Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
SPS CommerceSPSC +4.37%84 EV-to-EBIT is 22.41 as of Aug. 19, 2026, which is 69% below its 10-year median of 72.01. GuruFocus rates SPSC with a GF Score™ of 84/100 and a GF Value™ of $181.43 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,774 Software companies, SPS Commerce ranks worse than 65.45% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
SPS Commerce's Enterprise Value for the quarter that ended in Jun. 2026 was $1,902.4 Mil.
SPS Commerce's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $122.3 Mil.
* 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.
SPS Commerce EV-to-EBIT Related Terms
SPS Commerce EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for SPS Commerce's EV-to-EBIT 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.
For the Software - Application subindustry, SPS Commerce's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
SPS Commerce EV-to-EBIT vs Software Industry
For the Software industry and Technology sector, SPS Commerce's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where SPS Commerce's EV-to-EBIT falls into.
SPS Commerce's current Enterprise Value is $2,740.5 Mil.
SPS Commerce's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $122.3 Mil.
* 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.
SPS Commerce (SPSC) has a EV-to-EBIT of 22.41 as of Aug. 19, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on SPS Commerce and its competitors. This is 69% below median its historical median of 72.01. Over the past decade, SPS Commerce's EV-to-EBIT has ranged from 15.13 to 172.37. According to the industry distribution chart, SPS Commerce ranks #1161 out of 1774 companies in the Software industry, placing it in the top 65.4%.
Is SPS Commerce's EV-to-EBIT too high?
SPS Commerce's current EV-to-EBIT of 22.41 is 69% below median its 10-year median of 72.01. Over the past 10 years, this metric has ranged from a low of 15.13 to a high of 172.37. The Software industry median EV-to-EBIT is 13.89. SPS Commerce's value of 22.41 is 61.4% above this industry median. Based on the distribution chart, SPS Commerce ranks #1161 out of 1774 companies in the Software industry, which is below the industry midpoint. Overall, SPS Commerce has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's EV-to-EBIT compare to PLUS and PDFS?
According to the Software industry distribution chart, SPS Commerce ranks #1161 out of 1774 companies for EV-to-EBIT. This places SPS Commerce in the lower half of its industry. The industry median EV-to-EBIT is 13.89. SPS Commerce's value of 22.41 is 61.4% above this benchmark. Historically, SPS Commerce's own EV-to-EBIT has ranged from 15.13 to 172.37 over the past decade. While the company's 10-year median is 72.01 vs. the industry median of 13.89, SPS Commerce has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 13.89, based on 1,774 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPS Commerce's current EV-to-EBIT of 22.41 is 61.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on SPS Commerce and its competitors. For the Software industry, the median EV-to-EBIT is 13.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPS Commerce's current EV-to-EBIT is 22.41, which is 69% below median its own 10-year median of 72.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is $181.43, compared to a current price of $80.80 — trading 55.5% below its estimated fair value. The current EV-to-EBIT is 22.41, which is 69% below median its 10-year median of 72.01 and 61.4% above the Software industry median of 13.89. SPS Commerce's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For SPS Commerce (SPSC), the current EV-to-EBIT is 22.41 as of Aug. 19, 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 SPS Commerce (SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of $80.80 is trading 55.5% below its estimated GF Value™ of $181.43.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for SPSC:
EV-to-EBIT: 22.41 (69% below median its 10-year median of 72.01)
GF Value™: $181.43 vs. price of $80.80 (55.5% below fair value)
Industry Position: 61.4% above the Software median (#1161 of 1774)
No single metric tells the full story. See the SPSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
84GF Score
Get the complete analysis for SPSC
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPSC has been successfully added to your 
