The P/E ratio for Shopify stock stands at 720.0 as of May 2, 2024. This takes into account the latest EPS of $0.1 and stock price of $72.
Over the last four years, the average PE ratio of Shopify has been 315.77. The current 720.0 price-to-earnings ratio is 128% more than the historical average. Analyzing the last four years, SHOP's PE ratio reached its highest point in the Dec 2023 quarter at 779, with a price of $77.9 and an EPS of $0.1. The Sep 2021 quarter saw the lowest point at 49.3, with a price of $135.58 and an EPS of $2.75.
Maximum annual decrease: -85.96% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 779 | N/A |
| 2022 | N/A | N/A |
| 2021 | 58.86 | -85.96% |
| 2020 | 419.24 | N/A |
| 2019 | N/A | N/A |
| 2018 | N/A | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
The current PE ratio of SHOP is above its 3 and 5-year averages.
SHOP's PE ratio is above its peer stocks AMZN and MELI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ETSY Etsy Inc | 24.55 | $7B |
| AMZN Amazon Com Inc | 51.16 | $1.94T |
| MELI Mercadolibre Inc | 83.28 | $82.92B |
| SHOP Shopify Inc | 744.1 | $95.73B |
| EVLV Evolv Technologies Holdings Inc | N/A | $588.95M |
The price to earnings ratio for SHOP stock is 720 as of May 2, 2024.
The 3-year average PE ratio for SHOP stock is 276.61.
The 5-year average PE ratio for SHOP stock is 315.77.
The highest quarterly PE ratio in the last four years has been 779 and it was in the Dec 2023 quarter.
SHOP's price to earnings ratio is currently 128% above its 4-year historical average.
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (May 2, 2024), Shopify's share price is $72. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $0.1. Therefore, Shopify's price to earnings ratio for today is 720. PE RATIO(720) = STOCK PRICE($72) / TTM EPS($0.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.