FY2006	31 Mar 2006	24.86	27.01	24.61B	990.00M
Q4 FY2005	31 Dec 2005	25.53	25.26	23.64B	926.00M
Q3 FY2005	30 Sept 2005	25.00	27.76	24.95B	998.00M
Q2 FY2005	30 Jun 2005	22.19	25.20	22.39B	1.01B
Q1 FY2005	31 Mar 2005	24.84	25.35	22.21B	894.00M
Q4 FY2004	31 Dec 2004	28.25	27.19	24.38B	863.00M
Q3 FY2004	30 Sept 2004	24.27	28.17	23.10B	952.00M
Q2 FY2004	30 Jun 2004	24.01	28.72	22.28B	928.00M
Q1 FY2004	31 Mar 2004	24.47	28.07	20.53B	839.00M
Q4 FY2003	31 Dec 2003	29.66	35.05	25.03B	844.00M
Q3 FY2003	30 Sept 2003	27.90	28.98	20.09B	720.00M
Q2 FY2003	30 Jun 2003	30.10	29.96	20.89B	694.00M
Q1 FY2003	31 Mar 2003	25.03	24.55	17.20B	687.00M
Q4 FY2002	31 Dec 2002	30.31	25.10	18.37B	606.00M
Q3 FY2002	30 Sept 2002	28.45	25.19	16.38B	575.91M
Q2 FY2002	30 Jun 2002	48.18	34.73	20.07B	416.56M
Q1 FY2002	31 Mar 2002	44.11	—	19.81B	449.20M
Q4 FY2001	31 Dec 2001	30.41	—	19.98B	657.00M
Q3 FY2001	30 Sept 2001	22.29	—	19.73B	885.08M
Q2 FY2001	30 Jun 2001	13.56	—	19.69B	1.45B
Q1 FY2001	31 Mar 2001	13.65	—	19.66B	1.44B
Q4 FY2000	31 Dec 2000	16.30	—	20.39B	1.25B
Q3 FY2000	30 Sept 2000	18.16	—	19.59B	1.08B
Q2 FY2000	30 Jun 2000	31.74	—	19.33B	609.07M
Q1 FY2000	31 Mar 2000	27.83	—	16.64B	598.06M
Q4 FY1999	31 Dec 1999	30.83	—	17.27B	560.03M
Q3 FY1999	30 Sept 1999	37.60	—	19.30B	513.19M
Q2 FY1999	30 Jun 1999	36.17	—	18.20B	503.08M
Q1 FY1999	31 Mar 1999	10.24	—	18.96B	1.85B
Q4 FY1998	31 Dec 1998	10.24	—	18.61B	1.82B
Q3 FY1998	30 Sept 1998	10.16	—	18.10B	1.78B
Q2 FY1998	30 Jun 1998	10.62	—	20.53B	1.93B
Q1 FY1998	31 Mar 1998	32.46	—	18.83B	580.03M
Q4 FY1997	31 Dec 1997	33.73	—	19.53B	579.01M
Q3 FY1997	30 Sept 1997	32.32	—	19.26B	595.94M
Q2 FY1997	30 Jun 1997	33.73	—	18.58B	550.95M
Q1 FY1997	31 Mar 1997	33.98	—	18.58B	546.90M
Q4 FY1996	31 Dec 1996	32.68	—	18.98B	580.96M
Q3 FY1996	30 Sept 1996	—	—	18.92B	—
Q2 FY1996	30 Jun 1996	—	—	19.06B	—
Q1 FY1996	31 Mar 1996	—	—	19.91B	—

Figures in USD. A quarter's revenue, net income and dividends are those of its last four quarters. A forecast year's P/E is today's price over the analysts' EPS estimate for that year.

Common questions about Thomson Reuters's P/E ratio

Source: Financial Modeling Prep

Thomson Reuters
D
Quotes are delayed by 15 minutes

TRI

Thomson Reuters P/E ratioWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.

Is Thomson Reuters's P/E high compared with its own history?Is the P/E high or low for this stock? Today's P/E against every daily P/E of the stock's last 5 years, with the growth analysts expect: whether the stock is expensive or cheap compared with itself, and whether its growth explains it.

The price against its P/E range

Growth a year: the past against what analysts expect

What changed in 5 years

P/E ratio by year and by quarter

Common questions about Thomson Reuters's P/E ratio

What is Thomson Reuters's P/E ratio?

Is Thomson Reuters's P/E ratio high or low?

What is Thomson Reuters's forward P/E?

What is Thomson Reuters's PEG ratio?

Need help?

Thomson Reuters DQuotes are delayed by 15 minutes

TRI

Thomson Reuters P/E ratioWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.

Is Thomson Reuters's P/E high compared with its own history?Is the P/E high or low for this stock? Today's P/E against every daily P/E of the stock's last 5 years, with the growth analysts expect: whether the stock is expensive or cheap compared with itself, and whether its growth explains it.

P/E ratio by year and by quarter

Common questions about Thomson Reuters's P/E ratio

What is Thomson Reuters's P/E ratio?

Is Thomson Reuters's P/E ratio high or low?

What is Thomson Reuters's forward P/E?

What is Thomson Reuters's PEG ratio?

Need help?

Thomson Reuters
D
Quotes are delayed by 15 minutes