The Trade Desk, Inc.

DB:TT8 Stock Report

Market Cap: €21.5b

Trade Desk Valuation

Is TT8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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

€87.75
Fair Value
50.6% undervalued intrinsic discount
32
Number of Analysts

Below Fair Value: TT8 (€43.35) is trading below our estimate of fair value (€87.75)

Significantly Below Fair Value: TT8 is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TT8. This is calculated by dividing TT8's market cap by their current earnings.
What is TT8's PE Ratio?
PE Ratio60.4x
EarningsUS$417.19m
Market CapUS$25.21b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TT8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
SAX Ströer SE KGaA
15.6x21.22%€2.1b
M8G Verve Group
19.9x53.39%€447.1m
EVD CTS Eventim KGaA
28.2x14.04%€8.0b
RRTL RTL Group
22.4x12.37%€5.4b
TT8 Trade Desk
60.4x20.63%€25.2b

Price-To-Earnings vs Peers: TT8 is expensive based on its Price-To-Earnings Ratio (60.4x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does TT8's PE Ratio compare vs other companies in the European Media Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TT8 60.4xIndustry Avg. 15.6xNo. of Companies21PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TT8 is expensive based on its Price-To-Earnings Ratio (60.4x) compared to the European Media industry average (15.6x).

Price to Earnings Ratio vs Fair Ratio

What is TT8'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.

TT8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio60.4x
Fair PE Ratio36.1x

Price-To-Earnings vs Fair Ratio: TT8 is expensive based on its Price-To-Earnings Ratio (60.4x) compared to the estimated Fair Price-To-Earnings Ratio (36.1x).

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€43.35
€59.63
+37.55%
28.17%€114.99€28.96n/a32
Sep ’26€46.48
€65.16
+40.19%
22.65%€116.07€40.41n/a33
Aug ’26€74.33
€78.85
+6.08%
19.99%€118.23€41.16n/a33
Jul ’26€62.41
€73.15
+17.21%
20.41%€114.51€33.08n/a34
Jun ’26€66.24
€76.03
+14.79%
19.98%€118.91€34.35n/a35
May ’26€47.16
€75.91
+60.96%
30.52%€132.30€34.40n/a35
Apr ’26€52.74
€99.96
+89.53%
22.50%€139.04€45.42n/a31
Mar ’26€67.42
€108.11
+60.35%
21.01%€149.45€54.00n/a32
Feb ’26€114.10
€129.06
+13.11%
19.21%€152.54€54.34n/a33
Jan ’26€115.02
€125.95
+9.50%
21.01%€153.90€38.48n/a32
Dec ’25€120.56
€121.08
+0.43%
20.66%€141.98€37.86n/a32
Nov ’25€109.50
€107.65
-1.69%
21.66%€137.91€36.78n/a32
Oct ’25€97.99
€98.05
+0.06%
20.05%€121.96€36.14€42.1230
Sep ’25€94.39
€95.83
+1.52%
20.37%€120.95€34.94€46.4828
Aug ’25€81.01
€93.95
+15.97%
19.47%€111.20€36.14€74.3329
Jul ’25€91.15
€92.57
+1.56%
19.39%€107.16€34.48€62.4129
Jun ’25€85.39
€90.73
+6.26%
20.32%€105.81€32.20€66.2427
May ’25€77.75
€87.26
+12.23%
20.90%€105.93€32.24€47.1627
Apr ’25€80.70
€87.13
+7.96%
20.62%€105.16€32.00€52.7428
Mar ’25€77.62
€87.43
+12.64%
21.29%€106.12€27.68€67.4228
Feb ’25€61.63
€71.62
+16.22%
20.80%€91.90€27.57€114.1029
Jan ’25€66.06
€68.72
+4.02%
21.90%€90.58€27.17€115.0228
Dec ’24€65.80
€67.41
+2.44%
24.43%€91.64€27.49€120.5628
Nov ’24€68.17
€81.18
+19.08%
24.68%€98.47€26.26€109.5028
Oct ’24€73.88
€81.66
+10.53%
25.15%€99.41€26.51€97.9927
€58.87
Fair Value
26.4% undervalued intrinsic discount
32
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 Analysis2025/10/05 01:23
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
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

The Trade Desk, Inc. is covered by 65 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
Rocco StraussArete Research Services LLP
Richard KramerArete Research Services LLP
Vikram KesavabhotlaBaird