Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 62.31 as of Sunday, July 26, 2026.
Forward PE Ratio (62.31) = Close Price ($113.75) / Consensus Forward EPS ($1.83)
FORWARD PE RATIO
62.31
SECTOR MEDIAN · TECHNOLOGY
26.26
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
+137.28%
vs the sector median at left
Shopify Inc.
Market Cap
$147.61B
Forward PE Ratio
62.31
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Shopify Inc. (SHOP) | $147.61B | 62.31 |
| Uber Technologies, Inc. (UBER)vs › | $134.23B | 19.75 |
| Salesforce, Inc. (CRM)vs › | $134.04B | 13.90 |
| AppLovin Corporation (APP)vs › | $131.68B | 24.35 |
| Corning Inc (GLW)vs › | $126.24B | 45.86 |
| Marvell Technology, Inc. (MRVL)vs › | $170.10B | 68.28 |
| QUALCOMM Incorporated (QCOM)vs › | $175.99B | 15.50 |
| Western Digital Corporation (WDC)vs › | $179.17B | 52.03 |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 29.97 |
| Fortinet, Inc. (FTNT)vs › | $111.63B | 48.33 |
Trailing P/E
111.5
reported TTM EPS
Forward P/E
62.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $1.83 implies +79.4% EPS growth vs the reported trailing $1.02.
At today's $113.75 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 | $1.83 | $1.65 – $1.98 | 27 | 62.3x |
| 2027-12-31 | $2.33 | $2.02 – $2.77 | 27 | 48.7x |
| 2028-12-31 | $3.19 | $2.34 – $3.80 | 11 | 35.7x |
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
