Overly Punished TTD with Huge UpsideTrade Desk, Inc. Class ABATS:TTDdanny_peanutsThe Trade Desk (TTD) shows mixed signals on fundamental valuation. Its price-to-book ratio (P/B) is about 4.7, which is higher than the market average, suggesting it’s not cheap relative to book value. However, the forward price-to-earnings ratio (P/E) has dropped to ~12.8, indicating earnings growth expectations make it more affordable compared to past levels. Cash flow analysis reveals TTD trades significantly below its estimated future cash flow value ($25 vs. $105), highlighting undervaluation on a discounted cash flow basis. TTD does not currently pay dividends, so shareholder returns rely on growth and cash flow strength.