Overview Dividends

(ETSY) Etsy - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29786A1060

Marketplace, Crafts, Instruments, Fashion

ETSY EPS (Earnings per Share)

EPS Growth (3Y CAGR): -7.04%
EPS Trend (3Y Correlation): -33.8%

ETSY Revenue

Revenue Growth (3Y CAGR): -6.15%
Revenue Trend (3Y Correlation): -5.5%

Risk via 10d forecast
Volatility	49.0%
Value at Risk 5%th	75.5%
Relative Tail Risk	-6.25%

Reward TTM
Sharpe Ratio	0.31
Alpha	-7.91

Character TTM
Hurst Exponent	0.688
Beta	0.970
Beta Downside	1.268

Drawdowns 3y
Max DD	72.47%
Mean DD	50.64%
Median DD	56.40%

Description: ETSY Etsy November 05, 2025

Etsy, Inc. (NASDAQ:ETSY) runs three distinct two-sided marketplaces-Etsy (hand-made and vintage goods), Reverb (musical instruments), and Depop (fashion resale)-that facilitate transactions between independent sellers and global buyers. Revenue streams include transaction fees, off-site advertising, payment processing, optional seller services (e.g., on-site ads, shipping labels), and subscription-based programs such as Etsy Search Visibility and Etsy Share & Save.

As of Q3 2024, Etsy reported a Gross Merchandise Sales (GMS) growth of 12% YoY to $2.1 billion, with active buyers reaching 97 million, up 8% year-over-year. The marketplace’s performance is closely tied to discretionary-spending trends and the broader “maker” economy, which benefits from rising consumer interest in unique, sustainable products and from the continued shift toward online retail (e-commerce now accounts for ~15% of U.S. total retail sales). Additionally, Etsy’s advertising-revenue contribution has risen to roughly 25% of total net revenue, reflecting the increasing importance of paid visibility for sellers.

For a deeper, data-driven look at Etsy’s valuation dynamics and scenario analysis, you might explore the company’s profile on ValueRay to supplement your research.

ETSY Stock Overview

Market Cap in USD	5,772m
Sub-Industry	Broadline Retail
IPO / Inception	2015-04-16
Return 12m vs S&P 500	-2.34%
Analyst Rating	3.31 of 5

ETSY Dividends

Currently no dividends paid

ETSY Growth Ratios

CAGR 3y	-20.74%
CAGR/Max DD Calmar Ratio	-0.29
CAGR/Mean DD Pain Ratio	-0.41
Current Volume	3340.7k
Average Volume	3933k

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (182.2m TTM) > 0 and > 6% of Revenue (6% = 171.2m TTM)

FCFTA 0.25 (>2.0%) and ΔFCFTA -3.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 43.05% (prev 27.43%; Δ 15.61pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.26 (>3.0%) and CFO 691.2m > Net Income 182.2m (YES >=105%, WARN >=100%)

Net Debt (1.83b) to EBITDA (534.9m) ratio: 3.41 <= 3.0 (WARN <= 3.5)

Current Ratio 3.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (125.0m) change vs 12m ago -4.43% (target <= -2.0% for YES)

Gross Margin 72.04% (prev 70.96%; Δ 1.08pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 112.0% (prev 114.6%; Δ -2.56pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 45.63 (EBITDA TTM 534.9m / Interest Expense TTM 9.46m) >= 6 (WARN >= 3)

Altman Z'' 0.52

(A) 0.46 = (Total Current Assets 1.79b - Total Current Liabilities 565.1m) / Total Assets 2.65b

(B) -0.90 = Retained Earnings (Balance) -2.38b / Total Assets 2.65b

(D) -0.69 = Book Value of Equity -2.61b / Total Liabilities 3.77b

Total Rating: 0.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 64.54

1. Piotroski 6.0pt = 1.0

2. FCF Yield 9.08% = 4.54

3. FCF Margin 23.36% = 5.84

4. Debt/Equity -2.76 = -2.50

5. Debt/Ebitda 3.41 = -2.24

6. ROIC - WACC (= 15.04)% = 12.50

7. RoE -18.65% = -2.50

8. Rev. Trend -5.48% = -0.41

9. EPS Trend -33.81% = -1.69

What is the price of ETSY shares?

As of November 17, 2025, the stock is trading at USD 57.10 with a total of 3,340,721 shares traded.
Over the past week, the price has changed by -5.21%, over one month by -20.08%, over three months by -12.10% and over the past year by +12.94%.

Is Etsy a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Etsy is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 64.54 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of ETSY is around 45.10 USD . This means that ETSY is currently overvalued and has a potential downside of -21.02%.

Is ETSY a buy, sell or hold?

Etsy has received a consensus analysts rating of 3.31. Therefor, it is recommend to hold ETSY.

Strong Buy: 7
Buy: 3
Hold: 18
Sell: 1
Strong Sell: 3

What are the forecasts/targets for the ETSY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	69.2	21.2%
Analysts Target Price	69.2	21.2%
ValueRay Target Price	49.3	-13.7%

ETSY Fundamental Data Overview November 17, 2025

Market Cap USD = 5.77b (5.77b USD * 1.0 USD.USD)
P/E Trailing = 38.5811
P/E Forward = 20.8333
P/S = 2.0225
P/B = 21.4211
P/EG = 2.489
Beta = 1.754
Revenue TTM = 2.85b USD
EBIT TTM = 431.6m USD
EBITDA TTM = 534.9m USD
Long Term Debt = 2.98b USD (from longTermDebt, last quarter)
Short Term Debt = 1.20m USD (from shortTermDebt, last quarter)
Debt = 3.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.83b USD (from netDebt column, last quarter)
Enterprise Value = 7.34b USD (5.77b + Debt 3.08b - CCE 1.51b)
Interest Coverage Ratio = 45.63 (Ebit TTM 431.6m / Interest Expense TTM 9.46m)
FCF Yield = 9.08% (FCF TTM 666.7m / Enterprise Value 7.34b)
FCF Margin = 23.36% (FCF TTM 666.7m / Revenue TTM 2.85b)
Net Margin = 6.38% (Net Income TTM 182.2m / Revenue TTM 2.85b)
Gross Margin = 72.04% ((Revenue TTM 2.85b - Cost of Revenue TTM 797.9m) / Revenue TTM)
Gross Margin QoQ = 71.29% (prev 71.23%)
Tobins Q-Ratio = 2.77 (Enterprise Value 7.34b / Total Assets 2.65b)
Interest Expense / Debt = 0.18% (Interest Expense 5.68m / Debt 3.08b)
Taxrate = 18.01% (16.6m / 92.1m)
NOPAT = 353.9m (EBIT 431.6m * (1 - 18.01%))
Current Ratio = 3.17 (Total Current Assets 1.79b / Total Current Liabilities 565.1m)
Debt / Equity = -2.76 (negative equity) (Debt 3.08b / totalStockholderEquity, last quarter -1.11b)
Debt / EBITDA = 3.41 (Net Debt 1.83b / EBITDA 534.9m)
Debt / FCF = 2.74 (Net Debt 1.83b / FCF TTM 666.7m)
Total Stockholder Equity = -976.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.87% (Net Income 182.2m / Total Assets 2.65b)
RoE = -18.65% (negative equity) (Net Income TTM 182.2m / Total Stockholder Equity -976.6m)
RoCE = 21.54% (EBIT 431.6m / Capital Employed (Equity -976.6m + L.T.Debt 2.98b))
RoIC = 21.35% (NOPAT 353.9m / Invested Capital 1.66b)
WACC = 6.31% (E(5.77b)/V(8.85b) * Re(9.59%) + D(3.08b)/V(8.85b) * Rd(0.18%) * (1-Tc(0.18)))
Discount Rate = 9.59% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.34%
[DCF Debug] Terminal Value 73.54% ; FCFE base≈684.0m ; Y1≈712.9m ; Y5≈821.6m
Fair Price DCF = 111.9 (DCF Value 11.05b / Shares Outstanding 98.7m; 5y FCF grow 4.47% → 3.0% )
EPS Correlation: -33.81 | EPS CAGR: -7.04% | SUE: 0.32 | # QB: 0
Revenue Correlation: -5.48 | Revenue CAGR: -6.15% | SUE: 1.74 | # QB: 3

Additional Sources for ETSY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle