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Spotify Technology SPOT

$603.01 −$11.40 (-1.86%)
Market closed · Nov 6, 10:10 pm ET · Last extended-hours $603.01 0.00%
Open$592.23
Prev close$614.41
Day range$589.50 – $610.82
Volume1.84M
Market cap$123.93B
P/E (TTM)38.1
Dividend yield–

Valuation

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

Price / earnings37.6x
CheapRich

Above its usual level · 65th percentile, 5-year average -18.8x

#2327 of 2972 stocks by PE (1 = cheapest)

Price / book12.5x
CheapRich

Around its usual level · 51st percentile, 5-year average 13.1x

#4984 of 5311 stocks by PB (1 = cheapest)

Price / sales5.8x
CheapRich

Above its usual level · 77th percentile, 5-year average 4.1x

#4056 of 5150 stocks by PS (1 = cheapest)

P/E over five years

-551x-296x-40x215xSep '21Apr '24Nov '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+7.7%Trading above the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyHigh
MultipleCurrentForward5y averagePercentile vs. own historyIndustry rank
PB 12.48 – 13.14 51% (pricier than usual) #4984 of 5311 (1 = cheapest)
PE 37.59 36.98 -18.82 65% (pricier than usual) #2327 of 2972 (1 = cheapest)
PS 5.81 5.05 4.09 77% (pricier than usual) #4056 of 5150 (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. Forward multiples use consensus estimates for the next twelve months; a forward multiple below the current one usually signals analysts expect earnings to grow.

Morningstar view

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

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