Latest Ratios: P/E Ratio 94.7x · EV/EBITDA 65.1x · ROE 7.5%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.3B | $6.9B | $9.1B | $6.5B | $3.3B | $6.4B | — | — | — |
| Enterprise Value | $6.0B | $6.7B | $8.9B | $6.3B | $3.1B | $6.0B | — | — | — |
| P/E Ratio → | 94.67 | 100.79 | — | — | — | — | — | — | — |
| P/S Ratio | 6.50 | 7.19 | 12.12 | 11.43 | 7.96 | 26.29 | — | — | — |
| P/B Ratio | 6.97 | 7.42 | 10.21 | 7.22 | 3.51 | 9.27 | — | — | — |
| P/FCF | 22.29 | 24.65 | 54.62 | 61.17 | 44.50 | 501.29 | — | — | — |
| P/OCF | 22.04 | 24.38 | 53.86 | 60.19 | 39.94 | 409.52 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.96 | 11.82 | 11.12 | 7.60 | 24.55 | — | — | — |
| EV / EBITDA | 65.12 | 72.27 | 87.54 | 177.92 | — | — | — | — | — |
| EV / EBIT | 84.18 | 93.42 | — | — | — | — | — | — | — |
| EV / FCF | — | 23.86 | 53.24 | 59.51 | 42.52 | 468.08 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.3% | 45.3% | 45.1% | 41.0% | 38.7% | 37.3% | 31.9% | 28.3% | 22.2% |
| Operating Margin | 7.4% | 7.4% | -9.0% | -24.0% | -46.3% | -26.8% | 6.2% | -7.5% | -26.9% |
| Net Profit Margin | 7.1% | 7.1% | -10.0% | -23.5% | -47.8% | -30.6% | 2.9% | -11.5% | -30.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | -8.4% | -14.6% | -24.1% | -17.9% | 8.8% | — | -143.3% |
| ROA | 5.0% | 5.0% | -6.1% | -11.3% | -19.5% | -12.6% | 2.0% | -20.9% | -40.6% |
| ROIC | 7.8% | 7.8% | -7.3% | -13.6% | -27.0% | -28.5% | 61.1% | — | — |
| ROCE | 7.7% | 7.7% | -7.4% | -14.6% | -22.7% | -13.4% | 6.3% | -99.6% | -127.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | — | — |
| Debt / EBITDA | 0.25 | 0.25 | 0.24 | 0.65 | — | — | 0.51 | — | — |
| Net Debt / Equity | — | -0.24 | -0.26 | -0.20 | -0.16 | -0.61 | -0.45 | — | -1.18 |
| Net Debt / EBITDA | -2.40 | -2.40 | -2.26 | -4.96 | — | — | -7.42 | — | — |
| Debt / FCF | — | -0.79 | -1.38 | -1.66 | -1.99 | -33.21 | -2.22 | -0.53 | — |
| Interest Coverage | 61.20 | 61.20 | -5.92 | — | -15.66 | -7.66 | 1.94 | -1.93 | -8.91 |
Net cash position: cash ($246M) exceeds total debt ($24M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.93 | 1.93 | 2.08 | 1.90 | 1.79 | 4.73 | 1.82 | 0.94 | 1.28 |
| Quick Ratio | 1.93 | 1.93 | 2.09 | 1.90 | 1.79 | 4.39 | 1.82 | 0.69 | 1.28 |
| Cash Ratio | 1.22 | 1.22 | 1.36 | 1.16 | 1.09 | 3.87 | 1.10 | 0.12 | 0.47 |
| Asset Turnover | — | 0.66 | 0.60 | 0.47 | 0.35 | 0.29 | 0.39 | 1.51 | 1.35 |
| Inventory Turnover | — | — | — | 346.75 | — | 3.40 | — | 4.43 | — |
| Days Sales Outstanding | — | 125.57 | 79.60 | 119.04 | 84.37 | 157.52 | 101.94 | 130.53 | 7.08 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.1% | 1.0% | — | — | — | — | — | — | — |
| FCF Yield | 4.5% | 4.1% | 1.8% | 1.6% | 2.2% | 0.2% | — | — | — |
| Buyback Yield | 1.2% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 1.2% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $176M | $167M | $164M | $158M | $102M | $29M | $122M | $122M |
Cyclical GMV sensitivity
Based on current market data, GLBE trades at a forward P/E of 32.10, which, when viewed alongside a PEG ratio of 0.71, suggests that investors are pricing in significant future earnings expansion that may outpace the current high trailing P/E multiple of 93.36.
The disparity between trailing and forward multiples indicates that the market anticipates a rapid normalization of earnings as the company scales its platform. This valuation appears to be predicated on the assumption that GLBE will maintain its high-growth trajectory within the Shopify ecosystem, justifying a premium over traditional retail-adjacent peers.
As reported in recent financial statements, GLBE's ROIC has trended from negative territory in early 2024 to a positive 3.4% in 2026Q1, signaling that the company is beginning to generate returns on its invested capital as it scales its proprietary cross-border technology stack.
The shift from negative to positive ROIC suggests that the company's heavy initial investments in R&D and platform integration are starting to yield operational efficiencies. Investors should monitor whether this trend continues, as sustained compounding of capital will be necessary to justify the current valuation multiples.
According to quarterly data, GLBE's asset turnover remains relatively low at 0.18, reflecting the capital-intensive nature of its merchant-of-record model where gross transaction values flow through the balance sheet, necessitating careful management of DSO and DPO to maintain liquidity during peak seasonal periods.
The fluctuation in DSO, which reached 88 days in 2026Q1, highlights the inherent complexity of managing international payment cycles and merchant settlements. The company's ability to align its DPO with these receivables is critical to ensuring that working capital requirements do not become a drag on overall cash flow.
Financial analysis of GLBE is frequently distorted by the application of traditional logistics valuation multiples, which fail to account for the company's high-margin software-like service fees and its structural role as a critical regulatory arbitrage layer within the global e-commerce infrastructure.
Investors often misinterpret the company as a pure-play logistics provider, which obscures the value of its proprietary localization data loop and deep-stack integrations. A more appropriate framework would involve valuing the company as a fintech-enabled SaaS platform, focusing on take-rate stability rather than pure shipping volume metrics.
Includes 30+ ratios · 8 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying GLBE stock.
Global-e Online Ltd.'s current P/E ratio is 94.7x. The historical average is 100.8x.
Global-e Online Ltd.'s current EV/EBITDA is 65.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 79.9x.
Global-e Online Ltd.'s return on equity (ROE) is 7.5%. The historical average is -27.4%.
Based on historical data, Global-e Online Ltd. is trading at a P/E of 94.7x. Compare with industry peers and growth rates for a complete picture.
Global-e Online Ltd. has 45.3% gross margin and 7.4% operating margin.
Global-e Online Ltd.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.