What's priced into Pinterest, Inc.?
What do you have to believe to make money in Pinterest, Inc. at $20.16? The stock trades at 57.6x trailing earnings and the Street expects about 78% growth a year. The question is where do we go from here?
Growth down the side, exit multiple across the top, your five-year annualized return in each cell.
5-year annualized return · growth vs exit multiple
| EPS growth ↓ · Exit multiple → | 28.8x −50% | 43.2x −25% | 57.6x today | 72.0x +25% | 41.8x 5y median |
|---|---|---|---|---|---|
| −39% (decline) | −47% | −42% | −39% | −36% | −43% |
| 0% (no growth) | −13% | −6% | +0% | +5% | −6% |
| 39% (half) | +21% | +31% | +39% | +45% | +30% |
| 78% (Street consensus) | +55% | +68% | +78% | +86% | +67% |
| 97% (beat) | +72% | +86% | +97% | +106% | +85% |
| 117% (big beat) | +89% | +105% | +117% | +127% | +103% |
“The bet you're really making is that advertisers keep paying to reach people who come to Pinterest already planning a purchase, a kitchen remodel, a wedding, a pair of boots. You're betting the rest of the world, where most of the users are and where Pinterest barely earns a thing today, slowly starts paying the way Americans do.”
From our PINS write-up.
Read the PINS write-up →Method. Trailing diluted EPS of $0.35 (price $20.16 ÷ 57.6x trailing P/E; data from Financial Modeling Prep, September 8, 2026). Exit multiples are anchored to the stock itself: 50% and 25% below today's multiple, today's, 25% above, and its own five-fiscal-year median of 41.8x. Growth rows are anchored to the Street’s forward consensus: a decline at half the center rate, zero, half, the center, 25% above, and 50% above. Cell shading scales with the return, green positive, red negative. Each cell: EPS compounds at the row's rate for five years, the stock is valued at the column's multiple in year five, and the result is the annualized return against today's price. Dividends and buybacks excluded. An illustrative surface, not a forecast and not a call.