Samsara Inc. (IOT) Stock

Samsara Inc. (IOT) is a Technology stock trading at $38.97 (as of 2026-08-20), with a market capitalization of $22.90B and a trailing P/E of 398.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Samsara Inc. provides a Connected Operations Cloud that connects data from its IoT devices to operations use cases. Its offering includes a data platform for ingesting and enriching IoT data and applications such as video-based safety, vehicle telematics, equipment monitoring, and site visibility, serving customers across industries including transportation, construction, utilities, healthcare, manufacturing, and retail.

Understand Samsara Inc.: how it makes money

Samsara provides a Connected Operations Cloud that collects and enriches IoT device data (plus AI, workflows, analytics, alerts, APIs, and data security) and delivers applications such as video-based safety, vehicle telematics, equipment monitoring, and site visibility, with revenue reflected in ARR.

Samsara’s profit engine is recurring cloud monetization, where ARR and Ending ARR act as leading indicators of how much connected-platform subscription revenue the business generates over time.

Business quality (Mixed): Clear recurring-metrics focus (ARR, Ending ARR) and a well-specified cloud platform and application set, but no reportable segment revenue breakdown is provided here.

Valuation: At 317× earnings, IOT trades 897% above the Tech Hardware average (32×). Note: one-time items can distort reported P/E.

Bull case

Platform breadth built on IoT data: The Connected Operations Cloud includes a Data Platform that ingests, aggregates, and enriches IoT device data, and it supports embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.
Multiple application surfaces on top of the cloud: Samsara offers video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility, which can diversify how customers use the platform.

Bear case

Recurring revenue momentum is the key swing factor: If ARR and Ending ARR do not grow (or decline), revenue generation from the Connected Operations Cloud could be pressured.
Operational reliance on connected data and security: Because the value proposition depends on ingesting and securing IoT data and delivering safety and operational applications, any customer concerns related to data security and privacy or ongoing system integration could hurt adoption or expansion.

Valuation — source: SEC EDGAR (first-party)
Price	$38.97
Market Cap	$22.90B
P/E Ratio	398.2
EV / EBITDA	1542.0
Price / Book	15.19
Price / Sales	13.23
FCF Yield	1.0%
DCF Value (model)	$4.91
DCF Upside vs Price	-87.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.62B
Net Margin	-0.6%
Revenue Growth (YoY)	30.5%
EPS Growth (YoY)	-300.0%
FCF Growth (YoY)	60.2%

Financial Health — source: SEC EDGAR
Altman Z-Score	11.93 (safe)

Valuation vs Sector & Industry
Stock P/E	398.2
Sector P/E (Technology)	33.9
Industry P/E (Computers)	32.1
vs Sector	1073.6%
vs Industry	1141.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BAILLIE GIFFORD & CO ($1.82B)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Technology
Industry	Computers
CEO	Sanjit Biswas
Employees	3,500
Country	US
IPO Date	2021-12-15

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.