What is Toast's P/S ratio?

Toast (TOST) P/S ratio is 3.0× as of July 31, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

How is the P/S ratio calculated?

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

What is a good P/S ratio for Toast?

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Toast specifically, the relevant sector benchmark is the current sector median of 6.0×.

Is Toast's P/S ratio high or low?

Toast's P/S ratio of 3.0× is below its own 5-year average of 5.7× and below the sector median of 6.0×. That places the current reading at the 19th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

What is Toast's historical P/S ratio range?

In the available daily series, Toast (TOST) P/S ratio has ranged from a low of 2.1× in 2023 to a high of 35.0× in 2020. The 5-year average is 5.7× and the 5-year median is 3.4×.

What was Toast's P/S ratio in 2025?

Toast (TOST) P/S ratio at the end of 2025 was 3.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Why does Toast's P/S ratio change over time?

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.

Toast (TOST) P/S Ratio — Price-to-Sales History

Current

3.0×

As of Jul 31, 2026

5-Year Average

5.7×

All-Time High

35.0×

Dec 31, 2020

All-Time Low

2.1×

Nov 13, 2023

P/S Ratio daily chart for Toast (TOST)

Sep 22, 2021 – Jul 31, 2026 · 1,219 trading days

Historical P/S Ratio for Toast (TOST) from 2020 to 2025


2025	$20.9B	$6.15B	3.4×	-0.8×	Dec 31, 2025
2024	$20.7B	$4.96B	4.2×	+1.6×	Dec 31, 2024
2023	$9.88B	$3.87B	2.6×	-0.9×	Dec 31, 2023
2022	$9.35B	$2.73B	3.4×	-6.7×	Dec 31, 2022
2021	$17.4B	$1.71B	10.2×	-24.9×	Dec 31, 2021
2020	$28.8B	$823M	35.0×	—	Dec 31, 2020

20253.4×
20244.2×
20232.6×
20223.4×
202110.2×
202035.0×

About P/S Ratio at Toast (TOST)

Toast (TOST) P/S ratio is 3.0× as of July 31, 2026. The 5-year average is 5.7×. The sector median currently stands at 6.0×. The current ratio is at the 19th percentile of its own 10-year history.

Toast (TOST) historical P/S ratio has ranged from a low of 2.1× (2023) to a high of 35.0× (2020) in the available daily series.

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast (TOST) P/S ratio in 2025 was 3.4×, contracted from 4.2× the prior year.

Toast P/S Ratio 2024: 4.2×

Toast (TOST) P/S ratio in 2024 was 4.2×, expanded from 2.6× the prior year.

Toast P/S Ratio 2023: 2.6×

Toast (TOST) P/S ratio in 2023 was 2.6×, contracted from 3.4× the prior year.

Toast P/S Ratio 2022: 3.4×

Toast (TOST) P/S ratio in 2022 was 3.4×, contracted from 10.2× the prior year.

Toast P/S Ratio 2021: 10.2×

Toast (TOST) P/S ratio in 2021 was 10.2×.

Sector peers by P/S Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/S Ratio — table

Technology peers of Toast (TOST), ranked by P/S ratio.


Elastic N.V. (ESTC)	2.8×
Uber (UBER)	2.7×
DocuSign (DOCU)	2.7×
Celestica (CLS)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.6×
Block (XYZ)	1.5×
Fiserv (FISV)	1.4×
EPAM Systems (EPAM)	1.3×
Optical Cable (OCC)	1.2×
Leidos Holdings (LDOS)	1.2×
Jabil (JBL)	1.1×
Dell Technologies (DELL)	1.0×
Sunrun (RUN)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×
Amkor Technology (AMKR)	0.0×

Elastic N.V. (ESTC)
2.8×
Uber (UBER)
2.7×
DocuSign (DOCU)
2.7×
Celestica (CLS)
2.7×
Broadridge Financial Solutions (BR)
2.6×
Gen Digital (GEN)
2.3×
GoDaddy (GDDY)
2.2×
Fidelity National Information Services (FIS)
2.1×
Zebra Technologies (ZBRA)
1.8×
Accenture (ACN)
1.6×
Block (XYZ)
1.5×
Fiserv (FISV)
1.4×
EPAM Systems (EPAM)
1.3×
Optical Cable (OCC)
1.2×
Leidos Holdings (LDOS)
1.2×
Jabil (JBL)
1.1×
Dell Technologies (DELL)
1.0×
Sunrun (RUN)
1.0×
Hewlett Packard Enterprise (HPE)
1.0×
Lyft (LYFT)
0.8×
CDW (CDW)
0.7×
Science Applications International (SAIC)
0.6×
Super Micro Computer (SMCI)
0.4×
HP (HPQ)
0.3×
Amkor Technology (AMKR)
0.0×

Frequently asked questions

Current

3.0×

As of Jul 31, 2026

5-Year Average

5.7×

All-Time High

35.0×

Dec 31, 2020

All-Time Low

2.1×

Nov 13, 2023

P/S Ratio daily chart for Toast (TOST)

Sep 22, 2021 – Jul 31, 2026 · 1,219 trading days

Historical P/S Ratio for Toast (TOST) from 2020 to 2025


2025	$20.9B	$6.15B	3.4×	-0.8×	Dec 31, 2025
2024	$20.7B	$4.96B	4.2×	+1.6×	Dec 31, 2024
2023	$9.88B	$3.87B	2.6×	-0.9×	Dec 31, 2023
2022	$9.35B	$2.73B	3.4×	-6.7×	Dec 31, 2022
2021	$17.4B	$1.71B	10.2×	-24.9×	Dec 31, 2021
2020	$28.8B	$823M	35.0×	—	Dec 31, 2020

20253.4×
20244.2×
20232.6×
20223.4×
202110.2×
202035.0×

About P/S Ratio at Toast (TOST)

Toast (TOST) P/S ratio is 3.0× as of July 31, 2026. The 5-year average is 5.7×. The sector median currently stands at 6.0×. The current ratio is at the 19th percentile of its own 10-year history.

Toast (TOST) historical P/S ratio has ranged from a low of 2.1× (2023) to a high of 35.0× (2020) in the available daily series.

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast (TOST) P/S ratio in 2025 was 3.4×, contracted from 4.2× the prior year.

Toast P/S Ratio 2024: 4.2×

Toast (TOST) P/S ratio in 2024 was 4.2×, expanded from 2.6× the prior year.

Toast P/S Ratio 2023: 2.6×

Toast (TOST) P/S ratio in 2023 was 2.6×, contracted from 3.4× the prior year.

Toast P/S Ratio 2022: 3.4×

Toast (TOST) P/S ratio in 2022 was 3.4×, contracted from 10.2× the prior year.

Toast P/S Ratio 2021: 10.2×

Toast (TOST) P/S ratio in 2021 was 10.2×.

Sector peers by P/S Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/S Ratio — table

Technology peers of Toast (TOST), ranked by P/S ratio.


Elastic N.V. (ESTC)	2.8×
Uber (UBER)	2.7×
DocuSign (DOCU)	2.7×
Celestica (CLS)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.6×
Block (XYZ)	1.5×
Fiserv (FISV)	1.4×
EPAM Systems (EPAM)	1.3×
Optical Cable (OCC)	1.2×
Leidos Holdings (LDOS)	1.2×
Jabil (JBL)	1.1×
Dell Technologies (DELL)	1.0×
Sunrun (RUN)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×
Amkor Technology (AMKR)	0.0×

Elastic N.V. (ESTC)
2.8×
Uber (UBER)
2.7×
DocuSign (DOCU)
2.7×
Celestica (CLS)
2.7×
Broadridge Financial Solutions (BR)
2.6×
Gen Digital (GEN)
2.3×
GoDaddy (GDDY)
2.2×
Fidelity National Information Services (FIS)
2.1×
Zebra Technologies (ZBRA)
1.8×
Accenture (ACN)
1.6×
Block (XYZ)
1.5×
Fiserv (FISV)
1.4×
EPAM Systems (EPAM)
1.3×
Optical Cable (OCC)
1.2×
Leidos Holdings (LDOS)
1.2×
Jabil (JBL)
1.1×
Dell Technologies (DELL)
1.0×
Sunrun (RUN)
1.0×
Hewlett Packard Enterprise (HPE)
1.0×
Lyft (LYFT)
0.8×
CDW (CDW)
0.7×
Science Applications International (SAIC)
0.6×
Super Micro Computer (SMCI)
0.4×
HP (HPQ)
0.3×
Amkor Technology (AMKR)
0.0×

P/S Ratio for Toast (TOST) 2020-2026

P/S Ratio daily chart for Toast (TOST)

Historical P/S Ratio for Toast (TOST) from 2020 to 2025

About P/S Ratio at Toast (TOST)

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast P/S Ratio 2024: 4.2×

Toast P/S Ratio 2023: 2.6×

Toast P/S Ratio 2022: 3.4×

Toast P/S Ratio 2021: 10.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

P/S Ratio for Toast (TOST) 2020-2026

P/S Ratio daily chart for Toast (TOST)

Historical P/S Ratio for Toast (TOST) from 2020 to 2025

About P/S Ratio at Toast (TOST)

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast P/S Ratio 2024: 4.2×

Toast P/S Ratio 2023: 2.6×

Toast P/S Ratio 2022: 3.4×

Toast P/S Ratio 2021: 10.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Toast (TOST) Key Financials

P/S Ratio daily chart for Toast (TOST)

Historical P/S Ratio for Toast (TOST) from 2020 to 2025

About P/S Ratio at Toast (TOST)

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast P/S Ratio 2024: 4.2×

Toast P/S Ratio 2023: 2.6×

Toast P/S Ratio 2022: 3.4×

Toast P/S Ratio 2021: 10.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

What is Toast's P/S ratio?

How is the P/S ratio calculated?

What is the P/S ratio?

What is a good P/S ratio for Toast?

Is Toast's P/S ratio high or low?

What is Toast's historical P/S ratio range?

What was Toast's P/S ratio in 2025?

Why does Toast's P/S ratio change over time?

P/S Ratio daily chart for Toast (TOST)

Historical P/S Ratio for Toast (TOST) from 2020 to 2025

About P/S Ratio at Toast (TOST)

Toast P/S Ratio by Year

Toast P/S Ratio 2025: 3.4×

Toast P/S Ratio 2024: 4.2×

Toast P/S Ratio 2023: 2.6×

Toast P/S Ratio 2022: 3.4×

Toast P/S Ratio 2021: 10.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

What is Toast's P/S ratio?

How is the P/S ratio calculated?

What is the P/S ratio?

What is a good P/S ratio for Toast?

Is Toast's P/S ratio high or low?

What is Toast's historical P/S ratio range?

What was Toast's P/S ratio in 2025?

Why does Toast's P/S ratio change over time?

Toast (TOST) Key Financials