Is GLOB overvalued or undervalued?

At $39.25 the price sits below every lens we ran. We don't call GLOB overvalued or undervalued from a range. This is an educational estimate, not advice.

What discount rate is used for GLOB?

A WACC of 9.6% and a terminal growth rate of 2.5%.

Is Globant stock undervalued?

TickerWorth's fair-value range for Globant S.A. (GLOB) is $52.90 – $163.79 against a market price of $39.25. Priced below our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.

Globant (GLOB) DCF valuation and fair value

Our fair-value range for Globant S.A. (GLOB) is $52.90 – $163.79, built on a 9.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

What growth is priced into Globant stock?

no growth rate up to 300%/yr justifies the price under these economics This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $39.25. A model estimate, not investment advice.

Globant (GLOB) insider trading

The most recent insider filing (SEC Form 4) for Globant S.A. (GLOB): Matzkin Fernando, Chief Revenue Officer, open-market sale on 2026-09-03. The latest filings are listed on this page. A disclosure, not a signal to trade.

GLOB · Intrinsic value

Is Globant S.A. (GLOB) overvalued or undervalued?

Name: Globant S.A. (GLOB) DCF intrinsic value
Creator: TickerWorth

As of Oct 19, 2026, TickerWorth publishes a fair-value range of $52.90 – $163.79 for Globant S.A. (GLOB), against the delayed market price of $39.25: priced below our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full GLOB analysis

What is GLOB worth?

Backup data source

This price comes from our backup market-data feed.

Fair-value range: $52.90 – $163.79; A range by design: peer multiples and our researched mid-cycle DCF.
Market price: $39.25
Gap to fair value: —
Verdict: Priced below our range

Price as of 19 Oct 2026, 13:54 UTC · Prices are delayed.We publish this company as a range by design, not because our valuation lenses disagree, and we do not collapse it to a single number. We do not call it over- or undervalued from a range.

Fair-value range against the delayed market price: Priced below our range.

Reverse DCF: no growth rate up to 300%/yr justifies the price under these economics

What is GLOB's TickerWorth Score?

A63/100

Cheap against our estimate — but a weaker business

Compared with Technology companies in US

Its strongest point: looks cheap on the numbers. Its weakest: profitability is weak.

Value · 93 of 100
Cheaper than 93% of Technology companies in US
Price vs worth · 100 of 100
Quality · 30 of 100
More profitable than 30% of Technology companies in US
Financial health · 48 of 100
Financially stronger than 48% of Technology companies in US
Growth · 54 of 100
Growing faster than 54% of Technology companies in US
Momentum · 30 of 100
Outperformed 30% of Technology companies in US over the past year

Confidence: High confidence · Scored 19 Oct 2026, 13:54 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

THE MODEL SAYS CHEAP, AND THE DISAGREEMENT IS ABOUT AI, NOT ABOUT THE FILINGS. On Globant's own 2026 guidance and a stabilizing-not-shrinking path, the business is worth well above today's price. The reverse DCF, holding this model's discount rate and 2026 guidance, needs ONE of: perpetual growth of about -1.3% a year (a slowly shrinking business forever), a steady IFRS margin of ~5.5% from 2027 (vs 8.5%), or a beta of ~1.76. The market is pricing an AI-driven erosion of the billable-hours base that 2026's -0.4% guide has only begun to show.
RANGE-ONLY: the guided negative 2026 revenue year trips the site's cyclical flag. The WACC +/-1.5pt and terminal growth +/-1pt grid is wide; the point estimate is the middle of a range, not a target.
TERMINAL VALUE IS ~72% OF ENTERPRISE VALUE. The five explicit years contribute only about a quarter of the answer, so this is mainly a bet on whether a ~8.5% IFRS-margin, low-growth Globant exists in steady state.
BETA NORMALIZED UP (0.975 published -> 1.10), and no country-risk premium is added despite majority-LatAm delivery. If an investor demands an extra ~1pt on the cost of equity for Argentina/LatAm exposure the value falls by roughly $6.40/share.
SBC IS LARGE RELATIVE TO THE MARKET CAP: ~$75M a year (3.0% of revenue) against a ~$1.5B equity value. It stays a real expense in this model. Globant's adjusted EPS - and so its ~6x forward P/E - adds it back along with amortization and restructuring; that multiple overstates how cheap the shares are.
NET-DEBT COMPOSITION IS PARTLY ESTIMATED: Globant's 6-K does not break down the $148M of 'other financial liabilities' at 2026-06-30; the year-end 2025 20-F breakdown is used to justify treating it as debt-like. Earn-outs are uncapped and remeasured each period.
YEAR-1 FCF (~$173M) IS ~18% BELOW FY2025's REPORTED $211.7M - inside the 20% threshold but close. The gap is ~$43M of after-tax 2026 restructuring (~$55M pre-tax) and the lease-interest charge, not a forecast of weaker collections; from 2027 modeled FCF is ~$203-216M.
WHAT THE AUTOMATIC MODEL LIKELY MISSED (only what the filings show): Globant's 'debt' on a feed is borrowings (plus leases), so a generic DCF omits ~$208M of earn-out, minority-put and NCI claims (~$4.80/share), and a feed that grows FY2025's base ignores that 2026 revenue is guided DOWN. The rest of the gap is the automatic model's growth and margin assumptions, which cannot be seen from the filings.

Why GLOB gets a range, not one number

At a recent price of $39.25, Globant S.A. (GLOB) sits below every lens we ran: our valuation lenses put the business somewhere between $52.90 and $163.79 per share. For a cyclical we value through the cycle we publish a range only (peer multiples and our researched mid-cycle DCF): where in the cycle the business sits decides where in that range it lands, and a single figure would claim we know that precisely. This is an educational model, not a price target or a recommendation.

Read the full reasoning

The valuation discounts Globant S.A.'s projected free cash flows at a weighted-average cost of capital (WACC) of 9.6%, with a long-run terminal growth rate of 2.5%. About 72% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, GLOB's modeled DCF value ranges from about $37.70 to $84.54 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what Globant S.A. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of GLOB's intrinsic value. Figures update as new filings and prices come in.

Every input behind GLOB's DCF

Input	Value	Source
Base-year revenueGlobant FY2025 Form 20-F (accession 0001628280-26-012910, filed 2026-02-27): ifrs-full:Revenue FY2025 = $2,454,877K, +1.6% on FY2024's $2,415,689K. Globant is a Luxembourg-domiciled foreign private issuer that reports under IFRS in US dollars and files a 20-F, not a 10-K; calendar fiscal year, so FY2025 is the latest completed year and FY2026 is Year 1. The +1.6% INCLUDES acquisitions (the late-2024 Exusia and Blankfactor deals, $278M of 2024 deal cash, and Omni.Pro from April 2025, $63M), so organic growth was negative; Globant does not publish an organic figure, so I do not quote one. CROSS-CHECK: H1 2026 revenue $1,221.5M vs H1 2025 $1,225.3M (-0.3%), Q2 2026 $614.4M flat YoY (Q2 2026 release). Headcount fell from 30,084 to 27,411 over the same twelve months.	$2,454,900,000	Globant FY2025 Form 20-F (accession 0001628280-26-012910, filed 2026-02-27): ifrs-full:Revenue FY2025 = $2,454,877K, +1.6% on FY2024's $2,415,689K. Globant is a Luxembourg-domiciled foreign private issuer that reports under IFRS in US dollars and files a 20-F, not a 10-K; calendar fiscal year, so FY2025 is the latest completed year and FY2026 is Year 1. The +1.6% INCLUDES acquisitions (the late-2024 Exusia and Blankfactor deals, $278M of 2024 deal cash, and Omni.Pro from April 2025, $63M), so organic growth was negative; Globant does not publish an organic figure, so I do not quote one. CROSS-CHECK: H1 2026 revenue $1,221.5M vs H1 2025 $1,225.3M (-0.3%), Q2 2026 $614.4M flat YoY (Q2 2026 release). Headcount fell from 30,084 to 27,411 over the same twelve months.
Base EBIT marginGlobant FY2025 Form 20-F (accession 0001628280-26-012910, filed 2026-02-27): IFRS profit from operations $171,732K / $2,454,877K = 7.00%. It is AFTER: share-based compensation $77.7M (3.2% of revenue), acquisition-related charges $71.8M (2.9%; of which ~$50.5M is amortization of acquired customer relationships, platforms, non-competes and trademarks per the 20-F intangibles note), and business-optimization (restructuring) costs $52.0M (2.1%). Globant's own non-IFRS adjusted operating margin, which adds all three back, was 15.2% (15.4% in FY2024). Used by the engine only for the cyclical check; the forecast starts from the 2026 guide. CROSS-CHECK: H1 2026 IFRS $71.5M / $1,221.5M = 5.9% (adjusted 13.6%), after a further $32.3M of restructuring in Q2.	7.0%	Globant FY2025 Form 20-F (accession 0001628280-26-012910, filed 2026-02-27): IFRS profit from operations $171,732K / $2,454,877K = 7.00%. It is AFTER: share-based compensation $77.7M (3.2% of revenue), acquisition-related charges $71.8M (2.9%; of which ~$50.5M is amortization of acquired customer relationships, platforms, non-competes and trademarks per the 20-F intangibles note), and business-optimization (restructuring) costs $52.0M (2.1%). Globant's own non-IFRS adjusted operating margin, which adds all three back, was 15.2% (15.4% in FY2024). Used by the engine only for the cyclical check; the forecast starts from the 2026 guide. CROSS-CHECK: H1 2026 IFRS $71.5M / $1,221.5M = 5.9% (adjusted 13.6%), after a further $32.3M of restructuring in Q2.
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	-0% → 1% → 2% → 2% → 2%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. Shared by every researched model in this tracker.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation. Shared by every researched model in this tracker.
BetaESTIMATEAssumption — Yahoo Finance / yfinance published 5Y-monthly beta + own regressions: NORMALIZED UP from the published 5Y-monthly 0.975 to 1.10 - CONSERVATIVE, it raises WACC and lowers the value. Recomputed independently: 5Y monthly vs the S&P 500 = 0.91 (59 returns), 2Y WEEKLY = 1.23 (104 returns). Two reasons to lean on the recent regime: (1) the 5-year monthly window is dominated by Globant's pre-2025 hypergrowth years and barely registers the AI-disruption de-rating (52-week range $27.56-$72.10, a ~17% fall on 2026-08-14); (2) no separate country-risk premium is added, although ~21% of revenue is Latin American and most of the delivery workforce sits in Argentina, Colombia, Mexico and other LatAm countries. 1.10 is roughly the midpoint of the published figure and the 2Y weekly. Using the published 0.975 would add ~$4.80/share; 1.23 would take ~$4.30 off.	1.10	ESTIMATEAssumption — Yahoo Finance / yfinance published 5Y-monthly beta + own regressions: NORMALIZED UP from the published 5Y-monthly 0.975 to 1.10 - CONSERVATIVE, it raises WACC and lowers the value. Recomputed independently: 5Y monthly vs the S&P 500 = 0.91 (59 returns), 2Y WEEKLY = 1.23 (104 returns). Two reasons to lean on the recent regime: (1) the 5-year monthly window is dominated by Globant's pre-2025 hypergrowth years and barely registers the AI-disruption de-rating (52-week range $27.56-$72.10, a ~17% fall on 2026-08-14); (2) no separate country-risk premium is added, although ~21% of revenue is Latin American and most of the delivery workforce sits in Argentina, Colombia, Mexico and other LatAm countries. 1.10 is roughly the midpoint of the published figure and the 2Y weekly. Using the published 0.975 would add ~$4.80/share; 1.23 would take ~$4.30 off.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. NOT obviously conservative here: Globant's revenue is guided to fall in 2026 and the whole bear case is that AI permanently shrinks the pool of billable engineering hours, in which case perpetual growth could be below zero. 2.0% takes ~$3.20/share off; 1.5% ~$6.10. Must stay well below the ~9.6% WACC; it does.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. NOT obviously conservative here: Globant's revenue is guided to fall in 2026 and the whole bear case is that AI permanently shrinks the pool of billable engineering hours, in which case perpetual growth could be below zero. 2.0% takes ~$3.20/share off; 1.5% ~$6.10. Must stay well below the ~9.6% WACC; it does.
Diluted sharesGlobant Q2 2026 results release, 6-K Ex-99.1 (accession 0001104659-26-095916, furnished 2026-08-13): Q2 2026 weighted-average diluted shares 43,228K (IFRS income statement; H1 2026 43,405K, FY2025 45,005K). Globant shares trade directly on the NYSE (no ADR, ratio 1:1). The count is falling: $50M of buybacks in Q1 2026 and $25M in Q2 completed the prior program, and a new $125M authorization over six quarters is in place (Q2 release). yfinance shows 43.18M outstanding now. SBC dilution (~$75M a year, ~4.9% of today's market cap) is a real cost and stays expensed in EBIT.	43M	Globant Q2 2026 results release, 6-K Ex-99.1 (accession 0001104659-26-095916, furnished 2026-08-13): Q2 2026 weighted-average diluted shares 43,228K (IFRS income statement; H1 2026 43,405K, FY2025 45,005K). Globant shares trade directly on the NYSE (no ADR, ratio 1:1). The count is falling: $50M of buybacks in Q1 2026 and $25M in Q2 completed the prior program, and a new $125M authorization over six quarters is in place (Q2 release). yfinance shows 43.18M outstanding now. SBC dilution (~$75M a year, ~4.9% of today's market cap) is a real cost and stays expensed in EBIT.
Market priceBackup price feed · as of 2026-10-19 13:54 UTC	$39.25	Backup price feed · as of 2026-10-19 13:54 UTC

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What does Globant S.A. do?

What does it do?

Globant S.A., together with its subsidiaries, provides technology services in the United States, rest of North America, Latin America, Europe, and internationally. The company offers Digital Studio, which integrates artificial intelligence into the software development; GUT Studio, which allows clients to better connect brands; and Enterprise Studio, which leverages technology for streamlined operations and productivity. It operates in the Information Technology Services industry (Technology sector), headquartered in Luxembourg. The company employs roughly 27,411 people.

How does it make money?

The business turns $2.5B in annual revenue into profit. Out of every $100 of sales, about $5 is left as operating profit (operating margin of 4.9%), after a 35% gross margin on the products/services it sells. After all costs, taxes and interest, 4.6% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks mixed: carries modest debt (0.2× equity), comfortably covers its short-term bills (1.8× current ratio), and is currently profitable.

Who at GLOB filed insider trades?

Recent insider filings for Globant S.A.
Date	Insider	Relationship	What happened	Value	Filing
3 Sept 2026	Matzkin Fernando	Chief Revenue Officer	Open-market sale	$100,000.00	Form 4 for Matzkin Fernando (opens sec.gov in a new tab)
1 Sept 2026	Rottenberg Linda	Director	Grant / award	—	Form 4 for Rottenberg Linda (opens sec.gov in a new tab)
1 Sept 2026	Pinelli Maria	Director	Grant / award	—	Form 4 for Pinelli Maria (opens sec.gov in a new tab)
1 Sept 2026	Petroni Merhy Andrea Mayumi	Director	Grant / award	—	Form 4 for Petroni Merhy Andrea Mayumi (opens sec.gov in a new tab)
1 Sept 2026	McLaughlin Andrew John	Director	Grant / award	—	Form 4 for McLaughlin Andrew John (opens sec.gov in a new tab)
1 Sept 2026	Alvarez-Demalde Francisco	Director	Grant / award	—	Form 4 for Alvarez-Demalde Francisco (opens sec.gov in a new tab)

A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans

Common questions

What is GLOB's intrinsic value?
TickerWorth's valuation lenses put Globant S.A. (GLOB) between $52.90 and $163.79 per share, versus a market price of $39.25. For a cyclical we value through the cycle we publish a range only (peer multiples and our researched mid-cycle DCF): where in the cycle the business sits decides where in that range it lands, and a single figure would claim we know that precisely.
Is GLOB overvalued or undervalued?
At $39.25 the price sits below every lens we ran. We don't call GLOB overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for GLOB?
A WACC of 9.6% and a terminal growth rate of 2.5%.
Is Globant stock undervalued?
TickerWorth's fair-value range for Globant S.A. (GLOB) is $52.90 – $163.79 against a market price of $39.25. Priced below our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Globant (GLOB) DCF valuation and fair value
Our fair-value range for Globant S.A. (GLOB) is $52.90 – $163.79, built on a 9.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Globant stock?
no growth rate up to 300%/yr justifies the price under these economics This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $39.25. A model estimate, not investment advice.
Globant (GLOB) insider trading
The most recent insider filing (SEC Form 4) for Globant S.A. (GLOB): Matzkin Fernando, Chief Revenue Officer, open-market sale on 2026-09-03. The latest filings are listed on this page. A disclosure, not a signal to trade.