Planet Labs PBC

NYSE:PL Stock Report

Market Cap: US$3.9b

Planet Labs PBC Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

US$1.35
Fair Value
861.3% overvalued intrinsic discount
9
Number of Analysts

Below Fair Value: PL ($12.98) is trading above our estimate of fair value ($1.35)

Significantly Below Fair Value: PL is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for PL. This is calculated by dividing PL's market cap by their current revenue.
What is PL's PS Ratio?
PS Ratio15.2x
SalesUS$262.47m
Market CapUS$3.94b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for PL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.7x
EXPO Exponent
6.8x6.29%US$3.5b
CBZ CBIZ
1.2x9.39%US$2.9b
FCN FTI Consulting
1.4x5.41%US$5.1b
HURN Huron Consulting Group
1.5x8.97%US$2.3b
PL Planet Labs PBC
15.2x17.52%US$3.9b

Price-To-Sales vs Peers: PL is expensive based on its Price-To-Sales Ratio (15.2x) compared to the peer average (2.7x).

Price to Sales Ratio vs Industry

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

26 CompaniesPrice / SalesEstimated GrowthMarket Cap
CNXC Concentrix
0.3x3.27%US$2.98b
NSP Insperity
0.3x4.92%US$1.85b
MAN ManpowerGroup
0.1x3.71%US$1.76b
KFRC Kforce
0.4x0.76%US$528.81m
PL 15.2xIndustry Avg. 1.3xNo. of Companies26PS01.63.24.86.48+
26 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PL is expensive based on its Price-To-Sales Ratio (15.2x) compared to the US Professional Services industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is PL'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.

PL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio15.2x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: PL is expensive based on its Price-To-Sales Ratio (15.2x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

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 PL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.98
US$9.23
-28.86%
27.55%US$12.00US$4.50n/a9
Sep ’26US$7.09
US$7.16
+0.99%
20.24%US$9.00US$4.50n/a10
Aug ’26US$6.18
US$7.16
+15.86%
20.24%US$9.00US$4.50n/a10
Jul ’26US$6.16
US$6.65
+7.88%
19.84%US$8.50US$4.50n/a11
Jun ’26US$3.84
US$5.80
+51.04%
21.68%US$8.00US$3.50n/a11
May ’26US$3.35
US$5.80
+73.13%
21.68%US$8.00US$3.50n/a11
Apr ’26US$3.43
US$6.03
+75.72%
17.02%US$8.00US$4.50n/a11
Mar ’26US$4.62
US$6.11
+32.23%
18.38%US$8.00US$4.50n/a11
Feb ’26US$6.10
US$5.84
-4.32%
21.12%US$8.00US$4.00n/a11
Jan ’26US$4.04
US$4.60
+13.86%
10.65%US$5.00US$3.50n/a10
Dec ’25US$3.93
US$4.02
+2.21%
20.85%US$5.00US$2.50n/a9
Nov ’25US$2.27
US$4.02
+76.95%
20.85%US$5.00US$2.50n/a9
Oct ’25US$2.20
US$4.02
+82.50%
19.79%US$5.00US$2.50US$12.9810
Sep ’25US$2.69
US$4.21
+56.32%
29.21%US$7.00US$2.00US$7.0910
Aug ’25US$2.30
US$4.21
+82.83%
29.21%US$7.00US$2.00US$6.1810
Jul ’25US$1.77
US$4.24
+139.27%
28.67%US$7.00US$2.00US$6.1610
Jun ’25US$1.86
US$4.46
+139.78%
25.74%US$7.00US$3.00US$3.8410
May ’25US$1.76
US$4.46
+153.41%
25.74%US$7.00US$3.00US$3.3510
Apr ’25US$2.25
US$4.68
+108.00%
23.90%US$7.00US$3.00US$3.4310
Mar ’25US$2.25
US$4.83
+114.67%
23.15%US$7.00US$3.00US$4.6210
Feb ’25US$2.31
US$4.94
+113.70%
22.65%US$7.00US$3.00US$6.1011
Jan ’25US$2.47
US$4.97
+101.33%
22.51%US$7.00US$3.00US$4.0411
Dec ’24US$2.53
US$5.44
+114.88%
13.84%US$7.00US$4.00US$3.9311
Nov ’24US$2.06
US$5.44
+163.90%
13.84%US$7.00US$4.00US$2.2711
Oct ’24US$2.60
US$5.44
+109.09%
13.84%US$7.00US$4.00US$2.2011
US$9.23
Fair Value
40.6% overvalued intrinsic discount
9
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 Analysis2025/09/30 17:01
End of Day Share Price 2025/09/30 00:00
Earnings2025/07/31
Annual Earnings2025/01/31

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

Planet Labs PBC is covered by 14 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
Colin CanfieldCantor Fitzgerald & Co.
Jason GurskyCitigroup Inc
Jason GurskyCitigroup Inc