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 76.93 as of Nov 5, 2025. This takes into account the latest EPS of €6.85 and stock price of $620. A decrease of 26% has been observed in the PE ratio compared to its average of 103.5 of the last four quarters.
SPOT PE ratio history
Over the last seven years, the average PE ratio of Spotify Technology S A has been 123.11. The current 76.93 P/E ratio is 38% lower than the historical average. Looking back at the last seven years, SPOT's PE ratio peaked in the Mar 2022 quarter at 352.38, with a price of $151.02 and an EPS of €0.39. The Sep 2019 quarter marked the lowest point at 39.15, with a price of $114 and an EPS of €2.65.
Spotify Technology S A PE ratio by year
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 75.75 | 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 |
|---|---|---|---|---|
| Sep 2025 | 86.61 | -47.15% | $698 | €6.85 |
| Jun 2025 | 163.88 | 86.86% | $767.34 | €3.98 |
| Mar 2025 | 87.7 | 15.78% | $550.03 | €5.77 |
| Dec 2024 | 75.75 | -20.06% | $447.38 | €5.67 |
| Sep 2024 | 94.76 | -24.02% | $368.53 | €3.5 |
| Jun 2024 | 124.71 | 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 |
| Sep 2022 | N/A | N/A | $86.3 | -€1.03 |
| Jun 2022 | N/A | N/A | $93.83 | -€0.16 |
| Mar 2022 | 352.38 | N/A | $151.02 | €0.39 |
SPOT average PE ratio chart
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 76.93, SPOT ranks higher than the Technology sector and the industry average. In comparison with the Technology sector average of 32.57, Spotify Technology S A's price to earnings (P/E) is 136% higher.
SPOT PE vs peers
SPOT's PE ratio stands higher than its peer stocks AAPL and GOOGL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PINS Pinterest Inc | 9.26 | $18.32B |
| GOOGL Alphabet Inc | 28.08 | $3.47T |
| AAPL Apple Inc | 36.01 | $3.99T |
| SPOT Spotify Technology S.A. | 76.45 | $126.96B |
| SNAP Snap Inc | N/A | $14.25B |
Frequently asked questions
What is Spotify Technology S A's PE ratio?
SPOT's price to earnings ratio is 76.93 as of Nov 5, 2025.
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 105.57.
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 140.83.
What is the highest PE ratio for SPOT?
Over the last seven years, the quarterly PE ratio reached its highest level at 352.38 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 38% below its 7-year historical average.
Why is Spotify Technology S A's PE ratio so high?
SPOT's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
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 (Nov 5, 2025), Spotify Technology S A's share price is $620. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2025 is €6.85. Therefore, Spotify Technology S A's PE ratio for today is 76.93. PE RATIO(76.93) = STOCK PRICE($620) / TTM EPS(€6.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.