PubMatic, Inc.

PubMatic, Inc.

PUBMยทNASDAQ

$11.38

-5.5%
TechnologySoftware - Application

PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic advertising transactions for Internet content creators and advertisers worldwide. The company's solutions include Openwrap, a header bidding solution that provides enterprise-grade management and analytics tools; Openwrap OTT, a header bidding management solution for OTT; Openwrap SDK, a header bidding solution for in-app developers; private marketplace solutions; and media buyer consoles. In addition, it offers Real-Time Bidding (RTB) programmatic technologies, which provides various selling options across screens and ad formats; digital advertising inventory quality solutions to detect and filter out invalid traffic and other nefarious activity; Ad quality solutions targeting the reduction of security issues, quality issues, and performance issues; Identity Hub, an identity solution that allows for the use of any advertiser preferred user identifier in a scaled and privacy-compliant fashion; Audience Encore, an audience data platform; and cross-platform video, a sell side platform, which connects trusted video buyers to premium publishers. The company's platform supports an array of ad formats and digital device types, including mobile app, mobile web, desktop, display, video, over-the-top (OTT), connected television, and media. PubMatic, Inc. was incorporated in 2006 and is based in Redwood City, California.

At a Glance

Live Snapshot
Market Cap$531.48M
EPS-0.3100
P/E Ratio-36.71
Earnings Date08/10/2026
PubMatic, Inc.

PubMatic, Inc. Fair Value Envelope

PUBM ยท NASDAQ

Our analysis suggests that PUBM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $11.38, this represents a potential HIDDEN relative to our calculated worth for PubMatic, Inc..

Intrinsic Value
Current Price: $11.38

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$455.6B
+ Cash & Equivalents$145.5M
Firm Value$455.7B
- Debt$43.9M
Equity Value$455.7B
/ Shares Outstanding48,139,703B
DCF Value$9.5K
UNDERVALUED BY 83077%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$155.0M
$296.3M
$566.4M
$1.1B
$2.1B
$4.0B
$7.6B
$14.5B
$27.6B
$52.9B
Maintenance CapEx
-$5.5M
-$10.5M
-$20.0M
-$38.3M
-$73.3M
-$140.1M
-$267.8M
-$511.9M
-$978.6M
-$1.9B
Owner Earnings
$149.5M
$285.8M
$546.3M
$1.0B
$2.0B
$3.8B
$7.3B
$14.0B
$26.7B
$51.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$138.4M
$245.0M
$433.7M
$767.7M
$1.4B
$2.4B
$4.3B
$7.5B
$13.3B
$23.6B
Terminal Value represents 88.1% of Enterprise Value