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Spotify Technology S.A. SPOT NYSE

NYSE • Communication Services • Internet Content & Information • LU • USD

SharesGrow Score
73/100
5/7 Pass
SharesGrow Intrinsic Value
$418.77
-18.1%
Analyst Price Target
$650.64
+27.2%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Spotify Technology S.A. (SPOT) trades at a trailing P/E of 38.3, forward P/E of 38.8. Trailing earnings yield is 2.61%, forward earnings yield 2.58%. PEG 0.42 (Peter Lynch undervalued ≤1.0). Graham Number is $98.94.

Criteria proven by this page:

  • VALUE (71/100, Pass) — PEG ≤ 1.0 — Peter Lynch undervalued (0.42); analyst target implies upside (+27.2%).
  • PEG Ratio 0.42 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 2.61% — below bond yields — investors are paying a premium for expected growth rather than current earnings.
  • Analyst consensus target $650.64 (+27.2% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 73/100 with 5/7 criteria passed.

SharesGrow 7-Criteria Score
73/100
SG Score
View full scorecard →
VALUE
71/100
Price-to-Earnings & upside
Proven by this page
FUTURE
67/100
Analyst consensus
→ Forecast
~
PAST
50/100
→ Income
HEALTH
100/100
Debt-to-Equity & liquidity
→ Health
MOAT
76/100
→ Income
GROWTH
90/100
→ Income
~
INCOME
55/100
→ Income

Valuation Snapshot — SPOT

Valuation Multiples
P/E (TTM)38.3
Forward P/E38.8
PEG Ratio0.42
Forward PEG1.53
P/B Ratio10.17
P/S Ratio4.93
EV/EBITDA34.7
Per Share Data
EPS (TTM)$10.75
Forward EPS (Est.)$13.17
Book Value / Share$40.47
Revenue / Share$83.52
FCF / Share$13.96
Yields & Fair Value
Earnings Yield2.61%
Forward Earnings Yield2.58%
Dividend Yield0.00%
Graham Number$98.94
SharesGrow IV$418.77 (-18.1%)
Analyst Target$650.64 (+27.2%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -44.0 -0.33 -98.42 8.04 -
2017 -17.9 -0.15 90.54 5.41 -
2018 -224.8 2.40 8.37 3.33 -
2019 -129.7 -0.97 11.98 3.57 -
2020 -83.1 -0.41 17.24 6.13 -
2021 -1,158.0 12.29 18.52 4.07 -
2022 -33.1 -0.03 5.97 1.21 -
2023 -62.2 -2.78 13.07 2.50 -
2024 76.2 -0.25 15.69 5.53 -
2025 45.9 0.51 12.19 5.91 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-3.21 $2.95B $-539M -18.3%
2017 $-6.93 $4.09B $-1.24B -30.2%
2018 $-0.43 $5.26B $-78M -1.5%
2019 $-1.03 $6.76B $-186M -2.7%
2020 $-3.10 $7.88B $-581M -7.4%
2021 $-0.18 $9.67B $-34M -0.4%
2022 $-2.20 $11.73B $-430M -3.7%
2023 $-2.73 $13.25B $-532M -4%
2024 $5.50 $15.67B $1.14B 7.3%
2025 $10.51 $17.19B $2.21B 12.9%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $12.94 $10.97 – $19.32 $19.46B $19.04B – $19.94B 22
2027 $16.17 $14.18 – $22.49 $22.16B $19.85B – $23.4B 19
2028 $19.36 $16.47 – $24.11 $24.95B $23.72B – $25.85B 16
2029 $18.55 $17.32 – $19.38 $27.16B $25.82B – $28.14B 14
2030 $18.64 $17.41 – $19.48 $28.82B $27.4B – $29.86B 14
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