Forbes·2025-12-03 15:05Group 1 - AppLovin (APP) has outperformed Shopify (SHOP) in 2023, showing stronger fundamentals at a lower price [2][3] - APP has a lower Price to Operating Income (P/OpInc) ratio compared to Shopify, while exhibiting higher revenue and operating income growth [3] - The current valuation discrepancy between APP and SHOP suggests that investing in APP may be more favorable [3] Group 2 - Analyzing the performance of Shopify over the past year is crucial to understanding its current valuation and potential adjustments [7] - If Shopify continues to underperform in revenue and operating income growth, it may indicate that the stock is overvalued compared to its peers [7] - A comprehensive assessment of investments is necessary, considering multiple metrics beyond just valuation [8]