TTD

The Trade Desk, Inc.

Communication Services · $5.7B market cap

Verdict

Share price

$11.95

close of Oct 3, 2026

Fair value

$20.84

Sticker Price

Payback Price

$8.33

buy price

Undervalued

TTD is Undervalued: at $11.95 it trades 43% below its fair value of $20.84. Its buy price (Payback Price) is $8.33, 30% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

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

Earnings per share growth26.6% a year✓
Equity per share growth37.0% a year✓
Sales growth32.1% a year✓
Free cash flow growth25.7% a year✓
Return on invested capital9.6%✗

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Insider activity

Since Jun 11, 2026: no open-market purchases and 19 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

About The Trade Desk, Inc.

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…

Advertising Agencies

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