Tuya Inc.

NYSE:TUYA Stock Report

Market Cap: US$890.2m

Tuya Valuation

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

Below Fair Value: TUYA ($1.59) is trading below our estimate of fair value ($30.58)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TUYA. This is calculated by dividing TUYA's market cap by their current revenue.
What is TUYA's PS Ratio?
PS Ratio3.2x
SalesUS$280.97m
Market CapUS$890.18m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TUYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.6x
ETWO E2open Parent Holdings
1.5x3.6%US$1.0b
YEXT Yext
2.5x5.4%US$996.5m
EXOD Exodus Movement
9.4xn/aUS$767.2m
DSP Viant Technology
1.1x11.2%US$1.1b
TUYA Tuya
3.2x14.6%US$890.2m

Price-To-Sales vs Peers: TUYA is good value based on its Price-To-Sales Ratio (3.2x) compared to the peer average (3.6x).

Price to Sales Ratio vs Industry

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

82 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
0.7x1.8%US$378.82m
EGHT 8x8
0.5x1.1%US$351.48m
TUYA 3.2xIndustry Avg. 5.1xNo. of Companies82PS048121620+
82 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TUYA is good value based on its Price-To-Sales Ratio (3.2x) compared to the US Software industry average (5.1x).

Price to Sales Ratio vs Fair Ratio

What is TUYA'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.

TUYA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.2x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: TUYA is expensive based on its Price-To-Sales Ratio (3.2x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).

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 TUYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.59
US$2.61
+64.2%
14.8%US$2.93US$2.00n/a5
Nov ’25US$1.51
US$2.61
+72.8%
14.8%US$2.93US$2.00n/a5
Oct ’25US$1.77
US$2.59
+46.3%
15.6%US$2.93US$2.00n/a5
Sep ’25US$1.55
US$2.85
+84.0%
16.9%US$3.50US$2.00n/a5
Aug ’25US$1.47
US$2.99
+103.5%
9.0%US$3.50US$2.70n/a5
Jul ’25US$1.68
US$2.99
+78.1%
9.0%US$3.50US$2.70n/a5
Jun ’25US$2.02
US$3.01
+49.1%
9.8%US$3.50US$2.70n/a4
May ’25US$1.74
US$2.85
+63.8%
4.5%US$3.00US$2.70n/a4
Apr ’25US$1.85
US$2.85
+54.1%
4.5%US$3.00US$2.70n/a4
Mar ’25US$1.88
US$2.80
+49.1%
4.1%US$3.00US$2.70n/a4
Feb ’25US$1.83
US$2.73
+49.0%
1.0%US$2.76US$2.70n/a4
Jan ’25US$2.30
US$2.58
+12.1%
9.6%US$2.76US$2.15n/a4
Dec ’24US$2.28
US$2.52
+10.4%
10.3%US$2.70US$2.15n/a3
Nov ’24US$1.64
US$2.05
+25.0%
8.7%US$2.20US$1.80US$1.513
Oct ’24US$1.55
US$2.13
+37.1%
9.5%US$2.35US$1.80US$1.774
Sep ’24US$1.90
US$2.13
+11.8%
9.5%US$2.35US$1.80US$1.554
Aug ’24US$1.68
US$2.50
+48.8%
11.7%US$3.00US$2.25US$1.474
Jul ’24US$1.89
US$2.50
+32.3%
11.7%US$3.00US$2.25US$1.684
Jun ’24US$2.01
US$2.44
+21.3%
13.9%US$3.00US$2.10US$2.024
May ’24US$1.94
US$2.44
+25.6%
13.9%US$3.00US$2.10US$1.744
Apr ’24US$1.89
US$2.44
+29.0%
13.9%US$3.00US$2.10US$1.854
Mar ’24US$1.87
US$2.01
+7.2%
35.2%US$3.00US$1.15US$1.884
Feb ’24US$2.83
US$1.31
-53.9%
14.6%US$1.57US$1.10US$1.834
Jan ’24US$1.91
US$1.31
-31.7%
14.6%US$1.57US$1.10US$2.304
Dec ’23US$1.10
US$1.31
+18.6%
14.6%US$1.57US$1.10US$2.284
Nov ’23US$0.86
US$3.10
+260.0%
104.4%US$9.50US$1.10US$1.645

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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