Mercado Libre, Inc (MELI) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025. The company is roughly split be...
Mercado Libre, Inc (MELI) currently trades at a P/E ratio of 49.91 (historical range: 39.04–1079.45, median: 74.70), placing it at the 13th percentile — cheap relative to its history, P/S ratio of 2.64 (range: 2.43–17.05, 5th percentile — cheap relative to its history), EV/EBITDA of 34.55 (range: 26.21–299.70, 18th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Mercado Libre, Inc's P/E ratio has contracted by 79% over the observed period (from an average of 274.4 to 58.7).
Mercado Libre, Inc trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 49.91 | 74.70 | 13th | cheap relative to its history |
| P/S Ratio | 2.64 | 5.19 | 5th | cheap relative to its history |
| EV/EBITDA | 34.55 | 43.77 | 18th | cheap relative to its history |
| FCF Yield | 13.35% | 5.82% | 94th | cheap relative to its history |
Mercado Libre, Inc (MELI) Valuation & P/E History
Mercado Libre, Inc (MELI) is a US-listed stock operating in the Technology sector, specifically the Services-Business Services, Nec industry currently trading at $1829.16 with a market capitalization of $92.7 billion. This page provides historical valuation analysis for MELI based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 49.91 is below the historical median of 74.70, placing MELI at the 13th percentile of its valuation range. The P/S ratio of 2.64 compares to a median of 5.19.
MELI Valuation Metrics & Historical Range
The valuation table above shows Mercado Libre, Inc's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether MELI is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests MELI is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Mercado Libre, Inc.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is MELI Overvalued or Undervalued?
Mercado Libre, Inc trades well below its historical valuation range across most metrics. The overall valuation percentile of 12 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive MELI is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full MELI analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.MELI trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.