ETOR
eToro Group Ltd.
ETOR's fundamentals are mixed: earnings per share grew 22%, but revenue fell 36%. At 8.3x earnings, it's trading below its usual 15x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
ETOR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
ETOR's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like ETOR.
ETOR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 8.3x | $22.46 | — |
| Forward | 10x | $22.46 | — |
| Cheap | 12x | $31.64 | +41% |
| Fair | 15x | $39.69 | +77% |
| Expensive | 17x | $45.36 | +102% |
Historical ranges are pointers, not guarantees.
ETOR's PE is in its cheap range at 8.3x. On analysts' estimates for next year's earnings, today's price would be 10x.
ETOR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect ETOR's profitability to weaken, with its earnings and revenue holding steady. However, they disagree widely on these estimates.
ETOR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | -19% |
| Q2 2026 | $2.71 | +22% |
| Q1 2026 | $2.44 | +6.6% |
| Q4 2025 | $2.30 | -1.7% |
ETOR earned $2.71 per share over the past year, up 22% from the year before.
ETOR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $239.5M | -89% |
| Q1 2026 | $268M | -93% |
| Q4 2025 | $3.9B | -34% |
| Q3 2025 | $4.1B | +164% |
| Q2 2025 | $2.1B | +13% |
| Q1 2025 | $3.8B | +11% |
ETOR's revenue has slid since its 2024 peak: $240M last quarter, down 89% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 27% | +25 points |
| Q1 2026 | 37% | +35 points |
| Q4 2025 | 2.2% | +0.5 points |
| Q3 2025 | 1.8% | -1.5 points |
| Q2 2025 | 2% | -0.3 points |
| Q1 2025 | 2% | -0.4 points |
| Q4 2024 | 1.7% | N/A |
| Q3 2024 | 3.2% | N/A |
ETOR's operating margin was 27% last quarter, up 25 points from the same quarter a year ago.
ETOR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $37.3M | -38% |
| Q1 2026 | $102.2M | +8.4% |
| Q4 2025 | $123.9M | +90% |
| Q3 2025 | $39.9M | -50% |
| Q2 2025 | $59.9M | -17% |
| Q1 2025 | $94.2M | +92% |
ETOR's free cash flow was $303M over the past year, up 1.5% from the year before. Free cash flow isn't a meaningful measure for financial services companies like ETOR.
ETOR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.6% | -2.5M shares |
| 1 year | -5.5% | -5.3M shares |
ETOR has 92M diluted shares, down 5.5% from a year ago, with $190M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $88M |
| Q1 2026 | $101.1M |
| Q4 2025 | — |
| Q3 2025 | $875,000 |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ETOR spent $190M buying back its own shares over the past year, after none the year before.
ETOR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.7x | Net Cash |
| Q1 2026 | -3.1x | Net Cash |
| Q4 2025 | -3.2x | Net Cash |
| Q3 2025 | -3.1x | Net Cash |
| Q2 2025 | -3.2x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -11.9x | Net Cash |
ETOR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like ETOR.
ETOR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.6 | Oversold |
| Stochastic | 5.7 | Oversold |
ETOR's weekly RSI is 30 (oversold) and its Stochastic is 6 (oversold).
ETOR PE vs Financial Services Sector
| Metric | ETOR | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 0 | 15 | 15 pts below |
ETOR is trading at 8.3x earnings, a 36% discount to the Financial Services sector's median of 13x.
ETOR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.3 | 7.4% below |
| 20 week MA | $29.9 | 25% below |
| 50 week MA | $32.8 | 31% below |
ETOR is in a downtrend: it's below all three of its weekly moving averages, and 31% below its 50-week average.
ETOR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $64.2 | $35.9 | -44% |
| 2026 YTD | $35.9 | $22.5 | -37% |
ETOR has finished every year since 2025 lower, and it's down 37% so far in 2026.