(PUBM) Pubmatic - Overview

Sector: TechnologyIndustry: Software - Application | Exchange NASDAQ (USA) | Currency USD | Market Cap: 379m | Total Return -17.8% in 12m

Stock: Advertising Technology, Platform, Data, Identity

Total Rating 50
Risk 79
Buy Signal 0.25
Software - Application +12.4
Advertising +10.3
Market Cap: 379m
Avg Trading Vol: 6.16M USD
ATR: 4.56%
Peers RS (IBD): 70.0
Risk 5d forecast
Volatility 60.4%
Relative Tail Risk -22.5%
Reward TTM
Sharpe Ratio 0.01
Alpha -34.56
Character TTM
Beta 1.076
Beta Downside 2.242
Drawdowns 3y
Max DD 73.86%
CAGR/Max DD -0.20

EPS (Earnings per Share)

EPS (Earnings per Share) of PUBM over the last years for every Quarter: "2021-03": 0.09, "2021-06": 0.18, "2021-09": 0.24, "2021-12": 0.42, "2022-03": 0.08, "2022-06": 0.14, "2022-09": 0.22, "2022-12": 0.22, "2023-03": -0.11, "2023-06": -0.11, "2023-09": 0.03, "2023-12": 0.34, "2024-03": -0.05, "2024-06": 0.04, "2024-09": 0.12, "2024-12": 0.41, "2025-03": -0.04, "2025-06": -0.11, "2025-09": 0.03, "2025-12": 0.29,
EPS CAGR: 40.98%
EPS Trend: 0.4%
Last SUE: 3.68
Qual. Beats: 2

Revenue

Revenue of PUBM over the last years for every Quarter: 2021-03: 43.608, 2021-06: 49.658, 2021-09: 58.086, 2021-12: 75.556, 2022-03: 54.552, 2022-06: 63.032, 2022-09: 64.5, 2022-12: 74.296, 2023-03: 55.407, 2023-06: 63.33, 2023-09: 63.677, 2023-12: 84.6, 2024-03: 66.701, 2024-06: 67.267, 2024-09: 71.786, 2024-12: 85.502, 2025-03: 63.825, 2025-06: 71.095, 2025-09: 67.96, 2025-12: 80.046,
Rev. CAGR: 10.77%
Rev. Trend: 54.5%
Last SUE: 1.23
Qual. Beats: 3

Description: PUBM Pubmatic March 05, 2026

PubMatic, Inc. (PUBM) operates a cloud-based infrastructure platform for programmatic advertising. This technology facilitates real-time transactions between digital content creators and advertisers globally.

The companys core offering is its Sell-Side Platform (SSP), which manages the buying and selling of digital ad inventory for publishers and buyers. Programmatic advertising automates the sale and fulfillment of digital ad space, a common practice in online media.

PubMatic provides various solutions, including OpenWrap for header bidding, Connect for data insights, Activate for direct deals, Convert for commerce media, and Identity Hub for ID management. These tools support diverse ad formats and devices, including mobile, desktop, video, and Connected TV (CTV). The ad tech sector is highly competitive, with numerous platforms vying for market share.

For more detailed analysis of PubMatics performance and market position, consider exploring ValueRays comprehensive reports.

Headlines to watch out for

  • Programmatic advertising spending growth drives platform revenue
  • Publisher adoption of SSP platform expands inventory
  • Connected TV advertising market share increases revenue
  • Data privacy regulations impact ad targeting capabilities

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: -14.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 0.07 > 1.0
NWC/Revenue: 51.89% < 20% (prev 53.81%; Δ -1.93% < -1%)
CFO/TA 0.12 > 3% & CFO 81.1m > Net Income -14.5m
Net Debt (-101.7m) to EBITDA (27.8m): -3.65 < 3
Current Ratio: 1.39 > 1.5 & < 3
Outstanding Shares: last quarter (49.3m) vs 12m ago -6.28% < -2%
Gross Margin: 63.56% > 18% (prev 0.65%; Δ 6.29k% > 0.5%)
Asset Turnover: 39.86% > 50% (prev 39.38%; Δ 0.47% > 0%)
Interest Coverage Ratio: -530.8 > 6 (EBITDA TTM 27.8m / Interest Expense TTM 30.0k)

Altman Z'' 2.25

A: 0.22 (Total Current Assets 522.6m - Total Current Liabilities 375.9m) / Total Assets 680.2m
B: 0.20 (Retained Earnings 134.9m / Total Assets 680.2m)
C: -0.02 (EBIT TTM -15.9m / Avg Total Assets 709.9m)
D: 0.32 (Book Value of Equity 135.0m / Total Liabilities 417.6m)
Altman-Z'' Score: 2.25 = BBB

Beneish M -3.16

DSRI: 0.87 (Receivables 358.2m/424.8m, Revenue 282.9m/291.3m)
GMI: 1.03 (GM 63.56% / 65.31%)
AQI: 1.19 (AQ_t 0.10 / AQ_t-1 0.08)
SGI: 0.97 (Revenue 282.9m / 291.3m)
TATA: -0.14 (NI -14.5m - CFO 81.1m) / TA 680.2m)
Beneish M-Score: -3.16 (Cap -4..+1) = AA

What is the price of PUBM shares?

As of March 27, 2026, the stock is trading at USD 8.31 with a total of 783,484 shares traded.
Over the past week, the price has changed by +2.97%, over one month by +17.54%, over three months by -7.46% and over the past year by -17.80%.

Is PUBM a buy, sell or hold?

Pubmatic has received a consensus analysts rating of 3.91. Therefore, it is recommended to buy PUBM.
  • StrongBuy: 4
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the PUBM price?

Issuer Target Up/Down from current
Wallstreet Target Price 11.6 39.7%
Analysts Target Price 11.6 39.7%

PUBM Fundamental Data Overview March 24, 2026

P/E Forward = 53.4759
P/S = 1.3379
P/B = 1.4424
P/EG = 5.3444
Revenue TTM = 282.9m USD
EBIT TTM = -15.9m USD
EBITDA TTM = 27.8m USD
Long Term Debt = 43.9m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 6.95m USD (from shortTermDebt, last quarter)
Debt = 43.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -101.7m USD (from netDebt column, last quarter)
Enterprise Value = 276.9m USD (378.5m + Debt 43.9m - CCE 145.5m)
Interest Coverage Ratio = -530.8 (Ebit TTM -15.9m / Interest Expense TTM 30.0k)
EV/FCF = 8.50x (Enterprise Value 276.9m / FCF TTM 32.6m)
FCF Yield = 11.76% (FCF TTM 32.6m / Enterprise Value 276.9m)
FCF Margin = 11.51% (FCF TTM 32.6m / Revenue TTM 282.9m)
Net Margin = -5.11% (Net Income TTM -14.5m / Revenue TTM 282.9m)
Gross Margin = 63.56% ((Revenue TTM 282.9m - Cost of Revenue TTM 103.1m) / Revenue TTM)
Gross Margin QoQ = 68.17% (prev 62.62%)
Tobins Q-Ratio = 0.41 (Enterprise Value 276.9m / Total Assets 680.2m)
Interest Expense / Debt = 3.25% (Interest Expense 1.43m / Debt 43.9m)
Taxrate = 30.36% (2.91m / 9.60m)
NOPAT = -11.1m (EBIT -15.9m * (1 - 30.36%)) [loss with tax shield]
Current Ratio = 1.39 (Total Current Assets 522.6m / Total Current Liabilities 375.9m)
Debt / Equity = 0.17 (Debt 43.9m / totalStockholderEquity, last quarter 262.6m)
Debt / EBITDA = -3.65 (Net Debt -101.7m / EBITDA 27.8m)
Debt / FCF = -3.12 (Net Debt -101.7m / FCF TTM 32.6m)
Total Stockholder Equity = 256.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.04% (Net Income -14.5m / Total Assets 680.2m)
RoE = -5.64% (Net Income TTM -14.5m / Total Stockholder Equity 256.6m)
RoCE = -5.30% (EBIT -15.9m / Capital Employed (Equity 256.6m + L.T.Debt 43.9m))
RoIC = -4.32% (negative operating profit) (NOPAT -11.1m / Invested Capital 256.6m)
WACC = 8.99% (E(378.5m)/V(422.4m) * Re(9.77%) + D(43.9m)/V(422.4m) * Rd(3.25%) * (1-Tc(0.30)))
Discount Rate = 9.77% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -5.26%
[DCF] Terminal Value 72.96% ; FCFF base≈33.5m ; Y1≈30.0m ; Y5≈25.4m
[DCF] Fair Price = 12.55 (EV 389.7m - Net Debt -101.7m = Equity 491.4m / Shares 39.1m; r=8.99% [WACC]; 5y FCF grow -13.04% → 3.0% )
EPS Correlation: 0.40 | EPS CAGR: 40.98% | SUE: 3.68 | # QB: 2
Revenue Correlation: 54.55 | Revenue CAGR: 10.77% | SUE: 1.23 | # QB: 3
EPS next Quarter (2026-06-30): EPS=-0.04 | Chg7d=+0.000 | Chg30d=-0.025 | Revisions Net=+0 | Analysts=5
EPS current Year (2026-12-31): EPS=0.25 | Chg7d=+0.000 | Chg30d=+0.102 | Revisions Net=+0 | Growth EPS=-23.6% | Growth Revenue=+1.2%
EPS next Year (2027-12-31): EPS=0.47 | Chg7d=+0.000 | Chg30d=+0.458 | Revisions Net=+0 | Growth EPS=+85.7% | Growth Revenue=+7.9%

Additional Sources for PUBM Stock

Fund Manager Positions: Dataroma | Stockcircle