Sprinklr, Inc. (CXM) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+119.0%

$15.32

vs $7.00 price

Levered DCF

$22.47

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.68

Grey zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	69.88×	18.96×	65.68×	-47.33×	-26.16×	-110×	-110×
P/B	2.7×	3.79×	4.96×	4.7×	5.59×	24.05×	-196.66×
P/S	1.87×	2.91×	4.6×	4.17×	5.86×	11.36×	13.56×
EV / EBITDA	18.99×	48.89×	60.3×	-61.47×	-32.29×	-221.57×	-140.94×
Gross margin	67.4%	72.2%	75.5%	73.5%	70.0%	68.4%	62.0%
Operating margin	6.9%	3.0%	4.6%	-8.3%	-20.2%	-6.6%	-11.0%
Net margin	2.7%	15.3%	7.0%	-9.0%	-22.6%	-10.6%	-12.3%
Current ratio	1.6×	1.65×	1.97×	1.88×	2.07×	1.63×	0.72×
Debt / equity	0.08×	0.08×	0.05×	0.03×	0×	0.43×	0×
Interest coverage	0×	-0.92×	0×	0×	-31.08×	-4.65×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-1.5%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	3.9%	19.9%	7.6%	-10.1%	-21.6%	-22.5%	178.0%
Return on invested capital	3.1%	3.6%	4.0%	-8.9%	-18.7%	-9.0%	-319.5%
Return on assets	1.9%	10.3%	4.2%	-5.4%	-12.1%	-7.0%	-14.8%
Free cash flow yield	9.9%	3.1%	1.5%	0.4%	-1.6%	0.0%	0.3%
Earnings yield	1.4%	5.2%	1.5%	-2.2%	-3.9%	-0.9%	-0.9%
Enterprise value	$1.5B	$2.2B	$3.2B	$2.4B	$2.6B	$4.4B	$4.4B
Net debt / EBITDA	-1.49×	-2.12×	-2.43×	4.38×	4.05×	-0.54×	0.34×
Cash conversion cycle (days)	79	89	67	58	85	246	201