Overview Dividends

(PUBM) Pubmatic - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US74467Q1031

Ssp, Header Bidding, Identity Hub, Activate, Convert

PUBM EPS (Earnings per Share)

EPS (Earnings per Share) of PUBM over the last years for every Quarter: "2020-09": 0.01, "2020-12": 0.34, "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": 0.05, "2025-09": 0.03,
EPS Growth (3y CAGR): -51.54%
EPS Trend (3y Corr): 8.8%
Last SUE: 3.56σ

PUBM Revenue

Revenue of PUBM over the last years for every Quarter: 2020-09: 37.797, 2020-12: 56.242, 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,
Revenue Growth (3y CAGR): -3.19%
Revenue Trend (3y Corr): 23.7%
Last SUE: 1.03σ
Risk via 10d forecast
Volatility 64.0%
Value at Risk 5%th 80.1%
Relative Tail Risk -23.89%
Reward TTM
Sharpe Ratio -0.40
Alpha -59.40
Character TTM
Hurst Exponent 0.397
Beta 1.359
Beta Downside 1.249
Drawdowns 3y
Max DD 69.28%
Mean DD 29.87%
Median DD 30.54%

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.

PUBM Stock Overview

Market Cap in USD 426m
Sub-Industry Advertising
IPO / Inception 2020-12-09
Return 12m vs S&P 500 -45.4%
Analyst Rating 3.91 of 5

PUBM Dividends

Currently no dividends paid

PUBM Growth Ratios

Metric Value
CAGR 3y -15.44%
CAGR/Max DD Calmar Ratio -0.22
CAGR/Mean DD Pain Ratio -0.52
Current Volume 823.8k
Average Volume 585.2k

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) 52.92

1. Piotroski 4.50pt = -0.50
2. FCF Yield 14.44% = 5.0
3. FCF Margin 16.72% = 4.18
4. Debt/Equity 0.18 = 2.48
5. Debt/Ebitda -2.65 = 2.50
6. ROIC - WACC (= -13.47)% = -12.50
7. RoE -2.78% = -0.46
8. Rev. Trend 23.72% = 1.78
9. EPS Trend 8.81% = 0.44

What is the price of PUBM shares?

As of November 18, 2025, the stock is trading at USD 9.19 with a total of 823,819 shares traded.
Over the past week, the price has changed by +20.13%, over one month by +15.60%, over three months by +8.63% and over the past year by -37.40%.

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 11.5 25.1%
Analysts Target Price 11.5 25.1%
ValueRay Target Price 7.8 -15.5%

PUBM Fundamental Data Overview November 15, 2025

Market Cap USD = 425.9m (425.9m USD * 1.0 USD.USD)
P/E Forward = 53.4759
P/S = 1.4767
P/B = 1.8116
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 = 333.9m USD (425.9m + Debt 44.6m - CCE 136.5m)
Interest Coverage Ratio = -2.99 (Ebit TTM -10.7m / Interest Expense TTM -3.59m)
FCF Yield = 14.44% (FCF TTM 48.2m / Enterprise Value 333.9m)
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 = 0.49 (Enterprise Value 333.9m / 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 = 10.22% (E(425.9m)/V(470.4m) * Re(11.02%) + D(44.6m)/V(470.4m) * Rd(3.20%) * (1-Tc(0.21)))
Discount Rate = 11.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -8.56%
[DCF Debug] Terminal Value 64.16% ; FCFE base≈47.2m ; Y1≈39.0m ; Y5≈28.3m
Fair Price DCF = 8.80 (DCF Value 335.9m / Shares Outstanding 38.2m; 5y FCF grow -20.84% → 3.0% )
EPS Correlation: 8.81 | EPS CAGR: -51.54% | SUE: 3.56 | # QB: 2
Revenue Correlation: 23.72 | Revenue CAGR: -3.19% | SUE: 1.03 | # QB: 2

Additional Sources for PUBM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle