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Ecommerce math

Shopify Store Valuation

Estimate a Shopify store's asking-price range from GMV, SDE, organic traffic mix, repeat rate, and tenure. Quality-adjusted SDE multiple band with per-factor breakdown. Free. No signup.

Shopify store inputs

Quality adjustments
  • +0.15×Balanced traffic mix — 45% organic — healthier than pure paid.
  • +0.10×Average repeat rate — 30% repeat — in the typical DTC band.
  • +0.10×Proven tenure — 3 years. Past the 2-year survival curve.

Estimated asking price

$938,000

Midpoint of quality-adjusted SDE multiple range

Range (2.85× – 3.85× SDE)
$798,000—$1,078,000
Annual GMV$1,020,000
Annual SDE$280,000
Revenue × at midpoint0.92×
Net quality adjustment+0.35×

Base band is 2.5×–3.5× SDE for Shopify from the catalog benchmarks. Quality adjustments shift the whole band up or down based on organic traffic, repeat rate, and tenure. Real asking prices can land anywhere in the range depending on diligence findings.

Base band assumes Shopify-native brand, under $5M TEV, with verifiable financials. Businesses with subscription revenue, defensible IP, or proven growth land above the range; deals with single-channel concentration, unverified books, or short tenure compress below.

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Related resources

  • SDE Calculator
  • Ecommerce Multiple Calculator
  • Browse Shopify stores for sale

Frequently Asked Questions

Why is the base multiple 2.5–3.5× SDE?

That is the typical band for Shopify-native ecommerce brands under ~$5M TEV. The generic Multiple Calculator uses the same range. Above the top end: subscription commerce, defensible brand, or proven growth. Below the bottom: single-channel concentration, short tenure, or unverified books.

How do quality factors move the range?

Organic traffic mix (paid-dependent stores get a haircut because traffic can be bought off overnight), repeat rate (high repeat = brand + customer list value), and tenure (time survives ad-platform shocks). Each factor shifts both ends of the base band up or down by a few tenths of a turn.

Why use GMV if the valuation is on SDE?

GMV is a sanity check. If the implied valuation is 0.5× GMV on a Shopify brand, that's unusually high — typical Shopify revenue multiples are 0.8–1.5× GMV. The revenue-multiple readout in the results panel catches when the SDE-based valuation is an outlier vs. peer revenue multiples.

What about a subscription revenue component?

This calc treats the whole business as transactional. If a material share of revenue is subscription, also run the Subscription MRR Valuation calc and blend the two. A 60% transactional + 40% subscription brand is often valued as a weighted average of the two standalone valuations.

Should I believe the output?

Use it as a starting negotiation anchor, not a final answer. Real Shopify asking prices come from comparable recent sales the seller's broker has access to. But this calc tells you whether an asking price is inside or outside the reasonable band, which is usually enough to know whether to engage or pass.