Shopify (SHOP) Price to Book (2015 - 2026)
Shopify (SHOP) posted Price to Book of 11.66 for Q2 2026, down 5.72% on a QoQ basis from 12.37 in Q1 2026, and down 5.57% year-over-year from 12.35 in Q2 2025.
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Analysis
Shopify (SHOP) Price to Book (2015 - 2026) Analysis & Trends
Shopify has reported Price to Book for 12 years, with the latest figure at 11.66 in Q2 2026.
- On a quarterly basis, Price to Book fell 5.57% year-over-year to 11.66 in Q2 2026; TTM through Jun 2026 was 11.66, a 5.57% decrease from a year earlier, with the FY2025 full-year figure at 15.52, up 30.79% from the prior year.
- Price to Book was 11.66 for Q2 2026 at Shopify, down from 12.37 in the prior quarter.
- The five-year high for Price to Book was 15.52 in Q4 2025, with the low at 5.33 in Q4 2022.
- Average Price to Book over 5 years is 11.45, with a median of 11.43 recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Price to Book sank 65.75% in 2022, then jumped 106.42% in 2023.
- Over 5 years, Price to Book stood at 5.33 in 2022, then surged by 106.42% to 11.01 in 2023, then rose by 7.76% to 11.87 in 2024, then soared by 30.79% to 15.52 in 2025, then fell by 24.87% to 11.66 in 2026.
- The last three Price to Book figures came in at 11.66 (Q2 2026), 12.37 (Q1 2026), and 15.52 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,070.34 Bn | 3,641.31 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,876.83 Bn | 1,786.57 Bn | 49.47 Bn |
| 3 | Netflix | 297.14 Bn | 288.01 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 257.29 Bn | 222.03 Bn | 15.11 Bn |
| 5 | Shopify | 184.36 Bn | 179.41 Bn | 1.71 Bn |
| 6 | Uber Technologies | 141.62 Bn | 136.41 Bn | 6.38 Bn |
| 7 | Booking Holdings | 117.14 Bn | 99.93 Bn | 4.98 Bn |
| 8 | PDD Holdings | 112.73 Bn | 82.45 Bn | 9.45 Bn |
| 9 | AppLovin | 105.70 Bn | 102.65 Bn | 1.70 Bn |
| 10 | Spotify Technology | 105.08 Bn | 94.17 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.66 |
| Mar 31, 2026 | 12.37 |
| Dec 31, 2025 | 15.52 |
| Sep 30, 2025 | 15.44 |
| Jun 30, 2025 | 12.35 |
| Mar 31, 2025 | 11.19 |
| Dec 31, 2024 | 11.87 |
| Sep 30, 2024 | 10.23 |
| Jun 30, 2024 | 9.29 |
| Mar 31, 2024 | 11.18 |
| Dec 31, 2023 | 11.01 |
| Dec 31, 2022 | 5.33 |
| Dec 31, 2021 | 15.58 |
| Dec 31, 2020 | 21.67 |
| Dec 31, 2019 | 15.35 |
| Dec 31, 2018 | 7.31 |
| Dec 31, 2017 | 10.08 |
| Dec 31, 2016 | 9.34 |
| Dec 31, 2015 | 10.58 |
API Access
Shopify Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=SHOP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "SHOP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=SHOP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();