Workday looks cheaper than Atlassian on all three valuation measures in this snapshot. That’s a useful starting point, but it doesn’t tell you which stock is the better fit.
Workday Inc. (WDAY) and Atlassian Corp. Plc (TEAM) are both in the Information Technology and Software & Services industry group. Their latest adjusted closing prices in the snapshot, dated November 6, 2026, are US$192.90 and US$153.68. Workday’s market cap is US$46.5 billion, compared with Atlassian’s US$38.9 billion. Workday also has lower P/E, PEG and P/B ratios. These figures describe the companies at one point in time; they don’t predict future returns.
Investor takeaway: Workday has lower values on all three supplied measures: a P/E of 39.3 versus Atlassian’s 465.7, a PEG of 0.58 versus 1.60, and a P/B of 7.20 versus 42.55. Lower ratios don’t prove that Workday is undervalued, that Atlassian is overvalued, or that either stock will outperform. The snapshot doesn’t explain the valuation gap or show how either company’s results will develop.
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Workday Inc
WDAY.US
Information Technology
$192.90
$46.49B
1D
-3.63%
1W
-2.49%
Atlassian Corp Plc
TEAM.US
Information Technology
$153.68
$38.90B
1D
-16.15%
1W
-19.84%
Workday is lower on all three supplied valuation multiples
Workday’s P/E is 39.3, compared with Atlassian’s 465.7. Its PEG is 0.58 versus 1.60, and its P/B is 7.20 versus 42.55. These are point-in-time comparisons, not proof of fair value or future performance.
Bull case
Workday’s lower P/E, PEG and P/B come alongside a higher reported return on equity (ROE) for the trailing 12 months: 16.0%, compared with Atlassian’s 7.8%. That adds context to the valuation comparison, but it doesn’t mean the gap will last.
Bear case
Workday’s lower ratios don’t show whether its share price reflects future business risks or growth expectations. Both companies have a 0.00% dividend yield in the snapshot, so dividend income doesn’t set them apart based on these figures.
The valuation comparison
Workday has lower values on every supplied measure. Its P/E is 39.3, compared with Atlassian’s 465.7. Its PEG is 0.58 versus 1.60, and its P/B is 7.20 versus 42.55. The snapshot shows no split between the three measures: Workday is lower on each. But these ratios don’t prove that Workday is undervalued or that Atlassian can’t deliver stronger results. For more company details, see Workday’s stock page and Atlassian’s stock page.
Business figures and analyst labels
The snapshot lists Workday’s trailing 12-month ROE at 16.0% and Atlassian’s at 7.8%. Both have a dividend yield of 0.00%, and both carry a Buy analyst consensus label. The supplied analyst price targets are US$209.25 for Workday and US$222.91 for Atlassian. These are snapshot figures, not promises about future share prices. They also don’t explain why the companies trade at different multiples.
What the snapshot can tell investors
The figures show Workday with lower P/E, PEG and P/B ratios, alongside differences in market cap and reported ROE. They aren’t enough to determine future growth, business risks or fair value. Use them as a starting point, alongside your own assessment of each company and the limits of a single-date comparison.
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