We’ve recently updated our valuation analysis.

Globant Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 GLOB?

Other financial metrics that can be useful for relative valuation.

GLOB 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/Revenue4x
Enterprise Value/EBITDA21.4x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does GLOB's PE Ratio compare to its peers?

The above table shows the PE ratio for GLOB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30x
DAVA Endava
43.2x17.2%US$5.1b
DXC DXC Technology
8.6x7.6%US$6.5b
DOX Amdocs
19.9x7.6%US$10.9b
EPAM EPAM Systems
48.3x36.9%US$19.6b
GLOB Globant
49.4x28.3%US$6.8b

Price-To-Earnings vs Peers: GLOB is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the peer average (30x).


Price to Earnings Ratio vs Industry

How does GLOB's PE Ratio compare vs other companies in the US IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.8%
n/an/an/a

Price-To-Earnings vs Industry: GLOB is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the US IT industry average (27.8x)


Price to Earnings Ratio vs Fair Ratio

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

GLOB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.4x
Fair PE Ratio33.3x

Price-To-Earnings vs Fair Ratio: GLOB is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the estimated Fair Price-To-Earnings Ratio (33.3x).


Share Price vs Fair Value

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

Below Fair Value: GLOB ($163.94) is trading above our estimate of fair value ($66.2)

Significantly Below Fair Value: GLOB 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 GLOB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$163.94
US$227.44
+38.7%
8.2%US$260.00US$204.00n/a9
Jan ’24US$168.16
US$234.20
+39.3%
6.6%US$260.00US$207.00n/a10
Dec ’23US$192.94
US$245.55
+27.3%
13.0%US$320.00US$207.00n/a11
Nov ’23US$188.67
US$263.60
+39.7%
12.6%US$320.00US$210.00n/a10
Oct ’23US$187.08
US$277.70
+48.4%
8.6%US$320.00US$248.00n/a10
Sep ’23US$204.08
US$281.70
+38.0%
7.9%US$320.00US$248.00n/a10
Aug ’23US$206.23
US$268.20
+30.0%
11.6%US$320.00US$220.00n/a10
Jul ’23US$175.93
US$285.90
+62.5%
17.4%US$375.00US$223.00n/a10
Jun ’23US$186.83
US$285.90
+53.0%
17.4%US$375.00US$223.00n/a10
May ’23US$215.99
US$348.00
+61.1%
8.4%US$400.00US$305.00n/a10
Apr ’23US$257.61
US$348.00
+35.1%
8.4%US$400.00US$305.00n/a10
Mar ’23US$265.96
US$347.00
+30.5%
8.0%US$400.00US$305.00n/a10
Feb ’23US$258.67
US$357.40
+38.2%
7.6%US$407.00US$300.00n/a10
Jan ’23US$314.09
US$364.90
+16.2%
6.0%US$407.00US$330.00US$168.1610
Dec ’22US$267.19
US$364.90
+36.6%
6.0%US$407.00US$330.00US$192.9410
Nov ’22US$319.92
US$348.80
+9.0%
10.4%US$407.00US$300.00US$188.6710
Oct ’22US$279.03
US$326.10
+16.9%
14.4%US$395.00US$230.00US$187.0810
Sep ’22US$324.03
US$297.80
-8.1%
15.3%US$371.00US$230.00US$204.0810
Aug ’22US$239.16
US$246.70
+3.2%
6.1%US$280.00US$230.00US$206.2310
Jul ’22US$216.30
US$237.40
+9.8%
3.3%US$250.00US$221.00US$175.9310
Jun ’22US$213.57
US$237.40
+11.2%
3.3%US$250.00US$221.00US$186.8310
May ’22US$229.18
US$235.00
+2.5%
4.0%US$245.00US$210.00US$215.9910
Apr ’22US$210.07
US$233.50
+11.2%
3.6%US$240.00US$210.00US$257.6110
Mar ’22US$232.11
US$221.40
-4.6%
15.2%US$240.00US$124.00US$265.9610
Feb ’22US$199.58
US$202.50
+1.5%
17.3%US$225.00US$100.00US$258.6710
Jan ’22US$217.61
US$194.50
-10.6%
16.9%US$220.00US$100.00US$314.0910

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies