Spotify Technology (MEX:SPOT N) ROE % Adjusted to Book Value: 3.32% (As of Mar. 2026)


MEX:SPOT N Spotify Technology SA MEX:SPOT N
80 GF Score
Price MXN7,843.09
GF Value MXN8,709.51
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Spotify Technology ROE % Adjusted to Book Value?

Spotify Technology MEX:SPOT N -1.82% 80 ROE % Adjusted to Book Value is 3.32% as of Mar. 2026. GuruFocus rates MEX:SPOT N with a GF Score™ of 80/100 and a GF Value™ of MXN8,709.51 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Spotify Technology's ROE % for the quarter that ended in Mar. 2026 was 35.10%. Spotify Technology's PB Ratio for the quarter that ended in Mar. 2026 was 10.57. Spotify Technology's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 3.32%.


Spotify Technology ROE % Adjusted to Book Value Related Terms


Spotify Technology ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Spotify Technology's ROE % Adjusted to Book Value 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.

Spotify Technology ROE % Adjusted to Book Value Chart

Spotify Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.07 -3.02 -1.51 1.90 2.58

Spotify Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.93 -0.26 3.25 4.73 3.32

MEX:SPOT N vs NBIS, BIDU, RDDT: ROE % Adjusted to Book Value Comparison

For the Internet Content & Information subindustry, Spotify Technology's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Spotify Technology's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Spotify Technology's ROE % Adjusted to Book Value falls into.


MEX:SPOT N
80GF Score
Spotify Technology SA MEX:SPOT N
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spotify Technology ROE % Adjusted to Book Value Calculation

Spotify Technology's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=31.48% / 12.20
=2.58%

Spotify Technology's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=35.10% / 10.57
=3.32%

* 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.

What does a ROE % Adjusted to Book Value of 3.32% mean?
Spotify Technology (MEX:SPOT N) has a ROE % Adjusted to Book Value of 3.32% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's ROE % Adjusted to Book Value too high?
Spotify Technology's current ROE % Adjusted to Book Value is 3.32%. Overall, Spotify Technology has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's ROE % Adjusted to Book Value compare to NBIS and BIDU?
Spotify Technology's ROE % Adjusted to Book Value of 3.32% can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Interactive Media company?
A good ROE % Adjusted to Book Value depends on the Interactive Media industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Spotify Technology and its competitors. Spotify Technology's current ROE % Adjusted to Book Value is 3.32%. 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 Modestly Undervalued. The stock's GF Value™ is MXN8,709.51, compared to a current price of MXN7,843.09 — trading 9.9% below its estimated fair value. The current ROE % Adjusted to Book Value is 3.32%. Spotify Technology's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Spotify Technology (MEX:SPOT N), the current ROE % Adjusted to Book Value is 3.32% as of Mar. 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 MXN7,843.09 is trading 9.9% below its estimated GF Value™ of MXN8,709.51. GuruFocus considers Spotify Technology to be Modestly Undervalued.

Key valuation signals for MEX:SPOT N:

  • ROE % Adjusted to Book Value: 3.32%
  • GF Value™: MXN8,709.51 vs. price of MXN7,843.09 (9.9% below fair value)
  • GF Score™: 80/100 with 2 warning signs

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 Technology Business Description

Address Regeringsgatan 19, Stockholm, SWE, 111 53
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.
80GF Score

Get the complete analysis for MEX:SPOT N

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN7,843.09
Price
MXN8,709.51
GF Value