N-able, Inc.

NYSE:NABL Stock Report

Market Cap: US$1.8b

N-able Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$13.94
Fair Value
30.0% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: NABL ($9.76) is trading below our estimate of fair value ($13.94)

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

Key Valuation Metric

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

Key metric: As NABL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NABL. This is calculated by dividing NABL's market cap by their current earnings.
What is NABL's PE Ratio?
PE Ratio49x
EarningsUS$37.02m
Market CapUS$1.83b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NABL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.4x
PRGS Progress Software
36.3x36.2%US$2.5b
RPD Rapid7
52.8x19.3%US$2.5b
ATEN A10 Networks
30.2x10.6%US$1.5b
SWI SolarWinds
66.3x47.9%US$2.6b
NABL N-able
49x10.9%US$1.8b

Price-To-Earnings vs Peers: NABL is expensive based on its Price-To-Earnings Ratio (49x) compared to the peer average (46.1x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
YXT YXT.COM Group Holding
1.4xn/aUS$95.52m
NISN Nisun International Enterprise Development Group
1.9xn/aUS$31.47m
NXTT Next Technology Holding
0.4xn/aUS$9.21m
ULY Urgent.ly
0.08x-13.0%US$7.15m
NABL 49.0xIndustry Avg. 42.2xNo. of Companies12PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NABL is expensive based on its Price-To-Earnings Ratio (49x) compared to the US Software industry average (42.2x).

Price to Earnings Ratio vs Fair Ratio

What is NABL'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.

NABL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49x
Fair PE Ratio26.1x

Price-To-Earnings vs Fair Ratio: NABL is expensive based on its Price-To-Earnings Ratio (49x) compared to the estimated Fair Price-To-Earnings Ratio (26.1x).

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 NABL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$9.76
US$13.00
+33.2%
14.8%US$16.50US$11.00n/a5
Jan ’26US$9.34
US$13.64
+46.0%
14.2%US$16.50US$11.20n/a5
Dec ’25US$10.44
US$14.25
+36.5%
11.8%US$16.50US$12.00n/a4
Nov ’25US$12.31
US$15.38
+24.9%
9.0%US$17.00US$14.00n/a4
Oct ’25US$12.69
US$15.38
+21.2%
9.0%US$17.00US$14.00n/a4
Sep ’25US$12.86
US$15.38
+19.6%
9.0%US$17.00US$14.00n/a4
Aug ’25US$13.72
US$15.38
+12.1%
9.0%US$17.00US$14.00n/a4
Jul ’25US$15.06
US$15.38
+2.1%
9.0%US$17.00US$14.00n/a4
Jun ’25US$13.35
US$15.38
+15.2%
9.0%US$17.00US$14.00n/a4
May ’25US$12.31
US$15.46
+25.6%
7.4%US$17.00US$14.00n/a5
Apr ’25US$13.03
US$15.46
+18.6%
7.4%US$17.00US$14.00n/a5
Mar ’25US$13.31
US$15.50
+16.5%
8.2%US$17.00US$14.00n/a4
Feb ’25US$13.33
US$15.38
+15.3%
7.8%US$17.00US$14.00US$9.694
Jan ’25US$13.25
US$15.25
+15.1%
6.8%US$16.50US$14.00US$9.344
Dec ’24US$12.23
US$15.25
+24.7%
6.8%US$16.50US$14.00US$10.444
Nov ’24US$13.05
US$15.63
+19.7%
4.2%US$16.50US$15.00US$12.314
Oct ’24US$12.90
US$15.63
+21.1%
4.2%US$16.50US$15.00US$12.694
Sep ’24US$13.45
US$15.63
+16.2%
4.2%US$16.50US$15.00US$12.864
Aug ’24US$14.18
US$15.63
+10.2%
2.7%US$16.00US$15.00US$13.724
Jul ’24US$14.41
US$15.13
+5.0%
4.9%US$16.00US$14.00US$15.064
Jun ’24US$14.30
US$15.13
+5.8%
4.9%US$16.00US$14.00US$13.354
May ’24US$12.91
US$13.88
+7.5%
6.4%US$15.00US$13.00US$12.314
Apr ’24US$13.20
US$13.88
+5.1%
6.4%US$15.00US$13.00US$13.034
Mar ’24US$12.03
US$13.88
+15.3%
6.4%US$15.00US$13.00US$13.314
Feb ’24US$10.63
US$12.75
+19.9%
8.5%US$14.00US$11.00US$13.334
Analyst Price Target
Consensus Narrative from 5 Analysts
US$13.00
Fair Value
24.9% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 23:39
End of Day Share Price 2025/02/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

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 Github.

Analyst Sources

N-able, Inc. is covered by 9 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Edward MagiBerenberg
Keith BachmanBMO Capital Markets Equity Research