ASAN vs MNDY Stock Comparison: AI Score, Valuation, Performance and Upside
Asana and Monday.com are the two most directly comparable work management SaaS companies, both targeting non-developer business teams in the same market with similar product capabilities. Monday.com has consistently grown faster, maintained higher customer satisfaction scores, and expanded its product surface more aggressively. Asana has stronger brand recognition and a unique Work Graph data model but has faced more significant growth deceleration.
ASAN vs MNDY is the most head-to-head comparison in work management SaaS — both target the same market, both are subscription PLG companies, and Monday.com has demonstrably outperformed Asana in revenue growth, product expansion, and customer satisfaction metrics. The core question is whether Asana can reignite growth or whether Monday.com's momentum continues to widen the gap.
MNDY holds the edge across 3 of 5 key metrics in this comparison. ASAN has delivered stronger 1-year price return (-47.93% vs -75.11%), though MNDY trades at the lower forward P/E (13.26x vs 14.59x). Analyst consensus implies meaningfully more upside for MNDY (+51.16%) than for ASAN (+32.00%).
- →prefer a value investment in enterprise work management at lower valuation multiples after significant growth deceleration
- →value the Work Graph data model as a unique organizational intelligence layer that Monday.com does not replicate
- →want a recovery thesis as Asana AI Studio and enterprise expansion drive potential re-acceleration
- →are comfortable with slower growth than Monday.com and execution risk in a market where Monday is gaining share
- →prefer the faster-growing work management platform with superior NPS and demonstrated enterprise sales execution
- →value the expanding multi-product platform (CRM, dev, service) driving sustained ARPC growth beyond core work management
- →want the market share winner in non-developer work management as Monday outpaces Asana and ClickUp
- →are comfortable with premium valuation reflecting Monday's stronger growth trajectory and wider product surface
| Metric | ASAN | MNDY |
|---|---|---|
| AI score | 23.0 | 23.1 |
| AI rank | #3804 | #3723 |
| Latest close | $6.92 | $71.53 |
| 1M return | +4.37% | -8.30% |
| 6M return | -52.34% | -50.56% |
| 1Y return | -47.93% | -75.11% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ASAN | MNDY |
|---|---|---|
| 1Y ago | $5.21K (-47.9%) started 2025-06-18 | $2.49K (-75.1%) started 2025-06-18 |
| 5Y ago | $1.2K (-88.0%) started 2021-06-18 | $3.08K (-69.2%) started 2021-06-18 |
| 10Y ago | $2.4K (-76.0%) started 2020-09-30 | $4K (-60.0%) started 2021-06-10 |
Hypothetical — past performance does not guarantee future results.
| Metric | ASAN | MNDY |
|---|---|---|
| Market cap | $1.6B | $3.69B |
| Trailing P/E | N/A | 31.24 |
| Forward P/E | 14.59 | 13.26 |
| Price/Sales | 1.97 | 2.83 |
| EV/Revenue | 1.88 | 1.99 |
| Analyst target | $9.13 | $108.13 |
| Target upside | +32.00% | +51.16% |
| Metric | ASAN | MNDY |
|---|---|---|
| Revenue growth | 9.50% | 24.50% |
| Earnings growth | N/A | 9.60% |
| EPS growth | N/A | +9.60% |
| FCF margin | +23.39% | +19.10% |
| Operating margin | N/A | N/A |
| Profit margin | -20.21% | 9.17% |
| ROIC proxy | -87.55% | 12.83% |
| Return on equity | -87.55% | 12.83% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 0.96 | 1.23 |
| Debt/equity | 181.22 | 23.41 |
| Current ratio | 1.15 | 1.72 |
| Quick ratio | 1.04 | 1.59 |
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ASAN | MNDY |
|---|---|---|---|
| 1Y | Growth | -47.93% | -75.11% |
| CAGR | -47.95% | -75.14% | |
| Sharpe ratio | -0.89 | -1.86 | |
| Max drawdown | 64.43% | 81.30% | |
| Max daily drop | 10.27% | 29.80% | |
| Max wkly drop | 18.73% | 31.19% | |
| 5Y | Growth | -88.03% | -69.24% |
| CAGR | -34.60% | -21.01% | |
| Sharpe ratio | -0.20 | -0.03 | |
| Max drawdown | 96.17% | 86.78% | |
| Max daily drop | 26.40% | 29.80% | |
| Max wkly drop | 39.53% | 45.56% | |
| 10Y | Growth | -75.97% | -60.01% |
| CAGR | -22.09% | -16.68% | |
| Sharpe ratio | -0.00 | 0.04 | |
| Max drawdown | 96.17% | 86.78% | |
| Max daily drop | 26.40% | 29.80% | |
| Max wkly drop | 39.53% | 45.56% |
| Category | ASAN | MNDY |
|---|---|---|
| Company | Asana, Inc. | Monday.com Ltd. |
| Sector | Technology | Technology |
| Industry | N/A | N/A |
| Core business | Asana provides work management software for enterprise teams, tracking projects, tasks, goals, and portfolio management across departments. Its Work Graph data model connects work at the task, project, portfolio, and goal levels to provide organizational visibility from individual contributors to executives. Asana AI (Studio for workflow automation) is built natively into the Asana platform. It competes most directly with Monday.com for non-developer business team project management. | Monday.com's work OS provides visual project management, workflow automation, CRM, and developer tools for business teams. Its expanding product surface (monday CRM, monday dev, monday service) creates a multi-product platform that increases ARPC as customers adopt additional modules. Monday.com has consistently outgrown Asana in recent quarters due to stronger product-led growth and enterprise sales execution. |
| Investor focus | Investors track revenue growth rate (decelerating from pandemic highs), enterprise customer count, dollar-based net retention rate, and Asana AI Studio adoption as the platform evolves from static task management toward dynamic workflow automation. | Investors track ARR growth, net dollar retention, enterprise customer expansion ($50K+ ACV), and CRM/dev product adoption as the platform expands beyond core work management. |
- →Work Graph data model connects task, project, portfolio, and organizational goal visibility that most work management tools cannot provide
- →Strong brand recognition among knowledge workers at large enterprises — Asana is often the first work management tool employees encounter
- →Asana AI Studio enables no-code AI workflow automation that differentiates from simpler task management tools
- →Consistently stronger revenue growth than Asana driven by superior product-led growth and enterprise sales execution
- →Expanding multi-product portfolio (CRM, dev, service) creates natural ARPC expansion within existing accounts
- →Visual, highly flexible interface has higher NPS than Asana in work management surveys, driving stronger user adoption and referrals
- →Revenue growth has decelerated significantly from pandemic peaks, falling to single-digit growth rates
- →Monday.com has more aggressive enterprise sales motion and higher NPS, gaining share in the same mid-market and enterprise segments
- →Microsoft Planner and Loop (bundled in M365) compete directly at no additional cost in enterprise environments
- →Asana, ClickUp, and Notion compete in the same market, creating ongoing price and feature pressure
- →Enterprise expansion requires sustained investment in sales and customer success that compresses near-term margins
- →CRM product competes with Salesforce and HubSpot in a more crowded market with established dominant vendors
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