BlackLine, Inc.

NasdaqGS:BL Stock Report

Market Cap: US$3.5b

BlackLine Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: BL ($58.67) is trading below our estimate of fair value ($98.4)

Significantly Below Fair Value: BL is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As BL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BL. This is calculated by dividing BL's market cap by their current earnings.
What is BL's PE Ratio?
PE Ratio45.9x
EarningsUS$76.05m
Market CapUS$3.50b

Price to Earnings Ratio vs Peers

How does BL's PE Ratio compare to its peers?

The above table shows the PE ratio for BL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average133.2x
AGYS Agilysys
142.9x29.39%US$3.5b
SPSC SPS Commerce
38.2x17.59%US$3.3b
QTWO Q2 Holdings
148.4x53.58%US$4.7b
RNG RingCentral
203.2x50.73%US$2.7b
BL BlackLine
45.9x8.46%US$3.5b

Price-To-Earnings vs Peers: BL is good value based on its Price-To-Earnings Ratio (45.9x) compared to the peer average (133.2x).

Price to Earnings Ratio vs Industry

How does BL's PE Ratio compare vs other companies in the US Software Industry?

12 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MARA MARA Holdings
4.7x-93.44%US$4.48b
EXOD Exodus Movement
4.1x-32.22%US$446.00m
XNET Xunlei
0.3xn/aUS$440.17m
BTCS BTCS
2.8x-126.41%US$166.28m
BL 45.9xIndustry Avg. 32.9xNo. of Companies13PE020406080100+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BL is expensive based on its Price-To-Earnings Ratio (45.9x) compared to the US Software industry average (32.7x).

Price to Earnings Ratio vs Fair Ratio

What is BL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.9x
Fair PE Ratio26.1x

Price-To-Earnings vs Fair Ratio: BL is expensive based on its Price-To-Earnings Ratio (45.9x) compared to the estimated Fair Price-To-Earnings Ratio (26.1x).

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 BL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$58.67
US$61.08
+4.10%
15.41%US$80.00US$48.00n/a13
Dec ’26US$56.09
US$60.75
+8.31%
16.00%US$80.00US$48.00n/a12
Nov ’26US$57.25
US$61.83
+8.01%
14.95%US$80.00US$48.00n/a12
Oct ’26US$51.08
US$61.83
+21.05%
14.95%US$80.00US$48.00n/a12
Sep ’26US$54.37
US$61.83
+13.73%
14.95%US$80.00US$48.00n/a12
Aug ’26US$52.93
US$59.75
+12.88%
16.26%US$80.00US$45.00n/a12
Jul ’26US$57.45
US$57.00
-0.78%
16.64%US$80.00US$45.00n/a12
Jun ’26US$55.93
US$56.91
+1.75%
17.40%US$80.00US$45.00n/a11
May ’26US$47.33
US$55.55
+17.36%
20.02%US$80.00US$40.00n/a11
Apr ’26US$49.13
US$64.18
+30.64%
15.61%US$80.00US$51.00n/a11
Mar ’26US$48.30
US$64.80
+34.16%
15.90%US$80.00US$51.00n/a10
Feb ’26US$63.85
US$68.20
+6.81%
15.82%US$86.00US$51.00n/a10
Jan ’26US$60.76
US$65.70
+8.13%
17.92%US$86.00US$50.00n/a10
Dec ’25US$62.01
US$63.70
+2.73%
18.35%US$86.00US$50.00US$56.0910
Nov ’25US$55.51
US$57.70
+3.95%
18.01%US$81.00US$46.00US$57.2510
Oct ’25US$54.13
US$57.18
+5.64%
19.30%US$81.00US$45.00US$51.0811
Sep ’25US$49.55
US$56.27
+13.57%
18.36%US$81.00US$45.00US$54.3711
Aug ’25US$46.17
US$59.73
+29.36%
16.77%US$81.00US$49.00US$52.9311
Jul ’25US$48.05
US$61.73
+28.46%
15.66%US$81.00US$49.00US$57.4511
Jun ’25US$47.72
US$62.45
+30.88%
14.98%US$81.00US$49.00US$55.9311
May ’25US$57.94
US$62.03
+7.06%
13.99%US$81.00US$50.00US$47.3312
Apr ’25US$64.00
US$60.88
-4.88%
14.26%US$81.00US$50.00US$49.1312
Mar ’25US$58.71
US$60.13
+2.41%
14.29%US$81.00US$50.00US$48.3012
Feb ’25US$60.53
US$61.63
+1.81%
13.85%US$81.00US$47.00US$63.8512
Jan ’25US$62.44
US$60.95
-2.38%
16.17%US$81.00US$47.00US$60.7611
Dec ’24US$60.00
US$57.78
-3.69%
14.81%US$81.00US$47.00US$62.0112
US$61.08
Fair Value
3.9% undervalued intrinsic discount
13
Number of Analysts

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 Analysis2025/12/12 08:51
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

BlackLine, Inc. is covered by 25 analysts. 14 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
Daniel JesterBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research