Obermatt

SailPoint

NSQ:SAIL · US78781J1097
SoftwareLarge

360

40
EV / EBIT17
Price / Owner Earnings1
Owner Earnings Yield37
Dividend Yield1
Price/Sales13
EV / Gross Profit38
Price/Book81
Return on Capital31
Cash Return on Capital37
Return on Equity33
EBIT Margin26
Gross Profitability25
Accruals50
Owner Earnings Margin39
Sales growth70
Profit growth45
Reinvestment78
Price momentum70
Debt load100
Refinancing61
Debt Payback100
Liquidity20
Analyst ratings74
Opinion Changes74
Price Target Upside42
Market mood53
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

SailPoint clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustrySoftware
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded2022
Employees3,188
ISINUS78781J1097
Last UpdateApr 2, 2026
Themes
Artificial IntelligenceDevSecOpsIdentity and Access ManagementCloud SecurityAuthorization and Access ControlProcess AutomationNetwork SecuritySSO and Password ManagementCloud ManagementAuthentication

Description

SailPoint, Inc. delivers solutions to enable adaptive identity security for the enterprise. The company does this via the SailPoint Platform that unifies identity data across systems and identity types, including employee identities, non-employee ide…

Analysis

Hope premium

SailPoint, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 266.0×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

Flags to be aware of: A large part of the company's book value is the price paid for past acquisitions. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
79
2026

All-time high

79

Jun 2026

All-time low

61

Mar 2026

Average rank

70

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
13
Price/Earnings
17
Price/Book
81
Dividend Yield
1
Value (overall)
38

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →