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SHOP Shopify PE ratio, current and historical analysis

The P/E ratio for Shopify stock stands at 76.75 as of Feb 12, 2025. This takes into account the latest EPS of $1.57 and stock price of $120.49.

SHOP PE ratio history

How has SHOP's PE ratio performed in the past

Over the last five years, the average PE ratio of Shopify has been 248.68. The current 76.75 price-to-earnings ratio is 69% 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.

Today
76.75
Average
248.68
Median
74.9
Minimum
49.3
Maximum
779

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
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
Jun 2021 73.42 -13.08% $146.1 $1.99

SHOP average PE ratio chart

What is the average PE ratio of SHOP for the past years

The current PE ratio of SHOP is under its 3 and 5-year averages.

3-year avg
282.17
5-year avg
248.68
10-year avg
N/A
15-year avg
N/A

SHOP PE vs peers

What is SHOP's PE ratio compared to its peers

SHOP's PE ratio is above its peer stocks AMZN and MELI.

Stock name PE ratio Market cap
ETSY Etsy Inc 24.22 $5.94B
AMZN Amazon Com Inc 40.45 $2.43T
MELI Mercadolibre Inc 71.19 $102.24B
SHOP Shopify Inc 76.75 $156.01B
EVLV Evolv Technologies Holdings Inc N/A $617.6M

Frequently asked questions

What is Shopify's PE ratio?

The price to earnings ratio for SHOP stock is 76.75 as of Feb 12, 2025.

What is the 3-year average PE ratio for Shopify (SHOP)?

The 3-year average PE ratio for SHOP stock is 282.17.

What is the 5-year average PE ratio for Shopify (SHOP)?

The 5-year average PE ratio for SHOP stock is 248.68.

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 69% 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 (Feb 12, 2025), Shopify's share price is $120.49. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $1.57. Therefore, Shopify's price to earnings ratio for today is 76.75. PE RATIO(76.75) = STOCK PRICE($120.49) / TTM EPS($1.57)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.