As of Q4'25, Netflix's latest P/E Ratio stands at 40.99, reflecting a decrease from the previous quarter's 45.35. This value is notably lower than the recent peak of 50.14 observed in Q2'25. Over the period from Q1'23 to Q4'25, the P/E Ratio for Netflix has exhibited significant volatility, with notable peaks in Q2'23 (44.62), Q4'23 (45.65), and Q2'25 (50.14). Despite these fluctuations, the overall trend shows periods of sharp increases followed by corrections, indicating shifting investor sentiment and valuation expectations throughout the timeframe.