The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Spotify Technology's share price is MXN8041.50.
Spotify Technology's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was MXN1,779.70. Hence, Spotify Technology's PS Ratio for today is 4.52.
Good Sign:
Spotify Technology SA stock PS Ratio (=4.73) is close to 1-year low of 4.29.
The historical rank and industry rank for Spotify Technology's PS Ratio or its related term are showing as below:
MEX:SPOT N'
s PS Ratio Range Over the Past 10 Years
Min: 1.16 Med: 4.17 Max: 9.2
Current: 4.73
During the past 11 years, Spotify Technology's highest PS Ratio was 9.20. The lowest was 1.16. And the median was 4.17.
MEX:SPOT N's PS Ratio is ranked worse than 76.65% of 544
companies
in the Interactive Media industry
Industry Median: 1.64
vs MEX:SPOT N: 4.73
During the past 12 months, the average Revenue per Share Growth Rate of Spotify Technology was 15.90% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 14.70% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 13.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 20.60% per year.
During the past 11 years, Spotify Technology's highest 3-Year average Revenue per Share Growth Rate was 37.90% per year. The lowest was 12.10% per year. And the median was 17.35% per year.
Back to Basics: PS Ratio
Spotify Technology (MEX:SPOT N) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Spotify Technology PS Ratio Related Terms
Spotify Technology PS Ratio Historical Data
* Premium members only.
The historical data trend for Spotify Technology's PS Ratio 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.
MEX:SPOT N vs NBIS, BIDU, RDDT: PS Ratio Comparison
For the Internet Content & Information subindustry, Spotify Technology's PS Ratio, along with its competitors' market caps and PS Ratio 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.
Spotify Technology PS Ratio vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's PS Ratio distribution charts can be found below:
* The bar in red indicates where Spotify Technology's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Spotify Technology's Share Price of today is MXN8041.50. Spotify Technology's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN1,779.70.
* 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.
It can also be calculated from the numbers for the whole company:
Spotify Technology (MEX:SPOT N) has a PS Ratio of 4.52 as of Jun. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Spotify Technology and its competitors. This is near median its historical median of 4.17. Over the past decade, Spotify Technology's PS Ratio has ranged from 1.16 to 9.20. According to the industry distribution chart, Spotify Technology ranks #417 out of 544 companies in the Interactive Media industry, placing it in the top 76.7%.
Is Spotify Technology's PS Ratio too high?
Spotify Technology's current PS Ratio of 4.52 is near median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 9.20. The Interactive Media industry median PS Ratio is 1.64. Spotify Technology's value of 4.52 is 175.6% above this industry median. Based on the distribution chart, Spotify Technology ranks #417 out of 544 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Spotify Technology has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's PS Ratio compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #417 out of 544 companies for PS Ratio. This places Spotify Technology in the lower half of its industry. The industry median PS Ratio is 1.64. Spotify Technology's value of 4.52 is 175.6% above this benchmark. Historically, Spotify Technology's own PS Ratio has ranged from 1.16 to 9.20 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 1.64, Spotify Technology 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 PS Ratio for an Interactive Media company?
The median PS Ratio among Interactive Media companies is 1.64, based on 544 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spotify Technology's current PS Ratio of 4.52 is 175.6% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Spotify Technology and its competitors. For the Interactive Media industry, the median PS Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current PS Ratio is 4.52, which is near median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Based on GuruFocus' analysis, Spotify Technology (MEX:SPOT N) is currently considered Fairly Valued. The stock's GF Value™ is MXN8,564.70, compared to a current price of MXN8,041.50 — trading 6.1% below its estimated fair value. The current PS Ratio is 4.52, which is near median its 10-year median of 4.17 and 175.6% above the Interactive Media industry median of 1.64. Spotify Technology'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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Spotify Technology (MEX:SPOT N), the current PS Ratio is 4.52 as of Jun. 29, 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 Spotify Technology (MEX:SPOT N) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued.
The current stock price of MXN8,041.50 is trading 6.1% below its estimated GF Value™ of MXN8,564.70.
GuruFocus considers Spotify Technology to be Fairly Valued.
Key valuation signals for MEX:SPOT N:
PS Ratio: 4.52 (near median its 10-year median of 4.17)
GF Value™: MXN8,564.70 vs. price of MXN8,041.50 (6.1% below fair value)
Industry Position: 175.6% above the Interactive Media median (#417 of 544)
No single metric tells the full story. See the MEX:SPOT N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
81GF Score
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