Netflix records lower valuation compared to S&P 500
NFLX Netflix Inc
$63.26 -1.08%
View chart & analysis → - 1Netflix shares have fallen 54% from their all-time high reached in June last year.
- 2Netflix, which holds over 300 million paid subscribers worldwide, is trading at less than 16.5 times its projected profit multiple for next year.
- 3Netflix shares hit a two-year low last week.
So what's the key point?
Netflix shares have recently dropped to their lowest level in two years. This means the company's stock price is low compared to the profits it earns.
Source The Motley Fool +1 · View original ↗
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