Grid Dynamics Holdings Inc Class A (GDYN) valuation
Grid Dynamics P/E ratio history
Grid Dynamics trades at 133.6 times its earnings over the last twelve months and 23.5 times the earnings analysts expect over the next twelve. At its last 3 fiscal year ends its P/E ranged from 22.1 (year to Dec 2019) to 444.8 (year to Dec 2024), with a median of 82.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $9.03 | $0.11 | 82.1 | 20.0 |
| Dec 31, 2024 | $22.24 | $0.05 | 444.8 | 53.5 |
| Dec 31, 2023 | $13.33 | -$0.02 | n/m | — |
| Dec 31, 2022 | $11.22 | -$0.42 | n/m | 22.0 |
| Dec 31, 2021 | $37.97 | -$0.13 | n/m | 105.3 |
| Dec 31, 2020 | $12.60 | -$0.28 | n/m | — |
| Dec 31, 2019 | $10.85 | $0.49 | 22.1 | — |
| Dec 31, 2018 | $9.68 | — | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Grid Dynamics valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Grid DynamicsGDYN | $1.12B | 133.6 | 23.5 | 2.6 |
| HarmonicHLIT | $1.11B | — | 13.4 | 2.2 |
| Rapid7RPD | $1.11B | 53.4 | 8.6 | 1.3 |
| Red VioletRDVT | $1.13B | 70.8 | 46.8 | 11.4 |
| Digital TurbineAPPS | $1.07B | — | 11.8 | 1.8 |
| Ncr VoyixVYX | $1.17B | 20.7 | 8.7 | 0.5 |
| ScansourceSCSC | $1.17B | 15.9 | 11.9 | 0.4 |
| Ambiq MicroAMBQ | $1.02B | 1.5 | — | 10.4 |
| Bigbear.AiBBAI | $1.25B | — | — | 8.8 |
| Peer median | 20.7 | 11.9 | 2.0 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: GDYN financials · GDYN returns
No forecast, no recommendation. This page describes Grid Dynamics Holdings Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.