Spotify Technology S.A. (SPOT) PE Ratio: 40.08
Is Spotify Technology S.A.’s P/E ratio high or low?
Spotify Technology S.A.'s P/E ratio of 40.08 is 64% below its 2-year average of 111.67, near the low end of its 2-year range (33.28–180.13).
As of Thursday, June 11, 2026. 60.00% below its 12-month average of 100.19.
PE Ratio (40.08) = Close Price ($503.10) / Diluted TTM EPS ($12.55)
SPOT PE Ratio Chart
SPOT Average PE Ratio Chart
SPOT Current vs Average PE Ratio Chart
SPOT PE Ratio Metrics
PE RATIO
40.08
PE RATIO AVG TTM
100.19
PE RATIO AVG 3Y
111.67
PE RATIO AVG 5Y
111.67
PE RATIO AVG 10Y
111.67
PE RATIO AVG 15Y
111.67
PE RATIO AVG 20Y
111.67
CURRENT VS TTM AVG
-60.00%
CURRENT VS 3Y AVG
-64.11%
CURRENT VS 5Y AVG
-64.11%
CURRENT VS 10Y AVG
-64.11%
CURRENT VS 15Y AVG
-64.11%
CURRENT VS 20Y AVG
-64.11%
SPOT Competitors' PE Ratio
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $100.54B | 40.08 | 100.19 | 111.67 | 111.67 |
| Comcast Corporation (CMCSA) | $85.68B | 4.73 | 5.60 | 11.28 | 15.18 |
| Electronic Arts Inc. (EA) | $50.92B | 57.89 | 57.05 | 43.25 | 44.51 |
| AT&T Inc. (T) | $161.27B | 7.81 | 11.55 | 12.91 | 23.72 |
| Reddit, Inc. (RDDT) | $32.03B | 47.42 | 127.15 | 131.79 | 131.79 |
| The Walt Disney Company (DIS) | $171.33B | 15.75 | 17.65 | 44.38 | 67.72 |
| Charter Communications, Inc. (CHTR) | $19.40B | 3.72 | 6.68 | 9.75 | 14.44 |
| Roku, Inc. (ROKU) | $17.29B | 87.92 | 147.03 | 147.03 | 170.29 |
| Pinterest, Inc. (PINS) | $13.94B | 45.72 | 18.81 | 60.66 | 94.57 |
| The Trade Desk, Inc. (TTD) | $8.75B | 21.67 | 50.17 | 174.68 | 237.88 |
P/E vs. its own history
At 40.1, P/E is at an extreme level (the multiple carries little signal here), sitting higher than 5% of its 2-year history.
2-year low
33.3
median
115.1
2-year high
180.1
P/E Comparison
Trailing P/E
40.1
Forward P/E
31.9
Forward P/E Calculation
View All Analyst EstimatesForward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$503.10
Forward EPS (Est.)
$15.78
Forward P/E
31.88
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
Spotify Technology S.A. PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Spotify Technology S.A. PE Ratio FAQ
- What is the P/E ratio for Spotify Technology S.A. (SPOT)?
- The P/E ratio for SPOT stock is 40.08.
- Is Spotify Technology S.A.'s P/E ratio high or low?
- Spotify Technology S.A.'s P/E ratio of 40.08 is 64% below its 2-year average of 111.67, near the low end of its 2-year range (33.28–180.13).
- What is the TTM average P/E ratio for Spotify Technology S.A. (SPOT)?
- The TTM average P/E ratio for SPOT stock is 100.19.
- What is the 3Y average P/E ratio for Spotify Technology S.A. (SPOT)?
- The 3Y average P/E ratio for SPOT stock is 111.67.
- What is the 5Y average P/E ratio for Spotify Technology S.A. (SPOT)?
- The 5Y average P/E ratio for SPOT stock is 111.67.
- What is the 10Y average P/E ratio for Spotify Technology S.A. (SPOT)?
- The 10Y average P/E ratio for SPOT stock is 111.67.
- What is the 15Y average P/E ratio for Spotify Technology S.A. (SPOT)?
- The 15Y average P/E ratio for SPOT stock is 111.67.
- What is the 20Y average P/E ratio for Spotify Technology S.A. (SPOT)?
- The 20Y average P/E ratio for SPOT stock is 111.67.
Spotify Technology S.A. PE Ratio History
| DATE | PE RATIO |
|---|---|
| 2026-06-10 | 40.08 |
| 2026-06-09 | 39.53 |
| 2026-06-08 | 40.08 |
| 2026-06-05 | 39.59 |
| 2026-06-04 | 39.32 |
| 2026-06-03 | 38.84 |
| 2026-06-02 | 39.95 |
| 2026-06-01 | 40.45 |
| 2026-05-29 | 39.64 |
| 2026-05-28 | 41.16 |
| 2026-05-27 | 40.85 |
| 2026-05-26 | 42.20 |
| 2026-05-22 | 41.41 |
| 2026-05-21 | 39.03 |
| 2026-05-20 | 34.52 |
| 2026-05-19 | 35.18 |
| 2026-05-18 | 35.45 |
| 2026-05-15 | 34.81 |
| 2026-05-14 | 34.46 |
| 2026-05-13 | 34.32 |
| 2026-05-12 | 34.47 |
| 2026-05-11 | 33.42 |
| 2026-05-08 | 33.28 |
| 2026-05-07 | 34.05 |
| 2026-05-06 | 33.87 |
| 2026-05-05 | 33.42 |
| 2026-05-04 | 34.91 |
| 2026-05-01 | 35.17 |
| 2026-04-30 | 35.57 |
| 2026-04-29 | 35.33 |
| 2026-04-28 | 34.59 |
| 2026-04-27 | 51.28 |
| 2026-04-24 | 53.58 |
| 2026-04-23 | 53.36 |
| 2026-04-22 | 54.08 |
| 2026-04-21 | 54.04 |
| 2026-04-20 | 55.52 |
| 2026-04-17 | 55.50 |
| 2026-04-16 | 54.97 |
| 2026-04-15 | 54.94 |
| 2026-04-14 | 52.89 |
| 2026-04-13 | 52.14 |
| 2026-04-10 | 49.23 |
| 2026-04-09 | 50.33 |
| 2026-04-08 | 49.98 |
| 2026-04-07 | 49.98 |
| 2026-04-06 | 50.11 |
| 2026-04-02 | 50.58 |
| 2026-04-01 | 48.61 |
| 2026-03-31 | 50.16 |
| 2026-03-30 | 49.13 |
| 2026-03-27 | 48.87 |
| 2026-03-26 | 49.46 |
| 2026-03-25 | 48.95 |
| 2026-03-24 | 50.15 |
| 2026-03-23 | 50.93 |
| 2026-03-20 | 49.08 |
| 2026-03-19 | 49.91 |
| 2026-03-18 | 53.45 |
| 2026-03-17 | 54.33 |
| 2026-03-16 | 54.20 |
| 2026-03-13 | 53.38 |
| 2026-03-12 | 52.71 |
| 2026-03-11 | 53.20 |
| 2026-03-10 | 54.85 |
| 2026-03-09 | 56.36 |
| 2026-03-06 | 58.46 |
| 2026-03-05 | 57.11 |
| 2026-03-04 | 55.24 |
| 2026-03-03 | 53.78 |
| 2026-03-02 | 52.47 |
| 2026-02-27 | 53.26 |
| 2026-02-26 | 51.27 |
| 2026-02-25 | 47.92 |
| 2026-02-24 | 48.16 |
| 2026-02-23 | 48.39 |
| 2026-02-20 | 50.74 |
| 2026-02-19 | 50.19 |
| 2026-02-18 | 49.40 |
| 2026-02-17 | 47.87 |
| 2026-02-13 | 47.41 |
| 2026-02-12 | 46.11 |
| 2026-02-11 | 50.39 |
| 2026-02-10 | 49.24 |
| 2026-02-09 | 65.49 |
| 2026-02-06 | 66.72 |
| 2026-02-05 | 65.16 |
| 2026-02-04 | 69.55 |
| 2026-02-03 | 74.83 |
| 2026-02-02 | 80.29 |
| 2026-01-30 | 78.99 |
| 2026-01-29 | 79.56 |
| 2026-01-28 | 80.31 |
| 2026-01-27 | 80.78 |
| 2026-01-26 | 80.93 |
| 2026-01-23 | 81.02 |
| 2026-01-22 | 78.72 |
| 2026-01-21 | 79.28 |
| 2026-01-20 | 80.73 |
| 2026-01-16 | 79.65 |
| 2026-01-15 | 80.21 |
| 2026-01-14 | 83.50 |
| 2026-01-13 | 84.41 |
| 2026-01-12 | 83.67 |
| 2026-01-09 | 85.15 |
| 2026-01-08 | 87.41 |
| 2026-01-07 | 89.93 |
| 2026-01-06 | 90.21 |
| 2026-01-05 | 93.68 |
| 2026-01-02 | 90.78 |
| 2025-12-31 | 91.68 |
| 2025-12-30 | 91.04 |
| 2025-12-29 | 91.75 |
| 2025-12-26 | 92.25 |
| 2025-12-24 | 92.60 |
| 2025-12-23 | 91.47 |
| 2025-12-22 | 91.38 |
| 2025-12-19 | 91.91 |
| 2025-12-18 | 89.01 |
| 2025-12-17 | 89.39 |
| 2025-12-16 | 91.42 |
| 2025-12-15 | 91.12 |
| 2025-12-12 | 94.38 |
| 2025-12-11 | 94.55 |
| 2025-12-10 | 96.21 |
| 2025-12-09 | 93.09 |
| 2025-12-08 | 90.36 |
| 2025-12-05 | 89.19 |
| 2025-12-04 | 88.56 |
| 2025-12-03 | 87.96 |
| 2025-12-02 | 91.06 |
| 2025-12-01 | 91.39 |
| 2025-11-28 | 94.55 |
| 2025-11-26 | 93.57 |
| 2025-11-25 | 92.43 |
| 2025-11-24 | 92.35 |
| 2025-11-21 | 92.14 |
| 2025-11-20 | 93.02 |
| 2025-11-19 | 97.65 |
| 2025-11-18 | 100.48 |
| 2025-11-17 | 101.14 |
| 2025-11-14 | 100.37 |
| 2025-11-13 | 101.88 |
| 2025-11-12 | 102.28 |
| 2025-11-11 | 100.97 |
| 2025-11-10 | 98.34 |
| 2025-11-07 | 97.39 |
| 2025-11-06 | 97.60 |
| 2025-11-05 | 97.88 |
| 2025-11-04 | 99.40 |
| 2025-11-03 | 157.09 |
| 2025-10-31 | 159.83 |
| 2025-10-30 | 160.16 |
| 2025-10-29 | 162.36 |
| 2025-10-28 | 159.37 |
| 2025-10-27 | 160.44 |
| 2025-10-24 | 157.50 |
| 2025-10-23 | 164.35 |
| 2025-10-22 | 164.78 |
| 2025-10-21 | 168.10 |
| 2025-10-20 | 164.76 |
| 2025-10-17 | 163.78 |
| 2025-10-16 | 162.06 |
| 2025-10-15 | 163.73 |
| 2025-10-14 | 166.71 |
| 2025-10-13 | 168.79 |
| 2025-10-10 | 167.14 |
| 2025-10-09 | 164.30 |
| 2025-10-08 | 164.57 |
| 2025-10-07 | 165.96 |
| 2025-10-06 | 165.92 |
| 2025-10-03 | 165.97 |
| 2025-10-02 | 172.51 |
| 2025-10-01 | 170.89 |
| 2025-09-30 | 170.24 |
| 2025-09-29 | 177.67 |
| 2025-09-26 | 174.76 |
| 2025-09-25 | 173.81 |
| 2025-09-24 | 172.84 |
| 2025-09-23 | 175.35 |
| 2025-09-22 | 180.13 |
| 2025-09-19 | 179.25 |
| 2025-09-18 | 179.05 |
| 2025-09-17 | 172.48 |
| 2025-09-16 | 171.72 |
| 2025-09-15 | 171.48 |
| 2025-09-12 | 169.85 |
| 2025-09-11 | 168.37 |
| 2025-09-10 | 171.73 |
| 2025-09-09 | 175.40 |
| 2025-09-08 | 175.19 |
| 2025-09-05 | 172.48 |
| 2025-09-04 | 171.67 |
| 2025-09-03 | 170.08 |
| 2025-09-02 | 168.20 |
| 2025-08-29 | 166.31 |
| 2025-08-28 | 167.75 |
| 2025-08-27 | 169.02 |
| 2025-08-26 | 169.87 |
| 2025-08-25 | 169.46 |
| 2025-08-22 | 169.02 |
| 2025-08-21 | 168.16 |
| 2025-08-20 | 171.65 |
| 2025-08-19 | 175.45 |
| 2025-08-18 | 177.57 |
| 2025-08-15 | 178.73 |
| 2025-08-14 | 170.36 |
| 2025-08-13 | 169.51 |
| 2025-08-12 | 168.13 |
| 2025-08-11 | 168.10 |
| 2025-08-08 | 172.17 |
| 2025-08-07 | 167.49 |
| 2025-08-06 | 162.63 |
| 2025-08-05 | 157.80 |
| 2025-08-04 | 160.63 |
| 2025-08-01 | 152.96 |
| 2025-07-31 | 152.81 |
| 2025-07-30 | 158.65 |
| 2025-07-29 | 151.22 |
| 2025-07-28 | 116.45 |
| 2025-07-25 | 115.14 |
| 2025-07-24 | 113.20 |
| 2025-07-23 | 112.04 |
| 2025-07-22 | 112.26 |
| 2025-07-21 | 117.43 |
| 2025-07-18 | 115.53 |
| 2025-07-17 | 119.76 |
| 2025-07-16 | 117.21 |
| 2025-07-15 | 118.02 |
| 2025-07-14 | 119.19 |
| 2025-07-11 | 117.81 |
| 2025-07-10 | 117.94 |
| 2025-07-09 | 119.96 |
| 2025-07-08 | 119.84 |
| 2025-07-07 | 122.31 |
| 2025-07-03 | 120.45 |
| 2025-07-02 | 117.86 |
| 2025-07-01 | 120.00 |
| 2025-06-30 | 127.47 |
| 2025-06-27 | 128.35 |
| 2025-06-26 | 128.89 |
| 2025-06-25 | 122.32 |
| 2025-06-24 | 124.58 |
| 2025-06-23 | 121.46 |
| 2025-06-20 | 117.52 |
| 2025-06-18 | 117.98 |
| 2025-06-17 | 119.82 |
| 2025-06-16 | 118.87 |
| 2025-06-13 | 118.09 |
| 2025-06-12 | 116.75 |
| 2025-06-11 | 117.80 |
| 2025-06-10 | 115.18 |
| 2025-06-09 | 116.14 |
| 2025-06-06 | 118.32 |
| 2025-06-05 | 118.42 |
| 2025-06-04 | 116.47 |
| 2025-06-03 | 111.48 |
| 2025-06-02 | 111.63 |
| 2025-05-30 | 110.49 |
| 2025-05-29 | 105.77 |
Showing the most recent 260 of 473 data points. The chart above shows the full history.
Related Metrics
About Spotify Technology S.A.
Spotify Technology S.A., through its various entities, functions as a global provider of audio streaming services. Its operational model is split into two distinct segments: Premium and Ad-Supported. The Premium segment caters to subscribers by granting them uninterrupted, ad-free access to its extensive catalog of music and podcasts, available for both online and offline consumption. Conversely, the Ad-Supported segment delivers online, on-demand music streaming and unlimited podcast access to users, facilitated by advertisements and available across computers, tablets, and various mobile devices. Beyond its core streaming offerings, Spotify also manages functions like sales, marketing, outsourced research and development, and comprehensive customer support. By the end of 2021 (December 31), the platform had amassed a significant global user base, comprising 406 million monthly active users and 180 million premium subscribers spanning 184 nations and regions. Incorporated in 2006, the firm's corporate headquarters are situated in Luxembourg, Luxembourg.
- Sector
- Communication Services
- Industry
- Internet Content & Information
- CEO
- Alex Norström