Barnes & Noble Education Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BNED. This is calculated by dividing BNED's market cap by their current revenue.
What is BNED's PS Ratio?
PS Ratio	0.2x
Sales	US$1.57b
Market Cap	US$270.99m

BNED 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/Revenue	0.5x
Enterprise Value/EBITDA	14.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BNED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	0.5x
BARK BARK	0.6x	10.4%	US$307.9m
ELA Envela	1x	11.2%	US$169.0m
BRLT Brilliant Earth Group	0.05x	2.3%	US$169.5m
LESL Leslie's	0.4x	3.4%	US$589.9m
BNED Barnes & Noble Education	0.2x	n/a	US$271.0m

Price-To-Sales vs Peers: BNED is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

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

41 Companies	Price / Sales	Estimated Growth	Market Cap
TA TravelCenters of America	0.1x	-0.8%	US$1.30b
ODP ODP	0.1x	-2.1%	US$821.02m
ARKO Arko	0.09x	-1.7%	US$811.56m
AAN Aaron's Company	0.1x	2.4%	US$306.82m

41 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BNED is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Specialty Retail industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is BNED'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.

BNED PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.2x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BNED's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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