Meta Trades Near Decade Lows on Both Sales and Earnings

META currently trades at 6.15 times its trailing-twelve-month revenue per share. With the stock at $546.74 and TTM sales of $88.95 a share, that multiple sits near the bottom of its ten-year range. On earnings the picture is the same: 20.60 times the $26.54 in trailing profit per share, again close to decade lows.

The reason is straightforward. From mid-2025 onward the share price and the underlying business moved in opposite directions.

The profit multiple shows the same pattern.

A stock can look inexpensive on sales yet expensive on earnings when margins are shrinking. That did not happen here. Profit per share rose in step with revenue, increasing 17 percent, while the earnings multiple itself fell 36 percent.

How today’s multiples rank against META’s own history

The table below shows where the current price-to-revenue and price-to-profit multiples rank against META’s quarter-end readings over different lookback windows, cheapest first. Each quarter-end uses the first close after the quarter ended. A rank of 1 is the cheapest reading in the window.

Note

Third, “cheap” in this analysis means inexpensive only relative to META’s own historical range. It does not speak to valuation versus peers or to the intrinsic value of the business. A multiple can remain low for years if the market has simply re-rated the company.