Is the price fair?
What SPSC's price assumes
SPS Commerce, Inc. trades at 33.4× earnings against 32.3× for the median Software - Application name, more expensive than its own group.
33.4
Trailing P/E · Software - Application median 32.3 · 1.03× the median: the market pays up for this one
- Price / sales
- 2.74
Price / sales · as of 2026-Q1
- Free cash flow yield
- 8.6%
Free cash flow yield · Software - Application median 6.7%
- Growth the price implies
- −1.5%
Growth the price implies · The price pays for −1.5% free cash flow growth a year for a decade; the business has delivered +20% a year over the last three.
Details›
- Price / book2026-Q1
- 2.17
- Technology median P/E376 names
- 37.0
- Software - Application median P/E93 names
- 32.3
- Free cash flow, trailing twelve months
- $167M
- Market capitalisation
- $1.95B
- 3-year revenue growth
- +17%
- 3-year free cash flow growth
- +20%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 42.0× today against a 88.3× median |
| 52-week range | $49.91 – $115.82 |
| Today | $80.43 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Software - Application
Ranks #56 of 90 by Smart Score