Sleep Number Corporation

NasdaqGS:SNBR Stock Report

Market Cap: US$411.6m

Sleep Number Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Discounted Cash Flow
Simply Wall St
US$38.56
Fair Value
52.3% undervalued intrinsic discount
3
Number of Analysts

Below Fair Value: SNBR ($18.4) is trading below our estimate of fair value ($38.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SNBR. This is calculated by dividing SNBR's market cap by their current revenue.
What is SNBR's PS Ratio?
PS Ratio0.2x
SalesUS$1.73b
Market CapUS$411.63m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SNBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
HVT Haverty Furniture Companies
0.5x3.8%US$359.6m
BYON Beyond
0.3x4.9%US$405.5m
HTLM HomesToLife
12.5xn/aUS$57.6m
ARHS Arhaus
1.4x7.8%US$1.8b
SNBR Sleep Number
0.2x1.4%US$411.6m

Price-To-Sales vs Peers: SNBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

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

49 CompaniesPrice / SalesEstimated GrowthMarket Cap
TA TravelCenters of America
0.1x-0.8%US$1.30b
ARKO Arko
0.1x-1.7%US$892.60m
WOOF Petco Health and Wellness Company
0.1x1.8%US$813.19m
ODP ODP
0.08x-2.1%US$607.79m
SNBR 0.2xIndustry Avg. 0.4xNo. of Companies49PS00.61.21.82.43+
49 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SNBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is SNBR'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.

SNBR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: SNBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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 SNBR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.40
US$14.33
-22.1%
18.3%US$18.00US$12.00n/a3
Feb ’26US$17.88
US$14.33
-19.8%
18.3%US$18.00US$12.00n/a3
Jan ’26US$15.24
US$12.50
-18.0%
3.3%US$13.00US$12.00n/a3
Dec ’25US$15.00
US$12.50
-16.7%
3.3%US$13.00US$12.00n/a3
Nov ’25US$12.71
US$12.50
-1.7%
3.3%US$13.00US$12.00n/a3
Oct ’25US$17.14
US$13.67
-20.3%
12.4%US$16.00US$12.00n/a3
Sep ’25US$15.21
US$12.33
-18.9%
3.8%US$13.00US$12.00n/a3
Aug ’25US$14.15
US$12.33
-12.8%
3.8%US$13.00US$12.00n/a3
Jul ’25US$9.02
US$13.17
+46.0%
1.8%US$13.50US$13.00n/a3
Jun ’25US$15.12
US$13.17
-12.9%
1.8%US$13.50US$13.00n/a3
May ’25US$13.52
US$13.17
-2.6%
1.8%US$13.50US$13.00n/a3
Apr ’25US$15.12
US$12.50
-17.3%
5.7%US$13.50US$12.00n/a3
Mar ’25US$15.75
US$12.50
-20.6%
5.7%US$13.50US$12.00n/a3
Nov ’24US$15.48
US$25.67
+65.8%
17.5%US$32.00US$22.00US$12.713
Oct ’24US$24.59
US$30.67
+24.7%
6.1%US$32.00US$28.00US$17.143
Sep ’24US$26.13
US$30.67
+17.4%
6.1%US$32.00US$28.00US$15.213
Aug ’24US$27.26
US$30.67
+12.5%
6.1%US$32.00US$28.00US$14.153
Jul ’24US$27.28
US$29.33
+7.5%
5.8%US$31.00US$27.00US$9.023
Jun ’24US$18.10
US$29.33
+62.1%
5.8%US$31.00US$27.00US$15.123
May ’24US$22.38
US$29.33
+31.1%
5.8%US$31.00US$27.00US$13.523
Apr ’24US$30.41
US$32.33
+6.3%
11.9%US$36.00US$27.00US$15.123
Mar ’24US$38.93
US$32.33
-16.9%
11.9%US$36.00US$27.00US$15.753
Feb ’24US$36.96
US$28.00
-24.2%
7.7%US$31.00US$26.00US$10.293
Analyst Price Target
Consensus Narrative from 3 Analysts
US$14.33
Fair Value
28.4% overvalued intrinsic discount
3
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/16 10:44
End of Day Share Price 2025/02/14 00:00
Earnings2024/09/28
Annual Earnings2023/12/30

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.

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 Github.

Analyst Sources

Sleep Number Corporation is covered by 15 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Jessica Schoen MaceBarclays
Curtis NagleBofA Global Research