P/E Ratio = 258 TodayShopify is still really overpriced wih a P/E of 258. A P/E of 25.8 is much more reasonable and suitable for a growth stock during these declining times and would put that price of the stock at $4.19. Why would anyone hold onto this stock to see it gradually decline to these levels? In 3 to 5 years, this will be a very good stock. There is nothing wrong with the company, just the current stock price and the economic conditions.