We’ve recently updated our valuation analysis.

Trade Desk Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

TTD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue18.1x
Enterprise Value/EBITDA807.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TTD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.7x
OMC Omnicom Group
1.3x1.8%US$18.7b
IPG Interpublic Group of Companies
1.6x2.3%US$15.1b
PERI Perion Network
2.6x13.3%US$1.5b
TTGT TechTarget
5.1x6.2%US$1.5b
TTD Trade Desk
18.8x19.0%US$27.9b

Price-To-Sales vs Peers: TTD is expensive based on its Price-To-Sales Ratio (18.8x) compared to the peer average (2.7x).


Price to Earnings Ratio vs Industry

How does TTD's PE Ratio compare vs other companies in the US Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.2%
n/an/an/a

Price-To-Sales vs Industry: TTD is expensive based on its Price-To-Sales Ratio (18.8x) compared to the US Media industry average (1.1x)


Price to Sales Ratio vs Fair Ratio

What is TTD'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.

TTD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio18.8x
Fair PS Ratio4.8x

Price-To-Sales vs Fair Ratio: TTD is expensive based on its Price-To-Sales Ratio (18.8x) compared to the estimated Fair Price-To-Sales Ratio (4.8x).


Share Price vs Fair Value

What is the Fair Price of TTD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TTD ($57.01) is trading above our estimate of fair value ($49.87)

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


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 TTD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$57.01
US$59.48
+4.3%
22.8%US$90.00US$27.00n/a21
Jan ’24US$44.83
US$61.10
+36.3%
21.0%US$90.00US$27.00n/a20
Dec ’23US$51.91
US$62.88
+21.1%
20.7%US$90.00US$27.00n/a17
Nov ’23US$53.08
US$78.81
+48.5%
14.6%US$100.00US$60.00n/a16
Oct ’23US$59.75
US$78.93
+32.1%
16.4%US$100.00US$48.00n/a15
Sep ’23US$61.89
US$78.93
+27.5%
16.4%US$100.00US$48.00n/a15
Aug ’23US$45.43
US$72.13
+58.8%
23.7%US$100.00US$48.00n/a15
Jul ’23US$41.66
US$71.93
+72.7%
26.4%US$100.00US$29.00n/a15
Jun ’23US$51.56
US$72.27
+40.2%
26.2%US$100.00US$29.00n/a15
May ’23US$58.92
US$97.47
+65.4%
22.8%US$125.00US$29.00n/a15
Apr ’23US$72.33
US$98.27
+35.9%
22.6%US$125.00US$29.00n/a15
Mar ’23US$82.08
US$97.69
+19.0%
22.0%US$125.00US$29.00n/a16
Feb ’23US$71.09
US$95.83
+34.8%
22.6%US$120.00US$29.00US$52.3118
Jan ’23US$91.64
US$97.49
+6.4%
21.5%US$120.00US$26.90US$44.8318
Dec ’22US$95.22
US$96.66
+1.5%
21.3%US$120.00US$26.90US$51.9118
Nov ’22US$76.49
US$89.27
+16.7%
20.8%US$115.00US$26.90US$53.0818
Oct ’22US$70.42
US$89.27
+26.8%
20.8%US$115.00US$26.90US$59.7518
Sep ’22US$79.51
US$89.37
+12.4%
22.0%US$115.00US$26.90US$61.8916
Aug ’22US$81.91
US$74.14
-9.5%
28.1%US$100.00US$26.90US$45.4316
Jul ’22US$76.68
US$70.17
-8.5%
26.4%US$100.00US$26.90US$41.6617
Jun ’22US$58.31
US$68.29
+17.1%
27.5%US$100.00US$26.90US$51.5616
May ’22US$72.93
US$89.22
+22.3%
10.5%US$100.00US$70.00US$58.9215
Apr ’22US$65.88
US$85.80
+30.2%
21.3%US$100.00US$25.70US$72.3315
Mar ’22US$83.23
US$87.93
+5.6%
21.9%US$106.00US$25.70US$82.0815
Feb ’22US$79.32
US$77.13
-2.8%
24.6%US$100.00US$25.70US$71.0915

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


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