CyberArk Software Ltd.

DB:CYB Stock Report

Market Cap: €17.7b

CyberArk Software Valuation

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

Discounted Cash Flow
Simply Wall St
€465.27
Fair Value
22.0% undervalued intrinsic discount
36
Number of Analysts

Below Fair Value: CYB (€362.9) is trading below our estimate of fair value (€465.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CYB. This is calculated by dividing CYB's market cap by their current revenue.
What is CYB's PS Ratio?
PS Ratio20.1x
SalesUS$909.46m
Market CapUS$18.32b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CYB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.1x
IXX init innovation in traffic systems
1.5x12.3%€366.4m
NEM Nemetschek
14.5x13.5%€13.4b
IVU IVU Traffic Technologies
2xn/a€268.5m
EXL Exasol
2.3x13.6%€84.3m
CYB CyberArk Software
20.1x18.8%€18.3b

Price-To-Sales vs Peers: CYB is expensive based on its Price-To-Sales Ratio (20.1x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

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

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x4.7%US$73.97m
CLIQ Cliq Digital
0.1x12.3%US$33.38m
LSX LS telcom
0.4x2.5%US$18.50m
8DQ GetSwift Technologies
0.07xn/aUS$2.53m
CYB 20.1xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CYB is expensive based on its Price-To-Sales Ratio (20.1x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is CYB'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.

CYB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio20.1x
Fair PS Ratio14.1x

Price-To-Sales vs Fair Ratio: CYB is expensive based on its Price-To-Sales Ratio (20.1x) compared to the estimated Fair Price-To-Sales Ratio (14.1x).

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 CYB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€362.90
€363.54
+0.2%
9.4%€432.45€291.18n/a36
Jan ’26€304.90
€336.59
+10.4%
8.1%€386.12€257.85n/a35
Dec ’25€307.10
€323.41
+5.3%
7.2%€377.52€252.11n/a35
Nov ’25€252.70
€295.03
+16.8%
8.0%€360.67€233.05n/a35
Oct ’25€259.60
€279.29
+7.6%
5.4%€302.64€227.66n/a33
Sep ’25€258.50
€280.82
+8.6%
5.1%€306.83€230.81n/a32
Aug ’25€236.30
€276.31
+16.9%
5.2%€300.14€232.72n/a32
Jul ’25€249.50
€274.40
+10.0%
5.5%€291.53€233.23n/a31
Jun ’25€205.80
€275.25
+33.7%
4.6%€290.34€235.03n/a30
May ’25€225.00
€280.07
+24.5%
4.7%€296.97€238.88n/a30
Apr ’25€246.40
€274.94
+11.6%
5.8%€293.86€231.75n/a30
Mar ’25€245.90
€272.25
+10.7%
5.6%€290.68€230.70n/a29
Feb ’25€216.40
€233.36
+7.8%
8.9%€264.96€184.00€362.9030
Jan ’25€198.20
€201.00
+1.4%
11.1%€258.78€162.18€304.9029
Dec ’24€183.35
€188.97
+3.1%
6.0%€205.90€155.36€307.1027
Nov ’24€152.65
€179.14
+17.4%
5.9%€198.74€146.69€252.7027
Oct ’24€154.80
€176.47
+14.0%
5.9%€197.00€145.41€259.6026
Sep ’24€154.80
€171.42
+10.7%
5.8%€192.30€141.93€258.5025
Aug ’24€150.70
€163.50
+8.5%
6.3%€181.42€126.99€236.3025
Jul ’24€143.55
€167.75
+16.9%
6.7%€186.80€130.76€249.5025
Jun ’24€143.60
€168.15
+17.1%
6.9%€186.44€130.51€205.8026
May ’24€111.70
€162.07
+45.1%
7.0%€182.30€127.61€225.0026
Apr ’24€129.05
€167.25
+29.6%
7.5%€189.58€132.71€246.4025
Mar ’24€133.70
€167.25
+25.1%
7.5%€189.58€132.71€245.9025
Feb ’24€127.70
€155.66
+21.9%
9.5%€182.06€127.44€216.4026
Analyst Price Target
Consensus Narrative from 36 Analysts
€370.05
Fair Value
1.9% undervalued intrinsic discount
36
Number of Analysts

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 Analysis2025/01/31 15:53
End of Day Share Price 2025/01/31 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

CyberArk Software Ltd. is covered by 64 analysts. 35 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Shrenik KothariBaird
Ishan MajumdarBaptista Research
Saket KaliaBarclays