RO
Roku Inc.
ROKU · Communication Services
Company brief
RO
ROKUCommunication Services$2.1B

Roku Inc.

Leading TV streaming platform operating system and advertising technology platform connecting viewers, content publishers, and advertisers

Moat score
8.7/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$125
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+77%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
46.0x

Forward P/E around 46.0x means investors pay about $46.0 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
90.8x

A P/E around 90.8x means investors pay about $90.8 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$1.33
Market Cap
$18.3B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Roku keeps turning its platform into durable value while the market weighs growth against a forward P/E near 46.0x.

Watch signal

Forward P/E around 46.0x remains reasonable versus growth.

What you own

Roku Inc. is exposure to communication services operating model with high switching costs and 112% net revenue retention.

Base thesis

Roku OS embedded in 75M+ devices creates massive switching costs for consumers and TV manufacturers

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
8.7Moat Score
Net Revenue Retention112%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Roku OS embedded in 75M+ devices creates massive switching costs for consumers and TV manufacturers
  • OneView advertising platform has exclusive access to viewing data from Roku's walled garden ecosystem
  • Channel certification process creates 6-month+ onboarding friction, locking in content partners
  • Proprietary recommendation algorithms trained on 1B+ daily viewing hours create personalization moat
  • TV manufacturer partnerships require 2-year+ integration cycles, creating multi-year contract lock-in
  • Advertising inventory scarcity during premium viewing times (primetime, sports) drives pricing power