The Trade Desk, Inc.

DB:TT8 Stock Report

Market Cap: €56.6b

Trade Desk Valuation

Is TT8 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-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 TT8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TT8 (€114.44) is trading below our estimate of fair value (€116.63)

Significantly Below Fair Value: TT8 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TT8?

Key metric: As TT8 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TT8. This is calculated by dividing TT8's market cap by their current revenue.
What is TT8's PS Ratio?
PS Ratio25.1x
SalesUS$2.31b
Market CapUS$58.01b

Price to Sales Ratio vs Peers

How does TT8's PS Ratio compare to its peers?

The above table shows the PS ratio for TT8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.6x
SAX Ströer SE KGaA
1.3x7.5%€2.6b
M8G Verve Group
1.4x10.6%€597.8m
SPG Springer Nature KGaA
2.8x3.2%€5.3b
RRTL RTL Group
0.7x3.5%€4.2b
TT8 Trade Desk
25.1x17.0%€58.0b

Price-To-Sales vs Peers: TT8 is expensive based on its Price-To-Sales Ratio (25.1x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does TT8's PS Ratio compare vs other companies in the DE Media Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
SBV Schwabenverlag
0.1xn/aUS$1.26m
53Y Bonhill Group
0.02xn/aUS$398.20k
69R Aventura Group
0.09xn/aUS$242.86k
8450 Sociallite US
0.1xn/aUS$217.84k
No more companies available in this PS range
TT8 25.1xIndustry Avg. 0.7xNo. of Companies4PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TT8 is expensive based on its Price-To-Sales Ratio (25.1x) compared to the European Media industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is TT8'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.

TT8 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio25.1x
Fair PS Ratio10.7x

Price-To-Sales vs Fair Ratio: TT8 is expensive based on its Price-To-Sales Ratio (25.1x) compared to the estimated Fair Price-To-Sales Ratio (10.7x).

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 TT8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€114.44
€125.95
+10.1%
21.0%€153.90€38.48n/a32
Dec ’25€120.56
€121.88
+1.1%
20.7%€142.92€38.11n/a32
Nov ’25€109.50
€107.65
-1.7%
21.7%€137.91€36.78n/a32
Oct ’25€97.99
€98.05
+0.06%
20.0%€121.96€36.14n/a30
Sep ’25€94.39
€95.83
+1.5%
20.4%€120.95€34.94n/a28
Aug ’25€81.01
€93.95
+16.0%
19.5%€111.20€36.14n/a29
Jul ’25€91.15
€92.57
+1.6%
19.4%€107.16€34.48n/a29
Jun ’25€85.39
€90.73
+6.3%
20.3%€105.81€32.20n/a27
May ’25€77.75
€87.26
+12.2%
20.9%€105.93€32.24n/a27
Apr ’25€80.70
€87.13
+8.0%
20.6%€105.16€32.00n/a28
Mar ’25€77.62
€87.43
+12.6%
21.3%€106.12€27.68n/a28
Feb ’25€61.63
€71.62
+16.2%
20.8%€91.90€27.57n/a29
Jan ’25€66.06
€68.72
+4.0%
21.9%€90.58€27.17€115.0228
Dec ’24€65.80
€67.41
+2.4%
24.4%€91.64€27.49€120.5628
Nov ’24€68.17
€81.18
+19.1%
24.7%€98.47€26.26€109.5028
Oct ’24€73.88
€81.66
+10.5%
25.2%€99.41€26.51€97.9927
Sep ’24€74.25
€79.01
+6.4%
25.6%€96.78€25.81€94.3926
Aug ’24€82.03
€71.04
-13.4%
26.9%€95.25€25.40€81.0125
Jul ’24€70.88
€66.41
-6.3%
21.9%€81.93€25.49€91.1522
Jun ’24€67.91
€66.62
-1.9%
21.9%€83.65€24.16€85.3922
May ’24€58.38
€61.52
+5.4%
22.4%€82.34€23.79€77.7521
Apr ’24€56.02
€62.24
+11.1%
21.9%€83.39€24.09€80.7022
Mar ’24€51.93
€64.95
+25.1%
19.6%€84.89€25.47€77.6221
Feb ’24€47.59
€54.83
+15.2%
22.8%€82.97€24.89€61.6321
Jan ’24€41.99
€57.54
+37.0%
21.0%€84.76€25.43€66.0620

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 03:59
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

The Trade Desk, Inc. is covered by 62 analysts. 37 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard KramerArete Research Services LLP
Rocco StraussArete Research Services LLP
Vikram KesavabhotlaBaird