Tuya Inc.

NYSE:TUYA Stock Report

Market Cap: US$1.4b

Tuya Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

US$2.29
Fair Value
0.2% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: TUYA ($2.29) is trading below our estimate of fair value ($2.29)

Significantly Below Fair Value: TUYA is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TUYA. This is calculated by dividing TUYA's market cap by their current earnings.
What is TUYA's PE Ratio?
PE Ratio28.5x
EarningsUS$48.36m
Market CapUS$1.38b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TUYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31x
KARO Karooooo
24.8x11.43%US$1.5b
FIVN Five9
51.6x35.68%US$1.6b
OPRA Opera
15.2x17.95%US$1.2b
PRCH Porch Group
32.2x29.23%US$986.3m
TUYA Tuya
28.5x14.56%US$1.4b

Price-To-Earnings vs Peers: TUYA is good value based on its Price-To-Earnings Ratio (28.5x) compared to the peer average (31x).

Price to Earnings Ratio vs Industry

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

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MARA MARA Holdings
4.8x-93.44%US$4.70b
XNET Xunlei
0.4xn/aUS$453.36m
EXOD Exodus Movement
3.9x-32.49%US$451.57m
TONX TON Strategy
2.4x-149.47%US$211.54m
TUYA 28.5xIndustry Avg. 31.5xNo. of Companies13PE020406080100+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TUYA is good value based on its Price-To-Earnings Ratio (28.5x) compared to the US Software industry average (31.5x).

Price to Earnings Ratio vs Fair Ratio

What is TUYA'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.

TUYA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.5x
Fair PE Ratio28.9x

Price-To-Earnings vs Fair Ratio: TUYA is good value based on its Price-To-Earnings Ratio (28.5x) compared to the estimated Fair Price-To-Earnings Ratio (28.9x).

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 TUYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.29
US$3.33
+45.33%
4.35%US$3.50US$3.15n/a5
Nov ’26US$2.28
US$3.31
+45.09%
4.65%US$3.50US$3.15n/a5
Oct ’26US$2.50
US$3.31
+32.32%
4.65%US$3.50US$3.15n/a5
Sep ’26US$2.66
US$3.32
+24.74%
4.36%US$3.50US$3.20n/a5
Aug ’26US$2.29
US$3.23
+40.83%
5.54%US$3.50US$3.00n/a4
Jul ’26US$2.33
US$3.23
+38.41%
5.54%US$3.50US$3.00n/a4
Jun ’26US$2.42
US$3.75
+54.96%
24.33%US$5.30US$3.00n/a4
May ’26US$2.31
US$4.25
+83.98%
19.44%US$5.30US$3.00n/a4
Apr ’26US$2.98
US$3.84
+28.75%
23.40%US$5.30US$2.90n/a6
Mar ’26US$3.40
US$3.44
+1.23%
19.06%US$4.50US$2.90n/a6
Feb ’26US$2.48
US$2.99
+20.63%
3.37%US$3.20US$2.90n/a6
Jan ’26US$1.79
US$2.71
+51.30%
15.38%US$3.20US$2.00n/a6
Dec ’25US$1.73
US$2.71
+56.55%
15.38%US$3.20US$2.00US$2.266
Nov ’25US$1.51
US$2.61
+72.85%
14.85%US$2.93US$2.00US$2.285
Oct ’25US$1.77
US$2.59
+46.33%
15.64%US$2.93US$2.00US$2.505
Sep ’25US$1.55
US$2.85
+84.00%
16.90%US$3.50US$2.00US$2.665
Aug ’25US$1.47
US$2.99
+103.54%
8.97%US$3.50US$2.70US$2.295
Jul ’25US$1.68
US$2.99
+78.10%
8.97%US$3.50US$2.70US$2.335
Jun ’25US$2.02
US$3.01
+49.13%
9.85%US$3.50US$2.70US$2.424
May ’25US$1.74
US$2.85
+63.79%
4.47%US$3.00US$2.70US$2.314
Apr ’25US$1.85
US$2.85
+54.05%
4.47%US$3.00US$2.70US$2.984
Mar ’25US$1.88
US$2.80
+49.07%
4.15%US$3.00US$2.70US$3.404
Feb ’25US$1.83
US$2.73
+49.04%
1.02%US$2.76US$2.70US$2.484
Jan ’25US$2.30
US$2.58
+12.07%
9.62%US$2.76US$2.15US$1.794
Dec ’24US$2.28
US$2.52
+10.38%
10.30%US$2.70US$2.15US$1.733
US$3.33
Fair Value
31.2% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/07 02:56
End of Day Share Price 2025/12/05 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

Tuya Inc. is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yue Hang ChanBofA Global Research
Liping ZhaoChina International Capital Corporation Limited
Junyun ChenCitic Securities Co., Ltd.