Lightspeed Commerce Inc (LSPD) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Lightspeed Commerce Inc $10.73, price $9.59, upside +11.9%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Lightspeed Commerce Inc
LSPD · USUndervaluedThe stock appears undervalued with acceptable quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $7.86 – $124.41 · fair‑value band $8.25 – $15.73 · the $9.59 price screens below the $10.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses.
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Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses. It offers a cloud-based commerce platform that connects suppliers, merchants, and consumers to enable omnichannel experiences and engage with consumers, manage operations, accept payments, and grow business. The company's cloud platform is designed around interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, kitchen display system (KDS), employee and inventory management comprising ordering, analytics and reporting, multi-location connectivity, order anywhere and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Payments and Lightspeed Capital; Lightspeed Restaurant, a unified hospitality commerce offering; Lightspeed Retail, a retail commerce offering; Lightspeed eCommerce; Lightspeed Wholesale; and Lightspeed NuORDER integration to order from various brands. In addition, it sells hardware, including tablets, customer-facing displays, KDS screens, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provide installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada.
Stock analysis
Lightspeed Commerce Inc (LSPD) currently trades at $9.59, while our model-based Fair Value estimate is $10.73, implying the stock looks roughly 10.6% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $14.08 per share, and 6 of the 10 models we run sit above the $9.59 price.
Bear case: the Multiples group reads lowest at $3.39, and 4 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: $8.25 (bear) to $15.73 (bull), the price of $9.59 sits inside 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 72/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lightspeed Commerce Inc reported revenue of $1.2B in FY2026 versus $548M in FY2022, a compound +22.3%/yr. Reported net income was −$144M in FY2026.
Key figures
Market cap $1.3B · P/S ratio 1.06 · EPS (TTM) $−1.04 · Net margin −11.8% · Return on equity −9.2% · Return on assets (EBIT) −21.0% · Operating margin −11.6% · Revenue (TTM) $1.2B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at 12%, LSPD screens cheaper than that median.
Fair Value models
All 10 models by family
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Set up alert →Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 26
Revenue & earnings trend
Growth Forecast
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Compare Lightspeed Commerce Inc with another stock
Price, fair value, quality and upside side by side.
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 · 710 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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| Datadog, Inc DDOG | $247.48 | $32.92 | −87% |
| Adobe Inc ADBE | $238.25 | $454.04 | +91% |
| Automatic Data Processing, Inc ADP | $269.64 | $177.51 | −34% |
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