SHOP (Shopify) EV-to-EBIT : 135.73 (As of Jul. 22, 2025)

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What is Shopify EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Shopify's Enterprise Value is $161,786 Mil. Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $1,192 Mil. Therefore, Shopify's EV-to-EBIT for today is 135.73.

The historical rank and industry rank for Shopify's EV-to-EBIT or its related term are showing as below:

SHOP' s EV-to-EBIT Range Over the Past 10 Years
Min: -1517.17 Med: -94.38 Max: 1296.37
Current: 135.73

During the past 13 years, the highest EV-to-EBIT of Shopify was 1296.37. The lowest was -1517.17. And the median was -94.38.

SHOP's EV-to-EBIT is ranked worse than
90.18% of 1761 companies
in the Software industry
Industry Median: 19.15 vs SHOP: 135.73

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Shopify's Enterprise Value for the quarter that ended in Mar. 2025 was $119,469 Mil. Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 was $1,192 Mil. Shopify's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 1.00%.

Shopify EV-to-EBIT Historical Data

The historical data trend for Shopify'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.

* Premium members only.

Shopify EV-to-EBIT Chart

Shopify Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

EV-to-EBIT

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530.32

52.43

-49.23

-1,218.85

125.27

Shopify Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
EV-to-EBIT	Get a 7-Day Free Trial															468.04	111.34	110.75	125.27	102.72

Competitive Comparison of Shopify's EV-to-EBIT

For the Software - Application subindustry, Shopify'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.

Shopify's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Shopify's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Shopify's EV-to-EBIT falls into.

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Shopify EV-to-EBIT Calculation

Shopify's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	161786.436	/	1192
	=	135.73

Shopify's current Enterprise Value is $161,786 Mil.
Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,192 Mil.

Shopify (NAS:SHOP) EV-to-EBIT Explanation

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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Shopify's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2025 )	=	EBIT	/	Enterprise Value (Q: Mar. 2025 )
	=	1192	/	119469.10292
	=	1.00 %

Shopify's Enterprise Value for the quarter that ended in Mar. 2025 was $119,469 Mil.
Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,192 Mil.

Shopify EV-to-EBIT Related Terms

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Shopify Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NAS:SHOP) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

SHOP N:Mexico 0VHA:UK 307:Germany SHOP:Canada S2HO34:Brazil 307:Bulgaria

Address

151 O\'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P 2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.