SPOT
Spotify Technology S A
PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: SPOT
- PE Ratio
The PE ratio for Spotify Technology S A stock stands at 26.54 as of Oct 1, 2026. This takes into account the latest EPS of €16.22 and stock price of $491.4. A decrease of 44% has been observed in the PE ratio compared to its average of 47.3 of the last four quarters.
SPOT PE ratio history
Over the last eight years, the average PE ratio of Spotify Technology S A has been 100.73. The current 26.54 P/E ratio is 74% lower than the historical average. Looking back at the last eight years, SPOT's PE ratio peaked in the Mar 2022 quarter at 349.67, with a price of $151.02 and an EPS of €0.39. The Jun 2026 quarter marked the lowest point at 24.8, with a price of $459.13 and an EPS of €16.22.
Spotify Technology S A PE ratio by year
Maximum annual decrease: -39.48% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 45.89 | -39.48% | $580.71 | €10.77 |
| 2024 | 75.83 | N/A | $447.38 | €5.67 |
| 2023 | N/A | N/A | $187.91 | -€2.73 |
| 2022 | N/A | N/A | $78.95 | -€2.23 |
| 2021 | N/A | N/A | $234.03 | -€0.18 |
| 2020 | N/A | N/A | $314.66 | -€3.1 |
| 2019 | N/A | N/A | $149.55 | -€1.03 |
| 2018 | N/A | N/A | $113.5 | -€0.44 |
| 2017 | N/A | N/A | N/A | -€8.14 |
| 2016 | N/A | N/A | N/A | -€3.63 |
| 2015 | N/A | N/A | N/A | -€1.62 |
Spotify Technology S A PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 24.8 | -22.16% | $459.13 | €16.22 |
| Mar 2026 | 31.86 | -30.57% | $484.91 | €13.15 |
| Dec 2025 | 45.89 | -47.14% | $580.71 | €10.77 |
| Sep 2025 | 86.82 | -47.02% | $698 | €6.85 |
| Jun 2025 | 163.88 | 86.06% | $767.34 | €3.98 |
| Mar 2025 | 88.08 | 16.15% | $550.03 | €5.77 |
| Dec 2024 | 75.83 | -19.98% | $447.38 | €5.67 |
| Sep 2024 | 94.76 | -24.18% | $368.53 | €3.5 |
| Jun 2024 | 124.98 | N/A | $313.79 | €2.34 |
| Mar 2024 | N/A | N/A | $263.9 | -€0.58 |
| Dec 2023 | N/A | N/A | $187.91 | -€2.73 |
| Sep 2023 | N/A | N/A | $154.64 | -€3.78 |
| Jun 2023 | N/A | N/A | $160.55 | -€4.97 |
| Mar 2023 | N/A | N/A | $133.62 | -€4.07 |
| Dec 2022 | N/A | N/A | $78.95 | -€2.23 |
SPOT 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 SPOT is lower than its 3 and 5-year averages.
PE comparison
With a price to earnings (P/E) of 26.54, SPOT ranks higher than the industry average but lower than the Technology sector average. In comparison with the Technology sector average of 34.01, Spotify Technology S A's price to earnings (P/E) is 22% lower.
SPOT PE vs peers
Frequently asked questions
What is Spotify Technology S A's PE ratio?
SPOT's price to earnings ratio is 26.54 as of Oct 1, 2026.
What is the 3-year average PE ratio for Spotify Technology S A (SPOT)?
Over the last 3 years, the average price to earnings ratio for SPOT stock is 81.88.
What is the 5-year average PE ratio for Spotify Technology S A (SPOT)?
Over the last 5 years, the average price to earnings ratio for SPOT stock is 108.66.
What is the highest PE ratio for SPOT?
Over the last eight years, the quarterly PE ratio reached its highest level at 349.67 in the Mar 2022 quarter.
How does the current PE ratio for SPOT compare to its historical average?
SPOT's price to earnings ratio is currently 74% below its 8-year historical average.
How is SPOT's PE ratio calculated (Spotify Technology S A PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Oct 1, 2026), Spotify Technology S A's share price is $491.4. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is €16.22. Therefore, Spotify Technology S A's PE ratio for today is 26.54. PE RATIO(26.54) = STOCK PRICE($491.4) / TTM EPS(€16.22)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.