Spotify Technology S.A. (SPOT) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment....
Spotify Technology S.A. (SPOT) currently trades at a P/E ratio of 51.25 (historical range: 44.63–52.72, median: 47.68), placing it at the 90th percentile — expensive relative to its history, P/S ratio of 6.60 (range: 5.74–6.79, 90th percentile — expensive relative to its history), EV/EBITDA of 48.13 (range: 41.47–49.61, 90th percentile).
Spotify Technology S.A. 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 | 51.25 | 44.63 | 47.68 | 52.72 | 90th | expensive relative to its history |
| P/S Ratio | 6.60 | 5.74 | 6.14 | 6.79 | 90th | expensive relative to its history |
| EV/EBITDA | 48.13 | 41.47 | 44.54 | 49.61 | 90th | expensive relative to its history |