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Shoper Valuation Multiples
Discover revenue and EBITDA valuation multiples for Shoper and similar public comparables like Coveo Solutions, Locaweb, Commerce.com, BASE and more.
Shoper Overview
About Shoper
Shoper SA is a leader on the Polish market of software vendors for e-commerce in the SaaS model. It enables entrepreneurs to conveniently, quickly and easily set up own online store and conduct sales in the online channel. The comprehensive offer of the company consists of the Shoper platform available as a subscription, allowing for flexible adaptation to the needs of a given client, and a number of services sold in the pay-as-you-grow model, directly correlated with the number of orders or turnover generated through stores on the platform.
Founded
2005
HQ

Employees
N/A
Website
Financials (LTM)
EV
$327M
Shoper Financials
Shoper reported last 12-month revenue of $60M and EBITDA of $22M.
In the same LTM period, Shoper generated $22M in EBITDA and $12M in net income.
Revenue (LTM)
Shoper P&L
In the most recent fiscal year, Shoper reported revenue of $51M and EBITDA of $18M.
Shoper expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $60M | XXX | $51M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $41M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 79% | XXX | XXX | XXX |
| EBITDA | $22M | XXX | $18M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $12M | XXX | $10M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 20% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Shoper Stock Performance
Shoper has current market cap of $331M, and enterprise value of $327M.
Market Cap Evolution
Shoper's stock price is $11.75.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $327M | $331M | -1.1% | XXX | XXX | XXX | $0.36 |
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Start Free TrialShoper Valuation Multiples
Shoper trades at 5.5x EV/Revenue multiple, and 15.1x EV/EBITDA.
EV / Revenue (LTM)
Shoper Financial Valuation Multiples
As of March 15, 2026, Shoper has market cap of $331M and EV of $327M.
Equity research analysts estimate Shoper's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Shoper has a P/E ratio of 26.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $331M | XXX | $331M | XXX | XXX | XXX |
| EV (current) | $327M | XXX | $327M | XXX | XXX | XXX |
| EV/Revenue | 5.5x | XXX | 6.4x | XXX | XXX | XXX |
| EV/EBITDA | 15.1x | XXX | 18.2x | XXX | XXX | XXX |
| EV/EBIT | 21.0x | XXX | 26.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 8.0x | XXX | XXX | XXX |
| P/E | 26.8x | XXX | 33.0x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 26.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Shoper Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Shoper Margins & Growth Rates
Shoper's revenue in the last 12 month grew by 15%.
Shoper's rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Shoper's rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Shoper Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 15% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 35% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 56% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Shoper Public Comps
See public comps and valuation multiples for other E-commerce Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Coveo Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| Locaweb | XXX | XXX | XXX | XXX | XXX | XXX |
| Commerce.com | XXX | XXX | XXX | XXX | XXX | XXX |
| BASE | XXX | XXX | XXX | XXX | XXX | XXX |
| A2Z Cust2Mate | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Shoper M&A Activity
Shoper acquired XXX companies to date.
Last acquisition by Shoper was on XXXXXXXX, XXXXX. Shoper acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Shoper
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialShoper Investment Activity
Shoper invested in XXX companies to date.
Shoper made its latest investment on XXXXXXXX, XXXXX. Shoper invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Shoper
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Shoper
| When was Shoper founded? | Shoper was founded in 2005. |
| Where is Shoper headquartered? | Shoper is headquartered in Poland. |
| Is Shoper publicly listed? | Yes, Shoper is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Shoper? | Shoper trades under SHO ticker. |
| When did Shoper go public? | Shoper went public in 2021. |
| Who are competitors of Shoper? | Shoper main competitors are Coveo Solutions, Locaweb, Commerce.com, BASE. |
| What is the current market cap of Shoper? | Shoper's current market cap is $331M. |
| What is the current revenue of Shoper? | Shoper's last 12 months revenue is $60M. |
| What is the current revenue growth of Shoper? | Shoper revenue growth (NTM/LTM) is 15%. |
| What is the current EV/Revenue multiple of Shoper? | Current revenue multiple of Shoper is 5.5x. |
| Is Shoper profitable? | Yes, Shoper is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Shoper? | Shoper's last 12 months EBITDA is $22M. |
| What is Shoper's EBITDA margin? | Shoper's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Shoper? | Current EBITDA multiple of Shoper is 15.1x. |
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