Shopify Inc. - Class A Subordinate Voting Shares (SHOP)
Technology › Services-Prepackaged Software
Price History
Feb 9, 2026 — Aug 3, 2026Investment Snapshot
- Trading 662% above Graham Number — above intrinsic value estimate
- Piotroski F-Score 4/9 — moderate financial health
- Loss-making — negative ROE of -0.7%
- Revenue growing at 30% annually
Shopify Inc. - Class A Subordinate Voting Shares (SHOP) is a Technology company operating in Services-Prepackaged Software, listed on the NASDAQ , with a market capitalisation of $152.7 billion . Key value metrics: P/E ratio 115.6, P/B ratio 12.21, Piotroski F-Score 4 out of 9 (moderate financial health) .
Value Score
Key Metrics
Current vs 5-Year Average
Based on 4 years of SEC filingsRevenue & Net Income
Financial Statements
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | $X.XB | $X.XB | $X.XB |
| Gross Profit | $X.XB | $X.XB | $X.XB |
| Operating Income | $X.XB | $X.XB | $X.XB |
| Net Income | $X.XB | $X.XB | $X.XB |
| EBITDA | $X.XB | $X.XB | $X.XB |
| Total Assets | $X.XB | $X.XB | $X.XB |
| Total Liabilities | $X.XB | $X.XB | $X.XB |
Shopify Inc. - Class A Subordinate Voting Shares — Fundamental Analysis Summary
Shopify Inc. - Class A Subordinate Voting Shares (SHOP) is currently trading 662% above its Graham Number of $15.38, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries an elevated trailing P/E ratio of 115.6x.
On financial health, SHOP shows a moderate Piotroski F-Score of 4/9, and negative return on equity of -0.7% (sector average: -1.8%), and minimal leverage with a debt-to-equity ratio of 0.00.
StockPik's composite Value Score for SHOP is 30/100 — reflecting current market or financial concerns. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.
SHOP reports a solid gross margin of 48.9% (sector average: 42.5%) and a solid operating margin of 11.0%.
SHOP shows revenue growing at 30% year-over-year, with earnings declining at 39%.