SHOPIFY INC. (SHOP)
Services-Prepackaged Software
Latest Price
$117.15
TTM P/E
114.85
Normalized P/E
129.21
Div Yield
--
Book Value
9.59
P/B Ratio
12.21
Valuation metrics
adjust assumptions →EPS: $0.94
Book value / share: $10.32
Formula: √(22.5 × EPS × BVPS)
Graham Number
$14.78
87% downside
Norm. op. income: $179M (median of 6yr)
Tax rate: 18%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$5.55
95% downside
Base FCF: $905M (median of recent 5yr)
Growth: 25%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$56.04
52% downside
EPS: $0.94
Target P/E: 15×
Formula: EPS × P/E
P/E Fair Value
$14.10
88% downside
Institutional Ownership
60.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Capital International Investors | 50.06M | $5.93B | 3.84% | +11.72M | 2026-03-31 |
| FMR LLC | 45.83M | $5.44B | 3.52% | -2.17M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 33.74M | $4.00B | 2.59% | -- | 2026-03-31 |
| Capital World Investors | 33.70M | $4.00B | 2.59% | -14.13M | 2026-03-31 |
| BAILLIE GIFFORD & CO | 29.02M | $3.44B | 2.23% | -2.18M | 2026-03-31 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 25.02M | $2.97B | 1.92% | +1.49M | 2026-03-31 |
| MORGAN STANLEY | 24.70M | $2.93B | 1.90% | -1.75M | 2026-03-31 |
| FIL Ltd | 18.23M | $2.16B | 1.40% | -158.9K | 2026-03-31 |
| CIBC WORLD MARKET INC. | 17.25M | $2.05B | 1.32% | -577.6K | 2026-03-31 |
| JANE STREET GROUP, LLC | 16.89M | $2.00B | 1.30% | +12.51M | 2026-03-31 |