SPS Commerce Stock

SPS Commerce EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of SPS Commerce (SPSC) as of Aug 13, 2026 is 18.32. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 24.39 — a change of -24.87% (lower).

EV/EBIT

18.32

YoY

-24.87%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of SPS Commerce is 2026 18.32 . EV/EBIT (Enterprise Value to EBIT) of SPS Commerce was 2025 24.39 . It decreases by -24.87% lower compared to the previous year.

The SPS Commerce EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

PRICE-TO-EBIT
Date
PRICE-TO-EBIT
Jan 1, 2019
52.17 base
Jan 1, 2020
79.52 base
Jan 1, 2021
96.01 base
Jan 1, 2022
66.70 base
Jan 1, 2023
94.45 base
Jan 1, 2024
78.36 base
Jan 1, 2025
28.45 base
Jan 1, 2026 (e)
22.85 base
YEARPRICE-TO-EBIT
2026 est 22.85
2025 28.45
2024 78.36
2023 94.45
2022 66.70
2021 96.01
2020 79.52
2019 52.17
2018 54.62
2017 99.88
2016 161.46
2015 171.05
2014 218.07
2013 -
2012 367.86
2011 295.42
2010 65.36
2009 -
2008 -
2007 -
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SPS Commerce Valuation

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides SPS Commerce's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates SPS Commerce's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots SPS Commerce's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if SPS Commerce grows earnings faster than its peers.

SPS Commerce Stock analysis

What does SPS Commerce do? SPS Commerce Inc is a company in the cloud-based supply chain solutions sector, headquartered in Minneapolis, Minnesota, USA. It was founded in 1987 by Archie Black as Software Development Labs and has since become a major player in the e-commerce industry. SPS Commerce's business model is to offer a wide range of solutions that improve and optimize the performance of trading partners in the supply chain. Key solutions include order fulfillment, advanced analytics, integration, collaboration, IoT, and optimization. The company relies on a cloud-based software-as-a-service platform that allows customers to access the solutions anytime, anywhere. At the same time, SPS Commerce provides specialized solutions for various industries and markets, including retail, food, healthcare, logistics, and automotive, to name a few. The company has a team of industry experts who support customers in streamlining and optimizing their business processes. One of SPS Commerce's main divisions is order fulfillment, which helps companies process orders quickly and efficiently. The solutions include order confirmation, shipment notification, invoice verification, and payment processing. Companies can make their supply chain and inventory management more effective with SPS Commerce's platform. Another important area is advanced analytics, which allows companies to collect, analyze, and visualize data from their supply chain to make better business decisions. SPS Commerce's solutions are specifically tailored to the needs of companies and allow for inventory optimization and order planning. SPS Commerce also offers a range of integration solutions that allow companies to communicate seamlessly with trading partners and suppliers. The solutions include various integration protocols such as EDI, API, XML, and flat file. Companies can quickly and easily communicate with trading partners around the world. Collaboration reflects SPS Commerce's commitment to enabling a faster, smoother flow of information across the supply chain for companies. Collaboration solutions allow companies to work together more easily to overcome challenges and improve supply chain efficiency. SPS Commerce also offers IoT solutions that enable the collection of data directly from the supply chain. With sensors and other devices, companies can capture and use real-time data to make better decisions and optimize their business processes. Finally, SPS Commerce offers optimization solutions that help customers optimize supply chains and reduce costs. Optimization solutions include inventory management, reorder management, and shipping optimization that companies can better control through SPS Commerce's platform. In 2019, SPS Commerce had over 90,000 customers in over 70 countries. The company has been listed on NASDAQ since 2001 and has experienced strong growth in recent years. Through acquisitions and partnerships, the company has expanded its solution portfolio and become a key player in the supply chain solutions industry. SPS Commerce is one of the most popular companies on Eulerpool.

Frequently Asked Questions about SPS Commerce stock

EV/EBIT (Enterprise Value to EBIT) of SPS Commerce is 18.32 in 2026.

EV/EBIT (Enterprise Value to EBIT) of SPS Commerce changed from 24.39 to 18.32, representing a -24.87% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) SPS Commerce since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s SPS Commerce with sector peers and the industry average to assess whether it is attractive.

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Valuation — SPS Commerce

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