Shopify Inc.

LSE:0VHA Stock Report

Market Cap: US$134.3b

Shopify Valuation

Is 0VHA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0VHA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0VHA ($107.41) is trading above our estimate of fair value ($100.96)

Significantly Below Fair Value: 0VHA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0VHA?

Key metric: As 0VHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0VHA. This is calculated by dividing 0VHA's market cap by their current earnings.
What is 0VHA's PE Ratio?
PE Ratio99.5x
EarningsUS$1.38b
Market CapUS$134.30b

Price to Earnings Ratio vs Peers

How does 0VHA's PE Ratio compare to its peers?

The above table shows the PE ratio for 0VHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.7x
BKS Beeks Financial Cloud Group
79.7x36.9%UK£174.9m
SGE Sage Group
39x11.8%UK£12.6b
IOM iomart Group
17.4x-1.7%UK£111.9m
SCT Softcat
26.7x8.6%UK£3.2b
0VHA Shopify
99.5x17.2%US$134.3b

Price-To-Earnings vs Peers: 0VHA is expensive based on its Price-To-Earnings Ratio (99.5x) compared to the peer average (40.7x).

Price to Earnings Ratio vs Industry

How does 0VHA's PE Ratio compare vs other companies in the European IT Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0VHA 99.5xIndustry Avg. 17.8xNo. of Companies23PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0VHA is expensive based on its Price-To-Earnings Ratio (99.5x) compared to the European IT industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0VHA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0VHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio99.5x
Fair PE Ratio66.7x

Price-To-Earnings vs Fair Ratio: 0VHA is expensive based on its Price-To-Earnings Ratio (99.5x) compared to the estimated Fair Price-To-Earnings Ratio (66.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0VHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$107.41
US$115.71
+7.7%
15.4%US$145.00US$78.00n/a44
Nov ’25US$79.38
US$82.58
+4.0%
11.8%US$105.00US$65.00n/a44
Oct ’25US$78.67
US$80.53
+2.4%
11.4%US$105.00US$65.00n/a44
Sep ’25US$73.74
US$78.34
+6.2%
9.6%US$100.00US$65.00n/a42
Aug ’25US$57.95
US$76.84
+32.6%
11.0%US$100.00US$63.00n/a42
Jul ’25US$64.13
US$76.50
+19.3%
11.3%US$100.00US$63.00n/a40
Jun ’25US$58.36
US$76.60
+31.3%
11.1%US$100.00US$63.00n/a40
May ’25US$70.46
US$83.08
+17.9%
12.7%US$105.00US$63.00n/a40
Apr ’25US$77.85
US$82.53
+6.0%
12.4%US$100.00US$63.00n/a39
Mar ’25US$77.24
US$81.90
+6.0%
12.9%US$100.00US$63.00n/a39
Feb ’25US$75.99
US$75.67
-0.4%
14.5%US$100.00US$56.00n/a39
Jan ’25US$77.84
US$72.69
-6.6%
13.6%US$100.00US$53.00n/a39
Dec ’24US$73.68
US$68.21
-7.4%
10.5%US$82.00US$53.00n/a39
Nov ’24US$48.37
US$66.42
+37.3%
11.4%US$80.00US$50.00US$79.3842
Oct ’24US$54.63
US$67.94
+24.4%
10.8%US$80.00US$52.00US$78.6740
Sep ’24US$66.78
US$67.74
+1.4%
11.1%US$80.00US$52.00US$73.7440
Aug ’24US$67.39
US$64.32
-4.6%
14.2%US$80.00US$41.00US$57.9539
Jul ’24US$64.61
US$63.14
-2.3%
14.9%US$80.00US$41.00US$64.1340
Jun ’24US$58.40
US$60.76
+4.1%
17.6%US$80.00US$36.00US$58.3643
May ’24US$48.50
US$48.31
-0.4%
17.8%US$65.00US$34.00US$70.4643
Apr ’24US$47.94
US$47.68
-0.5%
17.4%US$65.00US$34.00US$77.8543
Mar ’24US$40.20
US$47.75
+18.8%
17.6%US$65.00US$34.00US$77.2442
Feb ’24US$49.44
US$41.77
-15.5%
16.9%US$60.00US$28.00US$75.9941
Jan ’24US$34.29
US$40.06
+16.8%
16.2%US$60.00US$28.00US$77.8441
Dec ’23US$43.38
US$39.69
-8.5%
16.0%US$60.00US$28.00US$73.6839
Nov ’23US$35.29
US$39.95
+13.2%
16.0%US$60.00US$28.00US$48.3739

Analyst Forecast: Target price is less than 20% higher than the current share price.

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