BlackLine Valuation

Is BL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BL ($57.04) is trading below our estimate of fair value ($73)

Significantly Below Fair Value: BL is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BL?

Other financial metrics that can be useful for relative valuation.

BL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.9x
Enterprise Value/EBITDA76.5x
PEG Ratio-0.8x

Price to Earnings Ratio vs Peers

How does BL's PE Ratio compare to its peers?

The above table shows the PE ratio for BL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.5x
IDCC InterDigital
13.1x-39.0%US$3.7b
AGYS Agilysys
31.3x-65.6%US$3.0b
RIOT Riot Platforms
37x-101.2%US$2.9b
DV DoubleVerify Holdings
48.6x21.1%US$3.0b
BL BlackLine
29.2x-37.7%US$3.5b

Price-To-Earnings vs Peers: BL is good value based on its Price-To-Earnings Ratio (29.2x) compared to the peer average (32.5x).


Price to Earnings Ratio vs Industry

How does BL's PE Ratio compare vs other companies in the US Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BL is good value based on its Price-To-Earnings Ratio (29.2x) compared to the US Software industry average (36.4x).


Price to Earnings Ratio vs Fair Ratio

What is BL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.2x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: BL is expensive based on its Price-To-Earnings Ratio (29.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$57.04
US$57.45
+0.7%
18.8%US$81.00US$45.00n/a11
Oct ’25US$54.13
US$57.18
+5.6%
19.3%US$81.00US$45.00n/a11
Sep ’25US$49.55
US$56.27
+13.6%
18.4%US$81.00US$45.00n/a11
Aug ’25US$46.17
US$59.73
+29.4%
16.8%US$81.00US$49.00n/a11
Jul ’25US$48.05
US$61.73
+28.5%
15.7%US$81.00US$49.00n/a11
Jun ’25US$47.72
US$62.45
+30.9%
15.0%US$81.00US$49.00n/a11
May ’25US$57.94
US$62.03
+7.1%
14.0%US$81.00US$50.00n/a12
Apr ’25US$64.00
US$60.88
-4.9%
14.3%US$81.00US$50.00n/a12
Mar ’25US$58.71
US$60.13
+2.4%
14.3%US$81.00US$50.00n/a12
Feb ’25US$60.53
US$61.63
+1.8%
13.9%US$81.00US$47.00n/a12
Jan ’25US$62.44
US$60.95
-2.4%
16.2%US$81.00US$47.00n/a11
Dec ’24US$60.00
US$57.78
-3.7%
14.8%US$81.00US$47.00n/a12
Nov ’24US$48.07
US$58.88
+22.5%
15.0%US$81.00US$45.00n/a13
Oct ’24US$55.47
US$59.03
+6.4%
14.6%US$81.00US$47.00US$54.1313
Sep ’24US$58.36
US$59.62
+2.2%
15.0%US$81.00US$47.00US$49.5513
Aug ’24US$58.54
US$62.15
+6.2%
16.7%US$87.00US$50.00US$46.1713
Jul ’24US$53.82
US$61.50
+14.3%
16.5%US$87.00US$50.00US$48.0514
Jun ’24US$52.81
US$61.50
+16.5%
16.5%US$87.00US$50.00US$47.7214
May ’24US$55.60
US$66.00
+18.7%
16.5%US$87.00US$50.00US$57.9413
Apr ’24US$67.15
US$66.68
-0.7%
16.1%US$87.00US$50.00US$64.0013
Mar ’24US$69.22
US$66.68
-3.7%
16.1%US$87.00US$50.00US$58.7113
Feb ’24US$73.83
US$65.37
-11.5%
16.4%US$87.00US$50.00US$60.5313
Jan ’24US$67.27
US$65.29
-2.9%
16.8%US$87.00US$50.00US$62.4413
Dec ’23US$69.22
US$64.29
-7.1%
16.4%US$87.00US$50.00US$60.0013
Nov ’23US$54.50
US$71.42
+31.0%
18.4%US$95.00US$57.00US$48.0712
Oct ’23US$59.90
US$82.00
+36.9%
20.5%US$112.00US$60.00US$55.4711

Analyst Forecast: Target price is less than 20% higher than the current share price.


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