Moderna (MRNA) Price to Earnings (2018 - 2026)
Moderna's (MRNA) quarterly Price to Earnings came in at 35.73 in Q2 2026, down 174.66% year-over-year from 47.86 in Q2 2025, and down 137.94% quarter-over-quarter from 15.02 in Q1 2026.
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Moderna (MRNA) Price to Earnings (2018 - 2026) Analysis & Trends
Moderna (MRNA) has reported Price to Earnings for 9 consecutive years, with 35.73 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Earnings fell 174.66% year-over-year to 35.73 in Q2 2026; TTM through Jun 2026 was 8.87, a 139.86% decrease from a year earlier, with the FY2025 full-year figure at 4.12, up 8.65% from the prior year.
- Price to Earnings was 35.73 for Q2 2026 at Moderna, down from 15.02 in the prior quarter.
- Over five years, Price to Earnings peaked at 1979.2 in Q3 2024 and troughed at 50.5 in Q3 2025.
- A 5-year average of 153.75 and a median of 12.15 in 2025 frame the typical range for Price to Earnings.
- Across the five-year window, Price to Earnings slumped 231.61% in 2023 and soared 18356.28% in 2024, its largest moves.
- Over 5 years, Price to Earnings stood at 47.2 in 2022, then soared by 270.88% to 175.07 in 2023, then plunged by 108.19% to 14.33 in 2024, then increased by 1.84% to 14.07 in 2025, then tumbled by 154.01% to 35.73 in 2026.
- The last three Price to Earnings figures came in at 35.73 (Q2 2026), 15.02 (Q1 2026), and 14.07 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 649.01 Bn | 628.25 Bn | 17.26 Bn |
| 2 | AbbVie | 468.55 Bn | 462.03 Bn | 12.70 Bn |
| 3 | Merck | 365.49 Bn | 358.40 Bn | 12.21 Bn |
| 4 | Novartis Ag | 272.39 Bn | 265.10 Bn | 11.24 Bn |
| 5 | Astrazeneca | 253.18 Bn | 247.96 Bn | 12.86 Bn |
| 6 | Amgen | 219.53 Bn | 205.54 Bn | 7.24 Bn |
| 7 | Gilead Sciences | 187.85 Bn | 184.59 Bn | 6.22 Bn |
| 8 | Pfizer | 160.56 Bn | 149.16 Bn | 10.94 Bn |
| 9 | Vertex Pharmaceuticals | 130.81 Bn | 122.96 Bn | 2.84 Bn |
| 10 | Moderna | 72.66 Bn | 67.52 Bn | 52.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35.73 |
| Mar 31, 2026 | -15.02 |
| Dec 31, 2025 | -14.07 |
| Sep 30, 2025 | -50.50 |
| Jun 30, 2025 | -13.01 |
| Mar 31, 2025 | -11.30 |
| Dec 31, 2024 | -14.33 |
| Sep 30, 2024 | 1,979.20 |
| Jun 30, 2024 | -35.65 |
| Mar 31, 2024 | -34.73 |
| Dec 31, 2023 | 175.07 |
| Sep 30, 2023 | -10.84 |
| Jun 30, 2023 | -33.54 |
| Mar 31, 2023 | 746.52 |
| Dec 31, 2022 | 47.20 |
| Sep 30, 2022 | 43.88 |
| Jun 30, 2022 | 25.49 |
| Mar 31, 2022 | 18.84 |
| Dec 31, 2021 | 21.03 |
| Sep 30, 2021 | 46.77 |
API Access
Moderna Price to Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-earnings&ticker=MRNA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "ticker": "MRNA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-earnings&ticker=MRNA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();