TTD

Nasdaq

Trade Desk, Inc.

Communication Services, Advertising

$13.80

close 7 Aug 2026

-74.05%

52-week change

$6.48B

market cap

$12.83

$56.77

52-week range

Expected price

$158.71 – $193.98

Current price

$13.80

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)16.43x

P/S (TTM)2.17x

P/B2.52x

EV/EBITDA (TTM)—

FCF yield (TTM)13.31%

PEG (TTM, GAAP)0.16

Context

P/E, own 5-year average235.47x

P/E, sector median16.67x*

Price at 5-year median P/E$175.61*

Forward — analyst consensus

Forward P/E (FY2026)7.47x*

Forward P/E (FY2027)6.36x

Forward PEG0.43*

Consensus EPS FY2026 (19 analysts)$1.85

EPS growth (FY2026→FY2027)17.43%

Revenue growth (FY2026)-5.86%

Street view

Price target (mean)$24.05*

Target upside74.30%

Ratings (buy / hold / sell)13 / 19 / 4

FY2026 EPS revisions, 30d (up / down)2 / 19

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +19.17%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$13.80

Cash & equivalents$1.12B

Total debt—

Shares outstanding469.88M

Result

DCF price per share—

Current price$13.80

Margin of safety—

PV of years 1–10$15.43B

PV of terminal value$43.04B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.03B	$1.23B	$1.46B	$1.74B	$2.07B	$2.47B	$2.95B	$3.51B	$4.18B	$4.99B	$92.91B
PV	$952.31M	$1.05B	$1.16B	$1.28B	$1.41B	$1.56B	$1.72B	$1.90B	$2.09B	$2.31B	$43.04B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026