Consumer Discretionary · Broadline Retail · US stock · price as of 16 Oct 2026
Key indicators
Price
$250.00
52-week range
$196.00 – $287.20
Market cap
$2.73T
P/E (trailing)
20.1×
EV / EBITDA
16.2×
Free-cash-flow yield
−0.4%
Dividend yield
–
Revenue (last 12 months)
$775.7B
Revenue growth (3y a year)
–
Operating margin
12.1%
Return on invested capital
11.0%
Net debt / EBITDA
0.6×
Fair value
Blended fair value$176.43 range $162 – $192
Versus priceOvervalued−29% to fair value
Peer multiples
$194.18
10-year DCF (market-scaled)
$158.67
Model uncertainty
Low
X-Ray Score
41/ 100 · Medium confidence · ahead of 19% of sector peers
Valuation13
Growth78
Profitability26
Financial health56
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Amazon operates online and physical stores, a marketplace where independent merchants list products, and Amazon Web Services, a cloud computing platform. It also provides Prime subscriptions, advertising services, streaming content, and devices such as Kindle and Echo. Customers range from consumers and third-party merchants to businesses, start-ups and governments that run workloads in the cloud. Reporting is split across North America, International and AWS.
Revenue comes from product sales, marketplace services, subscriptions, advertising and cloud services, and it totals $775.7 billion over the last twelve months. The operating margin is 12.1%, and the business earns a profit of 11% on the capital invested in it. The company carries net debt of 0.6 times EBITDA and pays no dividend. The data sheet does not include a multi-year revenue growth figure.
StocksXray gives Amazon Com Inc an X-Ray Score of 41 out of 100 (medium confidence), ahead of 19% of the S&P 500 stocks in its sector. Its strongest lens is growth (78) and its weakest is valuation (13).
Our fair value blend is $176.43 (range $161.52 to $191.90). At $250.00 the stock trades 42% above that blend, so the label is "Overvalued" with low model uncertainty. Fair value is a range, not a price target.
XStocksXray
Amazon Com Inc (AMZN)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2025
FY2025
FY2025
FY2026
FY2026
Now
Price
$219.39
$219.57
$230.82
$208.27
$238.34
$250.00
Market cap
–
–
$2.50T
–
–
$2.73T
P/E
–
–
32.2×
–
–
20.1×
EV / revenue
–
–
3.4×
–
–
3.5×
EV / EBITDA
–
–
16.8×
–
–
16.2×
Price / free cash flow
–
–
324.8×
–
–
–
Free-cash-flow yield
–
–
0.3%
–
–
−0.4%
Price / book
–
–
6.1×
–
–
4.9×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 2 Good · ● 4 Average · ● 6 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.4%Bad
Free-cash-flow yield−0.4%Bad
Risk models
Altman Z score2.7×Average
Growth
Growth consistency100%Good
Balance sheet
Current ratio1.0×Average
Net debt / EBITDA0.6×Good
Interest cover28.1×Average
Valuation
Fair value vs price0.7×Bad
EBIT / EV yield3.3%Bad
Profitability
Return on invested capital11.0%Bad
Operating margin12.1%Average
Gross profitability35.9%Bad
XStocksXray
Amazon Com Inc (AMZN)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY25
FY25
FY25
FY26
FY26
LTM
Revenue
–
–
716,924
–
–
775,680
Gross profit
–
–
360,510
–
–
393,810
Operating income
–
–
79,975
–
–
93,712
Net income
70,623
76,482
77,670
90,798
135,281
135,281
Diluted EPS ($)
–
–
7.17
–
–
12.45
Free cash flow
13,481
10,560
7,695
-2,472
-11,625
-11,625
Gross margin
–
–
50.3%
–
–
50.8%
Operating margin
–
–
11.2%
–
–
12.1%
Net margin
–
–
10.8%
–
–
17.4%
Balance sheet
FY25
FY25
FY25
FY26
FY26
LTM
Total assets
682,170
727,921
818,042
916,630
1,095,689
1,095,689
Cash
57,741
66,922
86,810
101,816
78,213
78,213
Total debt
55,896
54,959
68,851
122,058
132,549
132,549
Equity
333,775
369,631
411,065
441,914
551,620
551,620
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.