SHOP Shopify PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: SHOP
- PE Ratio
The P/E ratio for Shopify stock stands at 90.14 as of Jul 1, 2025. This takes into account the latest EPS of $1.25 and stock price of $112.67. An increase of 26% has been observed in the PE ratio compared to its average of 71.4 of the past four quarters.
SHOP PE ratio history
Over the last five years, the average PE ratio of Shopify has been 234.32. The current 90.14 price-to-earnings ratio is 62% less than the historical average. Analyzing the last five 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.
Shopify PE ratio by year
Maximum annual decrease: -91.31% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 67.73 | -91.31% | $106.33 | $1.57 |
| 2023 | 779 | N/A | $77.9 | $0.1 |
| 2022 | N/A | N/A | $34.71 | -$2.73 |
| 2021 | 58.86 | -85.96% | $137.74 | $2.34 |
| 2020 | 419.24 | N/A | $113.2 | $0.27 |
| 2019 | N/A | N/A | $39.76 | -$0.11 |
| 2018 | N/A | N/A | $13.85 | -$0.06 |
| 2017 | N/A | N/A | $10.1 | -$0.04 |
| 2016 | N/A | N/A | $4.29 | -$0.04 |
| 2015 | N/A | N/A | $2.58 | -$0.03 |
| 2014 | N/A | N/A | N/A | -$0.06 |
| 2013 | N/A | N/A | N/A | -$0.01 |
| 2012 | N/A | N/A | N/A | $0 |
Shopify PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 76.38 | 12.77% | $95.48 | $1.25 |
| Dec 2024 | 67.73 | -9.57% | $106.33 | $1.57 |
| Sep 2024 | 74.9 | 12.26% | $80.14 | $1.07 |
| Jun 2024 | 66.72 | N/A | $66.05 | $0.99 |
| Mar 2024 | N/A | N/A | $77.17 | -$0.16 |
| Dec 2023 | 779 | N/A | $77.9 | $0.1 |
| Sep 2023 | N/A | N/A | $54.57 | -$0.9 |
| Jun 2023 | N/A | N/A | $64.6 | -$1.58 |
| Mar 2023 | N/A | N/A | $47.94 | -$1.51 |
| Dec 2022 | N/A | N/A | $34.71 | -$2.73 |
| Sep 2022 | N/A | N/A | $26.94 | -$2.54 |
| Jun 2022 | N/A | N/A | $31.24 | -$1.5 |
| Mar 2022 | 422.48 | 617.77% | $67.6 | $0.16 |
| Dec 2021 | 58.86 | 19.39% | $137.74 | $2.34 |
| Sep 2021 | 49.3 | -32.85% | $135.58 | $2.75 |
SHOP Price vs fair value
SHOP average PE ratio chart
The current PE ratio of SHOP is under its 3, 5 and 10-year averages.
SHOP PE vs peers
SHOP's PE ratio is above its peer stocks AMZN and MELI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ETSY Etsy Inc | 31.7 | $5.36B |
| AMZN Amazon Com Inc | 35.16 | $2.34T |
| MELI Mercadolibre Inc | 61.54 | $126.81B |
| SHOP Shopify Inc | 90.14 | $146.18B |
| EVLV Evolv Technologies Holdings Inc | N/A | $995.46M |
Frequently asked questions
What is Shopify's PE ratio?
The price to earnings ratio for SHOP stock is 90.14 as of Jul 1, 2025.
What is the 3-year average PE ratio for Shopify (SHOP)?
The 3-year average PE ratio for SHOP stock is 212.95.
What is the 5-year average PE ratio for Shopify (SHOP)?
The 5-year average PE ratio for SHOP stock is 234.32.
What is the highest PE ratio for SHOP?
The highest quarterly PE ratio in the last five years has been 779 and it was in the Dec 2023 quarter.
How does the current PE ratio for SHOP compare to its historical average?
SHOP's price to earnings ratio is currently 62% below its 5-year historical average.
Why is Shopify's PE ratio so high?
A company with a higher PE ratio may indicate that the market has higher growth expectations for the company's future earnings or profitability.
How is SHOP's PE ratio calculated (Shopify PE ratio formula)?
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 (Jul 1, 2025), Shopify's share price is $112.67. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $1.25. Therefore, Shopify's price to earnings ratio for today is 90.14. PE RATIO(90.14) = STOCK PRICE($112.67) / TTM EPS($1.25)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.