Shopify's valuation Valuing Shopify involves balancing growth rates and financial metrics. Indeed, the future looks bright for Shopify's primary industry, e-commerce. Grand View Research forecasts that the e-commerce platform industry will grow at a compound annual growth rate (CAGR) of 20% through 2033. Do current financial metrics point to opportunity, or is Shopify's stock price too far ahead of its fundamentals? Since launching its initial public offering (IPO) in 2015, Shopify (SHOP -1.58%) has garnere ...