Workiva Inc.

NYSE:WK Stock Report

Market Cap: US$6.4b

Workiva Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: WK ($114.78) is trading below our estimate of fair value ($143.23)

Significantly Below Fair Value: WK is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for WK. This is calculated by dividing WK's market cap by their current revenue.
What is WK's PS Ratio?
PS Ratio9x
SalesUS$705.44m
Market CapUS$6.36b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for WK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average11x
QTWO Q2 Holdings
9.4x11.1%US$6.3b
SPSC SPS Commerce
11.6x14.2%US$7.1b
CWAN Clearwater Analytics Holdings
15.5x18.6%US$7.1b
COUP Coupa Software
7.5x16.0%US$6.1b
WK Workiva
9x14.9%US$6.4b

Price-To-Sales vs Peers: WK is good value based on its Price-To-Sales Ratio (9x) compared to the peer average (9.6x).

Price to Sales Ratio vs Industry

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

79 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-22.3%US$2.03b
PGY Pagaya Technologies
0.7x15.5%US$659.22m
XPER Xperi
0.9x1.8%US$456.82m
EGHT 8x8
0.5x1.5%US$355.40m
WK 9.0xIndustry Avg. 5.5xNo. of Companies79PS048121620+
79 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WK is expensive based on its Price-To-Sales Ratio (9x) compared to the US Software industry average (5.5x).

Price to Sales Ratio vs Fair Ratio

What is WK'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.

WK PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9x
Fair PS Ratio6.6x

Price-To-Sales vs Fair Ratio: WK is expensive based on its Price-To-Sales Ratio (9x) compared to the estimated Fair Price-To-Sales Ratio (6.6x).

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 WK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$114.78
US$120.38
+4.9%
8.8%US$130.00US$95.00n/a8
Dec ’25US$97.25
US$108.38
+11.4%
8.3%US$120.00US$95.00n/a8
Nov ’25US$79.17
US$98.88
+24.9%
11.5%US$120.00US$85.00n/a8
Oct ’25US$76.88
US$98.88
+28.6%
11.5%US$120.00US$85.00n/a8
Sep ’25US$78.17
US$98.88
+26.5%
11.5%US$120.00US$85.00n/a8
Aug ’25US$72.55
US$101.75
+40.2%
11.7%US$120.00US$85.00n/a8
Jul ’25US$71.49
US$101.75
+42.3%
11.7%US$120.00US$85.00n/a8
Jun ’25US$76.97
US$104.13
+35.3%
10.2%US$120.00US$85.00n/a8
May ’25US$80.30
US$106.09
+32.1%
10.9%US$120.00US$85.00n/a9
Apr ’25US$83.58
US$109.64
+31.2%
9.3%US$120.00US$85.00n/a9
Mar ’25US$85.50
US$109.64
+28.2%
9.3%US$120.00US$85.00n/a9
Feb ’25US$95.37
US$115.85
+21.5%
8.9%US$128.00US$92.00n/a8
Jan ’25US$101.53
US$114.43
+12.7%
8.7%US$123.00US$92.00n/a7
Dec ’24US$99.62
US$115.13
+15.6%
9.4%US$130.00US$92.00US$97.258
Nov ’24US$85.16
US$115.67
+35.8%
8.9%US$130.00US$92.00US$79.179
Oct ’24US$101.34
US$120.89
+19.3%
8.3%US$134.00US$97.00US$76.889
Sep ’24US$110.38
US$117.22
+6.2%
7.2%US$128.00US$97.00US$78.179
Aug ’24US$106.06
US$105.00
-1.0%
12.6%US$128.00US$83.00US$72.558
Jul ’24US$101.66
US$105.00
+3.3%
12.6%US$128.00US$83.00US$71.498
Jun ’24US$97.40
US$101.63
+4.3%
9.2%US$110.00US$83.00US$76.978
May ’24US$93.75
US$98.38
+4.9%
9.7%US$108.00US$77.00US$80.308
Apr ’24US$102.41
US$98.38
-3.9%
9.7%US$108.00US$77.00US$83.588
Mar ’24US$89.00
US$97.13
+9.1%
9.4%US$108.00US$77.00US$85.508
Feb ’24US$92.79
US$88.00
-5.2%
13.0%US$101.00US$65.00US$95.378
Jan ’24US$83.97
US$85.88
+2.3%
12.0%US$101.00US$65.00US$101.538
Dec ’23US$84.33
US$84.38
+0.05%
12.8%US$101.00US$65.00US$99.628

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:01
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Workiva Inc. is covered by 16 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert OliverBaird
Ishan MajumdarBaptista Research
Daniel JesterBMO Capital Markets Equity Research