More stocks to consider
Alternative stocks to Shopify (NYSE:SHOP)


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

How to read the ranks

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.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

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


Log in or sign up to see the new 360° View and Sentiment ranks.

Country Canada
Industry Internet Services & Infrastructure
Index
Size class Large

Large companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Cognizant Technology (XL, US)  IT Consulting & oth. Services
1. Cognizant Technology (XL, US)   IT Consulting & oth. Services 99 49 87 98
2. CGI (XL, CA)  IT Consulting & oth. Services
2. CGI (XL, CA)   IT Consulting & oth. Services 93 49 61 88
3. PayPal (XL, US)  Data Processing & Outsourcing
3. PayPal (XL, US)   Data Processing & Outsourcing 71 35 93 86
4. Block (XL, US)  Data Processing & Outsourcing
4. Block (XL, US)   Data Processing & Outsourcing 61 63 59 70
5. Visa (XXL, US)  Data Processing & Outsourcing
5. Visa (XXL, US)   Data Processing & Outsourcing 15 93 71 64
6. Fidelity National Information Services (XL, US)  Data Processing & Outsourcing
6. Fidelity National Information Services (XL, US)   Data Processing & Outsourcing 85 41 28 43
7. IBM (XXL, US)  IT Consulting & oth. Services
7. IBM (XXL, US)   IT Consulting & oth. Services 74 37 33 41
8. Fiserv (XL, US)  Data Processing & Outsourcing
8. Fiserv (XL, US)   Data Processing & Outsourcing 57 25 51 34
9. Automatic Data Processing (XL, US)  Data Processing & Outsourcing
9. Automatic Data Processing (XL, US)   Data Processing & Outsourcing 41 35 52 21
10. Global Payments (XL, US)  Data Processing & Outsourcing
10. Global Payments (XL, US)   Data Processing & Outsourcing 94 13 15 13

July 31, 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. CGI (XL, CA)  IT Consulting & oth. Services
1. CGI (XL, CA)   IT Consulting & oth. Services 93 49 61 88
2. Imperial (XL, CA)  Oil & Gas Integrated
2. Imperial (XL, CA)   Oil & Gas Integrated 17 73 98 82
3. Canadian Pacific Railway (XL, CA)  Railroads
3. Canadian Pacific Railway (XL, CA)   Railroads 28 67 88 76
4. Cenovus (XL, CA)  Oil & Gas Integrated
4. Cenovus (XL, CA)   Oil & Gas Integrated 79 1 92 76
5. Rogers Communications (XL, CA)  Wireless Telecommunication
5. Rogers Communications (XL, CA)   Wireless Telecommunication 52 59 67 75
6. Suncor (XL, CA)  Oil & Gas Integrated
6. Suncor (XL, CA)   Oil & Gas Integrated 65 21 84 62
7. Restaurant Brands International (XL, CA)  Restaurants
7. Restaurant Brands International (XL, CA)   Restaurants 57 41 59 54
8. Canadian Natural Resources (XL, CA)  Oil & Gas Production
8. Canadian Natural Resources (XL, CA)   Oil & Gas Production 52 25 72 48
9. Canadian National Railway (XL, CA)  Railroads
9. Canadian National Railway (XL, CA)   Railroads 50 35 57 41
10. WSP Global (XL, CA)  Construction & Engineering
10. WSP Global (XL, CA)   Construction & Engineering 41 77 24 35

July 31, 2025


Find more stock ideas
Use your own criteria to filter for stocks or sign up for the latest Top 10 Stock tips.
Log in or Sign up

Mid sized companies - similar industry as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. ExlService (M, US)  Data Processing & Outsourcing
1. ExlService (M, US)   Data Processing & Outsourcing 79 85 84 100
2. DXC Technology Company (L, US)  IT Consulting & oth. Services
2. DXC Technology Company (L, US)   IT Consulting & oth. Services 96 1 93 98
3. Euronet Worldwide (M, US)  Data Processing & Outsourcing
3. Euronet Worldwide (M, US)   Data Processing & Outsourcing 59 81 88 98
4. Twilio (L, US)  Internet Services & Infrastructure
4. Twilio (L, US)   Internet Services & Infrastructure 24 91 97 94
5. Amdocs (L, US)  IT Consulting & oth. Services
5. Amdocs (L, US)   IT Consulting & oth. Services 96 35 83 90
6. MAXIMUS (M, US)  Data Processing & Outsourcing
6. MAXIMUS (M, US)   Data Processing & Outsourcing 85 23 88 84
7. Jack Henry & Associates (M, US)  Data Processing & Outsourcing
7. Jack Henry & Associates (M, US)   Data Processing & Outsourcing 33 59 96 79
8. TaskUs (M, US)  Data Processing & Outsourcing
8. TaskUs (M, US)   Data Processing & Outsourcing 58 37 86 76
9. SS&C Technologies (L, US)  Data Processing & Outsourcing
9. SS&C Technologies (L, US)   Data Processing & Outsourcing 89 71 18 72
10. TTEC Holdings (M, US)  Data Processing & Outsourcing
10. TTEC Holdings (M, US)   Data Processing & Outsourcing 100 44 35 67

July 31, 2025


Mid sized companies - similar region as Shopify

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Russel Metals (M, CA)  Trading & Distribution
1. Russel Metals (M, CA)   Trading & Distribution 91 95 93 100
2. Canadian Utilities (M, CA)  Multi-Utilities
2. Canadian Utilities (M, CA)   Multi-Utilities 87 99 59 100
3. The North West (M, CA)  Food Retail
3. The North West (M, CA)   Food Retail 91 89 72 100
4. West Fraser (L, CA)  Forest Products
4. West Fraser (L, CA)   Forest Products 88 97 84 98
5. Methanex (M, CA)  Commodity Chemicals
5. Methanex (M, CA)   Commodity Chemicals 88 71 73 98
6. Whitecap Resources (M, CA)  Oil & Gas Production
6. Whitecap Resources (M, CA)   Oil & Gas Production 57 91 76 96
7. Canadian Tire (L, CA)  General Merchandise Stores
7. Canadian Tire (L, CA)   General Merchandise Stores 95 52 68 96
8. Fairfax (L, CA)  Property & Casualty Insurance
8. Fairfax (L, CA)   Property & Casualty Insurance 53 79 65 96
9. IGM Financial (M, CA)  Asset Management & Custody
9. IGM Financial (M, CA)   Asset Management & Custody 91 59 52 94
10. Linamar (L, CA)  Auto Parts & Equipment
10. Linamar (L, CA)   Auto Parts & Equipment 88 41 90 94

July 31, 2025



Obermatt Portfolio Performance
We’re so convinced about our research, that we buy our stock tips.
See the performance of the Obermatt portfolio.