EBITDAEarnings Before Interest, Taxes, Depreciation, and Amortization — a measure of operating profitability before financing and accounting decisions. EV/EBITDA compares a company's full value (including debt) to this figure, often used to compare companies with different capital structures.
EV/EBITDA 147.10x
PEG ratioPrice/Earnings-to-Growth: the P/E ratio divided by expected earnings growth. Below 1.0 is often read as cheap relative to growth; above suggests the market is pricing in a lot of future growth already. Different providers use different growth-rate assumptions, so figures vary by source.
1.58
Capex
−$35.10M (TTM)
Fundamentals sourced as cited below; figures vary slightly by provider and reporting date, consistent with real-world data variance across sources. EBITDA, PEG ratio, and capex sourced from public filings and financial-data aggregators (GuruFocus, StockAnalysis, company earnings releases). PEG ratio is sourced primarily from GuruFocus where available; different providers calculate PEG using different growth-rate assumptions (trailing vs. forward, 1-year vs. 5-year), so figures from other sources for the same stock can vary by several multiples — a known limitation of PEG as a metric, not unique to any name here.
Why it's on the list
Palantir has built genuinely sticky government and enterprise software around AI-driven data analysis, with renewal rates and contract expansion that suggest real product lock-in rather than just a good AI story.
Why it's not in the book yet
The valuation is the whole conversation with this stock — it trades at a multiple that prices in years of continued hypergrowth, and I don't yet have a version of the bull case where I'm comfortable being wrong about the multiple, only the growth rate.
What would move me to buy
A meaningful multiple compression that isn't accompanied by a deceleration in the underlying government/commercial contract growth — i.e., the business staying intact while the price gets more reasonable.
Sources: public.com, gurufocus.com, Yahoo Finance, macrotrends.net (as of July 11, 2026). This is a watchlist entry, not a position — see Watchlist for the full list and Investment Policy Statement for what it takes for a name to become a real position. Not investment advice.