Shutterstock (SSTK) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shutterstock $4.64, price $4.12, upside +12.7%, quality 55 out of 100. 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, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range $4.02 – $104.56 · fair‑value band $3.10 – $6.19 · the $4.12 price screens below the $4.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Shutterstock, Inc. provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally.
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Shutterstock, Inc. provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage. It also provides 3 dimensional models consisting of 3D models used in various industries, such as advertising, media and video production, gaming, retail, education, design, and architecture; and generative AI content comprising images generated from algorithms trained with ethically sourced content. In addition, the company operates a collection of graphics interchange format visuals and stickers that supplies casual conversational content. It offers its services under the Shutterstock, Envato, Pond5, TurboSquid, PicMonkey, PremiumBeat, Splash News, and Bigstock brand names. The company serves corporate professionals and organizations, media and broadcast companies, and small and medium-sized businesses, and individual creators through digital, live sales, services, and client management channels. Shutterstock, Inc. was founded in 2003 and is headquartered in New York, New York.
Stock analysis
Shutterstock (SSTK) currently trades at $4.12, while our model-based Fair Value estimate is $4.64, implying the stock looks roughly 11.2% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $27.09 per share, and 26 of the 26 models we run sit above the $4.12 price.
Bear case: the Asset-Based group reads lowest at $10.54, and 0 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: $3.10 (bear) to $6.19 (bull), the price of $4.12 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 55/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shutterstock reported revenue of $990M in FY2025 versus $773M in FY2021, a compound +6.4%/yr. Reported net income was $45.5M in FY2025, compounding −16.1%/yr from FY2021.
Key figures
Market cap $151M · P/S ratio 0.17 · EPS (TTM) $−5.73 · Net margin 4.6% · Return on equity −43.4% · Return on assets (EBIT) 8.7% · Operating margin 12.3% · Revenue (TTM) $901M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 83% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at 13%, SSTK screens cheaper than that median.
Fair Value models
Bear $3.10Fair Value $4.64Bull $6.19
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.8%
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.
+6.1%
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.
+8.2%
Start year 2020 (pandemic). Over 10 years: +8.8% a year
Revenue growth 16 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.
+19.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−8.7% vs 7.4%, slowing
Profit margin 2020 to 2025 ⓘ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.13% → 11%
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.Internet Content & Information · 139 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+10.0% · Above median
Profitability
Return on assets4.7% · Above median
Net margin (TTM)−22.9% · Bottom 25%
Operating margin (TTM)12.3% · Above median
Growth and dividend
Revenue growth−16.9% · Bottom 25%
Dividend yield (TTM)34.3% · Top 25%
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Internet Content & Information median · lower = cheaper
P/B0.27× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
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). "Shutterstock Fair Value". https://www.fairvalue-calculator.com/stock/SSTK
Frequently asked questions
Is Shutterstock (SSTK) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of $4.64 versus a price of $4.12, about +13% upside (undervalued).
What is the fair value of SSTK?
Our model-based fair value for Shutterstock is $4.64 (as of Oct 1, 2026), built from audited fundamentals. The current price: $4.12.
What is the quality score of SSTK?
Shutterstock has a Quality Score of 55/100. 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 Shutterstock (SSTK)?
Our model-based price target is the fair value of $4.64 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario $3.10, optimistic scenario $6.19. It is a calculation from audited fundamentals, not an analyst target.
What is the Shutterstock stock forecast for 2026?
Our models put fair value at $4.64, about +13% upside versus a price of $4.12 (undervalued). Cautious scenario $3.10, optimistic scenario $6.19. The calculation is refreshed regularly with new filings.
What is the revenue of Shutterstock (SSTK)?
Shutterstock reported trailing-twelve-month revenue of about $901M (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Shutterstock (SSTK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shutterstock it is $4.64 per share (as of Oct 1, 2026), against a price of $4.12. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Shutterstock stock overvalued or undervalued in 2026?
As of Oct 1, 2026, SSTK trades below its calculated fair value: price $4.12, fair value $4.64, a gap of about +13% (undervalued). 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 SSTK?
No. The price is what the market pays today ($4.12); the fair value is what the company's own numbers justify ($4.64). For Shutterstock the two are $0.5220 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shutterstock worth?
The market values Shutterstock at about $151M (market capitalisation, as of Oct 1, 2026). Per share that is $4.12; our models calculate a fair value of $4.64 per share.
What do the bullish and bearish scenarios say about SSTK?
Our models span a range for Shutterstock: cautious scenario $3.10, base $4.64, optimistic $6.19 per share (as of Oct 1, 2026, price $4.12). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SSTK?
The PEG ratio of Shutterstock is 2.65 (P/E divided by earnings growth, as of Oct 1, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Shutterstock (SSTK)?
Balance-sheet figures for Shutterstock (as of Oct 1, 2026): return on equity −43.4%, debt of 0.20 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is SSTK from its 52-week high?
Shutterstock trades at $4.12, about 83% below its 52-week high of $24.75 and 2% above the low of $4.02 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of $4.64 is for.
Which stocks are comparable to Shutterstock?
From the same area (Communication Services) we also value Alphabet Inc, Meta Platforms, Inc, Tencent Holdings, Spotify Technology S.A, 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 Shutterstock stock attractive at the current price?
The data as of Oct 1, 2026: price $4.12, calculated fair value $4.64 (+13%), Quality Score 55/100, from 26 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 SSTK calculated?
We run Shutterstock through 26 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 $4.64, 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 14.5 % above its aggregate fair value. Shutterstock currently trades 11 % below its own fair value, and the market average says nothing about that. 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 Shutterstock (SSTK)?
The closing price on Oct 1, 2026 was $4.12. Our model-based fair value is $4.64, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shutterstock right now?
A fairly wide model range ($3.10 to $6.19) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Shutterstock (SSTK) come from?
Earnings per share at Shutterstock grew +11.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.4 %, EBIT margin −1.4 %, tax rate +1.7 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shutterstock
How large is the market capitalisation of Shutterstock (SSTK)?
The market capitalisation of Shutterstock is $151M. 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 Shutterstock (SSTK)?
The price-to-sales ratio of Shutterstock is 0.17 (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 Shutterstock (SSTK)?
Earnings per share at Shutterstock are $−5.73. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shutterstock (SSTK)?
The net margin of Shutterstock is 4.6% (fiscal year 2025). 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 Shutterstock (SSTK)?
The return on equity (ROE) of Shutterstock is −43.4% (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 Shutterstock (SSTK)?
On an EBIT basis the return on assets of Shutterstock is 8.7% (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 Shutterstock (SSTK)?
The operating margin of Shutterstock is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shutterstock (SSTK)?
Revenue at Shutterstock is growing −16.9% versus a year earlier (3y avg +6.1%). 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 Shutterstock (SSTK)?
Earnings per share at Shutterstock are growing −26.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shutterstock (SSTK) generate?
The free cash flow of Shutterstock is $124M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shutterstock (SSTK) carry?
The net debt of Shutterstock is $139M (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Oct 1, 2026