Global-E Online Ltd.

NasdaqGS:GLBE Stock Report

Market Cap: US$9.2b

Global-E Online Valuation

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

Below Fair Value: GLBE ($55.15) is trading above our estimate of fair value ($45.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for GLBE. This is calculated by dividing GLBE's market cap by their current revenue.
What is GLBE's PS Ratio?
PS Ratio13.6x
SalesUS$675.25m
Market CapUS$9.21b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GLBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.4x
MNSO MINISO Group Holding
3.2x17.6%US$7.6b
OLLI Ollie's Bargain Outlet Holdings
3.2x10.9%US$7.3b
ETSY Etsy
2.2x4.9%US$6.2b
DDS Dillard's
1.1x-3.0%US$7.2b
GLBE Global-E Online
13.6x22.7%US$9.2b

Price-To-Sales vs Peers: GLBE is expensive based on its Price-To-Sales Ratio (13.6x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

How does GLBE's PS Ratio compare vs other companies in the US Multiline Retail Industry?

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
M Macy's
0.2x-5.6%US$4.67b
KSS Kohl's
0.1x-3.5%US$1.60b
BZUN Baozun
0.2x4.7%US$192.18m
QRTE.A Qurate Retail
0.01xn/aUS$161.01m
GLBE 13.6xIndustry Avg. 1.0xNo. of Companies12PS00.81.62.43.24+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GLBE is expensive based on its Price-To-Sales Ratio (13.6x) compared to the US Multiline Retail industry average (1x).

Price to Sales Ratio vs Fair Ratio

What is GLBE'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.

GLBE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio13.6x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: GLBE is expensive based on its Price-To-Sales Ratio (13.6x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

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 GLBE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$55.15
US$59.46
+7.8%
7.5%US$67.00US$52.00n/a13
Dec ’25US$52.28
US$56.85
+8.7%
7.9%US$64.00US$47.00n/a13
Nov ’25US$38.33
US$44.23
+15.4%
7.0%US$48.00US$38.00n/a13
Oct ’25US$37.20
US$43.17
+16.0%
7.0%US$48.00US$38.00n/a12
Sep ’25US$34.42
US$42.75
+24.2%
6.6%US$48.00US$38.00n/a12
Aug ’25US$32.32
US$43.58
+34.8%
7.0%US$48.00US$40.00n/a12
Jul ’25US$36.97
US$43.33
+17.2%
8.5%US$50.00US$37.00n/a12
Jun ’25US$31.22
US$43.50
+39.3%
8.5%US$50.00US$37.00n/a12
May ’25US$33.10
US$43.22
+30.6%
9.6%US$50.00US$33.00n/a13
Apr ’25US$36.30
US$44.04
+21.3%
11.2%US$53.00US$33.00n/a13
Mar ’25US$33.98
US$44.46
+30.9%
11.2%US$53.00US$33.00n/a14
Feb ’25US$37.35
US$45.54
+21.9%
11.0%US$53.00US$33.00n/a14
Jan ’25US$39.63
US$43.00
+8.5%
12.5%US$53.00US$33.00n/a12
Dec ’24US$36.52
US$42.83
+17.3%
12.7%US$53.00US$33.00US$52.2812
Nov ’24US$34.67
US$47.50
+37.0%
9.0%US$58.00US$41.00US$38.3312
Oct ’24US$39.74
US$46.82
+17.8%
8.0%US$54.00US$41.00US$37.2011
Sep ’24US$40.00
US$46.50
+16.3%
8.2%US$54.00US$41.00US$34.4210
Aug ’24US$44.95
US$45.44
+1.1%
10.5%US$54.00US$40.00US$32.329
Jul ’24US$40.94
US$40.89
-0.1%
6.1%US$46.00US$38.00US$36.979
Jun ’24US$34.90
US$40.89
+17.2%
6.1%US$46.00US$38.00US$31.229
May ’24US$27.25
US$38.22
+40.3%
10.4%US$46.00US$34.00US$33.109
Apr ’24US$32.23
US$37.33
+15.8%
11.3%US$46.00US$34.00US$36.309
Mar ’24US$28.15
US$37.33
+32.6%
11.3%US$46.00US$34.00US$33.989
Feb ’24US$31.26
US$34.67
+10.9%
18.8%US$46.00US$26.00US$37.359
Jan ’24US$20.64
US$35.44
+71.7%
16.5%US$46.00US$27.00US$39.639
Dec ’23US$24.40
US$36.67
+50.3%
19.2%US$48.00US$27.00US$36.529

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 Analysis2024/12/24 00:19
End of Day Share Price 2024/12/24 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

Global-E Online Ltd. is covered by 16 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Oliver LesterArete Research Services LLP
Rocco StraussArete Research Services LLP
Richard KramerArete Research Services LLP