The current price of the Amazon stock is $1673. The latest EPS ratio was $6.04 for Q4 2018. So, the P/E ratio should be
$1673/$6.04 ~ 279. But the robinhood app says the P/E ratio of Amazon is 83. What am I missing?
The EPS of Amazon for the last quarter of 2018 was $6.05. However, the P/E ratio is calculated using an annual number for earnings. Amazon’s earnings for 2018 was $20.14. (Source)
$1673 / $20.14 = 83.07