Shopify Inc
NYSE:SHOP

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Shopify Inc
NYSE:SHOP
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Price: 78.44 USD -0.7% Market Closed
Market Cap: 101.2B USD
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Relative Value

The Relative Value of one SHOP stock under the Base Case scenario is 24.34 USD. Compared to the current market price of 78.44 USD, Shopify Inc is Overvalued by 69%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SHOP Relative Value
Base Case
24.34 USD
Overvaluation 69%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
10
Median 3Y
12.3
Median 5Y
15.4
Industry
2.3
Forward
11.5
vs History
26
vs Industry
1
Median 3Y
-13.3
Median 5Y
-13.3
Industry
22.8
Forward
69.2
vs History
77
vs Industry
7
Median 3Y
113.3
Median 5Y
242.1
Industry
16.6
vs History
68
vs Industry
8
Median 3Y
104.2
Median 5Y
114.3
Industry
21.4
vs History
57
vs Industry
11
Median 3Y
8.7
Median 5Y
11.4
Industry
2.8
vs History
65
vs Industry
11
Median 3Y
11.7
Median 5Y
14.5
Industry
2.3
Forward
11
vs History
66
vs Industry
10
Median 3Y
23
Median 5Y
28.2
Industry
4.8
vs History
39
vs Industry
Median 3Y
-67.8
Median 5Y
-67.8
Industry
12.8
Forward
68.8
vs History
39
vs Industry
Median 3Y
-62.1
Median 5Y
-62.1
Industry
16.4
Forward
72.5
vs History
77
vs Industry
7
Median 3Y
102
Median 5Y
213.6
Industry
15.6
vs History
68
vs Industry
8
Median 3Y
98.9
Median 5Y
148.2
Industry
18.5
vs History
58
vs Industry
6
Median 3Y
13.8
Median 5Y
18.4
Industry
2.4

Multiples Across Competitors

SHOP Competitors Multiples
Shopify Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Shopify Inc
NYSE:SHOP
101.2B USD 13 79.4 112.2 118.1
US
Snowflake Inc.
NYSE:SNOW
38.1B USD 11.9 -37.5 -32.1 -28.2
US
Cloudflare Inc
NYSE:NET
29.5B USD 20 -289.6 -710.9 -169.7
US
GoDaddy Inc
NYSE:GDDY
23.2B USD 5.2 12.5 26 30.2
US
MongoDB Inc
NASDAQ:MDB
19.8B USD 10.9 -89.8 -70.6 -65.3
US
Verisign Inc
NASDAQ:VRSN
17.1B USD 11.1 20 16.5 17.1
US
Akamai Technologies Inc
NASDAQ:AKAM
15.2B USD 3.9 24.2 11.8 21.5
US
Twilio Inc
NYSE:TWLO
13.6B USD 3.1 -29.4 101.2 -114.1
US
Okta Inc
NASDAQ:OKTA
12.4B USD 5.1 -91.5 -77.2 -49.1
IL
Wix.Com Ltd
NASDAQ:WIX
9B USD 5.4 122 123 212.2
US
Switch Inc
F:821
7.7B EUR 12.6 22.2 34.8 109.8
P/E Multiple
Earnings Growth
CA
Shopify Inc
NYSE:SHOP
Average P/E: 46.7
79.4
1 716%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -37.5 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -289.6 N/A
US
GoDaddy Inc
NYSE:GDDY
12.5
-3%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -89.8 N/A
US
Verisign Inc
NASDAQ:VRSN
20
12%
US
Akamai Technologies Inc
NASDAQ:AKAM
24.2
115%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -29.4 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -91.5 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
122
1 247%
US
S
Switch Inc
F:821
22.2
N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBITDA: 60.8
112.2
3 292%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -32.1 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -710.9 N/A
US
GoDaddy Inc
NYSE:GDDY
26
115%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -70.6 N/A
US
Verisign Inc
NASDAQ:VRSN
16.5
15%
US
Akamai Technologies Inc
NASDAQ:AKAM
11.8
53%
US
Twilio Inc
NYSE:TWLO
101.2
N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -77.2 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
123
1 611%
US
S
Switch Inc
F:821
34.8
N/A
EV/EBIT Multiple
EBIT Growth
CA
Shopify Inc
NYSE:SHOP
Average EV/EBIT: 84.8
118.1
41 950%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -28.2 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -169.7 N/A
US
GoDaddy Inc
NYSE:GDDY
30.2
111%
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -65.3 N/A
US
Verisign Inc
NASDAQ:VRSN
17.1
14%
US
Akamai Technologies Inc
NASDAQ:AKAM
21.5
89%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -114.1 N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -49.1 N/A
IL
Wix.Com Ltd
NASDAQ:WIX
212.2
6 673%
US
S
Switch Inc
F:821
109.8
N/A

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