Teladoc Health, Inc.

NYSE:TDOC Stock Report

Market Cap: US$1.7b

Teladoc Health Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of TDOC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TDOC ($9.28) is trading below our estimate of future cash flow value ($14.98)

Significantly Below Future Cash Flow Value: TDOC is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TDOC. This is calculated by dividing TDOC's market cap by their current revenue.
What is TDOC's PS Ratio?
PS Ratio0.7x
SalesUS$2.51b
Market CapUS$1.66b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TDOC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
HTFL HeartFlow
12x19.52%US$2.4b
SDGR Schrödinger
4.8x13.51%US$1.3b
GDRX GoodRx Holdings
1.3x5.22%US$995.7m
CERT Certara
2.5x2.33%US$1.1b
TDOC Teladoc Health
0.7x1.45%US$1.7b

Price-To-Sales vs Peers: TDOC is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (5.2x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does TDOC's PS Ratio compare vs other companies in the US Healthcare Services Industry?

13 CompaniesPrice / SalesEstimated GrowthMarket Cap
EVH Evolent Health
0.4x15.53%US$633.27m
CTEV Claritev
0.5x3.76%US$560.87m
HCAT Health Catalyst
0.6x-8.73%US$165.52m
DH Definitive Healthcare
0.4x-2.27%US$115.24m
TDOC 0.7xIndustry Avg. 2.5xNo. of Companies13PS02.44.87.29.612+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TDOC is good value based on its Price-To-Sales Ratio (0.7x) compared to the US Healthcare Services industry average (2.5x).

Price to Sales Ratio vs Fair Ratio

What is TDOC'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.

TDOC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio2x

Price-To-Sales vs Fair Ratio: TDOC is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (2x).

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 TDOC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$9.28
US$7.68
-17.30%
23.06%US$10.50US$5.00n/a20
Jul ’27US$9.10
US$7.40
-18.68%
21.85%US$10.00US$5.00n/a20
Jun ’27US$7.91
US$7.24
-8.49%
22.42%US$10.00US$5.00n/a21
May ’27US$6.46
US$7.10
+9.83%
22.87%US$10.00US$5.00n/a21
Apr ’27US$5.28
US$7.05
+33.43%
24.78%US$11.00US$5.00n/a21
Mar ’27US$5.26
US$7.51
+42.76%
27.09%US$12.00US$5.00n/a22
Feb ’27US$5.45
US$8.93
+63.89%
17.65%US$12.00US$6.50n/a22
Jan ’27US$7.00
US$9.18
+31.10%
15.93%US$12.00US$7.00n/a22
Dec ’26US$7.44
US$9.21
+23.78%
16.16%US$12.00US$7.00n/a21
Nov ’26US$8.63
US$9.33
+8.05%
15.75%US$12.00US$7.00n/a20
Oct ’26US$7.80
US$9.13
+16.99%
17.40%US$12.00US$7.00n/a20
Sep ’26US$7.73
US$9.13
+18.05%
17.40%US$12.00US$7.00n/a20
Aug ’26US$6.94
US$9.13
+31.48%
17.40%US$12.00US$7.00n/a20
Jul ’26US$8.58
US$8.97
+4.59%
20.65%US$12.00US$7.00US$9.1019
Jun ’26US$6.92
US$8.97
+29.68%
20.65%US$12.00US$7.00US$7.9119
May ’26US$6.99
US$9.45
+35.16%
18.56%US$12.00US$7.00US$6.4619
Apr ’26US$7.76
US$10.64
+37.10%
14.51%US$14.00US$8.00US$5.2818
Mar ’26US$9.56
US$11.05
+15.61%
17.24%US$16.00US$8.00US$5.2619
Feb ’26US$10.16
US$11.00
+8.27%
16.70%US$14.00US$8.00US$5.4520
Jan ’26US$9.09
US$10.95
+20.46%
16.65%US$14.00US$8.00US$7.0020
Dec ’25US$11.98
US$10.80
-9.85%
16.13%US$14.00US$8.00US$7.4420
Nov ’25US$9.21
US$10.40
+12.92%
15.55%US$14.00US$8.00US$8.6320
Oct ’25US$8.86
US$9.95
+12.30%
20.28%US$17.00US$8.00US$7.8020
Sep ’25US$7.17
US$9.76
+36.15%
21.01%US$17.00US$8.00US$7.7321
Aug ’25US$8.59
US$12.38
+44.13%
36.86%US$25.00US$8.00US$6.9421
Jul ’25US$9.32
US$16.52
+77.29%
24.02%US$25.00US$10.00US$8.5821
US$7.68
Fair Value
20.9% overvalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/10 21:39
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Teladoc Health, Inc. is covered by 34 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Peter WarendorfBarclays
Ravi MisraBerenberg