Toast, Inc. (TOST) is a publicly traded company in the Technology — Software - Infrastructure industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Toast, Inc. delivers a comprehensive cloud-based digital technology platform tailored specifically for the restaurant sector, serving businesses across the United States and Ireland. Its extensive product suite features an array of hardware solutions, including the foundational Toast Point of Sale (POS) system.
Is Toast, Inc. stock overvalued or undervalued in 2026?
Toast, Inc. (TOST) trades at 40.4× earnings (P/E), above the median of the 314 technology companies over $2bn in Kaplio's universe. At its sector median (32.0×) $25 (-21 %).
Kaplio overview: Toast, Inc.
Market cap $16B · 52 weeks $22 – $39 (19 % below the high) · P/E 40.4× · 2027 expected P/E 18.5× · Dividend none · Next earnings November 3, 2026 · expected EPS $0.36 · Closing price, Oct 29 · accounts published Aug 4.
- Valuation: P/E 40.4× (expensive).
- Business: ROIC 21 % (fair).
- Balance sheet: Net cash/EBITDA 3.2× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At its sector median (32.0×) $25 (-21 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 5 of 7 pass
- Gross margin 25.8 %, fails.
- FCF / Revenue 9.9 %, fails.
- 3y revenue growth 25.6 %, passes.
- Rule of 40 (SaaS only) 35, passes, near the threshold.
- ROIC 20.9 %, passes.
- SBC / Revenue 3.9 %, passes.
- Net debt / EBITDA −3.2×, passes.
Against its peers (reference peers) — Toast, Inc.: P/E 40.4×; EV/EBITDA 28.1×; ROIC 20.9 %; $16.3B. Shift4 Payments, Inc. (P/E 67.1×; EV/EBITDA 8.9×; ROIC 4.4 %; $4.1B), Dlocal Limited (P/E 20.1×; EV/EBITDA 12.6×; ROIC 31.8 %; $4.0B), Agilysys, Inc. (P/E 74.3×; EV/EBITDA 47.5×; ROIC 9.5 %; $3.3B).
Profitability
| Return on Equity | 23.79% |
| Return on Invested Capital | 20.94% |
| Return on Assets | 15.28% |
| Gross Margin | 26.68% |
| Operating Margin | 6.39% |
| Net Margin | 7.14% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 2.40 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 14.51 |
Price Performance
| 1 month | +8.66% |
| 3 months | -2.39% |
| Year-to-date | -11.29% |
| 1 year | -8.40% |
| 3 years | +97.00% |
| 5 years | -40.81% |
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Explore sector: Technology · Software - Infrastructure
More sections of TOST: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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