BASE Valuation

Couchbase Inc

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24.340

+0.01(0.041%)1D

Overview
Forecast
Valuation
Earnings

BASE Relative Valuation

BASE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BASE is overvalued; if below, it's undervalued.

Historical Valuation

Couchbase Inc (BASE) is now in the Fair zone, suggesting that its current forward PS ratio of 5.64 is considered Fairly compared with the five-year average of -51.02. The fair price of Couchbase Inc (BASE) is between 14.34 to 30.67 according to relative valuation methord.

Relative Value

Fair Zone

14.34-30.67

Current Price：24.34

Fair

-255.14

Trailing

Forward

-198.00

EV/EBITDA

Couchbase Inc. (BASE) has a current EV/EBITDA of -198.00. The 5-year average EV/EBITDA is -39.82. The thresholds are as follows: Strongly Undervalued below -120.72, Undervalued between -120.72 and -80.27, Fairly Valued between 0.63 and -80.27, Overvalued between 0.63 and 41.08, and Strongly Overvalued above 41.08. The current Forward EV/EBITDA of -198.00 falls within the Strongly Undervalued range.

-131.32

EV/EBIT

Couchbase Inc. (BASE) has a current EV/EBIT of -131.32. The 5-year average EV/EBIT is -32.64. The thresholds are as follows: Strongly Undervalued below -87.74, Undervalued between -87.74 and -60.19, Fairly Valued between -5.10 and -60.19, Overvalued between -5.10 and 22.45, and Strongly Overvalued above 22.45. The current Forward EV/EBIT of -131.32 falls within the Strongly Undervalued range.

5.64

Couchbase Inc. (BASE) has a current PS of 5.64. The 5-year average PS is 5.26. The thresholds are as follows: Strongly Undervalued below 0.52, Undervalued between 0.52 and 2.89, Fairly Valued between 7.63 and 2.89, Overvalued between 7.63 and 9.99, and Strongly Overvalued above 9.99. The current Forward PS of 5.64 falls within the Historic Trend Line -Fairly Valued range.

303.56

P/OCF

Couchbase Inc. (BASE) has a current P/OCF of 303.56. The 5-year average P/OCF is -85.25. The thresholds are as follows: Strongly Undervalued below -758.89, Undervalued between -758.89 and -422.07, Fairly Valued between 251.57 and -422.07, Overvalued between 251.57 and 588.38, and Strongly Overvalued above 588.38. The current Forward P/OCF of 303.56 falls within the Overvalued range.

222.05

P/FCF

Couchbase Inc. (BASE) has a current P/FCF of 222.05. The 5-year average P/FCF is -246.49. The thresholds are as follows: Strongly Undervalued below -1703.71, Undervalued between -1703.71 and -975.10, Fairly Valued between 482.12 and -975.10, Overvalued between 482.12 and 1210.72, and Strongly Overvalued above 1210.72. The current Forward P/FCF of 222.05 falls within the Historic Trend Line -Fairly Valued range.

Couchbase Inc (BASE) has a current Price-to-Book (P/B) ratio of 10.43. Compared to its 3-year average P/B ratio of 6.61 , the current P/B ratio is approximately 57.85% higher. Relative to its 5-year average P/B ratio of 6.31, the current P/B ratio is about 65.15% higher. Couchbase Inc (BASE) has a Forward Free Cash Flow (FCF) yield of approximately -2.09%. Compared to its 3-year average FCF yield of -4.14%, the current FCF yield is approximately -49.65% lower. Relative to its 5-year average FCF yield of -4.29% , the current FCF yield is about -51.32% lower.

10.43

P/B

Median3y

6.61

Median5y

6.31

-2.09

FCF Yield

Median3y

-4.14

Median5y

-4.29

Competitors Valuation Multiple

The average P/S ratio for BASE's competitors is 29.90, providing a benchmark for relative valuation. Couchbase Inc Corp (BASE) exhibits a P/S ratio of 5.64, which is -81.12% above the industry average. Given its robust revenue growth of 10.12%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Verb Technology Company Inc

Playtika Holding Corp

Performance Decomposition

Market capitalization of BASE increased by 24.06% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -12.98 to -17.84.

The secondary factor is the Revenue Growth, contributed 10.12%to the performance.

Overall, the performance of BASE in the past 1 year is driven by P/E Change. Which is more unsustainable.

10.12%

51.33M → 56.52M

Revenue Growth

-23.52%

-40.90 → -31.28

Margin Expansion

37.46%

-12.98 → -17.84

P/E Change

24.06%