Toast, Inc. (TOST) Valuation — DCF, Graham & Comparables

Toast, Inc. (TOST) — Price $31.50 (closing price, October 29, 2026) — Technology — Software - Infrastructure — NYSE

Latest reported results:

Valuation dashboard for Toast, Inc. (TOST) with P/E 40.38, P/B 8.85, EV/EBITDA 28.12 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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.

Analysis Summary

Toast, Inc. reported revenue of $6.15B in the most recent fiscal year, growing at a 5-year CAGR of 49.5%.

Trailing-twelve-month margins: gross margin 26.7%, operating margin 6.4%, net margin 7.1%.

At $31.50 (closing price, October 29, 2026), TOST trades at a P/E of 40.38 and an ROE of 23.79%. Market capitalisation stands at $16.3B, placing it among large-cap names.

Balance sheet quality for TOST: current ratio of 2.8. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio40.38
Price / Book8.85
EV / EBITDA28.12
Dividend Yield0.00%

Valuation Models

DCF Fair Value$39.97
vs Current Price+26.9%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
TOSTToast, Inc.$16.3B40.388.8523.8%
DLODlocal Limited$4.0B20.077.4837.6%
AGYSAgilysys, Inc.$3.3B74.278.7413.3%
FOURShift4 Payments, Inc.$4.1B67.111.825.6%
MSFTMicrosoft Corporation$3.9T29.538.2733.2%
PLTRPalantir Technologies Inc.$451.9B166.4648.1737.5%
ORCLOracle Corporation$422.0B21.876.2042.6%
PANWPalo Alto Networks, Inc.$311.3B864.9310.211.7%

Price

Price$31.50 (closing price, October 29, 2026)
Market Cap$16.3B
ExchangeNYSE
CountryUS

Profitability

Return on Equity23.79%
Return on Invested Capital20.94%
Return on Assets15.28%
Gross Margin26.68%
Operating Margin6.39%
Net Margin7.14%

Related companies: DLO · AGYS · FOUR · MSFT · PLTR · ORCL · PANW · 0KF5.L

Explore sector: Technology · Software - Infrastructure

More sections of TOST: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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