Shopify (LIM:SHOP) Inventories, Work In Process: $0 Mil (As of Mar. 2026)


LIM:SHOP Shopify Inc LIM:SHOP
76 GF Score
Price $111.00
GF Value $141.69
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Shopify Inventories, Work In Process?

Shopify LIM:SHOP 76 Inventories, Work In Process is $0 Mil as of Mar. 2026. GuruFocus rates LIM:SHOP with a GF Score™ of 76/100 and a GF Value™ of $141.69 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Shopify's work in process for the quarter that ended in Mar. 2026 was $0 Mil.

Shopify Inventories, Work In Process Historical Data

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The historical data trend for Shopify's Inventories, Work In Process 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.

Shopify Inventories, Work In Process Chart

Shopify Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Work In Process
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Shopify Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Work In Process 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 0.00 0.00 0.00 0.00 0.00
LIM:SHOP
76GF Score
Shopify Inc LIM:SHOP
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
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Shopify Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of $0 Mil mean?
Shopify (LIM:SHOP) has a Inventories, Work In Process of $0 Mil as of Mar. 2026. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Shopify and its competitors.
Is Shopify's Inventories, Work In Process too high?
Shopify's current Inventories, Work In Process is $0 Mil. Overall, Shopify has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shopify's Inventories, Work In Process compare to CRM and UBER?
Shopify's Inventories, Work In Process of $0 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Work In Process for a Software company?
A good Inventories, Work In Process depends on the Software industry context. However, Inventories, Work In Process 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 Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Shopify and its competitors. Shopify's current Inventories, Work In Process is $0 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 $141.69, compared to a current price of $111.00 — trading 21.7% below its estimated fair value. The current Inventories, Work In Process is $0 Mil. Shopify's overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For Shopify (LIM:SHOP), the current Inventories, Work In Process is $0 Mil 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 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 21.7% below its estimated GF Value™ of $141.69. GuruFocus considers Shopify to be Modestly Undervalued.

Key valuation signals for LIM:SHOP:

  • Inventories, Work In Process: $0 Mil
  • GF Value™: $141.69 vs. price of $111.00 (21.7% below fair value)
  • GF Score™: 76/100 with 2 warning signs

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 Business Description

Address 151 O\'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P 2L8
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.
76GF Score

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Inventories, Work In Process is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$111.00
Price
$141.69
GF Value