Using the industry peer median P/E multiple (trailing + forward), Workday, Inc. (WDAY) has a fair value of $182.50 based on 9 comparable companies in the Software - Application industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Workday, Inc.WDAY | 33,640 | 49.5x | 12.2x |
| Salesforce, Inc.CRM | 173,532 | 23.7x | 15.7x |
| Uber Technologies, Inc.UBER | 146,581 | 14.9x | 21.3x |
| AppLovin CorporationAPP | 132,592 | 40.2x | 25.1x |
| Intuit Inc.INTU | 120,829 | 31.8x | 18.7x |
| ServiceNow, Inc.NOW | 109,061 | 62.4x | 24.9x |
| Cadence Design Systems, Inc.CDNS | 76,822 | 69.4x | 39.9x |
| Autodesk, Inc.ADSK | 50,905 | 45.9x | 23.5x |
| Fair Isaac CorporationFICO | 24,747 | 39.3x | 25.1x |
| PTC Inc.PTC | 17,233 | 23.8x | 29.0x |
| Industry Median | 39.3x | 24.9x | |
| (*) Profit after tax | 693 | 2,757 | |
| Equity Value | 27,240 | 68,905 | |
| (/) Outstanding shares | 263 | 263 | |
| Fair Price | $103 | $262 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.