Fair value published on 21 Oct 2026, 13:04 CEST; previously $4.63 since 17 Oct 2026, 00:00 CEST.
ACCE price target published on 13 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 13:04 CEST.
Price used: $3.41 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
23.7% below
+31.1% to fair value
ACCE score
58
out of 100
Analysts
71% buy
7 covering
P/E
8.7x
forward 4.7x
1-year return
+0.3%
Dividend yield
0.00%
Taboola.com Ltd. Ordinary Shares in four questions
Plain answers, details below
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Overview
ACCE thesis
Taboola runs a content recommendation network that places sponsored article links, the "you may also like" modules, on publisher sites and apps, and it earns a cut of each advertiser click. The moat is its scale of publisher inventory and the data it accumulates from billions of daily recommendations, which feeds a targeting engine that competitors struggle to match at the same cost. The company is at a crossroads, with revenue growth slowed to 2.4% and an operating margin of 2.8% leaving little cushion, while the trailing P/E of 9.1 sits against a forward P/E of 84.7, a gap that signals the market expects earnings to reset sharply and the Street's forecasts are carrying most of the weight. Operating leverage is the thing to test: a gross margin near 30% and a return on equity of 12.8% will only look attractive if traffic and advertiser demand re-accelerate and the cost base holds. The stock is not in any major index, which keeps it on the radar of specialists rather than passive flows, and the deeper look should focus on whether the forward earnings path is credible given the margin profile.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Revenue growth stalled
Revenue grew only 2.4% year on year and 2.2% quarter on quarter, against a 10.0% five-year CAGR. Growth has slowed sharply.
high
ACCE score collapsed
The ACCE score fell 22 points in 90 days, from 80 to 58. The Quality (59) and Momentum (41) components are the weakest parts of the score.
moderate
Thin operating margin
Operating margin is 2.8% and net margin 6.0%. Earnings growth of 77.1% comes from a low base, and the 84.7x forward P/E suggests the market expects earnings to fall well short of trailing levels.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Free cash flow of $163M over the last twelve months gives the stock a 17.6% free cash flow yield at today's price.
The diluted share count fell 7.2% last fiscal year, so each remaining share claims a larger slice of the business.
Analysts' mean price target of $5.80 sits 68.1% above the share price, and 71% of covering analysts rate it Buy or Strong Buy.
Why it could disappoint
Revenue grew just 2.4% over the past year, far below the 10.0% annual pace of the last five years.
A forward P/E of 84.7x compares with a sector median of 17.0x, which implies earnings are expected to fall sharply.
Return on invested capital of 3.1% is thin, and the 6.0% net margin leaves little room for error.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where TBLA's valuation models land
Price
$3.41
Model fair value
$4.47
Model range
$3.17 to $5.99
Fair value $4.47
Price $3.41
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores