In the current session, the stock is trading at $169.69, after a 0.01% increase. Over the past month, Shopify Inc. (NASDAQ:SHOP) stock increased by 7.73%, and in the past year, by 54.17%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Shopify P/E Compared to CompetitorsThe P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze t ...