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STOCK COMPARISON

Meta Platforms vs Spotify Technology: Fair Value & Quality

Both stocks run through our valuation models. Here is how Meta Platforms (META) and Spotify Technology (SPOT) compare, as of Oct 21, 2026.

As of Oct 21, 2026, Fair Value Calculator sees Meta Platforms as the more attractively valued of the two: Meta Platforms trades at $694 versus a fair value of $764 (+10.0%), while Spotify Technology trades at $526 versus $576 (+9.6%).
Meta Platforms
META · USD · Communication Services
+10.0%
upside to fair value
undervalued
Price$694
Fair Value$764
Quality66/100
Spotify Technology
SPOT · USD · Communication Services
+9.6%
upside to fair value
fairly valued
Price$526
Fair Value$576
Quality70/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Meta PlatformsSpotify Technology
Valuation
26.2×P/E (TTM)28.8×
20.5×Forward P/E (FY2027)30.4×
25.8×Median P/E at FY-end (10 FY, ex one-offs where documented)n/a
7.81×P/S (TTM)5.40×
8.20×P/B11.75×
16.5×EV/EBITDA34.5×
0.98×PEG1.44×
+10.0%Fair value upside+9.6%
0.3%Dividend yieldn/a
$2.10Dividend per sharen/a
Profitability
34.8%Operating margin13.7%
1.09×EBIT margin trend (5Y)n/a
29.9%Return on equity44.5%
16.5%Return on assets14.7%
Growth
28.0%Revenue growth (YoY)13.9%
19.9%Avg. growth/yr (3Y)13.6%
18.5%Avg. growth/yr (5Y)16.9%
+20.4%Value creation/yrn/a
Balance & size
71.5×Interest coverage (EBIT/interest)70.9×
0.27×Debt / equityn/a
$1.8TMarket cap$110B
expensiveGrowth qualityhealthy
Meta Platforms, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 25.8.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Meta Platforms leads: 10 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Meta Platforms Spotify Technology
ProfitabilityHow much profit the company makes from its sales and capital
81
77
Quality GrowthAre margins and returns getting better?
43
62
CashflowDo the profits arrive as real cash?
74
73
Financial strengthDebt, balance sheet and risk of trouble
82
95
InvestmentDoes it invest with discipline instead of growing at any price?
0
33
Low VolatilityHow calm the share price moves, does not count
44
25
MomentumPrice trend of the last 3 to 12 months, does not count
48
37
Near the 52-week highDistance to the 52-week high, does not count
49
25
New sharesBuys back shares or issues new ones?
87
74

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyMeta PlatformsPrice $694Spotify TechnologyPrice $526
DCF Models−5.5%close to the price$656−36.2%below the price$336
Earnings-Based+24.6%above the price$865−56.6%below the price$228
Dividend Discount−94.0%below the price$41.61n/a
Multiples−38.7%below the price$426−64.1%below the price$189
Asset-Based−91.7%below the price$57.43−96.0%below the price$20.81
Growth DCF−19.5%below the price$559−36.3%below the price$335
Economic Profit−40.0%below the price$416−75.9%below the price$127
Growth Earnings+68.9%above the price$1,172−38.3%below the price$325
Minimum−94.0%below the price$41.61−96.0%below the price$20.81
Maximum+68.9%above the price$1,172−36.2%below the price$336
Median−29.1%below the price$492−56.6%below the price$228
Geometric mean−51.8%below the price$335−67.6%below the price$170

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Meta Platforms: 18 of 26 models see the stock below the current price.

Spotify Technology: 23 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Meta Platforms
Price $694
Fair Value $764
Bear $383Bull $1,384
Spotify Technology
Price $526
Fair Value $576
Bear $351Bull $785

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Meta Platforms · Communication Services

Quality score66 · Top 25%
Fair value upside+10.0% · above median

Spotify Technology · Communication Services

Quality score70 · Top 25%
Fair value upside+9.6% · above median

Bottom line

As of Oct 21, 2026, Fair Value Calculator sees Meta Platforms as the more attractively valued of the two: Meta Platforms trades at $694 versus a fair value of $764 (+10.0%), while Spotify Technology trades at $526 versus $576 (+9.6%).

Spotify Technology has the higher quality score (70/100).

Open Meta Platforms live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.