We’ve recently updated our valuation analysis.

KnowBe4 Valuation

Is KNBE 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 KNBE?

Other financial metrics that can be useful for relative valuation.

KNBE 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/Revenue13.1x
Enterprise Value/EBITDA181.8x
PEG Ratio23.9x

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KNBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average8.1x
TENB Tenable Holdings
7.7x17.5%US$5.0b
QLYS Qualys
9.7x12.5%US$4.4b
FROG JFrog
10x22.9%US$2.6b
VRNS Varonis Systems
6.5x10.8%US$3.0b
KNBE KnowBe4
14.2x20.8%US$4.4b

Price-To-Sales vs Peers: KNBE is expensive based on its Price-To-Sales Ratio (14.2x) compared to the peer average (8.1x).


Price to Earnings Ratio vs Industry

How does KNBE's PE Ratio compare vs other companies in the US Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.8%
n/an/an/a

Price-To-Sales vs Industry: KNBE is expensive based on its Price-To-Sales Ratio (14.2x) compared to the US Software industry average (4.5x)


Price to Sales Ratio vs Fair Ratio

What is KNBE'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.

KNBE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio14.2x
Fair PS Ratio8x

Price-To-Sales vs Fair Ratio: KNBE is expensive based on its Price-To-Sales Ratio (14.2x) compared to the estimated Fair Price-To-Sales Ratio (8x).


Share Price vs Fair Value

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

Below Fair Value: KNBE ($24.89) is trading above our estimate of fair value ($15.1)

Significantly Below Fair Value: KNBE 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 KNBE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$24.89
US$24.54
-1.4%
3.9%US$24.90US$22.00n/a8
Jan ’24US$24.78
US$24.58
-0.8%
3.7%US$24.90US$22.00n/a9
Dec ’23US$24.62
US$24.58
-0.2%
3.7%US$24.90US$22.00n/a9
Nov ’23US$24.66
US$24.61
-0.2%
3.5%US$24.90US$22.00n/a10
Oct ’23US$20.81
US$24.63
+18.3%
7.3%US$28.00US$22.00n/a12
Sep ’23US$17.37
US$24.63
+41.8%
14.1%US$32.00US$19.00n/a12
Aug ’23US$14.42
US$24.31
+68.6%
16.0%US$32.00US$19.00n/a13
Jul ’23US$16.28
US$24.85
+52.6%
16.8%US$32.00US$19.00n/a13
Jun ’23US$17.25
US$24.85
+44.0%
16.8%US$32.00US$19.00n/a13
May ’23US$23.80
US$31.25
+31.3%
13.5%US$40.00US$25.00n/a12
Apr ’23US$23.42
US$31.25
+33.4%
13.5%US$40.00US$25.00n/a12
Mar ’23US$21.05
US$31.25
+48.5%
13.5%US$40.00US$25.00n/a12
Feb ’23US$25.01
US$31.08
+24.3%
15.4%US$40.00US$25.00US$24.8912
Jan ’23US$22.94
US$32.17
+40.2%
14.1%US$40.00US$25.00US$24.7812
Dec ’22US$22.13
US$31.92
+44.3%
13.9%US$40.00US$25.00US$24.6213
Nov ’22US$24.25
US$30.23
+24.7%
17.6%US$40.00US$23.00US$24.6613
Oct ’22US$22.07
US$29.58
+34.0%
18.7%US$40.00US$23.00US$20.8112
Sep ’22US$23.88
US$29.58
+23.9%
18.7%US$40.00US$23.00US$17.3712
Aug ’22US$21.21
US$29.08
+37.1%
20.6%US$40.00US$22.00US$14.4212
Jul ’22US$28.94
US$24.08
-16.8%
6.2%US$26.00US$22.00US$16.2812
Jun ’22US$18.62
US$24.08
+29.3%
6.2%US$26.00US$22.00US$17.2512

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


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