Shopify (Shopify) Forward PE Ratio : 72.86 (As of Apr. 24, 2024)

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What is Shopify Forward PE Ratio?

Shopify's Forward PE Ratio for today is 72.86.

Shopify's PE Ratio without NRI for today is 98.99.

Shopify's PE Ratio for today is 802.89.

Shopify Forward PE Ratio Historical Data

The historical data trend for Shopify's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shopify Forward PE Ratio Chart

Shopify Annual Data

Trend

2016-01

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

1,111.11

344.83

196.08

454.55

294.12

263.16

1,000.00

76.34

70.42

Shopify Quarterly Data
	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	714.29	344.83	1,250.00	833.33	256.41	196.08	476.19	500.00	357.14	454.55	2,500.00	5,000.00	400.00	294.12	263.16	400.00	270.27	263.16	277.78	625.00	5,000.00	1,000.00	5,000.00	188.68	78.74	76.34	77.52

Competitive Comparison of Shopify's Forward PE Ratio

For the Software - Application subindustry, Shopify's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Shopify's Forward PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Shopify's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Shopify's Forward PE Ratio falls into.

Shopify Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Shopify (NYSE:SHOP) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Shopify Forward PE Ratio Related Terms

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Shopify (Shopify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NYSE:SHOP) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

SHOP:Mexico 307:Germany 307:Germany SHOP:Canada S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.