We’ve recently updated our valuation analysis.

Splunk Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 SPLK?

Other financial metrics that can be useful for relative valuation.

SPLK 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/Revenue5.3x
Enterprise Value/EBITDA-41.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SPLK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average9.5x
PTC PTC
8.1x9.3%US$15.7b
FICO Fair Isaac
11.6x8.8%US$16.2b
BSY Bentley Systems
11.1x9.9%US$12.0b
TYL Tyler Technologies
7.2x8.3%US$13.2b
SPLK Splunk
4.6x13.8%US$15.3b

Price-To-Sales vs Peers: SPLK is good value based on its Price-To-Sales Ratio (4.6x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.9%
n/an/an/a

Price-To-Sales vs Industry: SPLK is expensive based on its Price-To-Sales Ratio (4.6x) compared to the US Software industry average (4.5x)


Price to Sales Ratio vs Fair Ratio

What is SPLK'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.

SPLK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.6x
Fair PS Ratio7.3x

Price-To-Sales vs Fair Ratio: SPLK is good value based on its Price-To-Sales Ratio (4.6x) compared to the estimated Fair Price-To-Sales Ratio (7.3x).


Share Price vs Fair Value

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

Below Fair Value: SPLK ($93.65) is trading below our estimate of fair value ($164.78)

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


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 SPLK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$93.65
US$112.60
+20.2%
17.8%US$175.00US$86.00n/a35
Jan ’24US$86.09
US$113.72
+32.1%
18.7%US$175.00US$86.00n/a36
Dec ’23US$91.49
US$115.90
+26.7%
18.5%US$175.00US$86.00n/a35
Nov ’23US$82.85
US$126.86
+53.1%
18.6%US$191.00US$86.00n/a34
Oct ’23US$75.20
US$132.11
+75.7%
17.1%US$200.00US$95.00n/a32
Sep ’23US$88.42
US$132.36
+49.7%
16.9%US$200.00US$95.00n/a32
Aug ’23US$104.50
US$133.65
+27.9%
17.2%US$200.00US$98.00n/a30
Jul ’23US$91.96
US$135.69
+47.6%
17.4%US$200.00US$98.00n/a31
Jun ’23US$102.59
US$139.20
+35.7%
17.0%US$200.00US$98.00n/a31
May ’23US$122.02
US$161.41
+32.3%
16.4%US$225.00US$125.00n/a32
Apr ’23US$147.87
US$161.82
+9.4%
17.0%US$232.00US$125.00n/a32
Mar ’23US$116.54
US$162.45
+39.4%
17.4%US$225.00US$120.00n/a33
Feb ’23US$124.01
US$163.71
+32.0%
16.9%US$225.00US$120.00n/a34
Jan ’23US$115.72
US$166.12
+43.6%
17.5%US$225.00US$117.00US$86.0933
Dec ’22US$111.70
US$178.97
+60.2%
12.8%US$225.00US$133.00US$91.4933
Nov ’22US$166.00
US$179.63
+8.2%
12.0%US$225.00US$133.00US$82.8532
Oct ’22US$145.14
US$178.58
+23.0%
12.2%US$225.00US$133.00US$75.2031
Sep ’22US$156.60
US$178.58
+14.0%
12.2%US$225.00US$133.00US$88.4231
Aug ’22US$141.98
US$167.86
+18.2%
14.6%US$225.00US$133.00US$104.5031
Jul ’22US$141.02
US$166.68
+18.2%
15.1%US$225.00US$125.00US$91.9632
Jun ’22US$120.28
US$181.21
+50.7%
16.5%US$265.00US$125.00US$102.5932
May ’22US$126.42
US$190.42
+50.6%
15.5%US$265.00US$140.00US$122.0231
Apr ’22US$138.27
US$193.60
+40.0%
15.1%US$265.00US$140.00US$147.8733
Mar ’22US$151.26
US$204.63
+35.3%
15.6%US$300.00US$150.00US$116.5435
Feb ’22US$171.63
US$205.89
+20.0%
16.0%US$300.00US$150.00US$124.0136
Jan ’22US$169.89
US$207.78
+22.3%
15.2%US$300.00US$150.00US$115.7236

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.


Discover undervalued companies