Nutanix, Inc.

NasdaqGS:NTNX Stock Report

Market Cap: US$17.7b

Nutanix Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 NTNX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$66.00
Fair Value
1.8% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: NTNX ($67.21) is trading above our estimate of fair value ($66)

Significantly Below Fair Value: NTNX is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As NTNX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NTNX. This is calculated by dividing NTNX's market cap by their current earnings.
What is NTNX's PE Ratio?
PE Ratio95.7x
EarningsUS$188.37m
Market CapUS$17.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NTNX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average43.2x
BSY Bentley Systems
68.8x15.93%US$17.3b
DT Dynatrace
30.9x6.61%US$15.3b
MANH Manhattan Associates
58.9x11.86%US$13.2b
DOCU DocuSign
14x-22.93%US$15.3b
NTNX Nutanix
95.7x34.73%US$17.7b

Price-To-Earnings vs Peers: NTNX is expensive based on its Price-To-Earnings Ratio (95.7x) compared to the peer average (43.2x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XNET Xunlei
0.6xn/aUS$440.41m
NXTT Next Technology Holding
0.6xn/aUS$132.32m
YXT YXT.COM Group Holding
0.9xn/aUS$49.75m
FMTO.F Femto Technologies
0.1xn/aUS$430.38k
NTNX 95.7xIndustry Avg. 34.9xNo. of Companies12PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NTNX is expensive based on its Price-To-Earnings Ratio (95.7x) compared to the US Software industry average (34.9x).

Price to Earnings Ratio vs Fair Ratio

What is NTNX'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.

NTNX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio95.7x
Fair PE Ratio47.7x

Price-To-Earnings vs Fair Ratio: NTNX is expensive based on its Price-To-Earnings Ratio (95.7x) compared to the estimated Fair Price-To-Earnings Ratio (47.7x).

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 NTNX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$67.21
US$87.03
+29.48%
8.54%US$95.00US$71.00n/a13
Aug ’26US$72.11
US$92.67
+28.51%
4.44%US$100.00US$85.00n/a14
Jul ’26US$75.19
US$91.33
+21.47%
6.13%US$100.00US$78.54n/a14
Jun ’26US$76.69
US$91.05
+18.72%
6.05%US$100.00US$78.54n/a14
May ’26US$70.91
US$87.64
+23.60%
9.54%US$100.00US$73.11n/a15
Apr ’26US$69.80
US$89.11
+27.66%
7.82%US$100.00US$73.11n/a15
Mar ’26US$76.89
US$88.57
+15.20%
8.31%US$100.00US$73.11n/a15
Feb ’26US$68.77
US$81.89
+19.09%
6.44%US$90.00US$73.11n/a15
Jan ’26US$61.18
US$82.36
+34.62%
6.12%US$90.00US$73.11n/a15
Dec ’25US$65.28
US$81.82
+25.33%
6.76%US$90.00US$71.12n/a14
Nov ’25US$62.55
US$73.39
+17.34%
9.03%US$85.00US$60.00n/a13
Oct ’25US$56.46
US$73.32
+29.86%
9.06%US$85.00US$60.00n/a13
Sep ’25US$63.19
US$74.11
+17.29%
8.86%US$85.00US$60.00n/a14
Aug ’25US$49.00
US$74.54
+52.13%
8.27%US$80.00US$60.00US$72.1114
Jul ’25US$59.41
US$74.54
+25.47%
8.27%US$80.00US$60.00US$75.1914
Jun ’25US$55.32
US$73.54
+32.94%
10.59%US$80.00US$52.49US$76.6914
May ’25US$61.11
US$68.17
+11.55%
8.85%US$76.00US$52.49US$70.9114
Apr ’25US$62.32
US$67.10
+7.67%
9.03%US$76.00US$52.49US$69.8014
Mar ’25US$64.40
US$65.29
+1.37%
11.54%US$76.00US$50.50US$76.8914
Feb ’25US$57.08
US$52.27
-8.43%
12.96%US$62.00US$35.00US$68.7715
Jan ’25US$47.69
US$50.46
+5.82%
11.42%US$60.00US$35.00US$61.1814
Dec ’24US$44.78
US$49.26
+10.00%
12.80%US$60.00US$35.00US$65.2814
Nov ’24US$36.54
US$42.69
+16.82%
10.50%US$50.00US$35.00US$62.5514
Oct ’24US$34.88
US$42.69
+22.38%
10.50%US$50.00US$35.00US$56.4614
Sep ’24US$34.90
US$39.56
+13.34%
11.04%US$45.00US$30.80US$63.1914
Aug ’24US$30.21
US$35.14
+16.31%
6.85%US$39.00US$30.80US$49.0013
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
US$87.03
Fair Value
22.8% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/29 20:17
End of Day Share Price 2025/08/29 00:00
Earnings2025/07/31
Annual Earnings2025/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nutanix, Inc. is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan RuykhaverBaird
Ishan MajumdarBaptista Research
Timothy LongBarclays