Semrush Holdings Valuation

Is SEMR 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-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 SEMR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SEMR ($14.27) is trading above our estimate of fair value ($10.46)

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


Key Valuation Metric

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

Key metric: As SEMR is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SEMR. This is calculated by dividing SEMR's market cap by their current revenue.
What is SEMR's PS Ratio?
PS Ratio5.9x
SalesUS$357.57m
Market CapUS$2.07b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SEMR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
CXM Sprinklr
2.6x5.7%US$2.0b
JAMF Jamf Holding
3x12.4%US$1.9b
PD PagerDuty
3.9x9.7%US$1.7b
OPRA Opera
3.8x13.7%US$1.7b
SEMR Semrush Holdings
5.9x16.6%US$2.1b

Price-To-Sales vs Peers: SEMR is expensive based on its Price-To-Sales Ratio (5.9x) compared to the peer average (3.3x).


Price to Sales Ratio vs Industry

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

81 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.04b
PGY Pagaya Technologies
0.7x15.8%US$634.91m
XPER Xperi
0.8x1.8%US$378.82m
0.5x1.1%US$351.48m
SEMR 5.9xIndustry Avg. 5.1xNo. of Companies81PS048121620+
81 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SEMR is expensive based on its Price-To-Sales Ratio (5.9x) compared to the US Software industry average (5.1x).


Price to Sales Ratio vs Fair Ratio

What is SEMR'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.

SEMR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.9x
Fair PS Ratio5.8x

Price-To-Sales vs Fair Ratio: SEMR is expensive based on its Price-To-Sales Ratio (5.9x) compared to the estimated Fair Price-To-Sales Ratio (5.8x).


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 SEMR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.27
US$17.67
+23.8%
9.0%US$21.00US$16.00n/a6
Nov ’25US$13.15
US$17.67
+34.3%
9.0%US$21.00US$16.00n/a6
Oct ’25US$15.24
US$17.17
+12.6%
12.3%US$21.00US$14.00n/a6
Sep ’25US$13.74
US$16.83
+22.5%
9.3%US$19.00US$14.00n/a6
Aug ’25US$14.14
US$16.08
+13.7%
9.6%US$18.00US$14.00n/a6
Jul ’25US$13.61
US$16.08
+18.2%
9.6%US$18.00US$14.00n/a6
Jun ’25US$15.26
US$16.08
+5.4%
9.6%US$18.00US$14.00n/a6
May ’25US$12.40
US$14.00
+12.9%
13.0%US$17.00US$12.00n/a6
Apr ’25US$13.53
US$13.71
+1.4%
13.3%US$17.00US$12.00n/a7
Mar ’25US$12.56
US$13.50
+7.5%
9.3%US$15.00US$12.00n/a6
Feb ’25US$11.55
US$12.00
+3.9%
17.3%US$15.00US$9.00n/a6
Jan ’25US$13.66
US$11.33
-17.0%
17.4%US$15.00US$9.00n/a6
Dec ’24US$11.17
US$11.00
-1.5%
12.9%US$13.00US$9.00n/a6
Nov ’24US$7.61
US$12.00
+57.7%
10.8%US$14.00US$10.00US$13.156
Oct ’24US$8.50
US$11.71
+37.8%
11.8%US$14.00US$10.00US$15.247
Sep ’24US$9.23
US$11.71
+26.9%
11.8%US$14.00US$10.00US$13.747
Aug ’24US$10.63
US$10.93
+2.8%
16.3%US$14.00US$9.00US$14.147
Jul ’24US$9.57
US$11.00
+14.9%
17.4%US$14.00US$9.00US$13.616
Jun ’24US$7.90
US$11.00
+39.2%
17.4%US$14.00US$9.00US$15.266
May ’24US$9.69
US$11.33
+17.0%
16.6%US$14.00US$9.00US$12.406
Apr ’24US$10.05
US$11.33
+12.8%
16.6%US$14.00US$9.00US$13.536
Mar ’24US$7.93
US$13.33
+68.1%
27.3%US$20.00US$9.00US$12.566
Feb ’24US$9.82
US$13.33
+35.8%
27.3%US$20.00US$9.00US$11.556
Jan ’24US$8.14
US$13.67
+67.9%
24.1%US$20.00US$10.00US$13.666
Dec ’23US$9.43
US$14.17
+50.2%
20.5%US$20.00US$11.00US$11.176
Nov ’23US$11.91
US$16.33
+37.1%
11.5%US$20.00US$14.00US$7.616

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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