Sps Commerce Inc (SPSC) valuation
Sps Commerce P/E ratio history
Sps Commerce trades at 39.9 times its earnings over the last twelve months and 16.1 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 36.2 (year to Dec 2025) to 218.4 (year to Dec 2016), with a median of 86.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $89.13 | $2.46 | 36.2 | 20.1 |
| Dec 31, 2024 | $183.99 | $2.04 | 90.2 | 48.6 |
| Dec 31, 2023 | $193.84 | $1.76 | 110.1 | 63.3 |
| Dec 31, 2022 | $128.43 | $1.49 | 86.2 | — |
| Dec 31, 2021 | $142.35 | $1.21 | 117.6 | 72.7 |
| Dec 31, 2020 | $108.59 | $1.26 | 86.2 | — |
| Dec 31, 2019 | $55.42 | $0.93 | 59.6 | — |
| Dec 31, 2018 | $41.19 | $0.68 | 60.6 | — |
| Dec 31, 2017 | $24.30 | $0.01 | n/m | — |
| Dec 31, 2016 | $34.95 | $0.16 | 218.4 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Sps Commerce valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Sps CommerceSPSC | $3.05B | 39.9 | 16.1 | 3.9 |
| Axcelis TechnologiesACLS | $3.08B | 33.5 | 21.4 | 3.6 |
| Acm Research Class AACMR | $3.01B | 21.7 | 16.6 | 2.9 |
| Cipher DigitalCIFR | $2.98B | — | — | 15.6 |
| Via TransportationVIA | $2.97B | — | 209.1 | 6.0 |
| Extreme NetworksEXTR | $2.95B | 58.0 | 15.9 | 2.2 |
| Osi SystemsOSIS | $3.18B | 22.2 | 17.5 | 1.8 |
| Alarm.ComALRM | $3.21B | 28.7 | 21.8 | 3.0 |
| IntappINTA | $3.23B | — | 24.2 | 5.4 |
| Peer median | 28.7 | 21.4 | 3.3 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: SPSC financials · SPSC returns
No forecast, no recommendation. This page describes Sps Commerce Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.