Shopify Inc. (SHOP) EV/FCF Ratio: 65.49x
Is Shopify Inc.’s EV/FCF ratio high or low?
Shopify Inc.'s EV/FCF ratio of 65.49x is 68% below its 5-year average of 203.95x, near the low end of its 5-year range (57.65x–916.93x).
The EV/FCF ratio for Shopify Inc. (SHOP) is 65.49x as of Wednesday, June 10, 2026. It is below its 12-month average by 29.55% (92.96x).
SHOP EV/FCF Ratio Chart
SHOP Average EV/FCF Ratio Chart
SHOP Current vs Average EV/FCF Ratio Chart
SHOP EV/FCF Ratio Metrics
EV/FCF RATIO
65.49x
EV/FCF RATIO AVG TTM
92.96x
EV/FCF RATIO AVG 3Y
144.75x
EV/FCF RATIO AVG 5Y
203.95x
EV/FCF RATIO AVG 10Y
792.59x
EV/FCF RATIO AVG 15Y
792.59x
EV/FCF RATIO AVG 20Y
792.59x
CURRENT VS TTM AVG
-29.55%
CURRENT VS 3Y AVG
-54.76%
CURRENT VS 5Y AVG
-67.89%
CURRENT VS 10Y AVG
-91.74%
CURRENT VS 15Y AVG
-91.74%
CURRENT VS 20Y AVG
-91.74%
SHOP Competitors' EV/FCF Ratio
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | — | 65.49x | 92.96x | 144.75x | 203.95x |
| Salesforce, Inc. (CRM) | $141.00B | 12.48x | 17.02x | 23.60x | 28.87x |
| Uber Technologies, Inc. (UBER) | $139.66B | 15.20x | 21.00x | 36.43x | 56.18x |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | 112.46x | 105.23x | 82.80x | 87.52x |
| Western Digital Corporation (WDC) | $167.87B | 63.48x | 41.68x | 41.77x | 40.98x |
| ServiceNow, Inc. (NOW) | $109.38B | 23.75x | 38.96x | 50.65x | 53.68x |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 74.63x | 59.10x | 64.88x | 57.08x |
| Accenture plc (ACN) | $104.93B | 8.41x | 13.52x | 19.92x | 21.54x |
| Fortinet, Inc. (FTNT) | $101.91B | 41.72x | 31.54x | 31.84x | 35.01x |
| Palo Alto Networks, Inc. (PANW) | $179.39B | 45.54x | 36.62x | 37.66x | 35.04x |
Cash Flow Valuation Comparison
EV/FCF
65.5x
P/FCF
66.3x
FCF Yield
1.51%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
- EV/FCF accounts for debt and cash through enterprise value
- P/FCF only considers equity value
- EV/FCF can be compared across companies with different debt levels
- Both measure how the market values cash generation
Shopify Inc. EV/FCF Ratio Formula & Definition
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. EV/FCF Ratio FAQ
- What is the EV/FCF ratio for Shopify Inc. (SHOP)?
- The EV/FCF ratio for SHOP stock is 65.49x.
- Is Shopify Inc.'s EV/FCF ratio high or low?
- Shopify Inc.'s EV/FCF ratio of 65.49x is 68% below its 5-year average of 203.95x, near the low end of its 5-year range (57.65x–916.93x).
- What is the TTM average EV/FCF ratio for Shopify Inc. (SHOP)?
- The TTM average EV/FCF ratio for SHOP stock is 92.96x.
- What is the 3Y average EV/FCF ratio for Shopify Inc. (SHOP)?
- The 3Y average EV/FCF ratio for SHOP stock is 144.75x.
- What is the 5Y average EV/FCF ratio for Shopify Inc. (SHOP)?
- The 5Y average EV/FCF ratio for SHOP stock is 203.95x.
- What is the 10Y average EV/FCF ratio for Shopify Inc. (SHOP)?
- The 10Y average EV/FCF ratio for SHOP stock is 792.59x.
- What is the 15Y average EV/FCF ratio for Shopify Inc. (SHOP)?
- The 15Y average EV/FCF ratio for SHOP stock is 792.59x.
- What is the 20Y average EV/FCF ratio for Shopify Inc. (SHOP)?
- The 20Y average EV/FCF ratio for SHOP stock is 792.59x.
Shopify Inc. EV/FCF Ratio History
| DATE | EV/FCF RATIO |
|---|---|
| 2026-06-10 | 65.49x |
| 2026-06-09 | 66.85x |
| 2026-06-08 | 67.07x |
| 2026-06-05 | 66.31x |
| 2026-06-04 | 70.29x |
| 2026-06-03 | 68.39x |
| 2026-06-02 | 70.88x |
| 2026-06-01 | 75.24x |
| 2026-05-29 | 71.92x |
| 2026-05-28 | 69.67x |
| 2026-05-27 | 64.51x |
| 2026-05-26 | 63.46x |
| 2026-05-22 | 62.30x |
| 2026-05-21 | 63.44x |
| 2026-05-20 | 63.53x |
| 2026-05-19 | 61.08x |
| 2026-05-18 | 61.93x |
| 2026-05-15 | 60.63x |
| 2026-05-14 | 58.88x |
| 2026-05-13 | 57.65x |
| 2026-05-12 | 60.36x |
| 2026-05-11 | 62.02x |
| 2026-05-08 | 66.84x |
| 2026-05-07 | 67.65x |
| 2026-05-06 | 63.79x |
| 2026-05-05 | 65.14x |
| 2026-05-04 | 81.94x |
| 2026-05-01 | 82.02x |
| 2026-04-30 | 77.78x |
| 2026-04-29 | 77.86x |
| 2026-04-28 | 78.38x |
| 2026-04-27 | 79.79x |
| 2026-04-24 | 80.82x |
| 2026-04-23 | 79.79x |
| 2026-04-22 | 84.79x |
| 2026-04-21 | 84.26x |
| 2026-04-20 | 86.85x |
| 2026-04-17 | 84.27x |
| 2026-04-16 | 81.54x |
| 2026-04-15 | 81.85x |
| 2026-04-14 | 75.52x |
| 2026-04-13 | 73.79x |
| 2026-04-10 | 71.08x |
| 2026-04-09 | 72.11x |
| 2026-04-08 | 77.11x |
| 2026-04-07 | 75.14x |
| 2026-04-06 | 76.27x |
| 2026-04-02 | 75.92x |
| 2026-04-01 | 76.09x |
| 2026-03-31 | 76.15x |
| 2026-03-30 | 71.72x |
| 2026-03-27 | 71.77x |
| 2026-03-26 | 74.09x |
| 2026-03-25 | 76.03x |
| 2026-03-24 | 74.56x |
| 2026-03-23 | 77.76x |
| 2026-03-20 | 74.96x |
| 2026-03-19 | 78.58x |
| 2026-03-18 | 79.48x |
| 2026-03-17 | 82.10x |
| 2026-03-16 | 81.31x |
| 2026-03-13 | 78.97x |
| 2026-03-12 | 81.04x |
| 2026-03-11 | 83.21x |
| 2026-03-10 | 83.11x |
| 2026-03-09 | 85.79x |
| 2026-03-06 | 83.65x |
| 2026-03-05 | 86.63x |
| 2026-03-04 | 83.30x |
| 2026-03-03 | 78.26x |
| 2026-03-02 | 76.65x |
| 2026-02-27 | 77.52x |
| 2026-02-26 | 80.90x |
| 2026-02-25 | 77.25x |
| 2026-02-24 | 75.06x |
| 2026-02-23 | 75.29x |
| 2026-02-20 | 81.06x |
| 2026-02-19 | 79.51x |
| 2026-02-18 | 78.11x |
| 2026-02-17 | 72.86x |
| 2026-02-13 | 72.32x |
| 2026-02-12 | 71.00x |
| 2026-02-11 | 76.21x |
| 2026-02-10 | 86.74x |
| 2026-02-09 | 80.67x |
| 2026-02-06 | 76.30x |
| 2026-02-05 | 75.75x |
| 2026-02-04 | 77.66x |
| 2026-02-03 | 81.28x |
| 2026-02-02 | 90.15x |
| 2026-01-30 | 89.48x |
| 2026-01-29 | 98.01x |
| 2026-01-28 | 94.76x |
| 2026-01-27 | 93.79x |
| 2026-01-26 | 92.97x |
| 2026-01-23 | 94.06x |
| 2026-01-22 | 93.88x |
| 2026-01-21 | 94.50x |
| 2026-01-20 | 98.60x |
| 2026-01-16 | 106.37x |
| 2026-01-15 | 107.86x |
| 2026-01-14 | 107.53x |
| 2026-01-13 | 114.36x |
| 2026-01-12 | 114.69x |
| 2026-01-09 | 112.32x |
| 2026-01-08 | 114.93x |
| 2026-01-07 | 113.88x |
| 2026-01-06 | 115.05x |
| 2026-01-05 | 113.51x |
| 2026-01-02 | 107.32x |
| 2025-12-31 | 109.91x |
| 2025-12-30 | 111.82x |
| 2025-12-29 | 114.66x |
| 2025-12-26 | 116.69x |
| 2025-12-24 | 115.74x |
| 2025-12-23 | 115.79x |
| 2025-12-22 | 115.89x |
| 2025-12-19 | 115.82x |
| 2025-12-18 | 113.92x |
| 2025-12-17 | 110.43x |
| 2025-12-16 | 111.40x |
| 2025-12-15 | 109.14x |
| 2025-12-12 | 112.12x |
| 2025-12-11 | 112.51x |
| 2025-12-10 | 115.03x |
| 2025-12-09 | 109.17x |
| 2025-12-08 | 108.15x |
| 2025-12-05 | 109.99x |
| 2025-12-04 | 110.83x |
| 2025-12-03 | 109.25x |
| 2025-12-02 | 107.07x |
| 2025-12-01 | 101.88x |
| 2025-11-28 | 108.31x |
| 2025-11-26 | 108.79x |
| 2025-11-25 | 107.44x |
| 2025-11-24 | 106.02x |
| 2025-11-21 | 100.86x |
| 2025-11-20 | 98.64x |
| 2025-11-19 | 99.63x |
| 2025-11-18 | 95.81x |
| 2025-11-17 | 95.46x |
| 2025-11-14 | 99.65x |
| 2025-11-13 | 99.86x |
| 2025-11-12 | 106.90x |
| 2025-11-11 | 108.52x |
| 2025-11-10 | 108.48x |
| 2025-11-07 | 104.03x |
| 2025-11-06 | 106.53x |
| 2025-11-05 | 111.25x |
| 2025-11-04 | 109.89x |
| 2025-11-03 | 123.83x |
| 2025-10-31 | 124.48x |
| 2025-10-30 | 124.31x |
| 2025-10-29 | 128.18x |
| 2025-10-28 | 128.14x |
| 2025-10-27 | 125.35x |
| 2025-10-24 | 123.83x |
| 2025-10-23 | 119.59x |
| 2025-10-22 | 115.99x |
| 2025-10-21 | 116.44x |
| 2025-10-20 | 117.92x |
| 2025-10-17 | 112.94x |
| 2025-10-16 | 112.08x |
| 2025-10-15 | 111.82x |
| 2025-10-14 | 109.44x |
| 2025-10-13 | 110.00x |
| 2025-10-10 | 108.10x |
| 2025-10-09 | 117.32x |
| 2025-10-08 | 119.16x |
| 2025-10-07 | 115.46x |
| 2025-10-06 | 117.77x |
| 2025-10-03 | 115.36x |
| 2025-10-02 | 108.30x |
| 2025-10-01 | 107.06x |
| 2025-09-30 | 106.37x |
| 2025-09-29 | 106.65x |
| 2025-09-26 | 100.38x |
| 2025-09-25 | 102.67x |
| 2025-09-24 | 106.53x |
| 2025-09-23 | 107.33x |
| 2025-09-22 | 112.48x |
| 2025-09-19 | 109.74x |
| 2025-09-18 | 108.88x |
| 2025-09-17 | 105.84x |
| 2025-09-16 | 105.37x |
| 2025-09-15 | 105.86x |
| 2025-09-12 | 102.62x |
| 2025-09-11 | 103.81x |
| 2025-09-10 | 101.78x |
| 2025-09-09 | 102.67x |
| 2025-09-08 | 104.66x |
| 2025-09-05 | 105.09x |
| 2025-09-04 | 103.89x |
| 2025-09-03 | 100.36x |
| 2025-09-02 | 99.51x |
| 2025-08-29 | 101.12x |
| 2025-08-28 | 101.30x |
| 2025-08-27 | 100.12x |
| 2025-08-26 | 100.81x |
| 2025-08-25 | 100.58x |
| 2025-08-22 | 101.71x |
| 2025-08-21 | 97.82x |
| 2025-08-20 | 98.25x |
| 2025-08-19 | 99.66x |
| 2025-08-18 | 102.43x |
| 2025-08-15 | 101.25x |
| 2025-08-14 | 103.26x |
| 2025-08-13 | 107.44x |
| 2025-08-12 | 106.87x |
| 2025-08-11 | 105.58x |
| 2025-08-08 | 107.09x |
| 2025-08-07 | 108.14x |
| 2025-08-06 | 110.89x |
| 2025-08-05 | 95.11x |
| 2025-08-04 | 93.76x |
| 2025-08-01 | 88.81x |
| 2025-07-31 | 91.51x |
| 2025-07-30 | 92.11x |
| 2025-07-29 | 93.49x |
| 2025-07-28 | 94.99x |
| 2025-07-25 | 93.18x |
| 2025-07-24 | 91.42x |
| 2025-07-23 | 91.51x |
| 2025-07-22 | 92.64x |
| 2025-07-21 | 96.18x |
| 2025-07-18 | 95.16x |
| 2025-07-17 | 94.92x |
| 2025-07-16 | 89.86x |
| 2025-07-15 | 86.15x |
| 2025-07-14 | 87.41x |
| 2025-07-11 | 83.94x |
| 2025-07-10 | 86.23x |
| 2025-07-09 | 85.60x |
| 2025-07-08 | 84.22x |
| 2025-07-07 | 87.35x |
| 2025-07-03 | 87.25x |
| 2025-07-02 | 85.94x |
| 2025-07-01 | 84.36x |
| 2025-06-30 | 86.37x |
| 2025-06-27 | 85.10x |
| 2025-06-26 | 84.66x |
| 2025-06-25 | 85.28x |
| 2025-06-24 | 85.67x |
| 2025-06-23 | 82.35x |
| 2025-06-20 | 79.66x |
| 2025-06-18 | 79.34x |
| 2025-06-17 | 79.76x |
| 2025-06-16 | 81.14x |
| 2025-06-13 | 78.87x |
| 2025-06-12 | 81.77x |
| 2025-06-11 | 85.46x |
| 2025-06-10 | 82.56x |
| 2025-06-09 | 80.71x |
| 2025-06-06 | 83.42x |
| 2025-06-05 | 78.64x |
| 2025-06-04 | 77.55x |
| 2025-06-03 | 78.70x |
| 2025-06-02 | 79.77x |
| 2025-05-30 | 80.28x |
| 2025-05-29 | 80.64x |
Showing the most recent 260 of 1,507 data points. The chart above shows the full history.
Related Metrics
About Shopify Inc.
Shopify Inc. functions as a premier commerce technology company, providing an extensive platform and associated services to empower businesses worldwide. Its reach extends across Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific region, and Latin America. The company's robust platform equips merchants to effectively display, organize, market, and sell their merchandise through a multitude of sales avenues. These include digital storefronts accessible via web and mobile, traditional brick-and-mortar stores, temporary pop-up locations, integrated social media channels, proprietary mobile applications, embeddable "buy buttons," and established online marketplaces. Beyond sales, the platform streamlines crucial business operations such as product and inventory management, order and payment processing, fulfillment and shipping logistics, attracting new customers and fostering client relationships, product sourcing, analytical reporting, financial administration encompassing cash, payments, and transactions, and facilitating access to working capital. Additionally, Shopify offers supplementary services like the sale of custom website themes and applications, alongside domain name registration. Its merchant-focused solutions also cover payment acceptance, efficient shipping and order fulfillment, and aid in securing necessary operating funds. Founded in 2004 under the initial name Jaded Pixel Technologies Inc., the company officially rebranded to Shopify Inc. in November 2011. Its global headquarters are located in Ottawa, Canada.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Tobias Lutke