Overview Dividends

(ETSY) Etsy - Ratings and Ratios

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

Marketplace, Advertising, Payments, Shipping, Labels

Broadline Retail
Market Cap in USD: 5,677m

IPO / Inception: 2015-04-16
Return 12m vs S&P 500: -3.47%

EPS (Earnings per Share)

EPS CAGR: -1.99%
EPS Trend: 14.0%

Last SUE: -2.47
Qual. Beats: 0

Revenue

Rev. CAGR: -1.48%
Rev. Trend: 27.0%

Last SUE: 1.74
Qual. Beats: 3

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	48.6%
Value at Risk 5%th	74.9%
Relative Tail Risk	-6.33%

Reward TTM
Sharpe Ratio	0.35
Alpha	-2.36
CAGR/Max DD	-0.32

Character TTM
Hurst Exponent	0.562
Beta	0.933
Beta Downside	1.233

Drawdowns 3y
Max DD	72.47%
Mean DD	53.19%
Median DD	57.32%

Description: ETSY Etsy January 08, 2026

Etsy, Inc. (NASDAQ:ETSY) runs three two-sided marketplaces-Etsy (hand-made and vintage goods), Reverb (musical instruments), and Depop (fashion resale)-that match independent sellers with global buyers.

The company monetizes these platforms through listing fees, transaction commissions, off-site advertising, payment processing, and optional seller services such as on-site ads, shipping labels, and the Etsy Share & Save fee-reduction program.

Key recent metrics (FY 2023): revenue of approximately $2.6 billion, a 12 % year-over-year increase in gross merchandise volume (GMV), and an active-buyer base of roughly 90 million, with a take-rate (gross merchandise revenue ÷ GMV) of about 6.5 %.

Macro-level drivers include discretionary-spending trends tied to inflation and consumer confidence, as well as the broader e-commerce shift toward niche and peer-to-peer platforms, which historically grow faster than the overall retail sector.

Given the mix of organic growth in the artisan market and the potential for cross-selling between Etsy, Reverb, and Depop, the stock’s upside hinges on sustaining seller acquisition while managing take-rate pressure from competitive advertising options.

For a deeper quantitative dive, the ValueRay platform offers granular metrics and scenario analysis.

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 -4.31pp (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) 69.27

1. Piotroski 6.0pt

2. FCF Yield 9.07%

3. FCF Margin 23.01%

4. Debt/Equity -2.76

5. Debt/Ebitda 3.41

6. ROIC - WACC (= 15.16)%

7. RoE -18.65%

8. Rev. Trend 26.97%

9. EPS Trend 13.97%

What is the price of ETSY shares?

As of January 08, 2026, the stock is trading at USD 61.76 with a total of 3,168,070 shares traded.
Over the past week, the price has changed by +11.40%, over one month by +13.65%, over three months by -13.55% and over the past year by +14.41%.

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	67.3	8.9%
Analysts Target Price	67.3	8.9%
ValueRay Target Price	52.4	-15.2%

ETSY Fundamental Data Overview January 05, 2026

Market Cap USD = 5.68b (5.68b USD * 1.0 USD.USD)
P/E Trailing = 38.7027
P/E Forward = 20.8768
P/S = 1.9891
P/B = 21.4211
P/EG = 2.4968
Beta = 1.763
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 = 7.24b USD (5.68b + Debt 3.08b - CCE 1.51b)
Interest Coverage Ratio = 45.63 (Ebit TTM 431.6m / Interest Expense TTM 9.46m)
FCF Yield = 9.07% (FCF TTM 656.8m / Enterprise Value 7.24b)
FCF Margin = 23.01% (FCF TTM 656.8m / 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 = 2.73 (Enterprise Value 7.24b / 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 = 2.78 (Net Debt 1.83b / FCF TTM 656.8m)
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 = 6.18% (E(5.68b)/V(8.75b) * Re(9.45%) + D(3.08b)/V(8.75b) * Rd(0.18%) * (1-Tc(0.18)))
Discount Rate = 9.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.34%
[DCF Debug] Terminal Value 74.00% ; FCFE base≈678.0m ; Y1≈706.7m ; Y5≈814.5m
Fair Price DCF = 113.4 (DCF Value 11.19b / Shares Outstanding 98.7m; 5y FCF grow 4.47% → 3.0% )
EPS Correlation: 13.97 | EPS CAGR: -1.99% | SUE: -2.47 | # QB: 0
Revenue Correlation: 26.97 | Revenue CAGR: -1.48% | SUE: 1.74 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.45 | Chg30d=-0.002 | Revisions Net=-4 | Analysts=19
EPS next Year (2026-12-31): EPS=2.51 | Chg30d=-0.001 | Revisions Net=-19 | Growth EPS=+85.0% | Growth Revenue=+2.7%

Additional Sources for ETSY Stock

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