As of 2025-08-02, the Relative Valuation of Shopify Inc (SHOP) is 51.14 USD. This relative valuation is based on P/E multiples. With the latest stock price at 118.60 USD, the upside of Shopify Inc based on Relative Valuation is -56.9%.
The range of the Relative Valuation is 38.30 - 63.96 USD.
| Range | Selected | |
| Trailing P/E multiples | 30.9x - 51.5x | 39.8x |
| Forward P/E multiples | 24.4x - 29.8x | 26.4x |
| Fair Price | 38.30 - 63.96 | 51.14 |
| Upside | -67.7% - -46.1% | -56.9% |
| Date | P/E |
| 2025-08-01 | 95.57 |
| 2025-07-31 | 98.48 |
| 2025-07-30 | 99.12 |
| 2025-07-29 | 100.61 |
| 2025-07-28 | 102.21 |
| 2025-07-25 | 100.27 |
| 2025-07-24 | 98.38 |
| 2025-07-23 | 98.48 |
| 2025-07-22 | 99.69 |
| 2025-07-21 | 103.49 |
| 2025-07-18 | 102.40 |
| 2025-07-17 | 102.14 |
| 2025-07-16 | 96.70 |
| 2025-07-15 | 92.71 |
| 2025-07-14 | 94.07 |
| 2025-07-11 | 90.34 |
| 2025-07-10 | 92.80 |
| 2025-07-09 | 92.12 |
| 2025-07-08 | 90.64 |
| 2025-07-07 | 94.01 |
| 2025-07-03 | 93.89 |
| 2025-07-02 | 92.48 |
| 2025-07-01 | 90.79 |
| 2025-06-30 | 92.95 |
| 2025-06-27 | 91.58 |
| 2025-06-26 | 91.11 |
| 2025-06-25 | 91.78 |
| 2025-06-24 | 92.20 |
| 2025-06-23 | 88.62 |
| 2025-06-20 | 85.74 |
| 2025-06-18 | 85.39 |
| 2025-06-17 | 85.84 |
| 2025-06-16 | 87.33 |
| 2025-06-13 | 84.89 |
| 2025-06-12 | 88.00 |
| 2025-06-11 | 91.97 |
| 2025-06-10 | 88.85 |
| 2025-06-09 | 86.87 |
| 2025-06-06 | 89.78 |
| 2025-06-05 | 84.64 |
| 2025-06-04 | 83.47 |
| 2025-06-03 | 84.70 |
| 2025-06-02 | 85.85 |
| 2025-05-30 | 86.40 |
| 2025-05-29 | 86.79 |
| 2025-05-28 | 86.31 |
| 2025-05-27 | 86.01 |
| 2025-05-23 | 81.80 |
| 2025-05-22 | 83.23 |
| 2025-05-21 | 82.45 |