Semrush Holdings, Inc.

DB:628 Stock Report

Market Cap: €2.0b

Semrush Holdings Valuation

Is 628 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: 628 (€14) is trading above our estimate of fair value (€10.69)

Significantly Below Fair Value: 628 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 628?

Key metric: As 628 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 628. This is calculated by dividing 628's market cap by their current revenue.
What is 628's PS Ratio?
PS Ratio5.8x
SalesUS$357.57m
Market CapUS$2.08b

Price to Sales Ratio vs Peers

How does 628's PS Ratio compare to its peers?

The above table shows the PS ratio for 628 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11.4x
AOF ATOSS Software
11.4x12.7%€1.9b
NB2 Northern Data
28.9x31.5%€2.2b
TMV TeamViewer
2.7x6.5%€1.8b
MUM Mensch und Maschine Software
2.6x-0.1%€897.2m
628 Semrush Holdings
5.8x16.6%€2.1b

Price-To-Sales vs Peers: 628 is good value based on its Price-To-Sales Ratio (5.8x) compared to the peer average (11.3x).

Price to Sales Ratio vs Industry

How does 628's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x5.2%US$72.32m
CLIQ Cliq Digital
0.08x13.2%US$24.22m
LSX LS telcom
0.5x5.0%US$21.11m
IVX InVision
0.6xn/aUS$9.65m
628 5.8xIndustry Avg. 2.2xNo. of Companies8PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 628 is expensive based on its Price-To-Sales Ratio (5.8x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 628'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.

628 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.8x
Fair PS Ratio6.8x

Price-To-Sales vs Fair Ratio: 628 is good value based on its Price-To-Sales Ratio (5.8x) compared to the estimated Fair Price-To-Sales Ratio (6.8x).

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 628 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.00
€16.58
+18.4%
9.0%€19.71€15.02n/a6
Nov ’25€11.80
€15.99
+35.5%
9.0%€19.01€14.48n/a6
Oct ’25€13.90
€15.51
+11.6%
12.3%€18.97€12.65n/a6
Sep ’25€12.40
€15.41
+24.2%
9.3%€17.39€12.81n/a6
Aug ’25€13.50
€14.97
+10.9%
9.6%€16.75€13.03n/a6
Jul ’25€12.30
€14.97
+21.7%
9.6%€16.75€13.03n/a6
Jun ’25€14.20
€14.97
+5.4%
9.6%€16.75€13.03n/a6
May ’25n/a
€13.16
0%
13.0%€15.98€11.28n/a6
Apr ’25n/a
€12.56
0%
13.3%€15.57€10.99n/a7
Mar ’25n/a
€12.53
0%
9.3%€13.92€11.14n/a6
Feb ’25n/a
€11.04
0%
17.3%€13.80€8.28n/a6
Jan ’25n/a
€10.50
0%
17.4%€13.89€8.34n/a6
Dec ’24n/a
€10.26
0%
12.9%€12.13€8.39n/a6
Nov ’24n/a
€11.36
0%
10.8%€13.25€9.46€11.806
Oct ’24n/a
€10.70
0%
11.8%€12.79€9.14€13.907
Sep ’24n/a
€10.70
0%
11.8%€12.79€9.14€12.407
Aug ’24n/a
€9.82
0%
16.3%€12.58€8.09€13.507
Jul ’24n/a
€10.07
0%
17.4%€12.82€8.24€12.306
Jun ’24n/a
€10.07
0%
17.4%€12.82€8.24€14.206
May ’24n/a
€10.72
0%
16.6%€13.24€8.51n/a6
Apr ’24n/a
€10.72
0%
16.6%€13.24€8.51n/a6
Mar ’24n/a
€12.67
0%
27.3%€19.01€8.55n/a6
Feb ’24n/a
€12.67
0%
27.3%€19.01€8.55n/a6
Jan ’24n/a
€12.88
0%
24.1%€18.86€9.43n/a6
Dec ’23n/a
€13.62
0%
20.5%€19.23€10.58n/a6
Nov ’23n/a
€15.91
0%
11.5%€19.48€13.64n/a6

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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