QXO, Inc.

NasdaqCM:QXO Stock Report

Market Cap: US$6.5b

QXO Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: QXO ($15.99) is trading below our estimate of fair value ($113.4)

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

Key Valuation Metric

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

Key metric: As QXO barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for QXO. This is calculated by dividing QXO's market cap by their current book value.
What is QXO's PB Ratio?
PB Ratio1.4x
BookUS$4.54b
Market CapUS$6.51b

Price to Book Ratio vs Peers

How does QXO's PB Ratio compare to its peers?

The above table shows the PB ratio for QXO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average10.3x
VRNS Varonis Systems
13.1x28.5%US$5.6b
QLYS Qualys
12x3.3%US$5.2b
PATH UiPath
3.9x19.3%US$7.0b
TENB Tenable Holdings
12.1x65.3%US$4.9b
QXO QXO
1.4xn/aUS$6.5b

Price-To-Book vs Peers: QXO is good value based on its Price-To-Book Ratio (1.4x) compared to the peer average (10.3x).

Price to Book Ratio vs Industry

How does QXO's PB Ratio compare vs other companies in the US Software Industry?

36 CompaniesPrice / BookEstimated GrowthMarket Cap
ETWO E2open Parent Holdings
0.6x75.4%US$1.01b
API Agora
0.7x41.6%US$377.10m
CMCM Cheetah Mobile
0.4xn/aUS$128.60m
XNET Xunlei
0.4xn/aUS$124.16m
QXO 1.4xIndustry Avg. 3.4xNo. of Companies36PB03.26.49.612.816+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: QXO is good value based on its Price-To-Book Ratio (1.4x) compared to the US Software industry average (3.4x).

Price to Book Ratio vs Fair Ratio

What is QXO's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QXO PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate QXO's Price-To-Book 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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