SPOT
Spotify Technology S A
PEG ratio, current and historical analysis
- Stocks
- Technology
- NYSE: SPOT
- PEG Ratio
Spotify Technology S A currently trades with a PEG ratio of 0.25, based on Aug 3, 2026 data. Dividing the 32.18 PE ratio by the 127.9% earnings growth rate produces this figure. Relative to the 1.0 average from the past 4 quarters, the PEG ratio has shrunk by 75%.
SPOT PEG ratio history
Historically, Spotify Technology S A maintains a PEG ratio averaging 0.89 across the last eight years. At 0.25, today's PEG ratio sits 72% lower than its historical average. The eight years high came in the Mar 2022 quarter at 3.12, reflecting peak valuation relative to growth. The bottom was reached in the Mar 2025 quarter at 0.08, suggesting favorable value relative to growth during that period.
Spotify Technology S A PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.51 | 45.83 | 89.9% |
| 2024 | 0.25 | 75.75 | 307.7% |
| 2023 | N/A | N/A | -22.4% |
| 2022 | N/A | N/A | -1,138.9% |
| 2021 | N/A | N/A | 94.2% |
| 2020 | N/A | N/A | -201% |
| 2019 | N/A | N/A | -134.1% |
| 2018 | N/A | N/A | 94.6% |
| 2017 | N/A | N/A | -124.2% |
| 2016 | N/A | N/A | -124.1% |
| 2015 | N/A | N/A | N/A |
Spotify Technology S A PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Mar 2026 | 0.25 | 32.08 | 127.9% |
| Dec 2025 | 0.51 | 45.83 | 89.9% |
| Sep 2025 | 0.91 | 86.61 | 95.7% |
| Jun 2025 | 2.34 | 163.88 | 70.1% |
| Mar 2025 | 0.08 | 87.7 | 1,094.8% |
| Dec 2024 | 0.25 | 75.75 | 307.7% |
| Sep 2024 | 0.49 | 94.76 | 192.6% |
| Jun 2024 | 0.85 | 124.71 | 147.1% |
| Mar 2024 | N/A | N/A | 85.7% |
| Dec 2023 | N/A | N/A | -22.4% |
| Sep 2023 | N/A | N/A | -267% |
| Jun 2023 | N/A | N/A | -3,006.3% |
| Mar 2023 | N/A | N/A | -1,143.6% |
| Dec 2022 | N/A | N/A | -1,138.9% |
| Sep 2022 | N/A | N/A | -63.5% |
SPOT average PEG ratio chart
SPOT's PEG ratio today comes in under the 3 and 5-year averages.
PEG comparison
With a PEG of 0.25, SPOT ranks lower than the Technology sector and the industry average. In comparison with the Technology sector average of 0.75, Spotify Technology S A's PEG is 67% lower.
SPOT EPS growth
SPOT PEG vs peers
Relative to its peers, SPOT's PEG ratio is below AAPL's yet above GOOGL's.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| GOOGL Alphabet Inc - Class A | 0.17 | $4.57T |
| SPOT Spotify Technology S.A. | 0.25 | $100B |
| AAPL Apple Inc | 1.07 | $4.43T |
| PINS Pinterest Inc - Class A | N/A | $13.53B |
| SNAP Snap Inc - Class A | N/A | $8.35B |
Frequently asked questions
What is Spotify Technology S A's PEG ratio?
Based on Aug 3, 2026 data, SPOT shows a PEG ratio of 0.25.
What is the 3-year average PEG ratio for Spotify Technology S A (SPOT)?
Across the past 3 years, SPOT's PEG ratio has centered around 0.71.
What is the 5-year average PEG ratio for Spotify Technology S A (SPOT)?
Across the past 5 years, SPOT's PEG ratio has centered around 0.98.
What is the highest PEG ratio for SPOT?
In the last eight years, SPOT's peak PEG ratio of 3.12 occurred in the Mar 2022 quarter.
How does the current PEG ratio for SPOT compare to its historical average?
Compared to the 8-year average, SPOT's PEG ratio sits 72% lower.
Why is Spotify Technology S A's PEG ratio so low?
At 0.25, SPOT's PEG ratio suggests the stock may be undervalued given its growth rate.
How is SPOT's PEG ratio calculated (Spotify Technology S A PEG ratio formula)?
PEG equals PE divided by EPS growth rate (YoY TTM). As of Aug 3, 2026, Spotify Technology S A carries a PE ratio of 32.18. Earnings grew at 127.9% over the TTM period ending Mar 2026. Applying the formula, this yields a PEG ratio of 0.25. PEG RATIO(0.25) = PE RATIO(32.18) / EPS GROWTH(127.9%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.