Similarweb Ltd.

NYSE:SMWB Stock Report

Market Cap: US$628.2m

Similarweb Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$15.48
Fair Value
51.4% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: SMWB ($7.52) is trading below our estimate of fair value ($15.48)

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

Key Valuation Metric

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

Key metric: As SMWB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SMWB. This is calculated by dividing SMWB's market cap by their current revenue.
What is SMWB's PS Ratio?
PS Ratio2.4x
SalesUS$258.02m
Market CapUS$628.21m

Price to Sales Ratio vs Peers

How does SMWB's PS Ratio compare to its peers?

The above table shows the PS ratio for SMWB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.5x
DJCO Daily Journal
7.8xn/aUS$574.8m
RDVT Red Violet
8.6x12.98%US$687.7m
WEAV Weave Communications
3.4x14.07%US$721.0m
RSKD Riskified
2.3x7.86%US$771.0m
SMWB Similarweb
2.4x14.52%US$628.2m

Price-To-Sales vs Peers: SMWB is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (5.5x).

Price to Sales Ratio vs Industry

How does SMWB's PS Ratio compare vs other companies in the US Software Industry?

71 CompaniesPrice / SalesEstimated GrowthMarket Cap
RNG RingCentral
1x4.70%US$2.33b
VYX NCR Voyix
0.5x-10.33%US$1.49b
DSP Viant Technology
0.7x14.55%US$843.40m
APPS Digital Turbine
0.9x5.98%US$457.83m
SMWB 2.4xIndustry Avg. 4.6xNo. of Companies71PS048121620+
71 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SMWB is good value based on its Price-To-Sales Ratio (2.4x) compared to the US Software industry average (4.6x).

Price to Sales Ratio vs Fair Ratio

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

SMWB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.4x
Fair PS Ratio3.9x

Price-To-Sales vs Fair Ratio: SMWB is good value based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (3.9x).

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 SMWB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.52
US$13.75
+82.85%
19.83%US$18.00US$10.00n/a8
May ’26US$7.59
US$15.13
+99.28%
16.67%US$18.00US$10.00n/a8
Apr ’26US$8.34
US$15.50
+85.85%
12.07%US$18.00US$13.00n/a8
Mar ’26US$9.54
US$16.13
+69.03%
13.31%US$20.00US$13.00n/a8
Feb ’26US$16.21
US$15.25
-5.92%
14.57%US$20.00US$13.00n/a8
Jan ’26US$14.17
US$14.88
+4.98%
10.33%US$17.00US$13.00n/a8
Dec ’25US$12.41
US$14.71
+18.57%
10.72%US$17.00US$13.00n/a7
Nov ’25US$8.71
US$12.00
+37.77%
19.42%US$16.00US$10.00n/a7
Oct ’25US$8.40
US$11.86
+41.16%
20.38%US$16.00US$10.00n/a7
Sep ’25US$9.43
US$11.33
+20.18%
19.51%US$16.00US$10.00n/a6
Aug ’25US$6.34
US$11.00
+73.50%
14.85%US$14.00US$9.00n/a6
Jul ’25US$7.50
US$11.00
+46.67%
14.85%US$14.00US$9.00n/a6
Jun ’25US$7.69
US$11.00
+43.04%
14.85%US$14.00US$9.00n/a6
May ’25US$7.26
US$10.83
+49.22%
15.46%US$14.00US$9.00US$7.596
Apr ’25US$8.79
US$10.83
+23.25%
15.46%US$14.00US$9.00US$8.346
Mar ’25US$8.70
US$10.83
+24.52%
15.46%US$14.00US$9.00US$9.546
Feb ’25US$6.17
US$8.67
+40.46%
28.78%US$14.00US$6.00US$16.216
Jan ’25US$5.33
US$8.67
+62.60%
28.78%US$14.00US$6.00US$14.176
Dec ’24US$4.92
US$8.67
+76.15%
28.78%US$14.00US$6.00US$12.416
Nov ’24US$4.78
US$9.33
+95.26%
24.48%US$14.00US$7.00US$8.716
Oct ’24US$6.48
US$9.43
+45.50%
22.58%US$14.00US$7.00US$8.407
Sep ’24US$6.67
US$9.43
+41.36%
22.58%US$14.00US$7.00US$9.437
Aug ’24US$7.21
US$10.14
+40.68%
26.05%US$14.00US$6.00US$6.347
Jul ’24US$6.56
US$10.14
+54.62%
26.05%US$14.00US$6.00US$7.507
Jun ’24US$6.52
US$10.14
+55.57%
26.05%US$14.00US$6.00US$7.697
May ’24US$6.47
US$11.00
+70.02%
24.30%US$14.00US$8.00US$7.267
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
US$13.75
Fair Value
45.3% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/25 09:25
End of Day Share Price 2025/05/23 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Similarweb Ltd. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Raimo LenschowBarclays
Ryan MacWilliamsBarclays
Tyler RadkeCitigroup Inc