$49.72 B
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P/E ratio for Spotify (SPOT)

P/E ratio as of February 2024 (TTM): -61.5

According to Spotify's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -61.5215. At the end of 2022 the company had a P/E ratio of -34.9.

P/E ratio history for Spotify from 2018 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2021< -10001276.54%

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.12-114.83%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel

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.