Most key ratios both on a TMM basis and on a forward valuation for SPOT stock show a very large premium to its sector median values. The Communication Services sector median value for EV / Sales (TTM) and EV / Sales (FWD) are 2.35x and 2.21x, respectively. Compared to the Communication Services sector, Spotify has only a minor discount on its EV / Sales (TTM) ratio and EV / Sales (FWD) ratio of 2.31x and 2.02x, respectively. Valuation is either forward-looking or based on what happened in the past quarters or twelve months. This is a huge figure as financial metrics used in valuation should be as low as possible to make a stock attractive.
Furthermore, it has a P/E GAAP (FWD) of 1,641.93. Spotify has been losing money for the whole period from 2017 to 2021.
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