How to buy Meta Platforms stock in Canada
Learn how to buy Meta Platforms stock in 5 easy steps.
How to buy Meta Platforms stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – META. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
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What is Meta Platforms?
Meta Platforms (formerly Facebook) is one of the biggest listed companies in the United States and the creator of the popular social network platform by the same name. Its other products include Instagram, Messenger, WhatsApp and Facebook Reality Labs. Headquartered in California, the company was founded in 2004 and went public on the Nasdaq in 2012.
Meta Platforms stock price
Meta Platforms price performance over time
|1 week (2023-09-15)||-0.41%|
|1 month (2023-08-24)||4.30%|
|3 months (2023-06-23)||3.58%|
|6 months (2023-03-24)||45.18%|
|1 year (2022-09-22)||109.41%|
|2 years (2021-09-24)||-15.27%|
|3 years (2020-09-24)||19.86%|
|5 years (2018-09-24)||80.81%|
Buy Meta Platforms, Inc. stocks from these online trading platformsCompare special offers, low fees and a wide range of investment options among top trading platforms.
Note: The dollar amounts in the table below are in Canadian dollars.
Alternative ways to invest in Meta
Buying stocks in just one company can leave you more exposed to unexpected swings in the market than if you have a range of investments otherwise known as a diversified portfolio. Experts generally recommend having a broad mix of assets and funds on the basis that drops in the value of some will be offset by rises elsewhere.
This means that it’s generally a good idea to invest in exchange traded funds (ETFs) or index funds like the S&P 500 to expose yourself to a variety of companies and industries. The good news is that Meta is a major part of the NASDAQ index, so it’s included in many global funds and investment trusts like the S&P 500, as well as ETFs.
Is Meta Platforms stock undervalued or overvalued?
Valuing Meta Platforms stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meta Platforms's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Meta Platforms's P/E ratio
Meta Platforms's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 36x. In other words, Meta Platforms shares trade at around 36x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Meta Platforms's PEG ratio
Meta Platforms's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.6345. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meta Platforms's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Meta Platforms's EBITDA
Meta Platforms's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $44.9 billion.
The EBITDA is a measure of a Meta Platforms's overall financial performance and is widely used to measure a its profitability.
Meta Platforms financials
|Revenue TTM||$120.5 billion|
|Operating margin TTM||29.22%|
|Gross profit TTM||$92.9 billion|
|Return on assets TTM||11.69%|
|Return on equity TTM||17.36%|
|Market capitalisation||$802.1 billion|
TTM: trailing 12 months
Meta Platforms share dividends
We're not expecting Meta Platforms to pay a dividend over the next 12 months.
Meta Platforms share price volatility
Over the last 12 months, Meta Platforms's shares have ranged in value from as little as $88.09 up to $326.2. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Meta Platforms's is 1.2341. This would suggest that Meta Platforms's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Meta Platforms in the news
30 Low Cost Business Ideas With High Profit
Meta Platforms, Inc.'s (NASDAQ:META) Stock Been Rising: Are Strong Financials Guiding The Market?
What Happened to the Metaverse?
Meta Platforms overview
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc.
Frequently asked questions about Meta (META)
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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