P/E Ratio - 273 TodayI've been through the 2000 tech bubble correction. During hard times, these so called growth stocks get hit the most, regardless of forward earnings or the hope for a steady economy which we are far from stating. Let's be realistic, inflation is going to take time to control and we don't know how these rate increases will play out. Therefore, it is more likely than not, that people will be jumping from the high risk stocks like Shopify. If a more realistic P/E is 27, that is a divided by 10 reduction in the current price of Shopify stock or down to $47.48. It's a very painful decline that could occur over the summer. I do believe that in the long run, this company will be solid but it could be a few painful years before we see that return to those levels.