Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 75.32.
Forward PE Ratio (75.32) = Close Price ($134.10) / Consensus Forward EPS ($1.93)
FORWARD PE RATIO
75.32
SECTOR MEDIAN · TECHNOLOGY
27.08
median of 155 covered companies
CURRENT VS SECTOR MEDIAN
+178.14%
vs the sector median at left
Shopify Inc.
Market Cap
$174.02B
Forward PE Ratio
75.32
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Shopify Inc. (SHOP) | $174.02B | 75.32 |
| Analog Devices, Inc. (ADI)vs › | $176.91B | 28.22 |
| QUALCOMM Incorporated (QCOM)vs › | $182.79B | 16.51 |
| Western Digital Corporation (WDC)vs › | $164.52B | 46.78 |
| Marvell Technology, Inc. (MRVL)vs › | $197.41B | 79.24 |
| Uber Technologies, Inc. (UBER)vs › | $148.86B | 22.65 |
| Amphenol Corporation (APH)vs › | $201.62B | 31.07 |
| Seagate Technology Holdings plc (STX)vs › | $202.79B | 56.96 |
| Salesforce, Inc. (CRM)vs › | $204.03B | 21.16 |
| Corning Inc (GLW)vs › | $142.98B | 50.65 |
Trailing P/E
97.4
reported TTM EPS
Forward P/E
75.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.93 implies +29.5% EPS growth vs the reported trailing $1.49.
At today's $134.10 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $1.93 | $1.83 – $2.04 | 26 | 69.6x |
| 2027-12-31 | $2.49 | $2.12 – $3.11 | 27 | 53.8x |
| 2028-12-31 | $3.37 | $2.58 – $4.14 | 13 | 39.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
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
