As of 2026-04-20, the Relative Valuation of Shopify Inc (SHOP) is 38.74 USD. This relative valuation is based on P/E multiples. With the latest stock price at 131.15 USD, the upside of Shopify Inc based on Relative Valuation is -70.5%.
The range of the Relative Valuation is 33.21 - 46.63 USD.
| Range | Selected | |
| Trailing P/E multiples | 35.2x - 49.4x | 41.9x |
| Forward P/E multiples | 25.2x - 31.8x | 28.7x |
| Fair Price | 33.21 - 46.63 | 38.74 |
| Upside | -74.7% - -64.4% | -70.5% |
| Date | P/E |
| 2026-04-17 | 138.94 |
| 2026-04-16 | 134.48 |
| 2026-04-15 | 134.98 |
| 2026-04-14 | 124.63 |
| 2026-04-13 | 121.80 |
| 2026-04-10 | 117.37 |
| 2026-04-09 | 119.05 |
| 2026-04-08 | 127.23 |
| 2026-04-07 | 124.01 |
| 2026-04-06 | 125.86 |
| 2026-04-02 | 125.27 |
| 2026-04-01 | 125.56 |
| 2026-03-31 | 125.66 |
| 2026-03-30 | 118.41 |
| 2026-03-27 | 118.49 |
| 2026-03-26 | 122.29 |
| 2026-03-25 | 125.45 |
| 2026-03-24 | 123.05 |
| 2026-03-23 | 128.29 |
| 2026-03-20 | 123.72 |
| 2026-03-19 | 129.64 |
| 2026-03-18 | 131.10 |
| 2026-03-17 | 135.39 |
| 2026-03-16 | 134.10 |
| 2026-03-13 | 130.26 |
| 2026-03-12 | 133.66 |
| 2026-03-11 | 137.21 |
| 2026-03-10 | 137.04 |
| 2026-03-09 | 141.43 |
| 2026-03-06 | 137.93 |
| 2026-03-05 | 142.80 |
| 2026-03-04 | 137.35 |
| 2026-03-03 | 129.11 |
| 2026-03-02 | 126.47 |
| 2026-02-27 | 127.90 |
| 2026-02-26 | 133.42 |
| 2026-02-25 | 127.46 |
| 2026-02-24 | 123.87 |
| 2026-02-23 | 124.25 |
| 2026-02-20 | 133.70 |
| 2026-02-19 | 131.15 |
| 2026-02-18 | 128.86 |
| 2026-02-17 | 120.28 |
| 2026-02-13 | 119.39 |
| 2026-02-12 | 117.23 |
| 2026-02-11 | 125.76 |
| 2026-02-10 | 134.80 |
| 2026-02-09 | 125.43 |
| 2026-02-06 | 118.70 |
| 2026-02-05 | 117.85 |