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SPS CommerceSPSC +0.13%90 Shiller PE Ratio is 58.19 as of Sep. 15, 2026, which is 73% below its 10-year median of 215.47. GuruFocus rates SPSC with a GF Score™ of 90/100 and a GF Value™ of $182.68 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,033 Software companies, SPS Commerce ranks worse than 77.06% on this metric.
As of today (2026-09-15), SPS Commerce's current share price is $83.215. SPS Commerce's E10 for the quarter that ended in Jun. 2026 was $1.43. SPS Commerce's Shiller PE Ratio for today is 58.19.
The historical rank and industry rank for SPS Commerce's Shiller PE Ratio or its related term are showing as below:
SPSC'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 36.55 Med: 215.47 Max: 835.92
Current: 58.19
During the past years, SPS Commerce's highest Shiller PE Ratio was 835.92. The lowest was 36.55. And the median was 215.47.
SPSC's Shiller PE Ratio is ranked worse than 77.06% of 1033
companies
in the Software industry
Industry Median: 26.74
vs SPSC: 58.19
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
SPS Commerce's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.190. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $1.43 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
SPS Commerce (NAS:SPSC) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
SPS Commerce Shiller PE Ratio Related Terms
SPS Commerce Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for SPS Commerce's Shiller PE 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.
SPSC vs SOUN, KC, ADEA: Shiller PE Ratio Comparison
For the Software - Application subindustry, SPS Commerce's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.
SPS Commerce Shiller PE Ratio vs Software Industry
For the Software industry and Technology sector, SPS Commerce's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where SPS Commerce's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
SPS Commerce's Shiller PE Ratio for today 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.
SPS Commerce's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, SPS Commerce's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
SPS Commerce (SPSC) has a Shiller PE Ratio of 58.19 as of Sep. 15, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SPS Commerce and its competitors. This is 73% below median its historical median of 215.47. Over the past decade, SPS Commerce's Shiller PE Ratio has ranged from 36.55 to 835.92. According to the industry distribution chart, SPS Commerce ranks #796 out of 1033 companies in the Software industry, placing it in the top 77.1%.
Is SPS Commerce's Shiller PE Ratio too high?
SPS Commerce's current Shiller PE Ratio of 58.19 is 73% below median its 10-year median of 215.47. Over the past 10 years, this metric has ranged from a low of 36.55 to a high of 835.92. The Software industry median Shiller PE Ratio is 26.74. SPS Commerce's value of 58.19 is 117.6% above this industry median. Based on the distribution chart, SPS Commerce ranks #796 out of 1033 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, SPS Commerce has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's Shiller PE Ratio compare to SOUN and KC?
According to the Software industry distribution chart, SPS Commerce ranks #796 out of 1033 companies for Shiller PE Ratio. This places SPS Commerce in the lower half of its industry. The industry median Shiller PE Ratio is 26.74. SPS Commerce's value of 58.19 is 117.6% above this benchmark. Historically, SPS Commerce's own Shiller PE Ratio has ranged from 36.55 to 835.92 over the past decade. While the company's 10-year median is 215.47 vs. the industry median of 26.74, SPS Commerce 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 Shiller PE Ratio for a Software company?
The median Shiller PE Ratio among Software companies is 26.74, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPS Commerce's current Shiller PE Ratio of 58.19 is 117.6% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SPS Commerce and its competitors. For the Software industry, the median Shiller PE Ratio is 26.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPS Commerce's current Shiller PE Ratio is 58.19, which is 73% below median its own 10-year median of 215.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is $182.68, compared to a current price of $83.22 — trading 54.4% below its estimated fair value. The current Shiller PE Ratio is 58.19, which is 73% below median its 10-year median of 215.47 and 117.6% above the Software industry median of 26.74. SPS Commerce's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For SPS Commerce (SPSC), the current Shiller PE Ratio is 58.19 as of Sep. 15, 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 SPS Commerce (SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of $83.22 is trading 54.4% below its estimated GF Value™ of $182.68.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for SPSC:
Shiller PE Ratio: 58.19 (73% below median its 10-year median of 215.47)
GF Value™: $182.68 vs. price of $83.22 (54.4% below fair value)
Industry Position: 117.6% above the Software median (#796 of 1033)
No single metric tells the full story. See the SPSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
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