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Shopify Inc. (SHOP) PB Ratio: 11.47

popular:market cap|pe ratio|revenue|price history|total return

Is Shopify Inc.’s P/B ratio high or low?

Shopify Inc.'s P/B ratio of 11.47 is in line with its 5-year average of 11.25, around the middle of its 5-year range (3.72–20.90).

The P/B ratio for Shopify Inc. (SHOP) is 11.47. It is below its 12-month average by 19.90% (14.32).

P/E Ratio|ROE|Debt to Equity|All Metrics

SHOP PB Ratio Chart

SHOP PB Ratio
11.47-9.26% 1Y
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SHOP Average PB Ratio Chart

SHOP Current vs Average PB Ratio Chart

SHOP PB Ratio Metrics

PB RATIO

11.47

PB RATIO AVG TTM

14.32

PB RATIO AVG 3Y

12.24

PB RATIO AVG 5Y

11.25

PB RATIO AVG 10Y

13.44

PB RATIO AVG 15Y

13.19

PB RATIO AVG 20Y

13.19

CURRENT VS TTM AVG

-19.90%

CURRENT VS 3Y AVG

-6.31%

CURRENT VS 5Y AVG

+1.93%

CURRENT VS 10Y AVG

-14.63%

CURRENT VS 15Y AVG

-13.03%

CURRENT VS 20Y AVG

-13.03%

SHOP Competitors' PB Ratio

NAMEMARKET CAPPB RATIOTTM3Y5Y
Shopify Inc. (SHOP)—11.4714.3212.2411.25
Uber Technologies, Inc. (UBER)$143.27B5.897.2210.128.87
Salesforce, Inc. (CRM)$141.00B4.383.694.203.97
CrowdStrike Holdings, Inc. (CRWD)$164.18B35.8930.7629.7134.20
Western Digital Corporation (WDC)$167.87B19.0811.284.753.25
ServiceNow, Inc. (NOW)$110.32B9.4814.0017.9921.50
Palo Alto Networks, Inc. (PANW)$177.55B7.0116.1828.3979.42
Accenture plc (ACN)$106.76B3.464.896.797.85
Cadence Design Systems, Inc. (CDNS)$105.80B16.0116.8919.2218.47
Seagate Technology Holdings plc (STX)$182.47B170.02201.87201.8785.44

P/B vs. its own history

At 11.47, P/B is in its normal range — richer than 47% of its 11-year range.

11-year low

3.72

median

11.80

11-year high

35.43

cheaperricher

Book Value Analysis

P/B Ratio

11.47

Market Price / Book Value per Share

Shopify Inc. PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Shopify Inc. PB Ratio FAQ

What is the P/B ratio for Shopify Inc. (SHOP)?
The P/B ratio for SHOP stock is 11.47.
Is Shopify Inc.'s P/B ratio high or low?
Shopify Inc.'s P/B ratio of 11.47 is in line with its 5-year average of 11.25, around the middle of its 5-year range (3.72–20.90).
What is the TTM average P/B ratio for Shopify Inc. (SHOP)?
The TTM average P/B ratio for SHOP stock is 14.32.
What is the 3Y average P/B ratio for Shopify Inc. (SHOP)?
The 3Y average P/B ratio for SHOP stock is 12.24.
What is the 5Y average P/B ratio for Shopify Inc. (SHOP)?
The 5Y average P/B ratio for SHOP stock is 11.25.
What is the 10Y average P/B ratio for Shopify Inc. (SHOP)?
The 10Y average P/B ratio for SHOP stock is 13.44.
What is the 15Y average P/B ratio for Shopify Inc. (SHOP)?
The 15Y average P/B ratio for SHOP stock is 13.19.
What is the 20Y average P/B ratio for Shopify Inc. (SHOP)?
The 20Y average P/B ratio for SHOP stock is 13.19.

Shopify Inc. PB Ratio History

DATEPB RATIO
2026-06-0911.47
2026-06-0811.51
2026-06-0511.38
2026-06-0412.06
2026-06-0311.74
2026-06-0212.16
2026-06-0112.90
2026-05-2912.34
2026-05-2811.95
2026-05-2711.08
2026-05-2610.90
2026-05-2210.70
2026-05-2110.90
2026-05-2010.91
2026-05-1910.50
2026-05-1810.64
2026-05-1510.42
2026-05-1410.12
2026-05-139.91
2026-05-1210.38
2026-05-1110.66
2026-05-0811.47
2026-05-0711.61
2026-05-0610.96
2026-05-0511.18
2026-05-0412.35
2026-05-0112.37
2026-04-3011.73
2026-04-2911.74
2026-04-2811.82
2026-04-2712.03
2026-04-2412.19
2026-04-2312.03
2026-04-2212.78
2026-04-2112.70
2026-04-2013.09
2026-04-1712.70
2026-04-1612.30
2026-04-1512.34
2026-04-1411.39
2026-04-1311.14
2026-04-1010.73
2026-04-0910.88
2026-04-0811.63
2026-04-0711.34
2026-04-0611.51
2026-04-0211.45
2026-04-0111.48
2026-03-3111.49
2026-03-3010.83
2026-03-2710.83
2026-03-2611.18
2026-03-2511.47
2026-03-2411.25
2026-03-2311.73
2026-03-2011.31
2026-03-1911.85
2026-03-1811.99
2026-03-1712.38
2026-03-1612.26
2026-03-1311.91
2026-03-1212.22
2026-03-1112.54
2026-03-1012.53
2026-03-0912.93
2026-03-0612.61
2026-03-0513.06
2026-03-0412.56
2026-03-0311.80
2026-03-0211.56
2026-02-2711.69
2026-02-2612.20
2026-02-2511.65
2026-02-2411.33
2026-02-2311.36
2026-02-2012.22
2026-02-1911.99
2026-02-1811.78
2026-02-1711.00
2026-02-1310.92
2026-02-1210.72
2026-02-1111.50
2026-02-1013.37
2026-02-0912.44
2026-02-0611.77
2026-02-0511.68
2026-02-0411.98
2026-02-0312.53
2026-02-0213.89
2026-01-3013.78
2026-01-2915.09
2026-01-2814.59
2026-01-2714.44
2026-01-2614.32
2026-01-2314.48
2026-01-2214.46
2026-01-2114.55
2026-01-2015.18
2026-01-1616.37
2026-01-1516.60
2026-01-1416.54
2026-01-1317.59
2026-01-1217.64
2026-01-0917.28
2026-01-0817.68
2026-01-0717.51
2026-01-0617.69
2026-01-0517.46
2026-01-0216.51
2025-12-3116.91
2025-12-3017.20
2025-12-2917.63
2025-12-2617.94
2025-12-2417.80
2025-12-2317.81
2025-12-2217.82
2025-12-1917.81
2025-12-1817.52
2025-12-1716.99
2025-12-1617.14
2025-12-1516.79
2025-12-1217.25
2025-12-1117.31
2025-12-1017.69
2025-12-0916.79
2025-12-0816.64
2025-12-0516.92
2025-12-0417.05
2025-12-0316.81
2025-12-0216.47
2025-12-0115.68
2025-11-2816.66
2025-11-2616.74
2025-11-2516.53
2025-11-2416.31
2025-11-2115.52
2025-11-2015.18
2025-11-1915.34
2025-11-1814.75
2025-11-1714.70
2025-11-1415.34
2025-11-1315.37
2025-11-1216.45
2025-11-1116.70
2025-11-1016.69
2025-11-0716.01
2025-11-0616.39
2025-11-0517.11
2025-11-0416.91
2025-11-0318.63
2025-10-3118.73
2025-10-3018.70
2025-10-2919.28
2025-10-2819.28
2025-10-2718.86
2025-10-2418.63
2025-10-2317.99
2025-10-2217.45
2025-10-2117.52
2025-10-2017.74
2025-10-1717.00
2025-10-1616.87
2025-10-1516.83
2025-10-1416.47
2025-10-1316.55
2025-10-1016.27
2025-10-0917.65
2025-10-0817.93
2025-10-0717.37
2025-10-0617.72
2025-10-0317.36
2025-10-0216.30
2025-10-0116.11
2025-09-3016.01
2025-09-2916.05
2025-09-2615.11
2025-09-2515.45
2025-09-2416.03
2025-09-2316.15
2025-09-2216.93
2025-09-1916.51
2025-09-1816.39
2025-09-1715.93
2025-09-1615.86
2025-09-1515.93
2025-09-1215.45
2025-09-1115.62
2025-09-1015.32
2025-09-0915.45
2025-09-0815.75
2025-09-0515.82
2025-09-0415.64
2025-09-0315.11
2025-09-0214.98
2025-08-2915.22
2025-08-2815.25
2025-08-2715.07
2025-08-2615.17
2025-08-2515.14
2025-08-2215.31
2025-08-2114.72
2025-08-2014.79
2025-08-1915.00
2025-08-1815.42
2025-08-1515.24
2025-08-1415.54
2025-08-1316.17
2025-08-1216.08
2025-08-1115.89
2025-08-0816.12
2025-08-0716.27
2025-08-0616.69
2025-08-0514.89
2025-08-0414.68
2025-08-0113.90
2025-07-3114.33
2025-07-3014.42
2025-07-2914.63
2025-07-2814.87
2025-07-2514.59
2025-07-2414.31
2025-07-2314.33
2025-07-2214.50
2025-07-2115.05
2025-07-1814.89
2025-07-1714.86
2025-07-1614.07
2025-07-1513.49
2025-07-1413.68
2025-07-1113.14
2025-07-1013.50
2025-07-0913.40
2025-07-0813.18
2025-07-0713.67
2025-07-0313.66
2025-07-0213.45
2025-07-0113.21
2025-06-3013.52
2025-06-2713.32
2025-06-2613.25
2025-06-2513.35
2025-06-2413.41
2025-06-2312.89
2025-06-2012.47
2025-06-1812.42
2025-06-1712.49
2025-06-1612.70
2025-06-1312.35
2025-06-1212.80
2025-06-1113.38
2025-06-1012.92
2025-06-0912.64
2025-06-0613.06
2025-06-0512.31
2025-06-0412.14
2025-06-0312.32
2025-06-0212.49
2025-05-3012.57
2025-05-2912.62
2025-05-2812.56

Showing the most recent 260 of 2,731 data points. The chart above shows the full history.

Related Metrics

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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.

Ottawa, ON
8,100 employees
www.shopify.com
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
Tobias Lutke
View full financials