Planet Labs PBC Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: Insufficient data to calculate PL's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PL's fair value for valuation analysis.


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PL. This is calculated by dividing PL's market cap by their current revenue.
What is PL's PS Ratio?
PS Ratio3.9x
SalesUS$235.76m
Market CapUS$933.25m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
INOD Innodata
9.4x25.5%US$1.3b
WLDN Willdan Group
1x1.6%US$598.5m
CRAI CRA International
1.9x2.3%US$1.3b
NVEE NV5 Global
1.6x5.5%US$1.4b
PL Planet Labs PBC
3.9x15.7%US$933.3m

Price-To-Sales vs Peers: PL is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (3.5x).


Price to Sales Ratio vs Industry

How does PL's PS Ratio compare vs other companies in the US Professional Services Industry?

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
MAN ManpowerGroup
0.2x2.1%US$2.83b
CNXC Concentrix
0.3x3.2%US$2.42b
TIXT TELUS International (Cda)
0.4x3.1%US$961.19m
CNDT Conduent
0.2x-2.0%US$569.21m
PL 3.9xIndustry Avg. 1.4xNo. of Companies26PS01.63.24.86.48+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PL is expensive based on its Price-To-Sales Ratio (3.9x) compared to the US Professional Services industry average (1.4x).


Price to Sales Ratio vs Fair Ratio

What is PL'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.

PL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.9x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: PL is expensive based on its Price-To-Sales Ratio (3.9x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


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 PL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.14
US$4.02
+27.9%
20.8%US$5.00US$2.50n/a9
Nov ’25US$2.27
US$4.02
+76.9%
20.8%US$5.00US$2.50n/a9
Oct ’25US$2.20
US$4.02
+82.5%
19.8%US$5.00US$2.50n/a10
Sep ’25US$2.69
US$4.21
+56.3%
29.2%US$7.00US$2.00n/a10
Aug ’25US$2.30
US$4.21
+82.8%
29.2%US$7.00US$2.00n/a10
Jul ’25US$1.77
US$4.24
+139.3%
28.7%US$7.00US$2.00n/a10
Jun ’25US$1.86
US$4.46
+139.8%
25.7%US$7.00US$3.00n/a10
May ’25US$1.76
US$4.46
+153.4%
25.7%US$7.00US$3.00n/a10
Apr ’25US$2.25
US$4.68
+108.0%
23.9%US$7.00US$3.00n/a10
Mar ’25US$2.25
US$4.83
+114.7%
23.1%US$7.00US$3.00n/a10
Feb ’25US$2.31
US$4.94
+113.7%
22.6%US$7.00US$3.00n/a11
Jan ’25US$2.47
US$4.97
+101.3%
22.5%US$7.00US$3.00n/a11
Dec ’24US$2.53
US$5.44
+114.9%
13.8%US$7.00US$4.00n/a11
Nov ’24US$2.06
US$5.44
+163.9%
13.8%US$7.00US$4.00US$2.2711
Oct ’24US$2.60
US$5.44
+109.1%
13.8%US$7.00US$4.00US$2.2011
Sep ’24US$3.33
US$6.36
+91.1%
14.6%US$8.00US$5.00US$2.6911
Aug ’24US$3.77
US$6.36
+68.8%
14.6%US$8.00US$5.00US$2.3011
Jul ’24US$3.22
US$6.41
+99.0%
14.8%US$8.00US$5.00US$1.7711
Jun ’24US$4.59
US$7.68
+67.4%
24.2%US$12.00US$5.50US$1.8611
May ’24US$4.01
US$7.90
+97.0%
23.0%US$12.00US$6.00US$1.7610
Apr ’24US$3.93
US$8.11
+106.4%
22.1%US$12.00US$6.00US$2.259
Mar ’24US$4.48
US$9.00
+100.9%
19.6%US$12.00US$6.00US$2.259
Feb ’24US$4.91
US$9.00
+83.3%
19.6%US$12.00US$6.00US$2.319
Jan ’24US$4.35
US$9.38
+115.5%
15.9%US$12.00US$7.00US$2.478
Dec ’23US$5.72
US$9.38
+63.9%
15.9%US$12.00US$7.00US$2.538
Nov ’23US$5.33
US$9.71
+82.3%
13.2%US$12.00US$8.00US$2.067

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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