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Alternative stocks to Shopify (NYSE:SHOP)


These are the alternatives to Shopify that fall within the same industry, Internet Services & Infrastructure, or region, Canada.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

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See Shopify Performance

Shopify stock research in summary

shopify.com


Shopify shares are more expensive than other comparable stocks. While they show above average growth, they are riskily financed, and are poor value. We recommend evaluating whether the future of the company Shopify is really as positive as the high price of the shares suggests. If you come to the conclusion that the future for this company is only average, that could be a reason to sell this share.


Latest Obermatt Ranks


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Country Canada
Industry Internet Services & Infrastructure
Index
Size class X-Large

Large companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Cognizant Technology (XXL, US)  IT Consulting & oth. Services
1. Cognizant Technology (XXL, US)   IT Consulting & oth. Services 96 54 95 100
2. Amdocs (XL, US)  IT Consulting & oth. Services
2. Amdocs (XL, US)   IT Consulting & oth. Services 92 56 84 96
3. Twilio (XL, US)  Internet Services & Infrastructure
3. Twilio (XL, US)   Internet Services & Infrastructure 46 85 97 94
4. SS&C Technologies (XL, US)  Data Processing & Outsourcing
4. SS&C Technologies (XL, US)   Data Processing & Outsourcing 94 57 60 93
5. DXC Technology Company (XXL, US)  IT Consulting & oth. Services
5. DXC Technology Company (XXL, US)   IT Consulting & oth. Services 92 8 89 88
6. MAXIMUS (XL, US)  Data Processing & Outsourcing
6. MAXIMUS (XL, US)   Data Processing & Outsourcing 89 29 79 88
7. PayPal (XXL, US)  Data Processing & Outsourcing
7. PayPal (XXL, US)   Data Processing & Outsourcing 54 35 95 87
8. CGI (XL, CA)  IT Consulting & oth. Services
8. CGI (XL, CA)   IT Consulting & oth. Services 84 61 72 85
9. Euronet Worldwide (XL, US)  Data Processing & Outsourcing
9. Euronet Worldwide (XL, US)   Data Processing & Outsourcing 63 45 79 74
10. Block (XXL, US)  Data Processing & Outsourcing
10. Block (XXL, US)   Data Processing & Outsourcing 62 85 59 70

June 5, 2025

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Russel Metals (XL, CA)  Trading & Distribution
1. Russel Metals (XL, CA)   Trading & Distribution 90 56 96 100
2. Methanex (XL, CA)  Commodity Chemicals
2. Methanex (XL, CA)   Commodity Chemicals 94 59 75 100
3. West Fraser (XL, CA)  Forest Products
3. West Fraser (XL, CA)   Forest Products 66 100 92 100
4. Barrick Gold (XL, CA)  Gold Production
4. Barrick Gold (XL, CA)   Gold Production 86 81 67 96
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 71 61 65 96
6. Capital Power (XL, CA)  Power Producers & Traders
6. Capital Power (XL, CA)   Power Producers & Traders 61 55 99 95
7. Colliers International Group (XL, CA)  Real Estate Services
7. Colliers International Group (XL, CA)   Real Estate Services 80 46 90 94
8. Canadian Tire (XXL, CA)  General Merchandise Stores
8. Canadian Tire (XXL, CA)   General Merchandise Stores 82 56 63 93
9. Celestica (XL, CA)  Electr. Manufacturing Services
9. Celestica (XL, CA)   Electr. Manufacturing Services 37 86 80 92
10. Manulife Financial (XXL, CA)  Life & Health Insurance
10. Manulife Financial (XXL, CA)   Life & Health Insurance 63 33 100 91

June 5, 2025


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Mid sized companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Marqeta (M, US)  Data Processing & Outsourcing
1. Marqeta (M, US)   Data Processing & Outsourcing 41 43 88 96
2. TaskUs (L, US)  Data Processing & Outsourcing
2. TaskUs (L, US)   Data Processing & Outsourcing 53 36 100 88
3. ExlService (L, US)  Data Processing & Outsourcing
3. ExlService (L, US)   Data Processing & Outsourcing 42 72 93 84
4. Flywire (M, US)  Data Processing & Outsourcing
4. Flywire (M, US)   Data Processing & Outsourcing 21 93 80 80
5. Shift4 Payments (L, US)  Data Processing & Outsourcing
5. Shift4 Payments (L, US)   Data Processing & Outsourcing 31 91 55 78
6. Jack Henry & Associates (L, US)  Data Processing & Outsourcing
6. Jack Henry & Associates (L, US)   Data Processing & Outsourcing 21 77 91 77
7. CSG Systems (L, US)  Data Processing & Outsourcing
7. CSG Systems (L, US)   Data Processing & Outsourcing 92 30 59 75
8. TTEC Holdings (L, US)  Data Processing & Outsourcing
8. TTEC Holdings (L, US)   Data Processing & Outsourcing 86 50 47 67
9. Okta (L, US)  Internet Services & Infrastructure
9. Okta (L, US)   Internet Services & Infrastructure 50 64 56 67
10. Unisys (L, US)  IT Consulting & oth. Services
10. Unisys (L, US)   IT Consulting & oth. Services 82 59 50 67

June 5, 2025


Mid sized companies - similar region as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Mullen (L, CA)  Trucking
1. Mullen (L, CA)   Trucking 94 79 73 100
2. SSR Mining (L, CA)  Gold Production
2. SSR Mining (L, CA)   Gold Production 88 100 82 100
3. Magellan Aerospace (M, CA)  Aerospace & Defense
3. Magellan Aerospace (M, CA)   Aerospace & Defense 87 69 98 100
4. Paramount (L, CA)  Oil & Gas Production
4. Paramount (L, CA)   Oil & Gas Production 82 66 98 100
5. Enghouse Systems (M, CA)  Application Software
5. Enghouse Systems (M, CA)   Application Software 99 31 95 100
6. Lassonde (L, CA)  Packaged Foods & Meats
6. Lassonde (L, CA)   Packaged Foods & Meats 80 77 70 98
7. Whitecap Resources (L, CA)  Oil & Gas Production
7. Whitecap Resources (L, CA)   Oil & Gas Production 74 92 72 98
8. IGM Financial (L, CA)  Asset Management & Custody
8. IGM Financial (L, CA)   Asset Management & Custody 93 71 61 96
9. Sundial Growers (M, CA)  Pharmaceuticals
9. Sundial Growers (M, CA)   Pharmaceuticals 86 63 68 96
10. Winpak (L, CA)  Metal & Glass Containers
10. Winpak (L, CA)   Metal & Glass Containers 39 77 100 96

June 5, 2025



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