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Spotify Technology SPOT

$506.26
−$4.14 (-0.81%)
Market open · Sep 24, 2:00 pm ET
After hours $510.50 +0.02%
Open$507.39
Prev close$510.40
Day range$503.17 – $512.46
Volume478.1K
Market cap$104.08B
P/E (TTM)28.0
Dividend yield–

Valuation

Multiples measured against the stock's own five-year history

Price / earnings29.3x
CheapRich

Around its usual level · 60th percentile, 5-year average -22.3x

#2044 of 2974 stocks by PE (1 = cheapest)

Price / book11.4x
CheapRich

Around its usual level · 46th percentile, 5-year average 13.1x

#4908 of 5302 stocks by PB (1 = cheapest)

Price / sales5.3x
CheapRich

Above its usual level · 74th percentile, 5-year average 4.1x

#3890 of 5139 stocks by PS (1 = cheapest)

P/E over five years

-541x-291x-40x210xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$560.00
Price vs. fair value-9.6%Trading below the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyHigh
MultipleCurrent5y averagePercentile vs. own historyIndustry rank
PB 11.43 13.09 46% (cheaper than usual) #4908 of 5302 (1 = cheapest)
PE 29.29 -22.32 60% (pricier than usual) #2044 of 2974 (1 = cheapest)
PS 5.28 4.06 74% (pricier than usual) #3890 of 5139 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies.

Morningstar view

Star rating★★★
Fair value estimate$560.00
Economic moatNarrow
UncertaintyHigh
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