# Toast Inc. (TOST) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $33.95, market value $19.6 billion.

## Valuation
- **P/E (trailing): 43.0×** (5-yr avg 639.2×, 3-yr avg 639.2×). Toast Inc. trades at 43.0× trailing earnings, well below its own five-year average of 639.2×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 19.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.01**. A PEG of 0.01 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.9×**. Each dollar of revenue is priced at 2.9×.
- **Price / book: 9.9×**. The shares trade at 9.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 37.9×**. Enterprise value is 37.9× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.9%** (5-yr avg 0.6%). Free cash flow equals 2.9% of the market value, above its five-year average of 0.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.3%**. The inverse of the P/E: 2.3% of the price is earned each year.

## Profitability
- **Gross margin: 26.7%**. Toast Inc. keeps 26.7% of revenue after the direct cost of what it sells.
- **Operating margin: 6.3%**. 6.3% of revenue is left after running the business.
- **Net margin: 5.6%**. 5.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on invested capital: 44.2%**. Return on all capital, debt included, is 44.2%: comfortably above what that capital costs.
- **Return on assets: 15.5%**. Each dollar of assets produces 15.5% of profit.

## Growth
- **Revenue growth (1 yr): 24.1%** (3-yr 31.1%/yr, 5-yr 49.5%/yr). Revenue grew 24.1% over the last year, against 49.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 1766.7%**. Earnings per share rose 1766.7%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Toast Inc. holds more cash than debt.
- **Current ratio: 2.75** (quick 2.75). Current assets cover the next year's liabilities 2.75 times.
- **Altman Z-score: 15.39**. A Z-score of 15.39 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

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

## Analyst view
- **Analyst consensus: buy** (26 analysts). 26 analysts cover Toast Inc.; the consensus is buy, with an average price target of $38.92 (+15% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -17.4%** (YTD -4.4%, 3-mo 37.8%). The shares are down 17.4% over twelve months including dividends.
- **From 52-week high: -19.5%** (52.5% above the low). Trading 19% 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): 1.04** (volatility 46%). Beta of 1.04 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.