Stock Analysis
Toast, Inc.TOST
P/E 37.61×· 5Y range 32.63–1,567.22×· bottom 18% of history
Sector: Technology · Industry: Services-Computer Processing & Data Preparation
AnalystsBuy38 analystsP/E 37.6× sits at the 18th percentile of its 5.0513347022587265-year history.
Cash covers 10412% of debt · Q1 2026.
PMP Verdict
Mixed fundamentals, cheap valuation
Strengths
- Quality87
- Profitability63
Risks
- Growth50
- Financial Health50
Mixed business trading cheap — priced for skepticism.
Bull Case
- ✓Piotroski F-Score 8/9 — high earnings quality
- ✓Altman Z 11.4 — safe-zone balance sheet
- ✓ROE 23.8% — efficient capital deployment
- ✓Revenue CAGR 37.8% — durable top-line growth
- ✓P/E 37.6× at bottom 18% of 5-year history
What's happening with TOST
Profile
Strong earnings quality; moat lags behind.
How is each axis scored?
- Valuation67/100 · Moderate
- P/E vs own history (18th pct)25/25
- FCF yield (3.2%)12/25
- P/S (2.7x)20/25
- EV/EBIT (n/a)10/25
- Growth50/100 · Moderate
- Revenue CAGR (37.8%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (61.7%)25/25
- Profitability63/100 · Moderate
- ROIC (102.6%)25/25
- ROE (23.8%)20/25
- Net margin (7.1%)13/25
- Operating margin (6.3%)5/25
- Financial Health50/100 · Moderate
- Altman Z (11.39)25/25
- Current ratio (2.40)25/25
- Interest coverage (-19.0x)0/25
- Net cash / debt (n/a)0/25
- Quality87/100 · Strong
- Piotroski F (8/9)25/25
- Beneish M (-2.63)25/25
- FCF conversion (119%)25/25
- Margin stability (σ 8.3%)12/25
- Moat16/100 · Weak
- ROIC >12% years (1/4 yrs)0/25
- Median gross margin (21.6%)6/25
- FCF-positive years (3/5 yrs)10/25
- Worst-year net margin (worst -28.6%)0/25
Risk Flags
- ⚠3 loss-making years in recent history
- ⚠Interest coverage -19.0× — thin debt cushion
About Toast, Inc.
Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community. Show more
The company provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as a restaurant operating system, connecting front of house and back of house operations across service models such as dine-in, takeout, and delivery. It operates through one reportable segment consisting of its SaaS products, financial technology solutions, integrated payments, hardware, and partner ecosystem.
Headquarters: BOSTON, MA · Employees: 6,500 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
67BP/E (TTM)37.2xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 32.6x–1567.2x · 18th pct
P/FCF32.5xC
Grade C: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.2%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -2.2%–4.9% · 89th pct
P/S (TTM)2.66xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 2.1x–12.0x · 10th pct
EV/EBITDA36.7xD
Grade D: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral — vs own 5Y history: 36.0x–44.2x · 30th pct
EV/Sales2.6xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E23.0xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio8.85xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.32A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
63BROIC102.6%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE23.8%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA15.7%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin7.1%C
Grade C: AverageNet Income / Revenue
Operating Margin6.3%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin26.7%D
Grade D: LowGross Profit / Revenue
FCF Margin8.5%C
Grade C: AverageFCF / Revenue
True FCF Margin5.1%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
50CRevenue CAGR37.8%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth61.7%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income47.5%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue3.4%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
50CAltman Z-Score11.39A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.40xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.16xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-19.0xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
87APiotroski F-Score8/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.63A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion118.5%A
Grade A: StrongFCF / Net Income
Margin Stability8.3%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue0.9%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover2.20xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Vassil Jonathan Filed | Vassil Jonathan | Option exercise | -7623 | |
Vassil Jonathan Filed | Vassil Jonathan | SellOpen market sale | -7623 | |
Vassil Jonathan Filed | Vassil Jonathan | Option exercise | +7.6K | |
Gomez Elena Filed | Gomez Elena | SellOpen market sale | -11886 | |
Fredette Stephen Filed | Fredette Stephen | SellOpen market sale | -9368 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Narang Aman Filed | Narang Aman | SellOpen market sale | -14713 | |
Elworthy Brian R Filed | Elworthy Brian R | SellOpen market sale | -6507 | |
Vassil Jonathan Filed | Vassil Jonathan | Option exercise | -6657 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
16EROIC >12% Years1/4 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)21.6%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years3/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-28.6%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$0.84
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$2.97
Cash & short-term investments per share (Finnhub)
Book Value / Share$3.54
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$1.71B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$2.04B
Shareholders' equity (book value)
Asset / Liability2.80xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$18.09B
Current Market Capitalization
Beta1.75C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Toast, Inc. (TOST)
TOST is down 1.86% at the last close. Toast, Inc. meets 8 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 11.39 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -2.63 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 38% annually — a strong growth profile.
- Interest coverage of -19.0× leaves little room for earnings shocks.
- Toast, Inc. posted a net loss in 3 of 5 available completed fiscal years (2021–2025).
- Return on equity of 23.8% is well above the market average.
See how TOST ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all TOST moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 31.98 | +7.12% | 3.85 |
| Oct 15 | After-hours | 32.16 | +7.74% | 4.16 |
| Oct 14 | Regular | 29.70 | -3.87% | -2.32 |
| Oct 14 | After-hours | 29.80 | -3.53% | -2.11 |
| Sep 30 | Regular | 29.20 | -4.15% | -2.05 |
Frequently Asked Questions about TOST
What is the current Toast, Inc. (TOST) stock price?
TOST is trading at $31.62 at the last market close, down 1.86% on the session. PreMarketPrice tracks TOST pre-market, intraday and after-hours prices.
Is TOST stock a buy right now?
PreMarketPrice's quantitative model rates Toast, Inc.'s financial health at 50/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is TOST stock overvalued?
Toast, Inc. trades at a trailing P/E of 37.2 and our valuation score rates it 67/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Toast, Inc. report earnings?
No confirmed earnings date is currently scheduled for TOST. The Earnings section lists recent reports and updates as dates are announced.
What sector does Toast, Inc. operate in?
Toast, Inc. operates in the Technology sector, within the Services-Computer Processing & Data Preparation industry. The Related Stocks section lists sector peers for comparison.
What does Toast, Inc. do?
Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community.
About Toast, Inc. (TOST) Stock
Toast, Inc. (TOST) is a US-listed stock operating in the Technology sector, specifically the Services-Computer Processing & Data Preparation industry. As of the latest update, Toast, Inc. is trading at $31.62, down 1.86% on the day with a market capitalization of $18.1 billion. The financial health score for TOST is 50/100, which indicates moderate financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for TOST stock.
TOST Stock Analysis & Key Metrics
On PreMarketPrice, you can track Toast, Inc. (TOST) across multiple dimensions:
- Pre-market price & movement: Real-time TOST stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for TOST with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Toast, Inc. across multiple reporting periods.
- Financial health score: A composite score of 50/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for TOST.
- Sector peers: Compare TOST against 6 other technology stocks on key financial metrics.
Is TOST a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Toast, Inc. (TOST) as an investment. The financial health score of 50/100 suggests moderate financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Toast, Inc. (TOST) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.