(PUBM) Pubmatic - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US74467Q1031
Ssp, Header Bidding, Identity Hub, Activate, Convert
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 62.5% |
| Value at Risk 5%th | 79.6% |
| Relative Tail Risk | -22.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.44 |
| Alpha | -60.99 |
| CAGR/Max DD | -0.23 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.354 |
| Beta | 1.340 |
| Beta Downside | 1.271 |
| Drawdowns 3y | |
|---|---|
| Max DD | 69.28% |
| Mean DD | 30.35% |
| Median DD | 31.72% |
Description: PUBM Pubmatic October 23, 2025
PubMatic, Inc. (NASDAQ: PUBM) operates a cloud-based infrastructure that powers real-time programmatic advertising for publishers and buyers worldwide. Its flagship Sell-Side Platform (SSP) enables the automated sale of digital inventory, while complementary solutions such as OpenWrap (header bidding), Connect (data insights), Activate (direct-deal execution), Convert (commerce-media), and Identity Hub (alternative ID management) expand the ecosystem across formats-including mobile, desktop, video, OTT, and CTV.
In FY 2023 the company generated roughly $400 million in revenue, up about 10 % year-over-year, driven by strong growth in CTV and video inventory that now represents ~30 % of total spend. Gross margins hovered near 55 %, and the balance sheet held >$300 million in cash and marketable securities, providing runway for continued product investment. The broader programmatic advertising market is expanding at a 12-15 % CAGR, propelled by advertiser demand for data-rich, automated buying and by privacy-driven shifts toward first-party data solutions-both of which align with PubMatic’s technology stack.
If you’re looking to dig deeper into PubMatic’s valuation metrics and scenario analysis, the ValueRay platform offers a transparent, data-first toolkit that can help you model upside and downside cases.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (-7.25m TTM) > 0 and > 6% of Revenue (6% = 17.3m TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA 0.52pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 45.78% (prev 47.20%; Δ -1.41pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.12 (>3.0%) and CFO 80.9m > Net Income -7.25m (YES >=105%, WARN >=100%) |
| Net Debt (-92.0m) to EBITDA (34.7m) ratio: -2.65 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (45.9m) change vs 12m ago -6.37% (target <= -2.0% for YES) |
| Gross Margin 64.44% (prev 65.46%; Δ -1.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 42.24% (prev 42.13%; Δ 0.11pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.99 (EBITDA TTM 34.7m / Interest Expense TTM -3.59m) >= 6 (WARN >= 3) |
Altman Z'' 2.11
| (A) 0.20 = (Total Current Assets 520.4m - Total Current Liabilities 388.4m) / Total Assets 676.2m |
| (B) 0.19 = Retained Earnings (Balance) 128.2m / Total Assets 676.2m |
| (C) -0.02 = EBIT TTM -10.7m / Avg Total Assets 682.7m |
| (D) 0.30 = Book Value of Equity 128.3m / Total Liabilities 431.1m |
| Total Rating: 2.11 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.84
| 1. Piotroski 4.50pt |
| 2. FCF Yield 15.19% |
| 3. FCF Margin 16.72% |
| 4. Debt/Equity 0.18 |
| 5. Debt/Ebitda -2.65 |
| 6. ROIC - WACC (= -13.38)% |
| 7. RoE -2.78% |
| 8. Rev. Trend 31.75% |
| 9. EPS Trend -24.73% |
What is the price of PUBM shares?
As of December 02, 2025, the stock is trading at USD 9.03 with a total of 592,856 shares traded.
Over the past week, the price has changed by +4.27%, over one month by +8.73%, over three months by +5.99% and over the past year by -46.35%.
Over the past week, the price has changed by +4.27%, over one month by +8.73%, over three months by +5.99% and over the past year by -46.35%.
Is PUBM a buy, sell or hold?
Pubmatic has received a consensus analysts rating of 3.91.
Therefore, it is recommended to buy PUBM.
- Strong Buy: 4
- Buy: 2
- Hold: 5
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PUBM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.9 | 32.2% |
| Analysts Target Price | 11.9 | 32.2% |
| ValueRay Target Price | 7.5 | -16.8% |
PUBM Fundamental Data Overview November 25, 2025
Market Cap USD = 409.4m (409.4m USD * 1.0 USD.USD)
P/E Forward = 53.4759
P/S = 1.4196
P/B = 1.6686
P/EG = 5.3444
Beta = 1.495
Revenue TTM = 288.4m USD
EBIT TTM = -10.7m USD
EBITDA TTM = 34.7m USD
Long Term Debt = 44.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 6.33m USD (from shortTermDebt, last quarter)
Debt = 44.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -92.0m USD (from netDebt column, last quarter)
Enterprise Value = 317.4m USD (409.4m + Debt 44.6m - CCE 136.5m)
Interest Coverage Ratio = -2.99 (Ebit TTM -10.7m / Interest Expense TTM -3.59m)
FCF Yield = 15.19% (FCF TTM 48.2m / Enterprise Value 317.4m)
FCF Margin = 16.72% (FCF TTM 48.2m / Revenue TTM 288.4m)
Net Margin = -2.51% (Net Income TTM -7.25m / Revenue TTM 288.4m)
Gross Margin = 64.44% ((Revenue TTM 288.4m - Cost of Revenue TTM 102.5m) / Revenue TTM)
Gross Margin QoQ = 62.62% (prev 62.57%)
Tobins Q-Ratio = 0.47 (Enterprise Value 317.4m / Total Assets 676.2m)
Interest Expense / Debt = 3.20% (Interest Expense 1.43m / Debt 44.6m)
Taxrate = 20.91% (-1.71m / -8.16m)
NOPAT = -8.48m (EBIT -10.7m * (1 - 20.91%)) [loss with tax shield]
Current Ratio = 1.34 (Total Current Assets 520.4m / Total Current Liabilities 388.4m)
Debt / Equity = 0.18 (Debt 44.6m / totalStockholderEquity, last quarter 245.1m)
Debt / EBITDA = -2.65 (Net Debt -92.0m / EBITDA 34.7m)
Debt / FCF = -1.91 (Net Debt -92.0m / FCF TTM 48.2m)
Total Stockholder Equity = 260.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.07% (Net Income -7.25m / Total Assets 676.2m)
RoE = -2.78% (Net Income TTM -7.25m / Total Stockholder Equity 260.3m)
RoCE = -3.52% (EBIT -10.7m / Capital Employed (Equity 260.3m + L.T.Debt 44.6m))
RoIC = -3.26% (negative operating profit) (NOPAT -8.48m / Invested Capital 260.3m)
WACC = 10.12% (E(409.4m)/V(454.0m) * Re(10.95%) + D(44.6m)/V(454.0m) * Rd(3.20%) * (1-Tc(0.21)))
Discount Rate = 10.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.56%
[DCF Debug] Terminal Value 64.39% ; FCFE base≈47.2m ; Y1≈39.0m ; Y5≈28.3m
Fair Price DCF = 8.88 (DCF Value 338.7m / Shares Outstanding 38.2m; 5y FCF grow -20.84% → 3.0% )
EPS Correlation: -24.73 | EPS CAGR: -50.53% | SUE: 3.56 | # QB: 2
Revenue Correlation: 31.75 | Revenue CAGR: -2.79% | SUE: 1.03 | # QB: 2
EPS next Quarter (2026-03-31): EPS=-0.17 | Chg30d=-0.073 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=0.15 | Chg30d=+0.012 | Revisions Net=+3 | Growth EPS=-30.2% | Growth Revenue=+0.7%
P/E Forward = 53.4759
P/S = 1.4196
P/B = 1.6686
P/EG = 5.3444
Beta = 1.495
Revenue TTM = 288.4m USD
EBIT TTM = -10.7m USD
EBITDA TTM = 34.7m USD
Long Term Debt = 44.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 6.33m USD (from shortTermDebt, last quarter)
Debt = 44.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -92.0m USD (from netDebt column, last quarter)
Enterprise Value = 317.4m USD (409.4m + Debt 44.6m - CCE 136.5m)
Interest Coverage Ratio = -2.99 (Ebit TTM -10.7m / Interest Expense TTM -3.59m)
FCF Yield = 15.19% (FCF TTM 48.2m / Enterprise Value 317.4m)
FCF Margin = 16.72% (FCF TTM 48.2m / Revenue TTM 288.4m)
Net Margin = -2.51% (Net Income TTM -7.25m / Revenue TTM 288.4m)
Gross Margin = 64.44% ((Revenue TTM 288.4m - Cost of Revenue TTM 102.5m) / Revenue TTM)
Gross Margin QoQ = 62.62% (prev 62.57%)
Tobins Q-Ratio = 0.47 (Enterprise Value 317.4m / Total Assets 676.2m)
Interest Expense / Debt = 3.20% (Interest Expense 1.43m / Debt 44.6m)
Taxrate = 20.91% (-1.71m / -8.16m)
NOPAT = -8.48m (EBIT -10.7m * (1 - 20.91%)) [loss with tax shield]
Current Ratio = 1.34 (Total Current Assets 520.4m / Total Current Liabilities 388.4m)
Debt / Equity = 0.18 (Debt 44.6m / totalStockholderEquity, last quarter 245.1m)
Debt / EBITDA = -2.65 (Net Debt -92.0m / EBITDA 34.7m)
Debt / FCF = -1.91 (Net Debt -92.0m / FCF TTM 48.2m)
Total Stockholder Equity = 260.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.07% (Net Income -7.25m / Total Assets 676.2m)
RoE = -2.78% (Net Income TTM -7.25m / Total Stockholder Equity 260.3m)
RoCE = -3.52% (EBIT -10.7m / Capital Employed (Equity 260.3m + L.T.Debt 44.6m))
RoIC = -3.26% (negative operating profit) (NOPAT -8.48m / Invested Capital 260.3m)
WACC = 10.12% (E(409.4m)/V(454.0m) * Re(10.95%) + D(44.6m)/V(454.0m) * Rd(3.20%) * (1-Tc(0.21)))
Discount Rate = 10.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.56%
[DCF Debug] Terminal Value 64.39% ; FCFE base≈47.2m ; Y1≈39.0m ; Y5≈28.3m
Fair Price DCF = 8.88 (DCF Value 338.7m / Shares Outstanding 38.2m; 5y FCF grow -20.84% → 3.0% )
EPS Correlation: -24.73 | EPS CAGR: -50.53% | SUE: 3.56 | # QB: 2
Revenue Correlation: 31.75 | Revenue CAGR: -2.79% | SUE: 1.03 | # QB: 2
EPS next Quarter (2026-03-31): EPS=-0.17 | Chg30d=-0.073 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=0.15 | Chg30d=+0.012 | Revisions Net=+3 | Growth EPS=-30.2% | Growth Revenue=+0.7%
Additional Sources for PUBM Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle