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Atlassian (TEAM, Software applications) Stock Valuation & Fair Value

Poor on forward returns

Atlassian (TEAM, Software applications) trades at a current P/E of 26.9, about 74% below its historical normal valuation, with a forward growth estimate of 14.9% and a PEG of 1.80. Analysts' one-year estimates have been hit 30% of the time. Priced at its historical normal P/E of 102.5 on the same blended earnings, the 2026-11-06 close of $153.68 corresponds to about $584 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
26.9
Normal P/E
102.5
PEG
1.80
Fwd growth
14.9%
Div yield
0.0%
RSI (14)
26.5
Oversold
Technical context
  • Price $153.68 at the Nov 6 close, 25.4% below the 20-day average ($206.06) and 21.6% below the 50-day ($196.05).
  • RSI (14) at 26.5.
  • 52-week range $57.15 to $227.61: the price is 32.5% below the high and 168.9% above the low.

The Street vs SeerForecast

Wall Street's mean price target for TEAM is $229.17 across 31 analysts, 49.1% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: poor on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating changed 3 times after 2026-07-31 and is back where it started: mixed on our tests as of 2026-11-02.

Current P/E and rating by weekCurrent P/E moved from 17.7 to 33.6 between 2026-07-31 and 2026-10-30, against a normal P/E of 102.5, with 3 rating changes over 14 recorded weeks.2026-07-31: P/E 17.7, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 18.2, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 18.2, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 25.7, Weak on forward returns, recorded live 2026-08-102026-08-14: P/E 25.7, Weak on forward returns, recalculated for the week of 2026-08-142026-08-14: P/E 28.0, Weak on forward returns, recorded live 2026-08-172026-08-21: P/E 28.0, Weak on forward returns, recalculated for the week of 2026-08-212026-08-21: P/E 29.7, Poor on forward returns, recorded live 2026-08-242026-08-27: P/E 29.7, Poor on forward returns, recalculated for the week of 2026-08-272026-08-28: P/E 29.7, Poor on forward returns, recalculated for the week of 2026-08-282026-08-28: P/E 29.7, Poor on forward returns, recalculated for the week of 2026-08-302026-08-28: P/E 33.0, Poor on forward returns, recorded live 2026-08-312026-09-04: P/E 33.0, Poor on forward returns, recalculated for the week of 2026-09-052026-09-04: P/E 32.9, Poor on forward returns, recorded live 2026-09-072026-09-11: P/E 32.9, Poor on forward returns, recalculated for the week of 2026-09-122026-09-11: P/E 31.2, Poor on forward returns, recorded live 2026-09-142026-09-18: P/E 31.2, Poor on forward returns, recalculated for the week of 2026-09-192026-09-18: P/E 33.4, Poor on forward returns, recorded live 2026-09-212026-09-25: P/E 32.7, Poor on forward returns, recalculated for the week of 2026-09-262026-09-25: P/E 32.7, Poor on forward returns, recorded live 2026-09-282026-10-02: P/E 32.8, Poor on forward returns, recalculated for the week of 2026-10-032026-10-02: P/E 32.8, Poor on forward returns, recorded live 2026-10-052026-10-09: P/E 36.1, Poor on forward returns, recalculated for the week of 2026-10-102026-10-09: P/E 36.1, Poor on forward returns, recorded live 2026-10-122026-10-16: P/E 36.4, Poor on forward returns, recalculated for the week of 2026-10-172026-10-16: P/E 36.4, Poor on forward returns, recorded live 2026-10-192026-10-23: P/E 39.9, Poor on forward returns, recalculated for the week of 2026-10-242026-10-23: P/E 39.9, Poor on forward returns, recorded live 2026-10-262026-10-30: P/E 33.6, Mixed on our tests, recalculated for the week of 2026-10-312026-10-30: P/E 33.6, Mixed on our tests, recorded live 2026-11-0225.050.075.0100.0Jul 31Aug 23Sep 15Oct 7Oct 30Normal P/E 102.5
Mixed on our testsWeak on forward returnsPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 17.7not meaningfulMixed on our tests (recalculated)
2026-08-10P/E 25.7-75%Weak on forward returns
2026-08-24P/E 29.7-71%Poor on forward returns
2026-10-24P/E 39.9-61%Poor on forward returns (recalculated)
2026-10-31P/E 33.6-67%Mixed on our tests (recalculated) (across a rating rules change)
2026-11-02P/E 33.6-67%Mixed on our tests ← now
Show all 30 readings
WeekCurrent P/EPremium to normal P/ERating
2026-07-31P/E 17.7not meaningfulMixed on our tests (recalculated)
2026-08-03P/E 18.2-83%Mixed on our tests
2026-08-07P/E 18.2-83%Mixed on our tests (recalculated)
2026-08-10P/E 25.7-75%Weak on forward returns
2026-08-14P/E 25.7-75%Weak on forward returns (recalculated)
2026-08-17P/E 28.0-73%Weak on forward returns
2026-08-21P/E 28.0-73%Weak on forward returns (recalculated)
2026-08-24P/E 29.7-71%Poor on forward returns
2026-08-27P/E 29.7-71%Poor on forward returns (recalculated)
2026-08-28P/E 29.7-71%Poor on forward returns (recalculated)
2026-08-30P/E 29.7-71%Poor on forward returns (recalculated)
2026-08-31P/E 33.0-68%Poor on forward returns
2026-09-05P/E 33.0-68%Poor on forward returns (recalculated)
2026-09-07P/E 32.9-68%Poor on forward returns
2026-09-12P/E 32.9-68%Poor on forward returns (recalculated)
2026-09-14P/E 31.2-70%Poor on forward returns
2026-09-19P/E 31.2-70%Poor on forward returns (recalculated)
2026-09-21P/E 33.4-67%Poor on forward returns
2026-09-26P/E 32.7-68%Poor on forward returns (recalculated)
2026-09-28P/E 32.7-68%Poor on forward returns
2026-10-03P/E 32.8-68%Poor on forward returns (recalculated)
2026-10-05P/E 32.8-68%Poor on forward returns
2026-10-10P/E 36.1-65%Poor on forward returns (recalculated)
2026-10-12P/E 36.1-65%Poor on forward returns
2026-10-17P/E 36.4-65%Poor on forward returns (recalculated)
2026-10-19P/E 36.4-65%Poor on forward returns
2026-10-24P/E 39.9-61%Poor on forward returns (recalculated)
2026-10-26P/E 39.9-61%Poor on forward returns
2026-10-31P/E 33.6-67%Mixed on our tests (recalculated) (across a rating rules change)
2026-11-02P/E 33.6-67%Mixed on our tests ← now

Frequently asked questions

Is Atlassian stock overvalued?

At a current P/E of 26.9 versus its historical normal P/E of 102.5, Atlassian trades about 74% below its typical valuation, with a PEG of 1.80 on 14.9% forward growth. tickerseer currently rates it poor on forward returns.

What is Atlassian's fair value and PEG?

Atlassian trades at a current P/E of 26.9 against a historical normal P/E of 102.5, a PEG of 1.80, and a forward growth estimate of 14.9%. Priced at its historical normal P/E of 102.5 on the same blended earnings, the 2026-11-06 close of $153.68 corresponds to about $584 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Atlassian changed?

tickerseer's rating changed 3 times after 2026-07-31 and is back where it started: mixed on our tests as of 2026-11-02.

What is the analyst price target for Atlassian?

The mean Wall Street price target for Atlassian is $229.17 across 31 analysts, 49.1% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Software applications. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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