Palantir Technologies Inc.

NYSE:PLTR Stock Report

Market Cap: US$143.5b

Palantir Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: PLTR ($62.12) is trading above our estimate of fair value ($39.44)

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

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for PLTR. This is calculated by dividing PLTR's market cap by their current book value.
What is PLTR's PB Ratio?
PB Ratio31.5x
BookUS$4.50b
Market CapUS$143.47b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for PLTR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average38.8x
APP AppLovin
116.3x30.0%US$107.8b
INTU Intuit
9.9x16.2%US$180.6b
SNPS Synopsys
10.8x12.7%US$82.0b
CDNS Cadence Design Systems
18.3x16.4%US$82.2b
PLTR Palantir Technologies
31.5x23.3%US$143.5b

Price-To-Book vs Peers: PLTR is good value based on its Price-To-Book Ratio (31.5x) compared to the peer average (38.8x).

Price to Book Ratio vs Industry

How does PLTR'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
PLTR 31.5xIndustry Avg. 3.5xNo. of Companies36PB03.26.49.612.816+
36 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PLTR is expensive based on its Price-To-Book Ratio (31.5x) compared to the US Software industry average (3.5x).

Price to Book Ratio vs Fair Ratio

What is PLTR'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.

PLTR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio31.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PLTR'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?

The above table shows the analyst PLTR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$62.12
US$37.20
-40.1%
34.9%US$57.00US$11.00n/a16
Nov ’25US$41.92
US$28.21
-32.7%
37.0%US$50.00US$9.00n/a17
Oct ’25US$36.46
US$26.69
-26.8%
37.7%US$50.00US$9.00n/a16
Sep ’25US$31.48
US$25.30
-19.6%
28.1%US$38.00US$9.00n/a17
Aug ’25US$26.08
US$23.13
-11.3%
27.6%US$35.00US$9.00n/a16
Jul ’25US$25.88
US$21.42
-17.2%
30.6%US$35.00US$9.00n/a17
Jun ’25US$21.68
US$21.51
-0.8%
31.4%US$35.00US$9.00n/a16
May ’25US$22.12
US$20.28
-8.3%
33.4%US$35.00US$5.00n/a18
Apr ’25US$22.86
US$20.02
-12.4%
33.4%US$35.00US$5.00n/a18
Mar ’25US$24.93
US$18.63
-25.3%
30.8%US$30.00US$5.00n/a16
Feb ’25US$16.33
US$15.56
-4.7%
35.6%US$25.00US$5.00n/a16
Jan ’25US$17.17
US$15.63
-9.0%
35.0%US$25.00US$5.00n/a16
Dec ’24US$20.27
US$15.63
-22.9%
35.0%US$25.00US$5.00n/a16
Nov ’24US$14.92
US$13.93
-6.6%
37.3%US$25.00US$5.00US$41.9216
Oct ’24US$16.00
US$14.12
-11.8%
37.7%US$25.00US$5.00US$36.4616
Sep ’24US$15.18
US$13.90
-8.4%
39.3%US$25.00US$5.00US$31.4815
Aug ’24US$19.99
US$11.86
-40.7%
48.2%US$25.00US$5.00US$26.0814
Jul ’24US$15.33
US$10.15
-33.8%
41.9%US$18.00US$5.00US$25.8813
Jun ’24US$14.54
US$8.84
-39.2%
29.4%US$15.00US$5.00US$21.6814
May ’24US$7.78
US$8.75
+12.4%
31.2%US$15.00US$5.00US$22.1215
Apr ’24US$8.45
US$8.73
+3.3%
32.3%US$15.00US$5.00US$22.8614
Mar ’24US$7.69
US$8.73
+13.5%
32.3%US$15.00US$5.00US$24.9314
Feb ’24US$8.20
US$8.43
+2.8%
37.4%US$15.00US$4.50US$16.3313
Jan ’24US$6.42
US$9.13
+42.3%
37.1%US$15.00US$4.50US$17.1712
Dec ’23US$7.86
US$9.74
+23.9%
32.8%US$15.00US$5.00US$20.2711
Nov ’23US$8.65
US$10.56
+22.1%
35.6%US$20.00US$6.00US$14.9211

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

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