Shopify Inc. (SHOP) PS Ratio: 11.40
Is Shopify Inc.’s P/S ratio high or low?
Shopify Inc.'s P/S ratio of 11.40 is 36% below its 5-year average of 17.90, near the low end of its 5-year range (6.48–55.42).
The P/S ratio for Shopify Inc. (SHOP) is 11.40 as of Wednesday, June 10, 2026. It is below its 12-month average by 31.93% (16.75).
SHOP PS Ratio Chart
SHOP Average PS Ratio Chart
SHOP Current vs Average PS Ratio Chart
SHOP PS Ratio Metrics
PS RATIO
11.40
PS RATIO AVG TTM
16.75
PS RATIO AVG 3Y
14.82
PS RATIO AVG 5Y
17.90
PS RATIO AVG 10Y
22.90
PS RATIO AVG 15Y
21.88
PS RATIO AVG 20Y
21.88
CURRENT VS TTM AVG
-31.93%
CURRENT VS 3Y AVG
-23.06%
CURRENT VS 5Y AVG
-36.31%
CURRENT VS 10Y AVG
-50.22%
CURRENT VS 15Y AVG
-47.91%
CURRENT VS 20Y AVG
-47.91%
SHOP Competitors' PS Ratio
| NAME | MARKET CAP | PS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $140.41B | 11.40 | 16.75 | 14.82 | 17.90 |
| Salesforce, Inc. (CRM) | $141.00B | 3.50 | 5.45 | 6.75 | 7.09 |
| Uber Technologies, Inc. (UBER) | $139.66B | 2.65 | 3.65 | 3.59 | 3.66 |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | 32.79 | 26.93 | 23.81 | 26.40 |
| Western Digital Corporation (WDC) | $167.87B | 15.69 | 6.98 | 3.29 | 2.24 |
| ServiceNow, Inc. (NOW) | $109.38B | 7.90 | 12.60 | 15.64 | 16.27 |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 19.00 | 17.17 | 17.83 | 16.53 |
| Accenture plc (ACN) | $104.93B | 1.47 | 2.15 | 2.89 | 3.15 |
| Fortinet, Inc. (FTNT) | $101.91B | 14.53 | 10.50 | 10.68 | 11.95 |
| Palo Alto Networks, Inc. (PANW) | $179.39B | 18.46 | 14.52 | 14.55 | 12.85 |
P/S vs. its own history
At 11.40, P/S is cheaper than usual — richer than 20% of its 11-year range.
11-year low
6.48
median
16.85
11-year high
74.94
Sales Valuation
P/S Ratio
11.40
Market Cap / Annual Revenue
Shopify Inc. PS Ratio Formula & Definition
PS Ratio = Market Cap / Revenue (TTM)
The price-to-sales ratio compares market capitalization to trailing revenue. It is useful for valuing companies with little or no earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. PS Ratio FAQ
- What is the P/S ratio for Shopify Inc. (SHOP)?
- The P/S ratio for SHOP stock is 11.40.
- Is Shopify Inc.'s P/S ratio high or low?
- Shopify Inc.'s P/S ratio of 11.40 is 36% below its 5-year average of 17.90, near the low end of its 5-year range (6.48–55.42).
- What is the TTM average P/S ratio for Shopify Inc. (SHOP)?
- The TTM average P/S ratio for SHOP stock is 16.75.
- What is the 3Y average P/S ratio for Shopify Inc. (SHOP)?
- The 3Y average P/S ratio for SHOP stock is 14.82.
- What is the 5Y average P/S ratio for Shopify Inc. (SHOP)?
- The 5Y average P/S ratio for SHOP stock is 17.90.
- What is the 10Y average P/S ratio for Shopify Inc. (SHOP)?
- The 10Y average P/S ratio for SHOP stock is 22.90.
- What is the 15Y average P/S ratio for Shopify Inc. (SHOP)?
- The 15Y average P/S ratio for SHOP stock is 21.88.
- What is the 20Y average P/S ratio for Shopify Inc. (SHOP)?
- The 20Y average P/S ratio for SHOP stock is 21.88.
Shopify Inc. PS Ratio History
| DATE | PS RATIO |
|---|---|
| 2026-06-10 | 11.40 |
| 2026-06-09 | 11.64 |
| 2026-06-08 | 11.68 |
| 2026-06-05 | 11.55 |
| 2026-06-04 | 12.23 |
| 2026-06-03 | 11.90 |
| 2026-06-02 | 12.33 |
| 2026-06-01 | 13.08 |
| 2026-05-29 | 12.51 |
| 2026-05-28 | 12.12 |
| 2026-05-27 | 11.24 |
| 2026-05-26 | 11.06 |
| 2026-05-22 | 10.86 |
| 2026-05-21 | 11.05 |
| 2026-05-20 | 11.07 |
| 2026-05-19 | 10.65 |
| 2026-05-18 | 10.79 |
| 2026-05-15 | 10.57 |
| 2026-05-14 | 10.27 |
| 2026-05-13 | 10.06 |
| 2026-05-12 | 10.52 |
| 2026-05-11 | 10.81 |
| 2026-05-08 | 11.64 |
| 2026-05-07 | 11.78 |
| 2026-05-06 | 11.11 |
| 2026-05-05 | 11.34 |
| 2026-05-04 | 14.40 |
| 2026-05-01 | 14.42 |
| 2026-04-30 | 13.68 |
| 2026-04-29 | 13.69 |
| 2026-04-28 | 13.78 |
| 2026-04-27 | 14.03 |
| 2026-04-24 | 14.21 |
| 2026-04-23 | 14.03 |
| 2026-04-22 | 14.90 |
| 2026-04-21 | 14.81 |
| 2026-04-20 | 15.26 |
| 2026-04-17 | 14.81 |
| 2026-04-16 | 14.33 |
| 2026-04-15 | 14.39 |
| 2026-04-14 | 13.28 |
| 2026-04-13 | 12.98 |
| 2026-04-10 | 12.51 |
| 2026-04-09 | 12.69 |
| 2026-04-08 | 13.56 |
| 2026-04-07 | 13.22 |
| 2026-04-06 | 13.42 |
| 2026-04-02 | 13.35 |
| 2026-04-01 | 13.38 |
| 2026-03-31 | 13.40 |
| 2026-03-30 | 12.62 |
| 2026-03-27 | 12.63 |
| 2026-03-26 | 13.03 |
| 2026-03-25 | 13.37 |
| 2026-03-24 | 13.12 |
| 2026-03-23 | 13.68 |
| 2026-03-20 | 13.19 |
| 2026-03-19 | 13.82 |
| 2026-03-18 | 13.97 |
| 2026-03-17 | 14.43 |
| 2026-03-16 | 14.29 |
| 2026-03-13 | 13.89 |
| 2026-03-12 | 14.25 |
| 2026-03-11 | 14.63 |
| 2026-03-10 | 14.61 |
| 2026-03-09 | 15.08 |
| 2026-03-06 | 14.70 |
| 2026-03-05 | 15.22 |
| 2026-03-04 | 14.64 |
| 2026-03-03 | 13.76 |
| 2026-03-02 | 13.48 |
| 2026-02-27 | 13.63 |
| 2026-02-26 | 14.22 |
| 2026-02-25 | 13.59 |
| 2026-02-24 | 13.20 |
| 2026-02-23 | 13.24 |
| 2026-02-20 | 14.25 |
| 2026-02-19 | 13.98 |
| 2026-02-18 | 13.74 |
| 2026-02-17 | 12.82 |
| 2026-02-13 | 12.73 |
| 2026-02-12 | 12.50 |
| 2026-02-11 | 13.41 |
| 2026-02-10 | 15.62 |
| 2026-02-09 | 14.53 |
| 2026-02-06 | 13.75 |
| 2026-02-05 | 13.65 |
| 2026-02-04 | 14.00 |
| 2026-02-03 | 14.64 |
| 2026-02-02 | 16.23 |
| 2026-01-30 | 16.11 |
| 2026-01-29 | 17.63 |
| 2026-01-28 | 17.05 |
| 2026-01-27 | 16.88 |
| 2026-01-26 | 16.73 |
| 2026-01-23 | 16.93 |
| 2026-01-22 | 16.89 |
| 2026-01-21 | 17.00 |
| 2026-01-20 | 17.74 |
| 2026-01-16 | 19.12 |
| 2026-01-15 | 19.39 |
| 2026-01-14 | 19.33 |
| 2026-01-13 | 20.55 |
| 2026-01-12 | 20.61 |
| 2026-01-09 | 20.19 |
| 2026-01-08 | 20.66 |
| 2026-01-07 | 20.47 |
| 2026-01-06 | 20.68 |
| 2026-01-05 | 20.40 |
| 2026-01-02 | 19.30 |
| 2025-12-31 | 19.76 |
| 2025-12-30 | 20.10 |
| 2025-12-29 | 20.61 |
| 2025-12-26 | 20.97 |
| 2025-12-24 | 20.80 |
| 2025-12-23 | 20.81 |
| 2025-12-22 | 20.83 |
| 2025-12-19 | 20.81 |
| 2025-12-18 | 20.47 |
| 2025-12-17 | 19.85 |
| 2025-12-16 | 20.02 |
| 2025-12-15 | 19.62 |
| 2025-12-12 | 20.15 |
| 2025-12-11 | 20.22 |
| 2025-12-10 | 20.67 |
| 2025-12-09 | 19.63 |
| 2025-12-08 | 19.44 |
| 2025-12-05 | 19.77 |
| 2025-12-04 | 19.92 |
| 2025-12-03 | 19.64 |
| 2025-12-02 | 19.25 |
| 2025-12-01 | 18.32 |
| 2025-11-28 | 19.47 |
| 2025-11-26 | 19.56 |
| 2025-11-25 | 19.32 |
| 2025-11-24 | 19.06 |
| 2025-11-21 | 18.14 |
| 2025-11-20 | 17.74 |
| 2025-11-19 | 17.92 |
| 2025-11-18 | 17.24 |
| 2025-11-17 | 17.18 |
| 2025-11-14 | 17.93 |
| 2025-11-13 | 17.96 |
| 2025-11-12 | 19.22 |
| 2025-11-11 | 19.51 |
| 2025-11-10 | 19.50 |
| 2025-11-07 | 18.71 |
| 2025-11-06 | 19.15 |
| 2025-11-05 | 20.00 |
| 2025-11-04 | 19.75 |
| 2025-11-03 | 22.61 |
| 2025-10-31 | 22.73 |
| 2025-10-30 | 22.69 |
| 2025-10-29 | 23.40 |
| 2025-10-28 | 23.39 |
| 2025-10-27 | 22.88 |
| 2025-10-24 | 22.61 |
| 2025-10-23 | 21.83 |
| 2025-10-22 | 21.18 |
| 2025-10-21 | 21.26 |
| 2025-10-20 | 21.53 |
| 2025-10-17 | 20.62 |
| 2025-10-16 | 20.47 |
| 2025-10-15 | 20.42 |
| 2025-10-14 | 19.98 |
| 2025-10-13 | 20.09 |
| 2025-10-10 | 19.74 |
| 2025-10-09 | 21.42 |
| 2025-10-08 | 21.76 |
| 2025-10-07 | 21.08 |
| 2025-10-06 | 21.50 |
| 2025-10-03 | 21.06 |
| 2025-10-02 | 19.78 |
| 2025-10-01 | 19.55 |
| 2025-09-30 | 19.43 |
| 2025-09-29 | 19.48 |
| 2025-09-26 | 18.33 |
| 2025-09-25 | 18.75 |
| 2025-09-24 | 19.45 |
| 2025-09-23 | 19.60 |
| 2025-09-22 | 20.54 |
| 2025-09-19 | 20.04 |
| 2025-09-18 | 19.88 |
| 2025-09-17 | 19.33 |
| 2025-09-16 | 19.24 |
| 2025-09-15 | 19.33 |
| 2025-09-12 | 18.74 |
| 2025-09-11 | 18.96 |
| 2025-09-10 | 18.59 |
| 2025-09-09 | 18.75 |
| 2025-09-08 | 19.11 |
| 2025-09-05 | 19.19 |
| 2025-09-04 | 18.97 |
| 2025-09-03 | 18.33 |
| 2025-09-02 | 18.17 |
| 2025-08-29 | 18.47 |
| 2025-08-28 | 18.50 |
| 2025-08-27 | 18.29 |
| 2025-08-26 | 18.41 |
| 2025-08-25 | 18.37 |
| 2025-08-22 | 18.58 |
| 2025-08-21 | 17.87 |
| 2025-08-20 | 17.95 |
| 2025-08-19 | 18.20 |
| 2025-08-18 | 18.71 |
| 2025-08-15 | 18.49 |
| 2025-08-14 | 18.86 |
| 2025-08-13 | 19.62 |
| 2025-08-12 | 19.52 |
| 2025-08-11 | 19.28 |
| 2025-08-08 | 19.56 |
| 2025-08-07 | 19.75 |
| 2025-08-06 | 20.25 |
| 2025-08-05 | 17.54 |
| 2025-08-04 | 17.29 |
| 2025-08-01 | 16.38 |
| 2025-07-31 | 16.88 |
| 2025-07-30 | 16.99 |
| 2025-07-29 | 17.24 |
| 2025-07-28 | 17.52 |
| 2025-07-25 | 17.19 |
| 2025-07-24 | 16.86 |
| 2025-07-23 | 16.88 |
| 2025-07-22 | 17.09 |
| 2025-07-21 | 17.74 |
| 2025-07-18 | 17.55 |
| 2025-07-17 | 17.51 |
| 2025-07-16 | 16.57 |
| 2025-07-15 | 15.89 |
| 2025-07-14 | 16.12 |
| 2025-07-11 | 15.48 |
| 2025-07-10 | 15.91 |
| 2025-07-09 | 15.79 |
| 2025-07-08 | 15.54 |
| 2025-07-07 | 16.11 |
| 2025-07-03 | 16.09 |
| 2025-07-02 | 15.85 |
| 2025-07-01 | 15.56 |
| 2025-06-30 | 15.93 |
| 2025-06-27 | 15.70 |
| 2025-06-26 | 15.62 |
| 2025-06-25 | 15.73 |
| 2025-06-24 | 15.80 |
| 2025-06-23 | 15.19 |
| 2025-06-20 | 14.70 |
| 2025-06-18 | 14.64 |
| 2025-06-17 | 14.71 |
| 2025-06-16 | 14.97 |
| 2025-06-13 | 14.55 |
| 2025-06-12 | 15.08 |
| 2025-06-11 | 15.76 |
| 2025-06-10 | 15.23 |
| 2025-06-09 | 14.89 |
| 2025-06-06 | 15.39 |
| 2025-06-05 | 14.51 |
| 2025-06-04 | 14.31 |
| 2025-06-03 | 14.52 |
| 2025-06-02 | 14.71 |
| 2025-05-30 | 14.81 |
| 2025-05-29 | 14.87 |
Showing the most recent 260 of 2,781 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