SHOP
NEUTRAL
$131.15
Live
Shopify Inc. · NASDAQ
Target $159.7
(+21.8%)
$80.35
52W Range
$182.19
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated Apr 19, 2026
Market cap
$170.62B
P/E
139.52
ROE
9.8%
Profit margin
10.7%
Debt/Equity
0.01
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
Shopify exhibits a stable financial health profile with a Piotroski F-Score of 4/9 and a pristine balance sheet (Debt/Equity 0.01), yet it suffers from an extreme valuation disconnect. The current price of $131.15 trades at a massive premium to its Graham Number ($14.78) and Intrinsic Value ($6.58), reflecting aggressive growth expectations. While top-line revenue growth remains strong at 30.6%, the recent -42.3% contraction in earnings growth is a significant concern. The stock is a classic high-growth play where fundamental value is secondary to market sentiment and scalability.
Key Strengths
Exceptional liquidity with a Current Ratio of 5.96 and Quick Ratio of 4.58
Virtually debt-free balance sheet (Debt/Equity 0.01)
Strong top-line momentum with 30.6% YoY revenue growth
Significant scale in GMV ($378.4 billion) indicating dominant market position
High operating margin (20.29%) relative to net profit margin
Key Risks
Extreme valuation risk with a P/E ratio of 139.52
Severe earnings contraction (-42.3% YoY) despite revenue growth
Massive gap between current market price and deterministic fair value models
Bearish technical trend (0/100) suggesting lack of short-term momentum
High PEG ratio (2.41) indicating the stock is overvalued relative to its growth rate
AI Fair Value Estimate
Based on comprehensive analysis
$115.0
-12.3% below current price
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
47
Moderate
15
75
60
85
0
AI Verdict
Speculative Growth
Key drivers: Revenue Growth, Balance Sheet Strength, Valuation Premium
Confidence
90%
Value
15/100
Ref P/E, PEG, Graham Number
Positives
- Forward P/E is lower than trailing P/E
Watchpoints
- P/E of 139.52 is excessive
- Price is ~9x the Graham Number
- P/S of 14.77 is very high
Future
75/100
Ref Growth rates
Positives
- 30% YoY Revenue growth
- Strong GMV expansion
- Scalable B2B and Plus offerings
Watchpoints
- Negative earnings growth trend
Past
60/100
Ref Historical trends
Positives
- Strong 1Y return (+56.8%)
- Consistent revenue beats
Watchpoints
- Recent 6M decline (-16.9%)
- Volatile quarterly EPS surprises
Health
85/100
Ref Altman Z-Score, Piotroski F-Score
Positives
- Near-zero debt
- Very high current ratio
- Stable Piotroski score
Watchpoints
- Piotroski F-Score is only 4/9 (Stable, not Strong)
Dividend
0/100
Ref Yield, Payout
Positives
No standout positives identified.
Watchpoints
- No dividend payments
- 0/100 dividend strength
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$131.15
Analyst Target
$159.7
Upside/Downside
+21.8%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for SHOP and closest competitors.
Updated 2026-04-17
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
SHOP
Shopify Inc.
Primary
|
+14.5% | +166.6% | +56.8% | -16.9% | +6.0% | +18.4% |
|
ANET
Arista Networks, Inc.
Peer
|
+609.0% | +347.9% | +5.6% | +19.3% | +4.3% | +5.0% |
|
CRM
Salesforce, Inc.
Peer
|
-13.6% | -5.4% | -30.0% | -21.1% | -3.2% | +2.0% |
|
TXN
Texas Instruments Incorporated
Peer
|
+16.6% | +14.2% | +11.4% | +7.3% | -7.5% | -0.2% |
|
APH
Amphenol Corporation
Peer
|
+376.2% | +290.2% | +93.7% | +44.2% | +9.5% | -2.2% |
SHO
Shopify Inc.
Primary
5Y
+14.5%
3Y
+166.6%
1Y
+56.8%
6M
-16.9%
1M
+6.0%
1W
+18.4%
ANE
Arista Networks, Inc.
Peer
5Y
+609.0%
3Y
+347.9%
1Y
+5.6%
6M
+19.3%
1M
+4.3%
1W
+5.0%
CRM
Salesforce, Inc.
Peer
5Y
-13.6%
3Y
-5.4%
1Y
-30.0%
6M
-21.1%
1M
-3.2%
1W
+2.0%
TXN
Texas Instruments Incorporated
Peer
5Y
+16.6%
3Y
+14.2%
1Y
+11.4%
6M
+7.3%
1M
-7.5%
1W
-0.2%
APH
Amphenol Corporation
Peer
5Y
+376.2%
3Y
+290.2%
1Y
+93.7%
6M
+44.2%
1M
+9.5%
1W
-2.2%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
139.52
Forward P/E
57.14
PEG Ratio
2.41
P/B Ratio
12.69
P/S Ratio
14.77
EV/Revenue
14.31
EV/EBITDA
85.73
Market Cap
$170.62B
Profitability
Profit margins and return metrics
Profit Margin
10.65%
Operating Margin
20.29%
Gross Margin
48.07%
ROE
9.84%
ROA
8.15%
Growth
Revenue and earnings growth rates
Revenue Growth
+30.6%
Earnings Growth
-42.3%
Q/Q Revenue Growth
+30.58%
Q/Q Earnings Growth
-42.5%
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.01
Low debt
Current Ratio
5.96
Strong
Quick Ratio
4.58
Excellent
Cash/Share
$4.48
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$3.7B
Gross Margin
46.1%
Op. Margin
20.3%
Net Margin
20.2%
Total Assets
$15.2B
Liabilities
$1.7B
Equity
$13.5B
Debt/Equity
0.13x
Operating CF
$0.7B
CapEx
$-0.0B
Free Cash Flow
$0.7B
FCF Yield
99%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-05
$N/A
2026-02-11
$0.48
-5.7% surprise
2025-11-04
$0.34
+0.6% surprise
2025-08-06
$0.35
+22.1% surprise
Technology Sector Comparison
Comparing SHOP against 436 companies in the Technology sector
(37 bullish, 154 neutral, 245 bearish)
P/E Ratio
139.52
This Stock
vs
89.73
Sector Avg
+55.5%
(Expensive)
Return on Equity (ROE)
9.84%
This Stock
vs
-34.11%
Sector Avg
-128.8%
(Below Avg)
Profit Margin
10.65%
This Stock
vs
-13.06%
Sector Avg
-181.6%
(Weaker)
Debt to Equity
0.01
This Stock
vs
0.68
Sector Avg
-98.0%
(Less Debt)
Revenue Growth
30.6%
This Stock
vs
5682.49%
Sector Avg
-99.5%
(Slower)
Current Ratio
5.96
This Stock
vs
3.94
Sector Avg
+51.1%
(Stronger)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
SHOP
Shopify Inc.
|
NEUTRAL | $170.62B | 139.52 | 9.8% | 10.7% | $131.15 | |
|
ANET
Arista Networks, Inc.
|
NEUTRAL | $171.69B | 52.64 | 31.7% | 39.7% | $136.34 | Compare |
|
CRM
Salesforce, Inc.
|
NEUTRAL | $174.91B | 23.69 | 12.4% | 18.0% | $186.67 | Compare |
|
TXN
Texas Instruments Incorporated
|
NEUTRAL | $176.76B | 35.69 | 30.1% | 28.3% | $194.14 | Compare |
|
APH
Amphenol Corporation
|
NEUTRAL | $184.82B | 50.84 | 34.8% | 18.2% | $150.99 | Compare |
SHOP
Shopify Inc.
NEUTRAL
Mkt Cap
$170.6B
P/E
139.5
ROE
9.8%
Price
$131.15
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-15 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 60,000 | $7,338,540 |
| 2026-04-15 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 12,000 | $1,467,708 |
| 2026-04-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Option Exercise | 3,000 | $139,680 |
| 2026-04-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Purchase | 3,000 | $357,078 |
| 2026-04-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Option Exercise | 3,000 | $139,680 |
| 2026-04-15 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Purchase | 3,000 | $375,000 |
| 2026-04-08 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Purchase | 675 | $84,780 |
| 2026-04-08 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 60,000 | $7,493,160 |
| 2026-04-08 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 12,000 | $1,498,632 |
| 2026-04-06 | Goodman (Gail Faye) | Director of Issuer | Option Exercise | 1,200 | $4,766 |
| 2026-04-06 | Goodman (Gail Faye) | Director of Issuer | Purchase | 1,200 | $140,964 |
| 2026-04-02 | Finkelstein (Harley Michael) | Senior Officer of Issuer | Purchase | 675 | $77,179 |
| 2026-04-01 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 15,000 | $1,796,475 |
| 2026-04-01 | Lutke (Tobias Albin) | Director of Issuer | Purchase | 3,000 | $359,295 |
| 2026-03-31 | Shopify Inc | Issuer | Purchase | 197,228 | $22,841,763 |
Lutke (Tobias Albin)
Director of Issuer
2026-04-15
60,000 shares
·
$7,338,540
Lutke (Tobias Albin)
Director of Issuer
2026-04-15
12,000 shares
·
$1,467,708
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-15
3,000 shares
·
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-15
3,000 shares
·
$357,078
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-15
3,000 shares
·
$139,680
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-15
3,000 shares
·
$375,000
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-08
675 shares
·
$84,780
Lutke (Tobias Albin)
Director of Issuer
2026-04-08
60,000 shares
·
$7,493,160
Lutke (Tobias Albin)
Director of Issuer
2026-04-08
12,000 shares
·
$1,498,632
Goodman (Gail Faye)
Director of Issuer
2026-04-06
1,200 shares
·
$4,766
Goodman (Gail Faye)
Director of Issuer
2026-04-06
1,200 shares
·
$140,964
Finkelstein (Harley Michael)
Senior Officer of Issuer
2026-04-02
675 shares
·
$77,179
Lutke (Tobias Albin)
Director of Issuer
2026-04-01
15,000 shares
·
$1,796,475
Lutke (Tobias Albin)
Director of Issuer
2026-04-01
3,000 shares
·
$359,295
Shopify Inc
Issuer
2026-03-31
197,228 shares
·
$22,841,763
Insider transactions can signal confidence or concerns about company prospects
SEC Filings
Recent regulatory filings from the SEC EDGAR database
10-K
For the fiscal year ended December 31, 2025, Shopify reported total revenue of $11.6 billion, a 30% increase year-over-year, and facilitated a gross merchandise volume (GMV) of $378.4 billion, up 29%. Revenue is generated through a combination of subscription and merchant solutions. Specific risk factors were not detailed in the provided excerpt beyond general forward-looking statement warnings.
8-K
10-Q
8-K
8-K
10-Q
8-K
Data sourced from SEC EDGAR. AI summaries generated automatically.
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
BUY
46 analysts
Wells Fargo
2026-04-06
Overweight
Overweight
Jefferies
2026-03-09
Hold
Hold
Jefferies
2026-02-17
Hold
Hold
Truist Securities
2026-02-17
Hold
Buy
Citigroup
2026-02-13
Buy
Buy
RBC Capital
2026-02-12
Outperform
Outperform
UBS
2026-02-12
Neutral
Neutral
BMO Capital
2026-02-12
Outperform
Outperform
Citizens
2026-02-12
Market Outperform
Market Outperform
Cantor Fitzgerald
2026-02-12
Neutral
Neutral
Past News Coverage
Recent headlines mentioning SHOP from our newsroom.
Newest → oldest
No matching news yet.