nCino's share price has fallen about 74% over the past five years, yet current market multiples still screen the stock as expensive. The company trades on a P/E of about 140.4 times, far above the software industry average of roughly 29.1 times and the peer group average of about 35.9 times. A fair P/E ratio implied by a broader model is around 48.4 times, indicating the current multiple sits well above what would be reasonable. Recent contract wins with lenders such as Cornerstone First Mortgage and DNB support the long-term revenue story, but execution risk around expanding large deployments and converting headline deals into sustained cash flow may weigh on what investors are willing to pay. With a broader value score of 3 out of 6 on Simply Wall St, nCino presents a mixed picture rather than a clear bargain or clear overvaluation across different valuation checks.
nCino IncStock trades at P/E of 140.4x, far above fair value of 48.4x, indicating overvaluation.
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