Shopify Inc. Class A subordinate voting shares (SHOP) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on...
Shopify Inc. Class A subordinate voting shares (SHOP) currently trades at a P/E ratio of 151.20 (historical range: 43.20–178.57, median: 92.96), placing it at the 97th percentile — expensive relative to its history, P/S ratio of 16.29 (range: 9.82–26.41, 63th percentile — above its historical average), EV/EBITDA of 512.83 (range: 367.75–526.51, 90th percentile).
Over the historical period (2024-08-30 to 2026-08-28), Shopify Inc. Class A subordinate voting shares's P/E ratio has expanded by 76% over the observed period (from an average of 67.4 to 118.7).
Shopify Inc. Class A subordinate voting shares appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 151.20 | 43.20 | 92.96 | 178.57 | 97th | expensive relative to its history |
| P/S Ratio | 16.29 | 9.82 | 15.54 | 26.41 | 63th | above its historical average |
| EV/EBITDA | 512.83 | 367.75 | 487.79 | 526.51 | 90th | expensive relative to its history |
| FCF Yield | 0.00 | 0.00 | 0.01 | 0.02 | 0th | expensive relative to its history |