Shopify Inc. (SHOP) EV/EBITDA Ratio: 240.67x
Is Shopify Inc.’s EV/EBITDA ratio high or low?
Shopify Inc.'s EV/EBITDA ratio of 240.67x is 139% above its 5-year average of 100.73x, near the high end of its 5-year range (15.91x–276.51x).
As of Thursday, June 11, 2026. 83.95% above its 12-month average of 130.83x.
SHOP EV/EBITDA Ratio Chart
SHOP Average EV/EBITDA Ratio Chart
SHOP Current vs Average EV/EBITDA Ratio Chart
SHOP EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
240.67x
EV/EBITDA RATIO AVG TTM
130.83x
EV/EBITDA RATIO AVG 3Y
111.10x
EV/EBITDA RATIO AVG 5Y
100.73x
EV/EBITDA RATIO AVG 10Y
171.31x
EV/EBITDA RATIO AVG 15Y
171.31x
EV/EBITDA RATIO AVG 20Y
171.31x
CURRENT VS TTM AVG
+83.95%
CURRENT VS 3Y AVG
+116.62%
CURRENT VS 5Y AVG
+138.91%
CURRENT VS 10Y AVG
+40.49%
CURRENT VS 15Y AVG
+40.49%
CURRENT VS 20Y AVG
+40.49%
SHOP Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shopify Inc. (SHOP) | $138.79B | 240.67x | 130.83x | 111.10x | 100.73x |
| Uber Technologies, Inc. (UBER) | $138.87B | 24.37x | 25.06x | 39.37x | 49.66x |
| Salesforce, Inc. (CRM) | $134.52B | 14.18x | 18.66x | 24.43x | 34.72x |
| Western Digital Corporation (WDC) | $168.93B | 34.51x | 23.06x | 21.93x | 13.99x |
| ServiceNow, Inc. (NOW) | $106.09B | 34.09x | 56.46x | 84.27x | 113.30x |
| Cadence Design Systems, Inc. (CDNS) | $106.06B | 56.26x | 49.42x | 51.12x | 48.50x |
| Fortinet, Inc. (FTNT) | $105.81B | 40.23x | 27.35x | 32.24x | 44.23x |
| Accenture plc (ACN) | $103.23B | 8.66x | 12.32x | 16.86x | 18.05x |
| CrowdStrike Holdings, Inc. (CRWD) | $174.56B | 487.92x | 1387.23x | 1329.96x | 1416.17x |
| Seagate Technology Holdings plc (STX) | $182.97B | 57.35x | 31.23x | 66.66x | 44.62x |
EV/EBITDA vs. its own history
At 240.7, EV/EBITDA is at an extreme level (the multiple carries little signal here), sitting higher than 85% of its 6-year history.
6-year low
15.9
median
100.6
6-year high
1091.8
Shopify Inc. EV/EBITDA Ratio Formula & Definition
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Shopify Inc. EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The EV/EBITDA ratio for SHOP stock is 240.67x.
- Is Shopify Inc.'s EV/EBITDA ratio high or low?
- Shopify Inc.'s EV/EBITDA ratio of 240.67x is 139% above its 5-year average of 100.73x, near the high end of its 5-year range (15.91x–276.51x).
- What is the TTM average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The TTM average EV/EBITDA ratio for SHOP stock is 130.83x.
- What is the 3Y average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The 3Y average EV/EBITDA ratio for SHOP stock is 111.10x.
- What is the 5Y average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The 5Y average EV/EBITDA ratio for SHOP stock is 100.73x.
- What is the 10Y average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The 10Y average EV/EBITDA ratio for SHOP stock is 171.31x.
- What is the 15Y average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The 15Y average EV/EBITDA ratio for SHOP stock is 171.31x.
- What is the 20Y average EV/EBITDA ratio for Shopify Inc. (SHOP)?
- The 20Y average EV/EBITDA ratio for SHOP stock is 171.31x.
Shopify Inc. EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-10 | 240.67x |
| 2026-06-09 | 245.67x |
| 2026-06-08 | 246.48x |
| 2026-06-05 | 243.69x |
| 2026-06-04 | 258.32x |
| 2026-06-03 | 251.34x |
| 2026-06-02 | 260.50x |
| 2026-06-01 | 276.51x |
| 2026-05-29 | 264.33x |
| 2026-05-28 | 256.05x |
| 2026-05-27 | 237.07x |
| 2026-05-26 | 233.24x |
| 2026-05-22 | 228.97x |
| 2026-05-21 | 233.15x |
| 2026-05-20 | 233.49x |
| 2026-05-19 | 224.49x |
| 2026-05-18 | 227.59x |
| 2026-05-15 | 222.84x |
| 2026-05-14 | 216.41x |
| 2026-05-13 | 211.86x |
| 2026-05-12 | 221.85x |
| 2026-05-11 | 227.93x |
| 2026-05-08 | 245.65x |
| 2026-05-07 | 248.64x |
| 2026-05-06 | 234.46x |
| 2026-05-05 | 239.39x |
| 2026-05-04 | 110.14x |
| 2026-05-01 | 110.25x |
| 2026-04-30 | 104.55x |
| 2026-04-29 | 104.66x |
| 2026-04-28 | 105.35x |
| 2026-04-27 | 107.25x |
| 2026-04-24 | 108.64x |
| 2026-04-23 | 107.25x |
| 2026-04-22 | 113.98x |
| 2026-04-21 | 113.26x |
| 2026-04-20 | 116.75x |
| 2026-04-17 | 113.27x |
| 2026-04-16 | 109.61x |
| 2026-04-15 | 110.02x |
| 2026-04-14 | 101.51x |
| 2026-04-13 | 99.19x |
| 2026-04-10 | 95.55x |
| 2026-04-09 | 96.93x |
| 2026-04-08 | 103.66x |
| 2026-04-07 | 101.01x |
| 2026-04-06 | 102.52x |
| 2026-04-02 | 102.04x |
| 2026-04-01 | 102.28x |
| 2026-03-31 | 102.37x |
| 2026-03-30 | 96.40x |
| 2026-03-27 | 96.47x |
| 2026-03-26 | 99.59x |
| 2026-03-25 | 102.19x |
| 2026-03-24 | 100.22x |
| 2026-03-23 | 104.53x |
| 2026-03-20 | 100.76x |
| 2026-03-19 | 105.63x |
| 2026-03-18 | 106.83x |
| 2026-03-17 | 110.36x |
| 2026-03-16 | 109.30x |
| 2026-03-13 | 106.14x |
| 2026-03-12 | 108.94x |
| 2026-03-11 | 111.86x |
| 2026-03-10 | 111.72x |
| 2026-03-09 | 115.32x |
| 2026-03-06 | 112.45x |
| 2026-03-05 | 116.44x |
| 2026-03-04 | 111.97x |
| 2026-03-03 | 105.20x |
| 2026-03-02 | 103.03x |
| 2026-02-27 | 104.20x |
| 2026-02-26 | 108.74x |
| 2026-02-25 | 103.84x |
| 2026-02-24 | 100.90x |
| 2026-02-23 | 101.20x |
| 2026-02-20 | 108.97x |
| 2026-02-19 | 106.88x |
| 2026-02-18 | 105.00x |
| 2026-02-17 | 97.94x |
| 2026-02-13 | 97.21x |
| 2026-02-12 | 95.44x |
| 2026-02-11 | 102.44x |
| 2026-02-10 | 108.33x |
| 2026-02-09 | 100.75x |
| 2026-02-06 | 95.30x |
| 2026-02-05 | 94.61x |
| 2026-02-04 | 96.99x |
| 2026-02-03 | 101.51x |
| 2026-02-02 | 112.59x |
| 2026-01-30 | 111.76x |
| 2026-01-29 | 122.41x |
| 2026-01-28 | 118.36x |
| 2026-01-27 | 117.14x |
| 2026-01-26 | 116.12x |
| 2026-01-23 | 117.47x |
| 2026-01-22 | 117.26x |
| 2026-01-21 | 118.03x |
| 2026-01-20 | 123.15x |
| 2026-01-16 | 132.85x |
| 2026-01-15 | 134.72x |
| 2026-01-14 | 134.31x |
| 2026-01-13 | 142.83x |
| 2026-01-12 | 143.25x |
| 2026-01-09 | 140.29x |
| 2026-01-08 | 143.55x |
| 2026-01-07 | 142.23x |
| 2026-01-06 | 143.70x |
| 2026-01-05 | 141.77x |
| 2026-01-02 | 134.04x |
| 2025-12-31 | 137.28x |
| 2025-12-30 | 139.65x |
| 2025-12-29 | 143.21x |
| 2025-12-26 | 145.74x |
| 2025-12-24 | 144.55x |
| 2025-12-23 | 144.62x |
| 2025-12-22 | 144.74x |
| 2025-12-19 | 144.66x |
| 2025-12-18 | 142.28x |
| 2025-12-17 | 137.93x |
| 2025-12-16 | 139.14x |
| 2025-12-15 | 136.32x |
| 2025-12-12 | 140.04x |
| 2025-12-11 | 140.52x |
| 2025-12-10 | 143.67x |
| 2025-12-09 | 136.35x |
| 2025-12-08 | 135.08x |
| 2025-12-05 | 137.37x |
| 2025-12-04 | 138.43x |
| 2025-12-03 | 136.45x |
| 2025-12-02 | 133.73x |
| 2025-12-01 | 127.25x |
| 2025-11-28 | 135.28x |
| 2025-11-26 | 135.88x |
| 2025-11-25 | 134.19x |
| 2025-11-24 | 132.42x |
| 2025-11-21 | 125.98x |
| 2025-11-20 | 123.20x |
| 2025-11-19 | 124.43x |
| 2025-11-18 | 119.67x |
| 2025-11-17 | 119.22x |
| 2025-11-14 | 124.47x |
| 2025-11-13 | 124.72x |
| 2025-11-12 | 133.52x |
| 2025-11-11 | 135.54x |
| 2025-11-10 | 135.48x |
| 2025-11-07 | 129.93x |
| 2025-11-06 | 133.06x |
| 2025-11-05 | 138.95x |
| 2025-11-04 | 137.25x |
| 2025-11-03 | 144.58x |
| 2025-10-31 | 145.35x |
| 2025-10-30 | 145.14x |
| 2025-10-29 | 149.66x |
| 2025-10-28 | 149.62x |
| 2025-10-27 | 146.35x |
| 2025-10-24 | 144.59x |
| 2025-10-23 | 139.63x |
| 2025-10-22 | 135.42x |
| 2025-10-21 | 135.95x |
| 2025-10-20 | 137.68x |
| 2025-10-17 | 131.86x |
| 2025-10-16 | 130.87x |
| 2025-10-15 | 130.57x |
| 2025-10-14 | 127.78x |
| 2025-10-13 | 128.43x |
| 2025-10-10 | 126.22x |
| 2025-10-09 | 136.98x |
| 2025-10-08 | 139.12x |
| 2025-10-07 | 134.81x |
| 2025-10-06 | 137.51x |
| 2025-10-03 | 134.69x |
| 2025-10-02 | 126.45x |
| 2025-10-01 | 125.00x |
| 2025-09-30 | 124.20x |
| 2025-09-29 | 124.53x |
| 2025-09-26 | 117.20x |
| 2025-09-25 | 119.88x |
| 2025-09-24 | 124.38x |
| 2025-09-23 | 125.31x |
| 2025-09-22 | 131.33x |
| 2025-09-19 | 128.13x |
| 2025-09-18 | 127.13x |
| 2025-09-17 | 123.58x |
| 2025-09-16 | 123.03x |
| 2025-09-15 | 123.60x |
| 2025-09-12 | 119.82x |
| 2025-09-11 | 121.20x |
| 2025-09-10 | 118.83x |
| 2025-09-09 | 119.87x |
| 2025-09-08 | 122.20x |
| 2025-09-05 | 122.70x |
| 2025-09-04 | 121.30x |
| 2025-09-03 | 117.17x |
| 2025-09-02 | 116.19x |
| 2025-08-29 | 118.06x |
| 2025-08-28 | 118.28x |
| 2025-08-27 | 116.90x |
| 2025-08-26 | 117.70x |
| 2025-08-25 | 117.43x |
| 2025-08-22 | 118.76x |
| 2025-08-21 | 114.21x |
| 2025-08-20 | 114.72x |
| 2025-08-19 | 116.36x |
| 2025-08-18 | 119.59x |
| 2025-08-15 | 118.22x |
| 2025-08-14 | 120.57x |
| 2025-08-13 | 125.44x |
| 2025-08-12 | 124.78x |
| 2025-08-11 | 123.27x |
| 2025-08-08 | 125.04x |
| 2025-08-07 | 126.26x |
| 2025-08-06 | 129.47x |
| 2025-08-05 | 111.27x |
| 2025-08-04 | 109.70x |
| 2025-08-01 | 103.90x |
| 2025-07-31 | 107.07x |
| 2025-07-30 | 107.77x |
| 2025-07-29 | 109.38x |
| 2025-07-28 | 111.13x |
| 2025-07-25 | 109.01x |
| 2025-07-24 | 106.95x |
| 2025-07-23 | 107.07x |
| 2025-07-22 | 108.38x |
| 2025-07-21 | 112.52x |
| 2025-07-18 | 111.33x |
| 2025-07-17 | 111.05x |
| 2025-07-16 | 105.13x |
| 2025-07-15 | 100.79x |
| 2025-07-14 | 102.27x |
| 2025-07-11 | 98.21x |
| 2025-07-10 | 100.88x |
| 2025-07-09 | 100.15x |
| 2025-07-08 | 98.53x |
| 2025-07-07 | 102.20x |
| 2025-07-03 | 102.08x |
| 2025-07-02 | 100.54x |
| 2025-07-01 | 98.70x |
| 2025-06-30 | 101.05x |
| 2025-06-27 | 99.56x |
| 2025-06-26 | 99.05x |
| 2025-06-25 | 99.77x |
| 2025-06-24 | 100.23x |
| 2025-06-23 | 96.34x |
| 2025-06-20 | 93.20x |
| 2025-06-18 | 92.82x |
| 2025-06-17 | 93.31x |
| 2025-06-16 | 94.93x |
| 2025-06-13 | 92.27x |
| 2025-06-12 | 95.66x |
| 2025-06-11 | 99.98x |
| 2025-06-10 | 96.59x |
| 2025-06-09 | 94.43x |
| 2025-06-06 | 97.59x |
| 2025-06-05 | 92.00x |
| 2025-06-04 | 90.73x |
| 2025-06-03 | 92.07x |
| 2025-06-02 | 93.32x |
| 2025-05-30 | 93.92x |
| 2025-05-29 | 94.34x |
Showing the most recent 260 of 1,002 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