PB Ratio: 14.85

Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 14.85 is 35% above its 5-year average of 10.97, near the high end of its 5-year range (3.72–19.36).

As of Friday, September 4, 2026. 5.23% above its 12-month average of 14.11.

SHOP PB Ratio Metrics

P/B vs. its own history

At 14.85, P/B is above its 11-year median — higher than 68% of readings in its 11-year history.

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for Shopify Inc. (SHOP)?

The P/B ratio for SHOP stock is 14.85.

Is Shopify Inc.'s P/B ratio high or low?

The P/B ratio of 14.85 is 35% above its 5-year average of 10.97, near the high end of its 5-year range (3.72–19.36).

What is the TTM average P/B ratio for Shopify Inc. (SHOP)?

The TTM average P/B ratio for SHOP stock is 14.11.

What is the 3Y average P/B ratio for Shopify Inc. (SHOP)?

The 3Y average P/B ratio for SHOP stock is 12.52.

What is the 5Y average P/B ratio for Shopify Inc. (SHOP)?

The 5Y average P/B ratio for SHOP stock is 10.97.

What is the 10Y average P/B ratio for Shopify Inc. (SHOP)?

The 10Y average P/B ratio for SHOP stock is 12.92.

Showing the most recent 260 of 2,792 data points. The chart above shows the full history.

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