The Trade Desk, Inc. (TTD) Valuation — DCF, Graham & Comparables

The Trade Desk, Inc. (TTD) — Price $12.86 (closing price, November 3, 2026) — Communication Services — Advertising Agencies — NASDAQ

Latest reported results:

Valuation dashboard for The Trade Desk, Inc. (TTD) with P/E 15.13, P/B 2.34, EV/EBITDA 6.7 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Communication Services companies.

The Trade Desk, Inc. is a global technology company that provides a self-service, cloud-based platform. This platform enables advertising buyers to efficiently create, manage, and optimize data-driven digital ad campaigns across diverse formats and channels, including display, video, audio, native, and social media, reaching audiences on computers, mobile devices, and connected TVs. In addition to the platform, the company offers various data and value-added services.

What would it be worth at its usual multiples?

No valuation verdict: its twelve-month earnings are above what analysts expect, so today's P/E looks lower than it will be.

Note: earnings per share over the last twelve months ($0.85) are far from the consensus for 2027 ($0.22); that is why this range uses expected earnings.

Analysis Summary

The Trade Desk, Inc. reported revenue of $2.90B in the most recent fiscal year, growing at a 5-year CAGR of 28.2%. Net income reached $443.3M, with a 12.8% 5-year CAGR.

Trailing-twelve-month margins: gross margin 76.9%, operating margin 19.6%, net margin 13.6%.

At $12.86 (closing price, November 3, 2026), TTD trades at a P/E of 15.13 and an ROE of 16.09%. Market capitalisation stands at $6.1B.

Balance sheet quality for TTD: debt-to-equity ratio of 0.17, current ratio of 1.72 over the last 12 months. 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 Ratio15.13
Price / Book2.34
EV / EBITDA6.7
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
TTDThe Trade Desk, Inc.$6.1B15.132.3416.1%
STGWStagwell Inc.$2.6B289.253.791.3%
WPPWPP plc$5.9B1.70-9.3%
LFTOLiftoff Mobile, Inc. Common Stock$2.5B49.39-6.0%
OMCOmnicom Group Inc.$22.8B33.542.296.8%
0KBK.LOmnicom Group Inc.$18.0B33.072.286.8%
QMMMQMMM Holdings Limited Ordinary Shares$5.8B348.43-72.3%
0LF5.LThe Trade Desk, Inc.$5.4B15.482.3716.1%

Price

Price$12.86 (closing price, November 3, 2026)
Market Cap$6.1B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity16.09%
Return on Invested Capital12.18%
Return on Assets7.06%
Gross Margin76.87%
Operating Margin19.61%
Net Margin13.61%

Related companies: STGW · WPP · LFTO · OMC · 0KBK.L · 0LF5.L · WPP.L

Explore sector: Communication Services · Advertising Agencies

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

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