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Atlassian (TEAM, Application Software) Stock Valuation & Fair Value Significantly overvalued

Atlassian (TEAM, Application Software) trades at a blended P/E of 33.4, about 67% below its historical normal valuation, with a forward growth estimate of 14.4% and a PEG of 2.31. 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 2026-09-18 close of $192.02 corresponds to about $589 a share. This is a valuation reference, not a price target.

DATA AS OF 2026-09-21
Blended P/E
33.4
Normal P/E
102.5
PEG
2.31
Fwd growth
14.4%
Div yield
0.0%
RSI (14)
67.2
Neutral
Technical context
  • Price $195.08 at the 2026-09-23 close, 4.8% above the 20-day average ($186.22) and 31.5% above the 50-day ($148.39).
  • RSI (14) at 67.2.
  • 52-week range $57.15 to $195.67: the price is 0.3% below the high and 241.3% above the low.

The Street vs SeerForecast

Wall Street's mean price target for TEAM is $199.23 across 31 analysts, 2.1% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: significantly overvalued. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from fairly valued (2026-07-31) to significantly overvalued (2026-09-21).

Blended P/E and rating by weekBlended P/E moved from 17.7 to 33.4 between 2026-07-31 and 2026-09-21, against a normal P/E of 102.5, with 2 rating changes over 18 recorded weeks.2026-07-31: P/E 17.7, Fairly valued (recalculated)2026-08-03: P/E 18.2, Fairly valued2026-08-07: P/E 18.2, Fairly valued (recalculated)2026-08-10: P/E 25.7, Trading above fair value2026-08-14: P/E 25.7, Trading above fair value (recalculated)2026-08-17: P/E 28.0, Trading above fair value2026-08-21: P/E 28.0, Trading above fair value (recalculated)2026-08-24: P/E 29.7, Significantly overvalued2026-08-27: P/E 29.7, Significantly overvalued (recalculated)2026-08-28: P/E 29.7, Significantly overvalued (recalculated)2026-08-30: P/E 29.7, Significantly overvalued (recalculated)2026-08-31: P/E 33.0, Significantly overvalued2026-09-05: P/E 33.0, Significantly overvalued (recalculated)2026-09-07: P/E 32.9, Significantly overvalued2026-09-12: P/E 32.9, Significantly overvalued (recalculated)2026-09-14: P/E 31.2, Significantly overvalued2026-09-19: P/E 31.2, Significantly overvalued (recalculated)2026-09-21: P/E 33.4, Significantly overvalued25.050.075.0100.0Jul 31Aug 13Aug 26Sep 8Sep 21Normal P/E 102.5
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

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

WeekBlended P/EPremium to normal P/ERating
2026-07-31P/E 17.7-84%Fairly valued
2026-08-10P/E 25.7-75%Trading above fair value
2026-08-24P/E 29.7-71%Significantly overvalued
2026-09-21P/E 33.4-67%Significantly overvalued ← now

Frequently asked questions

Is Atlassian stock overvalued?

At a blended P/E of 33.4 versus its historical normal P/E of 102.5, Atlassian trades about 67% below its typical valuation, with a PEG of 2.31 on 14.4% forward growth. tickerseer currently rates it significantly overvalued.

What is Atlassian's fair value and PEG?

Atlassian trades at a blended P/E of 33.4 against a historical normal P/E of 102.5, a PEG of 2.31, and a forward growth estimate of 14.4%. Priced at its historical normal P/E of 102.5 on the same blended earnings, the 2026-09-18 close of $192.02 corresponds to about $589 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Atlassian changed?

tickerseer's rating moved from fairly valued (2026-07-31) to significantly overvalued (2026-09-21).

What is the analyst price target for Atlassian?

The mean Wall Street price target for Atlassian is $199.23 across 31 analysts, 2.1% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

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

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