Atlassian Corp Plc (TEAM) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Atlassian Corp Plc stock $41.04, price $183, that is 77.6% below the price, quality 66 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $57.15 – $458.13 · fair‑value band $30.81 – $60.64 · the $183.29 price screens above the $41.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Atlassian Corp in your weekly email
Every Wednesday you see whether Atlassian Corp is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.
Show moreShow less
Its product portfolio includes Jira, a project management platform for planning, tracking, and managing work; Confluence, a connected workspace to create, organize, and share team knowledge, documents, and collaboration content; Loom, an asynchronous video communication tool to record and share videos; Jira Service Management, an intuitive service management solution for IT, HR, and other teams; and Rovo, an AI offering that assists teams with its Search, Chat and Agent capabilities.
The company also offers Bitbucket, a git-based source code management platform for professional development teams; Compass, a developer portal that provides a unified view of engineering components; Jira Product Discovery, a tool to capture, prioritize, and roadmap product ideas; Jira Align, an enterprise agility solution that connects business and technology teams to align strategy with execution; Focus, a strategy hub for leadership teams; and Talent, a workforce planning app.
In addition, it provides Trello, an AI-powered personal productivity tool; and Guard, an app for detecting and responding to security threats.
The company has a strategic collaboration with Mattermost, Inc. for the development of Mattermost Docs, a sovereign, self-hosted successor to Confluence for defense, intelligence, and critical infrastructure organizations. The company was founded in 2002 and is headquartered in Sydney, Australia.
Stock analysis
Atlassian Corp Plc (TEAM) currently trades at $183.29, while our model-based Fair Value estimate is $41.04, 78% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $41.04 per share, and 0 of the 13 models we run sit above the $183.29 price.
Bear case: the Growth DCF group reads lowest at $34.12, and 13 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: $30.81 (bear) to $60.64 (bull), the price of $183.29 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Atlassian Corp Plc reported revenue of $6.6B in FY2026 versus $2.8B in FY2022, a compound +23.7%/yr. Reported net income was −$53.8M in FY2026.
Key figures
Market cap $56.0B Large · P/S ratio 8.52 · EPS (TTM) $−0.2100 · Net margin −0.8% · Return on equity −4.5% · Return on assets (EBIT) −2.1% · Operating margin 12.3% · Revenue (TTM) $6.6B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 221% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 17% fair-value upside, at −78%, TEAM screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.5600 to $137.20). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$30.81Fair Value $41.04Bull$60.64
Price $183.29 · Downside -77.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $6.3M and none bought.
SaleGene LiuChief Accounting Officer10× since Nov 14, 2025: 6,933 shares, avg. $147.65$1.0MOct 12, 2026
SaleBrian DuffyChief Revenue Officer10× since Nov 14, 2025: 33,233 shares, avg. $115.46$3.8MAug 19, 2026
SaleJames ChuongChief Financial Officer2× since May 19, 2026: 17,892 shares, avg. $130.61$2.3MAug 19, 2026
SaleRajeev Bashyam RajanChief Technology Officer4× since Nov 14, 2025: 15,750 shares, avg. $119.64$1.9MFeb 19, 2026
SaleJoseph Leo BinzChief Financial Officer4× since Nov 14, 2025: 10,843 shares, avg. $121.61$1.3MFeb 19, 2026
SaleMichael Cannon-BrookesCEO, Co-Founder, Director, 10% owner63× since Nov 6, 2025: 482,895 shares, avg. $146.28$70.6MFeb 6, 202610b5-1 plan
SaleScott FarquharDirector, 10% owner63× since Nov 6, 2025: 482,895 shares, avg. $146.28$70.6MFeb 6, 202610b5-1 plan
SaleShona L BrownDirector528 shares at $163.00$86,064Dec 12, 202510b5-1 plan
BuyScott BelskyDirector1,672 shares at $148.03$247,506Dec 1, 202510b5-1 plan
SaleAnutthara BharadwajPresident9,847 shares at $152.45$1.5MNov 14, 2025
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+26.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.8%
Start year 2021 (pandemic). Over 10 years: +30.5% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.8%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5.2% (2019) → 0.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +17.4% a year for the price and +10.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: High gross margins support a potential durable advantage in software applications, yet negative net income and limited public differentiation constrain overall business quality.
Main risk: Atlassian raised Cloud list prices in 2026 for Jira and Confluence, which could push enterprises toward lower-total-cost alternatives such as ONES, ClickUp or Notion and reduce demand or force margin pressure on its core collaboration tools.
Bull case: By embedding AI agents via its Teamwork Graph and Agentic Multiplayer Protocol Atlassian could make its platform the indispensable governed system of record that enterprises adopt to scale AI collaboration safely ahead of rivals.
Bear case: If customers migrate to cheaper all-in-one tools or abandon the platform over migration costs and complexity Atlassian could see slower growth and sustained losses as its core products lose relevance in fragmented or Microsoft-centric environments.
Atlassian is building protocols so humans and AI agents share the same context, rules and workflows on its platform. The new Agentic Multiplayer Protocol and MCP updates extend the Teamwork Graph to code and more tools for governed collaboration. Our models see the stock as overvalued. Will this infrastructure pull enterprises into scaled AI use ahead of competitors, or will integration and security demands slow the payoff?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 633 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−77.6% · Bottom 25%
Profitability
Return on assets−0.9% · Below median
Net margin (12 months)−0.8% · Below median
Operating margin (12 months)12.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)27.6% · Top 25%
Balance sheet
Debt / equity0.94× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
P/S (12 months)8.52× · Priciest 25%
Price / free cash flow42.4× · Priciest 25%
PEG2.03× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)100· sector 40
PAST (return on equity)0· sector 20
HEALTH (low debt)53· sector 98
DIVIDEND (yield)0· sector 30
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Atlassian Corp Plc (TEAM) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $41.04 versus a price of $183.29, about 78% lower (overvalued).
What is the fair value of TEAM?
Our model-based fair value for Atlassian Corp Plc is $41.04 (as of Nov 6, 2026), built from audited fundamentals. The current price: $183.29.
What is the quality score of TEAM?
Atlassian Corp Plc has a Quality Score of 66/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Atlassian Corp Plc (TEAM)?
Our model-based price target is the fair value of $41.04 (as of Nov 6, 2026) from 13 valuation models. Cautious scenario $30.81, optimistic scenario $60.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Atlassian Corp Plc stock forecast for 2026?
Our models put fair value at $41.04, about 78% lower versus a price of $183.29 (overvalued). Cautious scenario $30.81, optimistic scenario $60.64. The calculation is refreshed regularly with new filings.
What is the revenue of Atlassian Corp Plc (TEAM)?
Atlassian Corp Plc reported trailing-twelve-month revenue of about $6.6B (latest available figure, as of Nov 6, 2026).
What growth is priced into Atlassian Corp Plc (TEAM)?
For today's price to be fair in a discounted-cash-flow model, Atlassian Corp Plc would have to grow free cash flow by +20.2 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +25.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of TEAM use?
Our models discount Atlassian Corp Plc at 9.8 %: a base by market capitalisation (large), damped by beta 1.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Atlassian Corp Plc that is +20.2 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Atlassian Corp Plc (TEAM) delivered so far?
Over the past 5 years revenue at Atlassian Corp Plc grew +25.8 % a year. The price currently implies +20.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Atlassian Corp Plc (TEAM) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Atlassian Corp Plc (+20.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Atlassian Corp Plc (TEAM)?
The free-cash-flow yield on the price is 2.84 %: that much free cash flow Atlassian Corp Plc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Atlassian Corp Plc (TEAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atlassian Corp Plc it is $41.04 per share (as of Nov 6, 2026), against a price of $183.29. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Atlassian Corp Plc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TEAM trades above its calculated fair value: price $183.29, fair value $41.04, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TEAM?
No. The price is what the market pays today ($183.29); the fair value is what the company's own numbers justify ($41.04). For Atlassian Corp Plc the two are $142.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Atlassian Corp Plc worth?
The market values Atlassian Corp Plc at about $56.0B (market capitalisation, as of Nov 6, 2026). Per share that is $183.29; our models calculate a fair value of $41.04 per share.
What do the bullish and bearish scenarios say about TEAM?
Our models span a range for Atlassian Corp Plc: cautious scenario $30.81, base $41.04, optimistic $60.64 per share (as of Nov 6, 2026, price $183.29). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of TEAM?
The PEG ratio of Atlassian Corp Plc is 2.03 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Atlassian Corp Plc (TEAM)?
Balance-sheet figures for Atlassian Corp Plc (as of Nov 6, 2026): return on equity −4.5%, debt of 0.94 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is TEAM from its 52-week high?
Atlassian Corp Plc trades at $183.29, about 19% below its 52-week high of $227.61 and 221% above the low of $57.15 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $41.04 is for.
Which stocks are comparable to Atlassian Corp Plc?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Atlassian Corp Plc stock attractive at the current price?
The data as of Nov 6, 2026: price $183.29, calculated fair value $41.04 (−78%), Quality Score 66/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TEAM calculated?
We run Atlassian Corp Plc through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $41.04, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Atlassian Corp Plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Atlassian Corp Plc (TEAM)?
The closing price on Nov 5, 2026 was $183.29. Our model-based fair value is $41.04, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atlassian Corp Plc right now?
The price sits above even our optimistic bull case ($60.64). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($30.81 to $60.64) leaves room in how you read the outcome.
Key figures of Atlassian Corp Plc
How large is the market capitalisation of Atlassian Corp Plc (TEAM)?
The market capitalisation of Atlassian Corp Plc is $56.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Atlassian Corp Plc (TEAM)?
The price-to-sales ratio of Atlassian Corp Plc is 8.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Atlassian Corp Plc (TEAM)?
Earnings per share at Atlassian Corp Plc are $−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Atlassian Corp Plc (TEAM)?
The net margin of Atlassian Corp Plc is −0.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Atlassian Corp Plc (TEAM)?
The return on equity (ROE) of Atlassian Corp Plc is −4.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Atlassian Corp Plc (TEAM)?
On an EBIT basis the return on assets of Atlassian Corp Plc is −2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Atlassian Corp Plc (TEAM)?
The operating margin of Atlassian Corp Plc is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atlassian Corp Plc (TEAM)?
Revenue at Atlassian Corp Plc is growing +27.6% versus a year earlier (3y avg +23.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Atlassian Corp Plc (TEAM)?
Earnings per share at Atlassian Corp Plc are growing +172% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Atlassian Corp Plc (TEAM) hold?
Atlassian Corp Plc holds more cash than debt, $6.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Atlassian Corp Plc in the live analysis
One click puts Atlassian Corp Plc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 6, 2026