Shopify
SHOP
#104
Rank
NZ$272.30 B
Marketcap
NZ$209.49
Share price
-1.57%
Change (1 day)
106.51%
Change (1 year)

P/E ratio for Shopify (SHOP)

P/E ratio as of July 2025 (TTM): 100

According to Shopify's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 100.441. At the end of 2024 the company had a P/E ratio of 68.2.

P/E ratio history for Shopify from 2015 to 2025

PE ratio at the end of each year

Year P/E ratio Change
202468.2-91.24%
2023779-6226.97%
2022-12.7-121.75%
202158.5-86.42%
2020430-220.16%
2019-35860.4%
2018-223-7.14%
2017-240135.6%
2016-1025.98%
2015-96.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
MercadoLibre
MELI
58.7-41.60%๐Ÿ‡ฆ๐Ÿ‡ท Argentina
Stamps.com
STMP
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
Etsy
ETSY
22.7-77.43%๐Ÿ‡บ๐Ÿ‡ธ USA
Shoper
SHO.WA
78.2-22.12%๐Ÿ‡ต๐Ÿ‡ฑ Poland

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.