Smartsheet Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: SMAR ($37.67) is trading below our estimate of fair value ($74.75)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SMAR 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/Revenue4.8x
Enterprise Value/EBITDA-43.4x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SMAR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.6x
FRSH Freshworks
9x15.2%US$5.4b
DV DoubleVerify Holdings
9.7x17.0%US$5.6b
HCP HashiCorp
8.4x13.3%US$4.9b
COUP Coupa Software
7.5x16.0%US$6.1b
SMAR Smartsheet
5.4x14.3%US$5.2b

Price-To-Sales vs Peers: SMAR is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (9x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.7%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.7%
n/an/an/a
No more companies

Price-To-Sales vs Industry: SMAR is expensive based on its Price-To-Sales Ratio (5.4x) compared to the US Software industry average (4.3x).


Price to Sales Ratio vs Fair Ratio

What is SMAR'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.

SMAR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio6.7x

Price-To-Sales vs Fair Ratio: SMAR is good value based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (6.7x).


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 SMAR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$37.67
US$49.28
+30.8%
11.9%US$57.00US$36.00n/a20
Apr ’25US$38.40
US$49.28
+28.3%
11.9%US$57.00US$36.00n/a20
Mar ’25US$43.00
US$55.93
+30.1%
9.6%US$65.00US$45.00n/a21
Feb ’25US$44.75
US$56.48
+26.2%
8.6%US$65.00US$48.00n/a20
Jan ’25US$47.82
US$55.75
+16.6%
7.9%US$65.00US$48.00n/a20
Dec ’24US$44.48
US$53.57
+20.4%
7.1%US$60.00US$43.00n/a21
Nov ’24US$38.68
US$53.65
+38.7%
7.3%US$60.00US$43.00n/a20
Oct ’24US$40.46
US$53.02
+31.0%
8.0%US$60.00US$43.00n/a19
Sep ’24US$42.22
US$51.02
+20.8%
11.1%US$60.00US$40.00n/a20
Aug ’24US$43.96
US$51.02
+16.0%
11.1%US$60.00US$40.00n/a20
Jul ’24US$38.26
US$50.87
+32.9%
10.7%US$60.00US$40.00n/a20
Jun ’24US$49.08
US$52.01
+6.0%
11.3%US$60.00US$38.10n/a19
May ’24US$40.76
US$51.48
+26.3%
10.8%US$57.00US$38.10n/a19
Apr ’24US$47.80
US$51.48
+7.7%
10.8%US$57.00US$38.10US$38.4019
Mar ’24US$43.37
US$47.16
+8.7%
12.0%US$57.00US$36.00US$43.0020
Feb ’24US$45.04
US$47.06
+4.5%
12.1%US$57.00US$36.00US$44.7520
Jan ’24US$39.36
US$46.26
+17.5%
13.0%US$57.00US$36.00US$47.8220
Dec ’23US$32.51
US$44.33
+36.4%
15.6%US$57.00US$32.00US$44.4819
Nov ’23US$34.63
US$44.86
+29.5%
14.4%US$57.00US$32.00US$38.6819
Oct ’23US$34.36
US$45.14
+31.4%
17.2%US$62.00US$32.00US$40.4617
Sep ’23US$30.82
US$53.67
+74.1%
24.9%US$90.00US$32.00US$42.2215
Aug ’23US$30.36
US$53.96
+77.7%
25.9%US$90.00US$32.00US$43.9614
Jul ’23US$32.24
US$55.79
+73.0%
23.6%US$90.00US$38.00US$38.2614
Jun ’23US$36.23
US$62.71
+73.1%
23.9%US$90.00US$34.00US$49.0814
May ’23US$48.33
US$66.71
+38.0%
21.7%US$90.00US$40.00US$40.7614
Apr ’23US$55.60
US$65.47
+17.7%
20.6%US$90.00US$40.00US$47.8015

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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