Similarweb Ltd. Ordinary Shares (SMWB)

FairStock Score: 20/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business. Similarweb provides digital data and analytics, helping customers benchmark competitors and understand digital acquisition. That can create some switching costs and data scale benefits, but I see no wide moat I can confidently underwrite. The latest filed quarter, fiscal Q2 2026, showed revenue of $77.2M and a net loss of $3.6M, a -4.65% margin. The company does generate trailing free cash flow of $14.1M, a 6.5% FCF yield on the $217.9M market cap. Still, the balance sheet gives me pause: debt-to-equity is 2.01, Altman Z-Score is -1.46, ROE is -94.02%, and ROCE is -3.15%. Piotroski F-Score of 5/9 is middling. At the 2026-10-13 close of $8.69, the P/E is -34.76 and P/B is 36.21. A FairStock Score of 20/100 suggests the numbers are not attractive. Growth is modest and profitability is negative, so the market is paying a high price relative to book value and earnings. I would want to see consistent positive net income, lower leverage, and a wider margin of safety before calling this a sound value opportunity. Until then, it looks more like a speculative data-analytics story than a Graham-style bargain.

In plain English: Similarweb sells digital data and analytics that help businesses compare their website and app performance with competitors. The company is still losing money and has more debt than is comfortable, though it does generate some free cash. At $8.69 a share on 2026-10-13, the price looks expensive against its losses and accounting value, so it is not an obvious bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer