SPSC
Sps Commerce
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: SPSC
- PE Ratio
As of Jun 23, 2026, the Sps Commerce stock's PE ratio is 22.83. This results from the current EPS of $2.4 and stock price of $54.78. The P/E ratio has decreased by 46% from the past four quarters average of 41.9.
SPSC PE ratio history
The PE ratio of Sps Commerce has averaged 196.77 over the last ten years. The current PE ratio of 22.83 is 88% below the historical average. In the past ten years, SPSC's PE ratio was at its highest in the Dec 2017 quarter at 2,429.5, when the stock price was $24.3 and the EPS was $0.01. The lowest value was in the Mar 2026 quarter, when it reached 23.2 with a price of $55.67 and an EPS of $2.4.
Sps Commerce PE ratio by year
Maximum annual increase: 1,537.52% in 2012
Maximum annual decrease: -97.54% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 36.23 | -59.24% | $89.13 | $2.46 |
| 2024 | 88.88 | -17.47% | $183.99 | $2.07 |
| 2023 | 107.69 | 28.29% | $193.84 | $1.8 |
| 2022 | 83.94 | -26.88% | $128.43 | $1.53 |
| 2021 | 114.8 | 36.37% | $142.35 | $1.24 |
| 2020 | 84.18 | 45.82% | $108.59 | $1.29 |
| 2019 | 57.73 | -3.3% | $55.42 | $0.96 |
| 2018 | 59.7 | -97.54% | $41.19 | $0.69 |
| 2017 | 2,429.5 | 942.84% | $24.3 | $0.01 |
| 2016 | 232.97 | -7.09% | $34.95 | $0.15 |
| 2015 | 250.75 | -20.3% | $35.11 | $0.14 |
| 2014 | 314.61 | -61.46% | $28.32 | $0.09 |
| 2013 | 816.25 | 119.01% | $32.65 | $0.04 |
| 2012 | 372.7 | 1,537.52% | $18.64 | $0.05 |
| 2011 | 22.76 | -48.14% | $12.98 | $0.57 |
Sps Commerce PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 23.2 | -35.96% | $55.67 | $2.4 |
| Dec 2025 | 36.23 | -22.07% | $89.13 | $2.46 |
| Sep 2025 | 46.49 | -24.85% | $104.14 | $2.24 |
| Jun 2025 | 61.86 | 1.13% | $136.09 | $2.2 |
| Mar 2025 | 61.17 | -31.18% | $132.73 | $2.17 |
| Dec 2024 | 88.88 | -2.5% | $183.99 | $2.07 |
| Sep 2024 | 91.16 | -5.04% | $194.17 | $2.13 |
| Jun 2024 | 96 | -2.91% | $188.16 | $1.96 |
| Mar 2024 | 98.88 | -8.18% | $184.9 | $1.87 |
| Dec 2023 | 107.69 | 8.57% | $193.84 | $1.8 |
| Sep 2023 | 99.19 | -12.21% | $170.61 | $1.72 |
| Jun 2023 | 112.98 | 18.69% | $192.06 | $1.7 |
| Mar 2023 | 95.19 | 13.4% | $152.3 | $1.6 |
| Dec 2022 | 83.94 | -2.7% | $128.43 | $1.53 |
| Sep 2022 | 86.27 | 0.74% | $124.23 | $1.44 |
SPSC Price vs fair value
SPSC average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of SPSC is lower than the 3, 5 and 10-year averages.
PE comparison
With a P/E of 22.83, SPSC stands below the Technology sector, the industry and its peers average. Compared to its Technology sector average of 36.24, Sps Commerce's P/E is 37% lower.
SPSC PE vs peers
SPSC's PE ratio is lower than its peer stocks IBM and VEEV. Sps Commerce is presently trading at a lower PE ratio (22.83) than its peer group average of 28.95.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SPSC Sps Commerce Inc | 22.83 | $2.01B |
| IBM International Business Machines Corp | 22.98 | $249.01B |
| VEEV Veeva Systems Inc | 27.73 | $25.94B |
| NTCT Netscout Systems Inc | 30.56 | $2.91B |
| FICO Fair Isaac Corp | 34.52 | $25.5B |
Frequently asked questions
What is Sps Commerce's PE ratio?
As of Jun 23, 2026, SPSC stock has a price to earnings ratio of 22.83.
What is the 3-year average PE ratio for Sps Commerce (SPSC)?
The average PE ratio for SPSC stock over the past 3 years is 76.98.
What is the 5-year average PE ratio for Sps Commerce (SPSC)?
The average PE ratio for SPSC stock over the past 5 years is 84.81.
What is the highest PE ratio for SPSC?
Over the last ten years, the quarterly PE ratio reached a historic high of 2,429.5 in the Dec 2017 quarter.
How does the current PE ratio for SPSC compare to its historical average?
SPSC's price to earnings ratio is currently 88% below its 10-year historical average.
How is SPSC's PE ratio calculated (Sps Commerce PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 23, 2026), Sps Commerce's stock price is $54.78. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.4. Therefore, Sps Commerce's P/E ratio for today is 22.83. PE RATIO(22.83) = STOCK PRICE($54.78) / TTM EPS($2.4)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.