Navan, Inc. Class A (NAVN) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Navan, Inc. Class A stock $5.40, price $27.00, upside -80.0%, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
12‑month range $8.51 – $30.58 · fair‑value band $3.94 – $6.02 · the $27.00 price screens above the $5.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Navan, Inc. operates an AI-powered software platform to simplify the travel and expense experience, benefiting users, customers, and suppliers.
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The company offers AI-powered travel, payments, and expense management solutions to streamline the travel lifecycle, from booking and policy enforcement to payment processing, expense reconciliation, and reporting. It serves finance, human resources, travel managers, inventory, and other markets.
Navan, Inc. was formerly known as TripActions, Inc. and changed its name to Navan, Inc. in February 2023. The company was incorporated in 2015 and is based in Palo Alto, California.
Stock analysis
Navan, Inc. Class A (NAVN) currently trades at $27.00, while our model-based Fair Value estimate is $5.40, 80.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $5.40 per share, and 0 of the 7 models we run sit above the $27.00 price.
Bear case: the Multiples group reads lowest at $2.45, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: $3.94 (bear) to $6.02 (bull), the price of $27.00 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 58/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Navan, Inc. Class A Common Stock reported revenue of $702M in FY2026 versus $402M in FY2024, a compound +32.1%/yr. Reported net income was −$398M in FY2026.
Key figures
Market cap $6.9B Mid · P/S ratio 8.39 · EPS (TTM) $−1.91 · Net margin −42.1% · Return on equity −49.4% · Return on assets (EBIT) −14.9% · Operating margin −11.7% · Revenue (TTM) $826M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 217% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −80%, NAVN screens richer than that median.
Fair Value models
Bear$3.94Fair Value $5.40Bull$6.02
Price $27.00 · Upside -80.0%
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.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+47.8%
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.
+22.4%
Yearly sales growth analysts expect, extended to five years.
The revenue jump in 2027 (+32.6%) comes with 151% more shares (acquisition or merger paid in stock). Per share it is about −47.2%. The comparison above is unreliable in such a year.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +44.4% a year for the price and +19.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (94 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.Negative
Recent news coverage is more negative than average.
AI conclusion: Navan shows strength in strong growth of corporate travel bookings and a raised outlook, yet its main weak point is operating expenses rising faster than revenue and widening losses.
Main risk: Operating expenses continuing to rise faster than revenue would hit margins and increase net losses despite platform expansion.
Navan keeps reporting strong growth in corporate travel bookings and has raised its full-year outlook again. At the same time operating expenses rose faster than revenue in the latest quarter, widening the operating loss despite the acquisition of BoomPop to tap the large meetings and events segment. Will the AI-driven efficiencies and platform expansion improve margins faster than costs climb?
Compare Navan, Inc. Class A Common Stock with another stock
Price, fair value, quality and upside side by side.
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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 · 639 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−80.0% · Bottom 25%
Profitability
Return on assets−23.3% · Bottom 25%
Net margin (12 months)−42.1% · Bottom 25%
Operating margin (12 months)−11.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)35.4% · Top 25%
Balance sheet
Debt / equity0.10× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B5.75× · Priciest 25%
P/S (12 months)8.41× · Priciest 25%
Price / free cash flow470.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 31
FUTURE (revenue growth)100· sector 40
PAST (return on equity)0· sector 18
HEALTH (low debt)95· sector 97
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.
Cite: Fair Value Calculator (2026). "Navan, Inc. Class A Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/NAVN
Frequently asked questions
Is Navan, Inc. Class A (NAVN) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of $5.40 versus a price of $27.00, about −80% upside (overvalued).
What is the fair value of NAVN?
Our model-based fair value for Navan, Inc. Class A Common Stock is $5.40 (as of Oct 29, 2026), built from audited fundamentals. The current price: $27.00.
What is the quality score of NAVN?
Navan, Inc. Class A Common Stock has a Quality Score of 58/100. 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 Navan, Inc. Class A (NAVN)?
Our model-based price target is the fair value of $5.40 (as of Oct 29, 2026) from 7 valuation models. Cautious scenario $3.94, optimistic scenario $6.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Navan, Inc. Class A Common Stock stock forecast for 2026?
Our models put fair value at $5.40, about −80% upside versus a price of $27.00 (overvalued). Cautious scenario $3.94, optimistic scenario $6.02. The calculation is refreshed regularly with new filings.
What is the revenue of Navan, Inc. Class A (NAVN)?
Navan, Inc. Class A Common Stock reported trailing-twelve-month revenue of about $826M (latest available figure, as of Oct 29, 2026).
What growth is priced into Navan, Inc. Class A (NAVN)?
For today's price to be fair in a discounted-cash-flow model, Navan, Inc. Class A Common Stock would have to grow free cash flow by +47.8 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +32.1 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of NAVN use?
Our models discount Navan, Inc. Class A Common Stock at 9.7 %: a base by market capitalisation (mid), 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 Navan, Inc. Class A Common Stock that is +47.8 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Navan, Inc. Class A (NAVN) delivered so far?
Over the past 2 years revenue at Navan, Inc. Class A Common Stock grew +32.1 % a year. The price currently implies +47.8 % 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 Navan, Inc. Class A (NAVN) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Navan, Inc. Class A Common Stock (+47.8 % 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 Navan, Inc. Class A (NAVN)?
The free-cash-flow yield on the price is 0.56 %: that much free cash flow Navan, Inc. Class A Common Stock produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Navan, Inc. Class A (NAVN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Navan, Inc. Class A Common Stock it is $5.40 per share (as of Oct 29, 2026), against a price of $27.00. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Navan, Inc. Class A Common Stock stock overvalued or undervalued in 2026?
As of Oct 29, 2026, NAVN trades above its calculated fair value: price $27.00, fair value $5.40, a gap of about −80% (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 NAVN?
No. The price is what the market pays today ($27.00); the fair value is what the company's own numbers justify ($5.40). For Navan, Inc. Class A Common Stock the two are $21.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Navan, Inc. Class A Common Stock worth?
The market values Navan, Inc. Class A Common Stock at about $6.9B (market capitalisation, as of Oct 29, 2026). Per share that is $27.00; our models calculate a fair value of $5.40 per share.
What do the bullish and bearish scenarios say about NAVN?
Our models span a range for Navan, Inc. Class A Common Stock: cautious scenario $3.94, base $5.40, optimistic $6.02 per share (as of Oct 29, 2026, price $27.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Navan, Inc. Class A (NAVN)?
Balance-sheet figures for Navan, Inc. Class A Common Stock (as of Oct 29, 2026): return on equity −49.4%, debt of 0.10 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is NAVN from its 52-week high?
Navan, Inc. Class A Common Stock trades at $27.00, about 12% below its 52-week high of $30.58 and 217% above the low of $8.51 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of $5.40 is for.
Which stocks are comparable to Navan, Inc. Class A Common Stock?
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 Navan, Inc. Class A Common Stock stock attractive at the current price?
The data as of Oct 29, 2026: price $27.00, calculated fair value $5.40 (−80%), Quality Score 58/100, from 7 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 NAVN calculated?
We run Navan, Inc. Class A Common Stock through 7 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 $5.40, 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 13.4 % above its aggregate fair value. Navan, Inc. Class A Common Stock 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 Navan, Inc. Class A (NAVN)?
The closing price on Oct 28, 2026 was $27.00. Our model-based fair value is $5.40, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Navan, Inc. Class A Common Stock right now?
The price sits above even our optimistic bull case ($6.02). 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 (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Navan, Inc. Class A Common Stock
How large is the market capitalisation of Navan, Inc. Class A (NAVN)?
The market capitalisation of Navan, Inc. Class A Common Stock is $6.9B. 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 Navan, Inc. Class A (NAVN)?
The price-to-sales ratio of Navan, Inc. Class A Common Stock is 8.39 (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 Navan, Inc. Class A (NAVN)?
Earnings per share at Navan, Inc. Class A Common Stock are $−1.91. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Navan, Inc. Class A (NAVN)?
The net margin of Navan, Inc. Class A Common Stock is −42.1% (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 Navan, Inc. Class A (NAVN)?
The return on equity (ROE) of Navan, Inc. Class A Common Stock is −49.4% (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 Navan, Inc. Class A (NAVN)?
On an EBIT basis the return on assets of Navan, Inc. Class A Common Stock is −14.9% (avg 3y). 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 Navan, Inc. Class A (NAVN)?
The operating margin of Navan, Inc. Class A Common Stock is −11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Navan, Inc. Class A (NAVN)?
Revenue at Navan, Inc. Class A Common Stock is growing +35.4% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Navan, Inc. Class A (NAVN) hold?
Navan, Inc. Class A Common Stock holds more cash than debt, $409M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Oct 29, 2026