Shopify's 15.14X P/S Suggests Premium Valuation: Buy the Stock?

Key Takeaways Shopify trades at a steep premium with a 12-month forward P/S of 15.14X versus sector and industry averages. Shopify shares have gained 43.8% YTD, outperforming the broader sector, the industry and key peers. Expanding merchant base, AI tools and global footprint drive Shopify's revenue and margin growth. Shopify (SHOP) shares are currently trading at a premium, as suggested by the Value Score of F. The stock is trading at a premium, with a forward 12-month price/sales (P/S) of 15.14X compared ...