nCino Inc (NCNO) fair value: what the stock is really worth
We calculate from audited financials what nCino Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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nCino Inc
NCNO · USStretched ValuationQuality growthStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $14.01 – $78.14 · fair‑value band $10.02 – $11.20 · the $21.25 price screens above the $11.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally.
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nCino, Inc., a software-as-a-service company, provides software solutions to financial institutions in the United States, the United Kingdom, and internationally. It offers solutions on the nCino Platform, including an Onboarding solution that streamlines and enhances the customer onboarding process through a digital platform for credit and non-credit onboarding, commercial account opening, and enterprise-level onboarding; and an Account Opening solution, which includes a Deposit Account Opening solution for consumers and small businesses. The company also provides Lending, which provides a loan origination platform for commercial, consumer, small business, and mortgage lending, such as the Commercial Loan Origination System that automates the loan lifecycle; Consumer Lending solution, which offers an omnichannel solution with automated credit decisioning and integrations; and Small Business Loan Origination solution for automation and machine learning. In addition, it offers Credit Monitoring, manages credit risks, monitors performance, and uncovers growth opportunities through a data-driven platform; Portfolio Analytics solution, which offers customizable dashboards to track loan, deposit, and application data; and Integration & Intelligence, provides integration capabilities to connect core banking systems, fintech applications, and third-party services via open APIs and a partner marketplace. The company serves global, enterprise, regional, and community banks, credit unions, challenger banks, and independent mortgage banks, business development managers, account executives, field sales engineers, and customer success managers. nCino, Inc. was founded in 2011 and is headquartered in Wilmington, North Carolina.
Stock analysis
nCino Inc (NCNO) currently trades at $21.25, while our model-based Fair Value estimate is $11.20, implying the stock looks roughly 89.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $7.97 per share, and 0 of the 20 models we run sit above the $21.25 price.
Bear case: the Growth Earnings group reads lowest at $1.62, and 20 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: $10.02 (bear) to $11.20 (bull), the price of $21.25 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 62/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
nCino Inc reported revenue of $595M in FY2026 versus $274M in FY2022, a compound +21.4%/yr. Reported net income was $5.2M in FY2026.
Key figures
Market cap $2.4B · P/E ratio 177.1 · P/S ratio 1.54 · EPS (TTM) $0.1200 · Net margin 0.9% · Return on equity 1.8% · Return on assets (EBIT) −3.3% · Operating margin 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 37% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −47%, NCNO screens richer than that median.
Fair Value models
All 20 models by family
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Set up alert →Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 49
Revenue & earnings trend
Growth Forecast
NCNO screens 90% overvalued. Compare with SAP SE →
Compare nCino 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 · 696 stocks
Valuation Multiplesvs Software - Application median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
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.
Similar stocks
10 more Software - Application stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SAP SE SAP | €177.26 | €156.00 | −12% |
| Shopify Inc SHOP | C$178.41 | C$112.02 | −37% |
| Uber Technologies, Inc UBER | $71.67 | $102.51 | +43% |
| Salesforce, Inc CRM | $247.72 | $344.41 | +39% |
| ServiceNow, Inc NOW | $132.53 | $145.78 | +10% |
| Cadence Design Systems, Inc CDNS | $289.37 | $224.24 | −23% |
| Snowflake Inc SNOW | $328.99 | $74.65 | −77% |
| Datadog, Inc DDOG | $221.21 | $32.92 | −85% |
| Adobe Inc ADBE | $252.23 | $471.62 | +87% |
| Automatic Data Processing, Inc ADP | $268.26 | $177.51 | −34% |
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Key figures of nCino Inc
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