# Navan Inc. (NAVN) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Software. Price $27.78, market value $7.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Navan Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 10.1×**. Each dollar of revenue is priced at 10.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 5.7×**. The shares trade at 5.7× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 0.5%** (5-yr avg 2.9%). Free cash flow equals 0.5% of the market value, below its five-year average of 2.9%, so the shares are pricier on cash than usual.

## Profitability
- **Gross margin: 71.3%**. Navan Inc. keeps 71.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -28.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -56.7%**. The company reported a net loss over the last twelve months.
- **Return on equity: -32.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -20.8%**. Return on all capital, debt included, is -20.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -23.3%**. Each dollar of assets produces -23.3% of profit.

## Growth
- **Revenue growth (1 yr): 30.8%**. Revenue grew 30.8% over the last year.
- **EPS growth (1 yr): -1.8%**. Earnings per share fell 1.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.10**. Debt is 0.10 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 9.49**. A Z-score of 9.49 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Navan Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (15 analysts). 15 analysts cover Navan Inc.; the consensus is strong_buy, with an average price target of $30.80 (+11% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -10.0%** (242.8% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 1.11** (volatility 88%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NAVN · Page: https://foliofundamentals.com/stocks/navn

Not investment advice.