This work seeks to determine the value of Netflix in order to verify if it is over or undervalued by the market. Two valuation models were used: a subscription-based approach and a relative valuation based on multiples. In addition, the external and internal factors of the organization were also analyzed such as its business model, the streaming industry and main players, with the intention of projecting future results. The results indicate that even though the company manages to grow at double-digit rates, adds a relatively high value with new users and has corporate costs under control, Netflix finds itself overvalued in the market. Therefore, its stock doesn t have a buy recommendation.