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 CommerceMIL:1SPSC 67 EV-to-EBITDA is 15.04 as of Aug. 20, 2026, which is 67% below its 10-year median of 45.83. GuruFocus rates MIL:1SPSC with a GF Score™ of 67/100 and a GF Value™ of €151.92 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,965 Software companies, SPS Commerce ranks worse than 63.77% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, SPS Commerce's enterprise value is €2,368.7 Mil.
SPS Commerce's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €157.5 Mil. Therefore, SPS Commerce's EV-to-EBITDA for today is 15.04.
The historical rank and industry rank for SPS Commerce's EV-to-EBITDA or its related term are showing as below:
MIL:1SPSC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10 Med: 45.83 Max: 78.29
Current: 14.97
During the past 13 years, the highest EV-to-EBITDA of SPS Commerce was 78.29. The lowest was 10.00. And the median was 45.83.
MIL:1SPSC's EV-to-EBITDA is ranked worse than 63.77% of 1965
companies
in the Software industry
Industry Median: 10.39
vs MIL:1SPSC: 14.97
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
SPS Commerce's PE Ratio (TTM) for today is calculated as:
SPS Commerce's share price for today is €67.64.
SPS Commerce's Earnings per Share (Diluted) 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 €1.775.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for SPS Commerce's EV-to-EBITDA 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.
MIL:1SPSC vs PLUS, PDFS, INTA: EV-to-EBITDA Comparison
For the Software - Application subindustry, SPS Commerce's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Software Industry
For the Software industry and Technology sector, SPS Commerce's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SPS Commerce's EV-to-EBITDA falls into.
SPS Commerce's current Enterprise Value is €2,368.7 Mil.
SPS Commerce's EBITDA 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 €157.5 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 (MIL:1SPSC) has a EV-to-EBITDA of 15.04 as of Aug. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SPS Commerce. This is 67% below median its historical median of 45.83. Over the past decade, SPS Commerce's EV-to-EBITDA has ranged from 10.00 to 78.29. According to the industry distribution chart, SPS Commerce ranks #1253 out of 1965 companies in the Software industry, placing it in the top 63.8%.
Is SPS Commerce's EV-to-EBITDA too high?
SPS Commerce's current EV-to-EBITDA of 15.04 is 67% below median its 10-year median of 45.83. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 78.29. The Software industry median EV-to-EBITDA is 10.39. SPS Commerce's value of 15.04 is 44.8% above this industry median. Based on the distribution chart, SPS Commerce ranks #1253 out of 1965 companies in the Software industry, which is below the industry midpoint. Overall, SPS Commerce has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's EV-to-EBITDA compare to PLUS and PDFS?
According to the Software industry distribution chart, SPS Commerce ranks #1253 out of 1965 companies for EV-to-EBITDA. This places SPS Commerce in the lower half of its industry. The industry median EV-to-EBITDA is 10.39. SPS Commerce's value of 15.04 is 44.8% above this benchmark. Historically, SPS Commerce's own EV-to-EBITDA has ranged from 10.00 to 78.29 over the past decade. While the company's 10-year median is 45.83 vs. the industry median of 10.39, 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-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.39, based on 1,965 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPS Commerce's current EV-to-EBITDA of 15.04 is 44.8% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SPS Commerce. For the Software industry, the median EV-to-EBITDA is 10.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPS Commerce's current EV-to-EBITDA is 15.04, which is 67% below median its own 10-year median of 45.83. 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 (MIL:1SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is €151.92, compared to a current price of €67.64 — trading 55.5% below its estimated fair value. The current EV-to-EBITDA is 15.04, which is 67% below median its 10-year median of 45.83 and 44.8% above the Software industry median of 10.39. SPS Commerce's overall GF Score™ is 67/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For SPS Commerce (MIL:1SPSC), the current EV-to-EBITDA is 15.04 as of Aug. 20, 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 (MIL:1SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of €67.64 is trading 55.5% below its estimated GF Value™ of €151.92.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for MIL:1SPSC:
EV-to-EBITDA: 15.04 (67% below median its 10-year median of 45.83)
GF Value™: €151.92 vs. price of €67.64 (55.5% below fair value)
Industry Position: 44.8% above the Software median (#1253 of 1965)
No single metric tells the full story. See the MIL:1SPSC 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.
67GF Score
Get the complete analysis for MIL:1SPSC
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:1SPSC has been successfully added to your 
