P/E ratio for Shopify (SHOP)
P/E ratio as of April 2024 (TTM): -79.1
According to Shopify's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -79.0778. At the end of 2022 the company had a P/E ratio of -12.7.
P/E ratio history for Shopify from 2015 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | -12.7 | -121.75% |
| 2021 | 58.5 | -86.42% |
| 2020 | 430 | -220.16% |
| 2019 | -358 | 60.4% |
| 2018 | -223 | -7.14% |
| 2017 | -240 | 135.6% |
| 2016 | -102 | 5.98% |
| 2015 | -96.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Stamps.com
STMP | N/A | N/A | 🇺🇸 USA |
 MercadoLibre MELI | 70.3 | -188.94% | 🇦🇷 Argentina |
 Etsy ETSY | 25.2 | -131.89% | 🇺🇸 USA |
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.