Shopify Stock Price To Book

SHOP Stock

USD 74.46 2.46 3.42%

Shopify fundamentals help investors to digest information that contributes to Shopify's financial success or failures. It also enables traders to predict the movement of Shopify Stock. The fundamental analysis module provides a way to measure Shopify's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Shopify stock.

Short Long Term Debt Total Total Assets

As of 05/05/2024, Price To Book Ratio is likely to grow to 15.57.

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Shopify Company Price To Book Analysis

Shopify's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Shopify Price To Book

9.94 X

Most of Shopify's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Shopify is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Shopify Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Shopify is extremely important. It helps to project a fair market value of Shopify Stock properly, considering its historical fundamentals such as Price To Book. Since Shopify's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Shopify's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Shopify's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Deferred Long Term Liab	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt	Long Term Investments
Total Assets		1.0	0.98	0.95	-0.55	0.33	0.92	0.94	0.63	0.92	0.98	0.92	0.98	0.57	0.99	0.92	0.79	0.97	0.47	0.9	0.98	0.95	0.97	0.91	0.88
Total Stockholder Equity	1.0		0.99	0.94	-0.57	0.36	0.91	0.93	0.6	0.93	0.98	0.93	0.97	0.56	0.98	0.91	0.79	0.96	0.49	0.9	0.98	0.96	0.96	0.9	0.88
Net Tangible Assets	0.98	0.99		0.88	-0.66	0.47	0.9	0.86	0.54	0.96	0.94	0.95	0.93	0.53	0.94	0.84	0.78	0.93	0.59	0.93	0.97	0.98	0.92	0.84	0.85
Current Deferred Revenue	0.95	0.94	0.88		-0.29	0.1	0.86	0.99	0.7	0.78	0.98	0.79	0.97	0.54	0.97	0.98	0.75	0.96	0.22	0.76	0.9	0.82	0.95	0.96	0.89
Net Debt	-0.55	-0.57	-0.66	-0.29		-0.52	-0.57	-0.3	-0.16	-0.75	-0.45	-0.77	-0.45	-0.38	-0.49	-0.27	-0.5	-0.49	-0.98	-0.83	-0.61	-0.77	-0.48	-0.17	-0.25
Retained Earnings	0.33	0.36	0.47	0.1	-0.52		0.31	0.05	-0.1	0.47	0.22	0.43	0.17	0.06	0.17	-0.02	0.06	0.21	0.44	0.4	0.42	0.46	0.23	0.22	0.37
Accounts Payable	0.92	0.91	0.9	0.86	-0.57	0.31		0.8	0.81	0.94	0.92	0.95	0.92	0.8	0.9	0.82	0.73	0.86	0.5	0.89	0.95	0.92	0.94	0.77	0.75
Net Receivables	0.94	0.93	0.86	0.99	-0.3	0.05	0.8		0.6	0.76	0.96	0.76	0.96	0.44	0.97	0.98	0.76	0.95	0.23	0.75	0.87	0.8	0.93	0.94	0.89
Good Will	0.63	0.6	0.54	0.7	-0.16	-0.1	0.81	0.6		0.58	0.72	0.6	0.72	0.92	0.67	0.67	0.48	0.62	0.11	0.53	0.64	0.56	0.72	0.61	0.43
Short Term Investments	0.92	0.93	0.96	0.78	-0.75	0.47	0.94	0.76	0.58		0.87	1.0	0.87	0.63	0.88	0.75	0.79	0.84	0.69	0.96	0.96	0.97	0.89	0.69	0.75
Total Liab	0.98	0.98	0.94	0.98	-0.45	0.22	0.92	0.96	0.72	0.87		0.88	0.98	0.62	0.99	0.94	0.74	0.98	0.37	0.86	0.96	0.91	0.98	0.93	0.87
Total Current Assets	0.92	0.93	0.95	0.79	-0.77	0.43	0.95	0.76	0.6	1.0	0.88		0.88	0.64	0.89	0.75	0.77	0.86	0.71	0.98	0.96	0.98	0.91	0.69	0.74
Short Term Debt	0.98	0.97	0.93	0.97	-0.45	0.17	0.92	0.96	0.72	0.87	0.98	0.88		0.65	0.99	0.97	0.8	0.94	0.37	0.84	0.94	0.89	0.96	0.9	0.84
Intangible Assets	0.57	0.56	0.53	0.54	-0.38	0.06	0.8	0.44	0.92	0.63	0.62	0.64	0.65		0.58	0.53	0.5	0.49	0.33	0.57	0.6	0.58	0.62	0.43	0.28
Common Stock	0.99	0.98	0.94	0.97	-0.49	0.17	0.9	0.97	0.67	0.88	0.99	0.89	0.99	0.58		0.96	0.83	0.97	0.43	0.87	0.94	0.91	0.96	0.9	0.85
Property Plant Equipment	0.92	0.91	0.84	0.98	-0.27	-0.02	0.82	0.98	0.67	0.75	0.94	0.75	0.97	0.53	0.96		0.78	0.92	0.2	0.72	0.85	0.78	0.91	0.91	0.84
Deferred Long Term Liab	0.79	0.79	0.78	0.75	-0.5	0.06	0.73	0.76	0.48	0.79	0.74	0.77	0.8	0.5	0.83	0.78		0.7	0.5	0.71	0.72	0.73	0.71	0.62	0.59
Long Term Debt Total	0.97	0.96	0.93	0.96	-0.49	0.21	0.86	0.95	0.62	0.84	0.98	0.86	0.94	0.49	0.97	0.92	0.7		0.42	0.88	0.94	0.91	0.97	0.91	0.86
Capital Surpluse	0.47	0.49	0.59	0.22	-0.98	0.44	0.5	0.23	0.11	0.69	0.37	0.71	0.37	0.33	0.43	0.2	0.5	0.42		0.77	0.52	0.7	0.4	0.08	0.15
Cash And Equivalents	0.9	0.9	0.93	0.76	-0.83	0.4	0.89	0.75	0.53	0.96	0.86	0.98	0.84	0.57	0.87	0.72	0.71	0.88	0.77		0.93	0.98	0.89	0.65	0.69
Net Invested Capital	0.98	0.98	0.97	0.9	-0.61	0.42	0.95	0.87	0.64	0.96	0.96	0.96	0.94	0.6	0.94	0.85	0.72	0.94	0.52	0.93		0.97	0.97	0.84	0.87
Net Working Capital	0.95	0.96	0.98	0.82	-0.77	0.46	0.92	0.8	0.56	0.97	0.91	0.98	0.89	0.58	0.91	0.78	0.73	0.91	0.7	0.98	0.97		0.92	0.74	0.76
Capital Stock	0.97	0.96	0.92	0.95	-0.48	0.23	0.94	0.93	0.72	0.89	0.98	0.91	0.96	0.62	0.96	0.91	0.71	0.97	0.4	0.89	0.97	0.92		0.89	0.88
Long Term Debt	0.91	0.9	0.84	0.96	-0.17	0.22	0.77	0.94	0.61	0.69	0.93	0.69	0.9	0.43	0.9	0.91	0.62	0.91	0.08	0.65	0.84	0.74	0.89		0.92
Long Term Investments	0.88	0.88	0.85	0.89	-0.25	0.37	0.75	0.89	0.43	0.75	0.87	0.74	0.84	0.28	0.85	0.84	0.59	0.86	0.15	0.69	0.87	0.76	0.88	0.92

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Shopify Price To Book Historical Pattern

Today, most investors in Shopify Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Shopify's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Shopify price to book as a starting point in their analysis.

Shopify Price To Book

Timeline

Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

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Price Book Value Ratio Over Time

Shopify Book Value Per Share

Book Value Per Share

7.43

At this time, Shopify's Book Value Per Share is relatively stable compared to the past year.

Based on the latest financial disclosure, Shopify has a Price To Book of 9.9386 times. This is 11.81% lower than that of the IT Services sector and significantly higher than that of the Information Technology industry. The price to book for all United States stocks is 4.51% lower than that of the firm.

Shopify Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Shopify's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Shopify could also be used in its relative valuation, which is a method of valuing Shopify by comparing valuation metrics of similar companies.

Shopify is currently under evaluation in price to book category among related companies.

Shopify Current Valuation Drivers

We derive many important indicators used in calculating different scores of Shopify from analyzing Shopify's financial statements. These drivers represent accounts that assess Shopify's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Shopify's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	44.9B	135.3B	171.7B	44.0B	99.8B	52.4B
Enterprise Value	44.4B	133.6B	170.4B	43.7B	99.6B	51.9B

Shopify Fundamentals

	Return On Equity	0.0153
	Return On Asset	0.0147
	Profit Margin	0.02 %
	Operating Margin	0.22 %
	Current Valuation	91.95 B
	Shares Outstanding	1.21 B
	Shares Owned By Insiders	0.18 %
	Shares Owned By Institutions	69.62 %
	Number Of Shares Shorted	16.33 M
	Price To Earning	282.85 X
	Price To Book	9.94 X
	Price To Sales	12.76 X
	Revenue	7.06 B
	Gross Profit	2.75 B
	EBITDA	(88 M)
	Net Income	132 M
	Cash And Equivalents	1.65 B
	Cash Per Share	3.88 X
	Total Debt	1.15 B
	Debt To Equity	0.15 %
	Current Ratio	6.64 X
	Book Value Per Share	7.05 X
	Cash Flow From Operations	944 M
	Short Ratio	2.34 X
	Earnings Per Share	0.10 X
	Price To Earnings To Growth	1.12 X
	Target Price	83.26
	Number Of Employees	8.3 K
	Beta	2.2
	Market Capitalization	95.94 B
	Total Asset	11.3 B
	Retained Earnings	(390 M)
	Working Capital	5.38 B
	Current Asset	202.47 M
	Current Liabilities	37.24 M
	Net Asset	11.3 B

About Shopify Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Shopify's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Shopify using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Shopify based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Shopify is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Shopify Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Shopify Stock. Highlighted below are key reports to facilitate an investment decision about Shopify Stock:

How To Invest In Shopify

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Is Shopify Stock a good investment?

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What is Shopify's Net Worth?

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Largest Software - Application Companies

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Check out Shopify Piotroski F Score and Shopify Altman Z Score analysis.

To learn how to invest in Shopify Stock, please use our How to Invest in Shopify guide.

You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Shopify Stock analysis

When running Shopify's price analysis, check to measure Shopify's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shopify is operating at the current time. Most of Shopify's value examination focuses on studying past and present price action to predict the probability of Shopify's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shopify's price. Additionally, you may evaluate how the addition of Shopify to your portfolios can decrease your overall portfolio volatility.

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Is Shopify's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Shopify. If investors know Shopify will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Shopify listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

4.858

Earnings Share

0.1

Revenue Per Share

5.509

Quarterly Revenue Growth

0.236

Return On Assets

0.0147

The market value of Shopify is measured differently than its book value, which is the value of Shopify that is recorded on the company's balance sheet. Investors also form their own opinion of Shopify's value that differs from its market value or its book value, called intrinsic value, which is Shopify's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Shopify's market value can be influenced by many factors that don't directly affect Shopify's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Shopify's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shopify is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shopify's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Shopify Stock Price To Book

Shopify Company Price To Book Analysis

P/B

MV Per Share

BV Per Share

Current Shopify Price To Book

Shopify Price To Book Driver Correlations

Shopify Price To Book Historical Pattern

Shopify Book Value Per Share

Book Value Per Share

7.43

Shopify Price To Book Peer Comparison

Shopify Current Valuation Drivers

Shopify Fundamentals

About Shopify Fundamental Analysis

Currently Active Assets on Macroaxis

Complementary Tools for Shopify Stock analysis

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