Spotify Technology (XSWX:SPOT) Book Value per Share: CHF35.46 (As of Mar. 2026)


XSWX:SPOT Spotify Technology SA XSWX:SPOT
77 GF Score
Price CHF385.50
GF Value CHF388.20
! 2 Warning Signs
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What is Spotify Technology Book Value per Share?

Spotify Technology XSWX:SPOT +0.78% 77 Book Value per Share is CHF35.46 as of Mar. 2026. GuruFocus rates XSWX:SPOT with a GF Score™ of 77/100 and a GF Value™ of CHF388.20. The stock has 2 warning signs investors should review.

Spotify Technology's book value per share for the quarter that ended in Mar. 2026 was CHF35.46.

During the past 12 months, Spotify Technology's average Book Value Per Share Growth Rate was 36.70% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 53.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 23.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Spotify Technology was 124.70% per year. The lowest was -8.00% per year. And the median was 31.60% per year.

Spotify Technology's current price is CHF385.50. Its book value per share for the quarter that ended in Mar. 2026 was CHF35.46. Hence, today's PB Ratio of Spotify Technology is 10.87.

During the past 11 years, the highest P/B Ratio of Spotify Technology was 162.28. The lowest was 6.21. And the median was 13.72.


Spotify Technology  (XSWX:SPOT) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Spotify Technology Book Value per Share Related Terms


Spotify Technology Book Value per Share Historical Data

* Premium members only.

The historical data trend for Spotify Technology's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spotify Technology Book Value per Share Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.48 12.26 12.07 25.31 37.76

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.10 30.21 35.27 37.76 35.46

XSWX:SPOT vs NBIS, BIDU, RDDT: Book Value per Share Comparison

For the Internet Content & Information subindustry, Spotify Technology's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spotify Technology PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Spotify Technology's PB Ratio falls into.


XSWX:SPOT
77GF Score
Spotify Technology SA XSWX:SPOT
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Spotify Technology Book Value per Share Calculation

Spotify Technology's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(7,772-0)/206
=37.76

Spotify Technology's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(7,290-0)/206
=35.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of CHF35.46 mean?
Spotify Technology (XSWX:SPOT) has a Book Value per Share of CHF35.46 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's Book Value per Share too high?
Spotify Technology's current Book Value per Share is CHF35.46. Overall, Spotify Technology has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's Book Value per Share compare to NBIS and BIDU?
Spotify Technology's Book Value per Share of CHF35.46 can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for an Interactive Media company?
A good Book Value per Share depends on the Interactive Media industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Spotify Technology and its competitors. Spotify Technology's current Book Value per Share is CHF35.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Spotify Technology (XSWX:SPOT) has a current Book Value per Share of CHF35.46. The stock's GF Value™ is CHF388.20, compared to a current price of CHF385.50 — trading 0.7% below its estimated fair value. The current Book Value per Share is CHF35.46. Spotify Technology's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Book Value per Share is CHF35.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spotify Technology (XSWX:SPOT) Overvalued in 2026?

Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued. The current stock price of CHF385.50 is trading 0.7% below its estimated GF Value™ of CHF388.20.

Key valuation signals for XSWX:SPOT:

  • Book Value per Share: CHF35.46
  • GF Value™: CHF388.20 vs. price of CHF385.50 (0.7% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the XSWX:SPOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spotify Technology Business Description

Address Regeringsgatan 19, Stockholm, SWE, 111 53
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
77GF Score

Get the complete analysis for XSWX:SPOT

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF385.50
Price
CHF388.20
GF Value