Ping Identity Holding Corp.

NYSE:PING Stock Report

Market Cap: US$2.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Ping Identity Holding Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: PING ($28.5) is trading above our estimate of fair value ($16.9)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PING. This is calculated by dividing PING's market cap by their current revenue.
What is PING's PS Ratio?
PS Ratio8x
SalesUS$308.32m
Market CapUS$2.46b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PING vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
PRGS Progress Software
3.1x6.0%US$2.5b
NABL N-able
3x7.2%US$1.4b
APPN Appian
3.5x9.7%US$2.1b
CVLT Commvault Systems
7.8x12.0%US$7.2b
PING Ping Identity Holding
8x17.5%US$2.5b

Price-To-Sales vs Peers: PING is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (5.1x).

Price to Sales Ratio vs Industry

How does PING's PS Ratio compare vs other companies in the US Software Industry?

75 CompaniesPrice / SalesEstimated GrowthMarket Cap
RNG RingCentral
1x5.3%US$2.30b
VYX NCR Voyix
0.5x-11.2%US$1.37b
DSP Viant Technology
0.8x10.3%US$837.62m
PGY Pagaya Technologies
0.8x12.4%US$795.15m
PING 8.0xIndustry Avg. 4.5xNo. of Companies75PS048121620+
75 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PING is expensive based on its Price-To-Sales Ratio (8x) compared to the US Software industry average (4.1x)

Price to Sales Ratio vs Fair Ratio

What is PING'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.

PING PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8x
Fair PS Ratio4.9x

Price-To-Sales vs Fair Ratio: PING is expensive based on its Price-To-Sales Ratio (8x) compared to the estimated Fair Price-To-Sales Ratio (4.9x).

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 PING forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Mar ’26n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Feb ’26n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jan ’26n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Dec ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Nov ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Oct ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Sep ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Aug ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jul ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jun ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
May ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Apr ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Mar ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Feb ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jan ’25n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Dec ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Nov ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Oct ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Sep ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Aug ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jul ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Jun ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
May ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7
Apr ’24n/a
US$28.43
0%
0.6%US$28.50US$28.00n/a7

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/10/18 23:56
End of Day Share Price 2022/10/17 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

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

Ping Identity Holding Corp. is covered by 19 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan RuykhaverBaird
Saket KaliaBarclays
Tal LianiBofA Global Research