SNOW

Snowflake Inc.

Technology · $113.7B market cap

Verdict

Share price

$341.04

close of Oct 3, 2026

Fair value

$138.79

Sticker Price

Payback Price

—

no buy price

Overpriced

SNOW is Overpriced: at $341.04 it trades 146% above its fair value of $138.79. There's no buy price: it has lost money 3 years in a row, so its value rests on sales alone. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Sales-Based (P/S). It has reported a loss for 3 years in a row. Its free cash flow looks positive ($1.12B), but $1.60B of that is stock paid to employees rather than cash, so we value it on its sales instead.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth-18.8% a year✗
Sales growth43.8% a year✓
Free cash flow growth26.8% a year✓
Return on invested capital-25.0%✗

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Superinvestors

4 of the investors we track hold SNOW. In Q2 2026, 2 opened a position and 1 added. Who we track

Moves in Q2 2026

New position: Viking Global Investors, Lee Ainslie

Added: Howard Marks

Insider activity

Since Sep 1, 2026: no open-market purchases, 9 sales worth $61.0M and 15 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Snowflake Inc.

Snowflake Inc. delivers a cloud-centric data platform to customers across both the United States and international markets. The company's core offering, known as the Data Cloud, enables users to unify disparate data sources into a singular, reliable foundation. This unified data then facilitates the extraction of crucial business intelligence, the creation of innovative data-driven applications, and secure data…

Software - Application

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works