Valuation Shopify Inc.

Equities

Market Closed - Nasdaq Other stock markets 21:00:00 05/06/2026 BST			5-day change	1st Jan Change
109.54 ^USD	-5.60%		-7.72%	-31.95%

06-03	Meta dives into enterprise AI race with new business agent	RE
06-03	TSX Falls 185 Points at Midday	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	173,001	44,154	100,187	137,389	209,558	142,510	-	-
Change	-	-74.48%	126.9%	37.13%	52.53%	-31.99%	-	-
Enterprise Value (EV) ¹	166,144	40,015	96,095	132,828	203,780	135,422	132,873	129,750
Change	-	-75.92%	140.15%	38.23%	53.42%	-33.54%	-1.88%	-2.35%
P/E ratio	60.1x	-12.7x	779x	68.6x	171x	123x	54.6x	40x
PBR	14.1x	5.37x	11.1x	11.2x	15.6x	9.97x	8.46x	7.1x
PEG	-	0x	-8x	0x	-4.3x	-22.75x	0x	1.1x
Capitalization / Revenue	37.5x	7.88x	14.2x	15.5x	18.1x	9.63x	7.78x	6.21x
EV / Revenue	36x	7.15x	13.6x	15x	17.6x	9.15x	7.25x	5.66x
EV / EBITDA	218x	933x	118x	87.2x	101x	49.5x	36.9x	26.6x
EV / EBIT	231x	6,604x	123x	89.3x	103x	51.1x	37.9x	27.9x
EV / FCF	366x	-215x	106x	83.2x	102x	51.7x	38.9x	26.9x
FCF Yield	0.27%	-0.47%	0.94%	1.2%	0.98%	1.94%	2.57%	3.72%
Dividend per Share ²	-	-	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-	-	-
EPS ²	2.29	-2.73	0.1	1.55	0.94	0.8892	2.006	2.736
Distribution rate	-	-	-	-	-	-	-	-
Net sales ¹	4,612	5,600	7,060	8,880	11,556	14,797	18,320	22,935
EBITDA ¹	762.1	42.88	814	1,523	2,009	2,734	3,597	4,886
EBIT ¹	718	6.059	782	1,487	1,978	2,648	3,506	4,655
Net income ¹	2,915	-3,460	132	2,019	1,231	1,160	2,607	3,596
Net Debt ¹	-6,857	-4,140	-4,092	-4,561	-5,778	-7,088	-9,637	-12,760
Reference price ²	137.74	34.71	77.90	106.33	160.97	109.54	109.54	109.54
Nbr of stocks (in thousands)	1,256,003	1,272,089	1,286,099	1,292,100	1,301,843	1,300,987	-	-
Announcement Date	16/02/22	15/02/23	13/02/24	11/02/25	11/02/26	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SHOPIFY INC.	123.19x	9.15x	49.53x	-.--%	143B
ALIBABA GROUP HOLDING LIMITED	20.98x	1.51x	10.6x	0.93%	276B
PDD HOLDINGS INC.	9.09x	0.74x	3.29x	-.--%	121B
MERCADOLIBRE, INC.	39.6x	1.78x	16.91x	-.--%	81.51B
MEITUAN	-41.18x	0.82x	57.01x	-.--%	63.01B
EBAY INC.	24x	4.31x	14.01x	1.13%	48.55B
COPART, INC.	19.6x	5.38x	13x	-	28.66B
VIPSHOP HOLDINGS LIMITED	5.12x	0.17x	1.82x	4.54%	6.5B
GLOBAL-E ONLINE LTD.	28.25x	3.63x	16.16x	-.--%	5.4B
USS CO., LTD.	20.9x	6.61x	11.49x	2.88%	5.31B
Average	24.96x	3.41x	19.38x	1.05%	77.9B
Weighted average by Cap.	34.81x	3.12x	21.27x	0.47%