MongoDB, Inc.

NasdaqGM:MDB Stock Report

Market Cap: US$18.8b

MongoDB Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Discounted Cash Flow
Simply Wall St
US$190.98
Fair Value
35.0% overvalued intrinsic discount
35
Number of Analysts

Below Fair Value: MDB ($257.86) is trading above our estimate of fair value ($190.98)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MDB. This is calculated by dividing MDB's market cap by their current revenue.
What is MDB's PS Ratio?
PS Ratio10x
SalesUS$1.92b
Market CapUS$18.85b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MDB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.8x
OKTA Okta
6x9.3%US$15.0b
TWLO Twilio
4x7.1%US$17.2b
VRSN VeriSign
13.1x4.6%US$20.2b
WIX Wix.com
7.8x11.9%US$13.5b
MDB MongoDB
10x15.0%US$18.8b

Price-To-Sales vs Peers: MDB is expensive based on its Price-To-Sales Ratio (10x) compared to the peer average (7.8x).

Price to Sales Ratio vs Industry

How does MDB's PS Ratio compare vs other companies in the US IT Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
KD Kyndryl Holdings
0.6x1.6%US$8.89b
DXC DXC Technology
0.3x-2.0%US$3.71b
RXT Rackspace Technology
0.2x0.4%US$562.10m
UIS Unisys
0.2x3.4%US$469.59m
MDB 10.0xIndustry Avg. 2.8xNo. of Companies25PS02.85.68.411.214+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MDB is expensive based on its Price-To-Sales Ratio (10x) compared to the US IT industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is MDB'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.

MDB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio10x
Fair PS Ratio10.3x

Price-To-Sales vs Fair Ratio: MDB is good value based on its Price-To-Sales Ratio (10x) compared to the estimated Fair Price-To-Sales Ratio (10.3x).

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 MDB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$257.86
US$367.06
+42.4%
17.5%US$520.00US$180.00n/a35
Jan ’26US$232.81
US$379.30
+62.9%
15.3%US$520.00US$180.00n/a32
Dec ’25US$322.49
US$339.96
+5.4%
16.5%US$520.00US$180.00n/a30
Nov ’25US$271.85
US$335.92
+23.6%
15.0%US$520.00US$215.00n/a29
Oct ’25US$257.63
US$327.56
+27.1%
11.6%US$400.00US$215.00n/a28
Sep ’25US$290.79
US$323.95
+11.4%
11.3%US$400.00US$215.00n/a28
Aug ’25US$239.33
US$305.13
+27.5%
13.2%US$400.00US$215.00n/a28
Jul ’25US$263.51
US$331.47
+25.8%
26.2%US$700.00US$250.00n/a29
Jun ’25US$236.06
US$337.02
+42.8%
27.5%US$700.00US$250.00n/a31
May ’25US$373.33
US$446.59
+19.6%
15.4%US$700.00US$272.00n/a32
Apr ’25US$356.09
US$449.23
+26.2%
15.6%US$700.00US$272.00n/a31
Mar ’25US$436.84
US$469.80
+7.5%
14.6%US$700.00US$250.00n/a31
Feb ’25US$409.07
US$464.06
+13.4%
14.2%US$700.00US$250.00n/a31
Jan ’25US$408.85
US$457.88
+12.0%
10.9%US$500.00US$250.00US$232.8128
Dec ’24US$435.23
US$433.88
-0.3%
12.7%US$500.00US$250.00US$322.4928
Nov ’24US$339.02
US$427.69
+26.2%
14.1%US$500.00US$250.00US$271.8527
Oct ’24US$345.86
US$432.50
+25.1%
14.1%US$500.00US$250.00US$257.6325
Sep ’24US$392.88
US$421.58
+7.3%
16.1%US$495.00US$250.00US$290.7926
Aug ’24US$424.57
US$402.68
-5.2%
16.5%US$490.00US$210.00US$239.3325
Jul ’24US$410.99
US$398.08
-3.1%
16.4%US$490.00US$210.00US$263.5125
Jun ’24US$293.96
US$264.66
-10.0%
16.1%US$365.00US$180.00US$236.0624
May ’24US$225.77
US$256.16
+13.5%
14.3%US$365.00US$180.00US$373.3324
Apr ’24US$233.12
US$252.36
+8.3%
14.5%US$365.00US$180.00US$356.0925
Mar ’24US$209.97
US$262.92
+25.2%
16.9%US$365.00US$205.00US$436.8425
Feb ’24US$228.17
US$258.25
+13.2%
18.8%US$365.00US$170.00US$409.0724
Jan ’24US$196.84
US$262.09
+33.1%
18.8%US$365.00US$170.00US$408.8523
Analyst Price Target
Consensus Narrative from 35 Analysts
US$367.06
Fair Value
29.8% undervalued intrinsic discount
35
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 00:20
End of Day Share Price 2025/01/21 00:00
Earnings2024/10/31
Annual Earnings2024/01/31

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

MongoDB, Inc. is covered by 49 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
William PowerBaird