SNAP - Snap Inc Stock Price, Fair Value and News

16.75USD-0.39 (-2.28%)Delayed as of 08 May 2024, 02:24 pm ET

Market Summary

USD16.75-0.39

Delayedas of 08 May 2024, 02:24 pm

-2.28%

SNAP Alerts

3 major insider sales recently.

Losses in recent quarter

SNAP Stock Price

View Fullscreen

SNAP RSI Chart

SNAP Valuation

Market Cap

29.0B

Price/Earnings (Trailing)

-22.33

Price/Sales (Trailing)

6.03

EV/EBITDA

-29.06

Price/Free Cashflow

-942.33

SNAP Price/Sales (Trailing)

SNAP Profitability

Operating Margin

53.27%

EBT Margin

-26.41%

Return on Equity

-60.94%

Return on Assets

-18.12%

Free Cashflow Yield

-0.11%

SNAP Fundamentals

SNAP Revenue

Revenue (TTM)

4.8B

Rev. Growth (Yr)

20.85%

Rev. Growth (Qtr)

-12.23%

SNAP Earnings

Earnings (TTM)

-1.3B

Earnings Growth (Yr)

7.18%

Earnings Growth (Qtr)

-22.9%

Breaking Down SNAP Revenue

52 Week Range

8.4016.94

(Low)(High)

Last 7 days

13.9%

Last 30 days

55.8%

Last 90 days

50.2%

Trailing 12 Months

103.6%

How does SNAP drawdown profile look like?

SNAP Financial Health

Current Ratio

3.76

Debt/Equity

1.55

Debt/Cashflow

0.06

SNAP Investor Care

Shares Dilution (1Y)

2.78%

Diluted EPS (TTM)

-0.81

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	4.8B	0	0	0
2023	4.5B	4.5B	4.5B	4.6B
2022	4.4B	4.5B	4.6B	4.6B
2021	2.8B	3.3B	3.7B	4.1B
2020	1.9B	1.9B	2.2B	2.5B
2019	1.3B	1.4B	1.5B	1.7B
2018	906.0M	986.6M	1.1B	1.2B
2017	515.3M	625.2M	704.9M	824.9M
2016	145.1M	231.6M	318.0M	404.5M
2015	0	0	0	58.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Snap Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 30, 2024	o'sullivan michael j.	sold	-271,802	15.1001	-18,000	general counsel
Apr 29, 2024	murphy robert c.	sold	-14,274,500	14.2745	-1,000,000	chief technology officer
Apr 29, 2024	spiegel evan	sold	-2,153,020	14.3535	-150,000	chief executive officer
Apr 29, 2024	murphy robert c.	gifted	-	-	-341,052	chief technology officer
Apr 16, 2024	morrow rebecca	sold	-4,361	10.1907	-428	cao
Mar 28, 2024	o'sullivan michael j.	sold	-207,594	11.533	-18,000	general counsel
Mar 18, 2024	o'sullivan michael j.	sold	-655,884	10.9972	-59,641	general counsel

Which funds bought or sold SNAP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	DiNuzzo Private Wealth, Inc.	added	4.17	-120	287	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-43.16	-486,000	305,000	-%
May 06, 2024	Jefferies Financial Group Inc.	added	2,383	8,229,860	8,408,060	0.06%
May 06, 2024	Quantbot Technologies LP	reduced	-67.75	-3,418,120	956,674	0.05%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-173,305	-	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-0.3	-93,202	194,506	-%
May 06, 2024	Manchester Capital Management LLC	unchanged	-	-8,475	17,852	-%
May 06, 2024	Parallel Advisors, LLC	added	0.53	-173,957	372,560	0.01%
May 06, 2024	Empowered Funds, LLC	added	36.99	-27,122	354,480	0.01%
May 06, 2024	DUALITY ADVISERS, LP	reduced	-8.95	-1,942,580	3,134,580	0.31%

Are Funds Buying or Selling SNAP?

Are funds buying SNAP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SNAP

No. of Funds

Unveiling Snap Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	6.85%	95,317,701	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.6%	8,730,437	SC 13G/A
Feb 14, 2023	edgewood management llc	0.0%	49,000	SC 13G/A
Feb 09, 2023	vanguard group inc	6.60%	89,625,880	SC 13G
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Oct 11, 2022	fmr llc	-	0	SC 13G
Feb 14, 2022	edgewood management llc	5.4%	73,260,575	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	8.9%	122,086,490	SC 13G/A
Feb 14, 2022	norwest venture partners xiii, lp	0%	0	SC 13G/A

Recent SEC filings of Snap Inc

View All Filings

Date Filed	Form Type	Document
May 02, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 30, 2024	144	Notice of Insider Sale Intent
Apr 29, 2024	144	Notice of Insider Sale Intent
Apr 29, 2024	144	Notice of Insider Sale Intent
Apr 26, 2024	10-Q	Quarterly Report
Apr 26, 2024	S-8	Employee Benefits Plan
Apr 25, 2024	8-K	Current Report
Apr 18, 2024	4	Insider Trading

Peers (Alternatives to Snap Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GOOG	2.1T	318.1B	12.40%	59.86%	26	6.73	11.78%	40.66%
META	1.2T	142.7B	-11.19%	100.78%	26.05	8.35	21.62%	113.38%
DASH	46.9B	9.1B	-17.20%	73.06%	-111.56	5.14	27.24%	69.09%
SNAP	29.0B	4.8B	55.82%	103.56%	-22.33	6.03	6.28%	7.14%
MID-CAP
MTCH	8.4B	3.4B	-6.53%	-2.99%	12.96	2.51	5.51%	81.01%
YELP	2.8B	1.3B	1.61%	46.66%	28.3	2.1	12.03%	172.85%
SMALL-CAP
GETY	1.7B	916.6M	1.49%	-	85	1.82	-1.05%	125.21%
EVER	838.3M	269.8M	33.67%	280.30%	-17.89	3.11	-33.01%	-120.68%
GRPN	426.3M	514.9M	-2.14%	210.20%	-7.69	0.83	-14.05%	76.68%
SCOR	68.8M	371.3M	-6.57%	-20.43%	-0.87	0.19	-1.35%	-19.23%
IZEA	49.9M	36.2M	25.00%	21.95%	-6.79	1.38	-11.88%	-64.43%
DGLY	7.6M	28.2M	18.44%	-12.16%	-0.3	0.27	-23.67%	-35.41%

Snap Inc News

Latest updates

Snap Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-12.2%	1,194,773,000	1,361,287,000	1,188,551,000	1,067,669,000	988,608,000	1,299,735,000	1,128,476,000	1,110,909,000	1,062,727,000	1,297,885,000	1,067,471,000	982,108,000	769,584,000	911,322,000	678,668,000	454,158,000	462,478,000	560,888,000	446,199,000	388,021,000	320,426,000
Cost Of Revenue	-7.5%	574,749,000	621,504,000	555,753,000	496,874,000	439,986,000	481,311,000	466,757,000	446,377,000	420,897,000	449,151,000	443,473,000	445,021,000	412,601,000	385,546,000	293,095,000	250,454,000	253,410,000	253,439,000	223,140,000	215,492,000	203,767,000
Costs and Expenses	-5.1%	1,528,005,000	1,610,000,000	1,568,614,000	1,472,008,000	1,353,872,000	1,587,332,000	1,563,718,000	1,511,849,000	1,334,254,000	1,323,012,000	1,248,295,000	1,174,620,000	1,073,190,000	1,008,558,000	846,532,000	764,766,000	748,842,000	814,484,000	675,052,000	692,839,000	636,487,000
S&GA Expenses	0.1%	276,034,000	275,811,000	297,251,000	280,597,000	268,433,000	295,150,000	270,336,000	311,374,000	241,886,000	245,228,000	217,526,000	179,724,000	150,286,000	157,634,000	143,511,000	132,118,000	122,205,000	125,972,000	123,240,000	111,504,000	97,882,000
R&D Expenses	-7.0%	449,759,000	483,528,000	494,559,000	477,663,000	455,112,000	584,942,000	564,258,000	505,037,000	455,563,000	434,195,000	412,021,000	370,671,000	348,580,000	318,446,000	283,639,000	260,863,000	238,613,000	219,526,000	211,599,000	236,199,000	216,185,000
EBITDA Margin	6.8%	-0.22	-0.24	-0.25	-0.25	-0.25	-0.26	-0.19	-0.13	-0.09	-0.08	-0.12	-0.17	-0.26	-0.30	-0.42	-0.50	-0.49	-0.54	-0.57	-0.70	-0.85
Interest Expenses	-10.1%	4,743,000	5,275,000	5,521,000	5,343,000	5,885,000	5,312,000	5,425,000	5,549,000	5,173,000	4,050,000	4,031,000	4,564,000	5,031,000	29,176,000	28,212,000	24,727,000	15,113,000	14,775,000	8,654,000	809,000	756,000
Income Taxes	111.9%	6,932,000	3,271,500	5,849,000	12,100,000	6,845,000	4,231,500	9,200,000	6,999,000	8,500,000	13,038,000	992,000	-1,900,000	1,400,000	18,104,000	900,000	-1,000,000	700,000	304,000	-1,300,000	1,078,000	300,000
Earnings Before Taxes	-21.7%	-298,158,000	-244,972,000	-362,407,000	-365,215,000	-321,829,000	-284,254,000	-350,261,000	-415,068,000	-351,114,000	35,581,000	-70,967,000	-153,543,000	-285,442,000	-94,972,000	-198,944,000	-326,992,000	-305,277,000	-240,372,000	-228,671,000	-254,096,000	-310,128,000
EBT Margin	6.0%	-0.26	-0.28	-0.29	-0.29	-0.30	-0.30	-0.23	-0.18	-0.12	-0.12	-0.16	-0.22	-0.32	-0.37	-0.50	-0.57	-0.55	-0.60	-0.64	-0.77	-0.93
Net Income	-22.9%	-305,090,000	-248,247,000	-368,256,000	-377,308,000	-328,674,000	-288,460,000	-359,502,000	-422,067,000	-359,624,000	22,550,000	-71,959,000	-151,664,000	-286,882,000	-113,099,000	-199,853,000	-325,951,000	-305,936,000	-240,704,000	-227,375,000	-255,174,000	-310,407,000
Net Income Margin	6.0%	-0.27	-0.29	-0.30	-0.30	-0.31	-0.31	-0.24	-0.18	-0.13	-0.12	-0.17	-0.22	-0.33	-0.38	-0.50	-0.57	-0.55	-0.60	-0.64	-0.78	-0.93
Free Cashflow	-65.8%	37,904,000	110,855,000	-60,654,000	-118,879,000	103,472,000	78,366,000	18,109,000	-147,451,000	106,284,000	160,963,000	51,716,000	-115,709,000	126,035,000	-68,992,000	-69,555,000	-82,321,000	-4,608,000	-75,935,000	-84,087,000	-103,422,000	-77,992,000

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-10.0%	7,167	7,968	7,723	7,666	7,888	8,030	8,285	8,791	8,945	7,536	7,111	6,821	5,059	5,024	4,818	4,704	3,899	4,012	3,864	2,776	2,826
Current Assets	-15.9%	4,187	4,976	4,874	4,840	5,143	5,257	5,538	6,015	6,060	4,854	4,472	4,337	3,239	3,338	3,316	3,258	2,528	2,644	2,677	1,540	1,533
Cash Equivalents	-40.4%	1,060	1,780	1,199	1,229	1,579	1,424	1,920	2,299	2,413	1,995	1,973	2,053	968	547	825	1,253	902	521	731	338	247
Net PPE	3.9%	426	410	377	330	303	272	241	232	214	203	190	183	177	179	175	175	174	174	177	185	195
Goodwill	0.0%	1,692	1,692	1,692	1,692	1,649	1,646	1,633	1,634	1,645	1,588	1,484	1,454	88.00	939	816	775	756	761	622	628	630
Liabilities	-9.3%	5,036	5,554	5,230	5,161	5,310	5,449	5,385	5,347	5,382	3,746	3,671	3,913	3,353	2,694	2,619	2,509	1,774	1,752	1,540	659	660
Current Liabilities	-1.9%	1,112	1,134	1,010	938	1,091	1,216	1,140	1,064	843	852	808	748	752	667	610	544	523	500	369	340	323
Long Term Debt	-11.9%	3,301	3,749	3,748	3,746	3,744	3,743	3,741	3,739	3,737	2,253	2,252	2,551	2,245	1,675	1,650	1,626	903	892	880	-	-
LT Debt, Non Current	-11.9%	3,301	3,749	3,748	3,746	3,744	3,743	3,741	3,739	3,737	2,253	2,252	2,551	2,245	1,675	1,650	1,626	903	892	880	-	-
Shareholder's Equity	-11.7%	2,131	2,414	2,493	13,934	2,578	2,581	2,900	12,530	3,563	3,790	3,440	11,129	1,706	21.00	2,199	9,774	2,125	1.00	2,324	8,592	8,389
Retained Earnings	-4.6%	-12,266	-11,726	-11,288	-10,920	-10,543	-10,214	-9,425	-9,066	-8,644	-8,284	-8,307	-8,235	-8,083	-7,891	-7,778	-7,578	-7,252	-6,945	-6,705	-6,477	-6,222
Additional Paid-In Capital	1.8%	14,873	14,613	14,288	13,934	13,620	13,310	12,860	12,530	12,211	12,069	11,737	11,129	9,778	10,200	9,969	9,774	9,380	9,205	9,037	8,592	8,389
Shares Outstanding	-0.2%	1,692	1,695	1,689	1,667	1,646	1,625	1,657	1,645	1,633	1,619	1,605	1,577	1,519	1,503	1,485	1,464	1,440	1,416	1,395	1,372	1,335
Float	-	-	-	-	14,800	-	-	-	16,700	-	-	-	81,700	-	-	-	24,900	-	-	-	13,600	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-46.3%	88,352	164,574	12,781	-81,936	151,102	125,291	55,945	-124,081	127,459	185,528	71,552	-101,086	136,886	-52,545	-54,828	-66,554	6,283	-66,842	-76,149	-95,789	-66,178
Share Based Compensation	-20.8%	263,752	333,197	357,933	317,943	314,931	450,574	342,959	318,810	275,444	297,564	300,898	256,600	237,073	219,882	192,080	186,171	172,049	166,655	161,228	195,574	162,556
Cashflow From Investing	-121.1%	-131,183	623,123	-31,608	-26,399	5,838	-121,114	65,065	11,439	-1,017,665	-166,995	-155,202	131,869	280,555	-234,067	-375,250	-492,124	371,577	-144,076	-688,319	184,715	-80,928
Cashflow From Financing	-230.2%	-675,751	-204,648	-10,436	-241,706	-1,999	-500,138	-500,296	-1,618	1,308,766	2,916	4,045	1,053,659	4,453	8,168	2,434	909,059	3,130	1,364	1,157,550	1,342	5,596
Buy Backs	486.3%	235,114	-60,856	-	-	-	500,500	500,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

SNAP Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 1,194,773	$ 988,608
Costs and expenses:
Cost of revenue	574,749	439,986
Research and development	449,759	455,112
Sales and marketing	276,034	268,433
General and administrative	227,463	190,341
Total costs and expenses	1,528,005	1,353,872
Operating loss	(333,232)	(365,264)
Interest income	39,898	37,948
Interest expense	(4,743)	(5,885)
Other income (expense), net	(81)	11,372
Loss before income taxes	(298,158)	(321,829)
Income tax benefit (expense)	(6,932)	(6,845)
Net loss	$ (305,090)	$ (328,674)
Net loss per share attributable to Class A, Class B, and Class C common stockholders (Note 3):
Basic (in usd per share)	$ (0.19)	$ (0.21)
Diluted (in usd per share)	$ (0.19)	$ (0.21)
Weighted average shares used in computation of net loss per share:
Basic (in shares)	1,647,387	1,581,370
Diluted (in shares)	1,647,387	1,581,370

SNAP Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 1,060,393	$ 1,780,400
Marketable securities	1,850,622	1,763,680
Accounts receivable, net of allowance	1,108,357	1,278,176
Prepaid expenses and other current assets	167,385	153,587
Total current assets	4,186,757	4,975,843
Property and equipment, net	426,363	410,326
Operating lease right-of-use assets	511,117	516,862
Intangible assets, net	127,658	146,303
Goodwill	1,691,524	1,691,827
Other assets	223,982	226,597
Total assets	7,167,401	7,967,758
Current liabilities
Accounts payable	246,217	278,961
Operating lease liabilities	36,649	49,321
Accrued expenses and other current liabilities	829,579	805,836
Total current liabilities	1,112,445	1,134,118
Convertible senior notes, net	3,301,466	3,749,400
Operating lease liabilities, noncurrent	553,741	546,279
Other liabilities	68,401	123,849
Total liabilities	5,036,053	5,553,646
Commitments and contingencies (Note 8)
Stockholders’ equity
Additional paid-in capital	14,873,261	14,613,404
Accumulated deficit	(12,266,740)	(11,726,536)
Accumulated other comprehensive income (loss)	750	7,131
Total stockholders’ equity	2,131,348	2,414,112
Total liabilities and stockholders’ equity	7,167,401	7,967,758
Class A Non-voting Common Stock
Stockholders’ equity
Common stock, value	14	14
Treasury stock, at cost. 48,793 and 49,200 shares of Class A non-voting common stock at March 31, 2024 and December 31, 2023, respectively.	(475,939)	(479,903)
Class B Voting Common Stock
Stockholders’ equity
Common stock, value	0	0
Class C Voting Common Stock
Stockholders’ equity
Common stock, value	$ 2	$ 2

About Snap Inc

Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

CEO	Mr. Evan T. Spiegel
WEBSITE	snap.com
INDUSTRY	Internet Retail
EMPLOYEES	5288

Snap Inc Frequently Asked Questions

What is the ticker symbol for Snap Inc? What does SNAP stand for in stocks?

SNAP is the stock ticker symbol of Snap Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Snap Inc (SNAP)?

As of Tue May 07 2024, market cap of Snap Inc is 29 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SNAP stock?

You can check SNAP's fair value in chart for subscribers.

What is the fair value of SNAP stock?

You can check SNAP's fair value in chart for subscribers. The fair value of Snap Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Snap Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SNAP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Snap Inc a good stock to buy?

The fair value guage provides a quick view whether SNAP is over valued or under valued. Whether Snap Inc is cheap or expensive depends on the assumptions which impact Snap Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SNAP.

What is Snap Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, SNAP's PE ratio (Price to Earnings) is -22.33 and Price to Sales (PS) ratio is 6.03. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SNAP PE ratio will change depending on the future growth rate expectations of investors.