Shopify (Shopify) Price-to-Tangible-Book

: 10.39 (As of Today)

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As of today (2024-04-18), Shopify's share price is $69.51. Shopify's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $6.69. Hence, Shopify's Price to Tangible Book Ratio of today is 10.39.

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

SHOP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 7.36 Med: 11.03 Max: 23.3
Current: 10.39

During the past 12 years, Shopify's highest Price to Tangible Book Ratio was 23.30. The lowest was 7.36. And the median was 11.03.

SHOP's Price-to-Tangible-Book is ranked worse than
78.74% of 2088 companies
in the Software industry
Industry Median: 3.53 vs SHOP: 10.39

A closely related ratio is called PB Ratio. As of today, Shopify's share price is $69.51. Shopify's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.05. Hence, Shopify's P/B Ratio of today is 9.86.

Shopify Price-to-Tangible-Book Historical Data

The historical data trend for Shopify's Price-to-Tangible-Book 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

18.25

23.30

16.30

7.36

11.64

Shopify Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																7.36	9.86	11.82	8.96	11.64

Competitive Comparison

For the Software - Application subindustry, Shopify's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

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

* The bar in red indicates where Shopify's Price-to-Tangible-Book falls into.

Shopify Price-to-Tangible-Book Calculation

Shopify's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	69.51	/	6.692
	=	10.39

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Shopify Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Shopify's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Shopify (Shopify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NYSE:SHOP) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SHOP:Mexico 307:Germany 307:Germany SHOP:Canada S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

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.