Valuation

SPOTSpotify Technology SA

StockNYSESwedenCommunication servicesEU retail investors: available

+1.0% today · −1.3% over a year

4/10 A 1–10 summary of how an instrument compares with similar ones (same sector and region) by published rules. It describes today's data; it is not a price forecast. More in the glossary → «Balanced» — higher than 43% of the instruments we score

Quality: among the best of its peers; priced higher than most peers (P/E 50.6). No dividend.

Spotify Technology SA (SPOT) valuation against sector peers: P/E 50.6 (sector median 16.9), P/B 13.4, EV/EBIT 47.3, free-cash-flow yield 2.6%, P/S 6.5.

Ratios vs sector

Medians of Communication services companies in the same region (stocks and REITs).

Lower P/E, P/B, P/S and EV/EBIT mean cheaper; higher yields, returns and margins mean more for the price. Negative multiples (losses) are left out of the medians.
MetricSPOTSector medianvs median
P/E50.616.9 · n=16199% above
P/B13.41.4 · n=19839% above
P/S6.51.3 · n=22411% above
EV/EBIT47.319.6 · n=14142% above
Free-cash-flow yield2.6%7.4% · n=2165% below
Dividend yield0.00%2.23% · n=61100% below
Return on equity31.9%8.7% · n=25266% above
Return on invested capital64.2%7.6% · n=25741% above
Gross margin32.0%55.4% · n=2342% below
Net debt / EBITDA−3.482.01 · n=24273% below

Value factor: 16 of 100 within the peer group. Full score breakdown →

Sector peers

The largest companies of the same sector and region.

NTESNetEase Inc16.43.4—9.0%2.3%—/10
BCEBCE Inc.4.51.2—11.7%5.9%2/10
RCIRogers Communication Inc.3.71.47.38.6%3.3%3/10
TIGOMillicom International Cellular S.A.11.14.012.27.4%4.9%7/10
TUTelus Corporation17.51.220.811.0%8.3%1/10
PSOPearson Plc24.32.218.4—2.0%9/10
WPPWPP plc—1.818.114.2%3.6%—/10
JOYYJOYY2.10.760.93.7%6.6%5/10
LIONLionsgate Studios Corp——27.73.5%0.0%1/10
LBTYBLiberty Global Ltd.—0.4—−0.7%0.0%1/10

Fiscal-year history

From annual SEC filings; each bar is a fiscal year, labelled by the year it ended.

Filings: U.S. SEC EDGAR · ratios computed by AI-Stock Invest from public filings and end-of-day prices · latest period 31 Dec 2025 · filed 10 Feb 2026