ShopifyLIM:SHOP 81 Market Cap is $151,644 Mil as of Jun. 27, 2026. GuruFocus rates LIM:SHOP with a GF Score™ of 81/100 and a GF Value™ of $135.34 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,928 Software companies, Shopify ranks better than 99.69% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Shopify's share price for the quarter that ended in Mar. 2026 was $124.1. Shopify's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 1,301 Mil. Therefore, Shopify's market cap for the quarter that ended in Mar. 2026 was $161,427 Mil.
Shopify's quarterly market cap
increased
from Sep. 2025 ($199,486 Mil) to Dec. 2025 ($222,968 Mil) but then
declined
from Dec. 2025 ($222,968 Mil) to Mar. 2026 ($161,427 Mil).
Shopify's annual market cap
stayed the same
from Dec. 2023 ($0 Mil) to Dec. 2024 ($0 Mil) but then
increased
from Dec. 2024 ($0 Mil) to Dec. 2025 ($222,968 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Shopify's Enterprise Value for Today is $146,080 Mil.
Shopify (LIM:SHOP) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Shopify Market Cap Related Terms
Shopify Market Cap Historical Data
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The historical data trend for Shopify's Market Cap 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, Shopify's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Software Industry
For the Software industry and Technology sector, Shopify's Market Cap distribution charts can be found below:
* The bar in red indicates where Shopify's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Shopify's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Shopify (LIM:SHOP) has a Market Cap of $151,644 Mil as of Jun. 27, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Shopify and its competitors. According to the industry distribution chart, Shopify ranks #9 out of 2928 companies in the Software industry, placing it in the top 0.3%.
Is Shopify's Market Cap too high?
Shopify's current Market Cap is $151,644 Mil. The Software industry median Market Cap is 65.79. Shopify's value of $151,644 Mil is 230397% above this industry median. Based on the distribution chart, Shopify ranks #9 out of 2928 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Shopify has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shopify's Market Cap compare to CRM and UBER?
According to the Software industry distribution chart, Shopify ranks #9 out of 2928 companies for Market Cap. This places Shopify in the top 0% of its industry — outperforming the majority of peers. The industry median Market Cap is 65.79. Shopify's value of $151,644 Mil is 230397% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Software company?
The median Market Cap among Software companies is 65.79, based on 2,928 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shopify's current Market Cap of $151,644 Mil is 230397% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Shopify and its competitors. For the Software industry, the median Market Cap is 65.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shopify's current Market Cap is $151,644 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shopify stock overvalued right now?
Based on GuruFocus' analysis, Shopify (LIM:SHOP) is currently considered Modestly Undervalued. The stock's GF Value™ is $135.34, compared to a current price of $111.00 — trading 18% below its estimated fair value. The current Market Cap is $151,644 Mil and 230397% above the Software industry median of 65.79. Shopify's overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Shopify (LIM:SHOP), the current Market Cap is $151,644 Mil as of Jun. 27, 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 Shopify (LIM:SHOP) Overvalued in 2026?
Based on GuruFocus' analysis, Shopify stock appears to be undervalued.
The current stock price of $111.00 is trading 18% below its estimated GF Value™ of $135.34.
GuruFocus considers Shopify to be Modestly Undervalued.
Key valuation signals for LIM:SHOP:
Market Cap: $151,644 Mil
GF Value™: $135.34 vs. price of $111.00 (18% below fair value)
Industry Position: 230397% above the Software median (#9 of 2928)
No single metric tells the full story. See the LIM:SHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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