Latest Ratios: P/E Ratio 25.9x · EV/EBITDA 14.9x · ROE 15.4%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.7B | $5.0B | $5.5B | $3.3B | $2.6B | $4.1B | $4.5B | $4.5B | $3.3B | $2.7B | $2.2B |
| Enterprise Value | $6.4B | $5.7B | $6.3B | $4.2B | $3.6B | $5.1B | $5.6B | $5.8B | $3.8B | $3.3B | $2.8B |
| P/E Ratio → | 25.89 | 22.13 | 27.18 | 27.32 | 18.55 | 32.13 | 61.98 | 66.46 | 46.90 | 566.75 | 16.65 |
| P/S Ratio | 3.23 | 2.85 | 3.47 | 2.29 | 1.85 | 3.00 | 3.51 | 3.57 | 3.22 | 2.64 | 2.14 |
| P/B Ratio | 3.86 | 3.30 | 3.88 | 2.52 | 2.20 | 3.31 | 3.76 | 3.98 | 3.11 | 3.54 | 2.86 |
| P/FCF | 18.35 | 16.17 | 16.10 | 25.48 | 25.39 | 23.51 | 15.67 | 53.10 | 23.24 | 29.50 | 58.70 |
| P/OCF | 17.61 | 15.52 | 15.41 | 19.77 | 18.33 | 18.67 | 13.49 | 33.88 | 17.70 | 18.52 | 21.61 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.23 | 3.93 | 2.92 | 2.56 | 3.73 | 4.31 | 4.61 | 3.74 | 3.25 | 2.81 |
| EV / EBITDA | 14.90 | 13.32 | 14.62 | 11.97 | 10.63 | 14.46 | 18.09 | 22.14 | 16.92 | 17.79 | 8.70 |
| EV / EBIT | 19.28 | 15.60 | 19.41 | 18.77 | 14.00 | 23.24 | 35.95 | 42.61 | 28.34 | 40.25 | 12.51 |
| EV / FCF | — | 18.35 | 18.26 | 32.46 | 35.15 | 29.21 | 19.27 | 68.63 | 26.98 | 36.21 | 76.88 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0% | 49.0% | 50.3% | 50.5% | 51.0% | 53.4% | 51.9% | 50.9% | 57.4% | 55.8% | 55.8% |
| Operating Margin | 18.7% | 18.7% | 19.3% | 15.2% | 14.3% | 15.3% | 11.2% | 9.8% | 12.5% | 8.3% | 22.0% |
| Net Profit Margin | 12.9% | 12.9% | 12.7% | 8.4% | 10.0% | 9.3% | 5.6% | 5.3% | 6.8% | 0.5% | 12.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.4% | 15.4% | 14.8% | 9.7% | 11.7% | 10.4% | 6.2% | 6.2% | 7.6% | 0.7% | 18.4% |
| ROA | 7.4% | 7.4% | 6.3% | 3.7% | 4.5% | 3.9% | 2.2% | 2.5% | 3.5% | 0.3% | 6.7% |
| ROIC | 11.4% | 11.4% | 10.5% | 7.4% | 6.9% | 7.0% | 4.6% | 4.6% | 6.4% | 4.5% | 11.4% |
| ROCE | 13.7% | 13.7% | 12.8% | 9.3% | 8.6% | 8.6% | 5.6% | 5.5% | 7.5% | 5.5% | 14.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.57 | 0.67 | 0.81 | 0.95 | 0.90 | 1.00 | 1.27 | 0.64 | 0.90 | 0.99 |
| Debt / EBITDA | 2.04 | 2.04 | 2.23 | 3.04 | 3.32 | 3.17 | 3.92 | 5.47 | 3.01 | 3.67 | 2.29 |
| Net Debt / Equity | — | 0.44 | 0.52 | 0.69 | 0.85 | 0.80 | 0.86 | 1.16 | 0.50 | 0.81 | 0.89 |
| Net Debt / EBITDA | 1.58 | 1.58 | 1.73 | 2.57 | 2.95 | 2.82 | 3.38 | 5.01 | 2.34 | 3.30 | 2.06 |
| Debt / FCF | — | 2.18 | 2.16 | 6.98 | 9.76 | 5.70 | 3.60 | 15.53 | 3.74 | 6.71 | 18.18 |
| Interest Coverage | 6.30 | 6.30 | 4.46 | 2.88 | 4.88 | 4.89 | 2.74 | 2.13 | 3.21 | 2.12 | 5.62 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.54 | 1.54 | 1.64 | 1.36 | 1.30 | 1.24 | 1.28 | 1.50 | 1.91 | 1.31 | 1.08 |
| Quick Ratio | 1.54 | 1.54 | 1.64 | 1.36 | 1.30 | 1.24 | 1.28 | 1.50 | 1.83 | 1.24 | 1.02 |
| Cash Ratio | 0.28 | 0.28 | 0.36 | 0.16 | 0.15 | 0.16 | 0.18 | 0.20 | 0.50 | 0.22 | 0.20 |
| Asset Turnover | — | 0.57 | 0.53 | 0.42 | 0.44 | 0.43 | 0.38 | 0.39 | 0.48 | 0.55 | 0.53 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 18.49 | 19.48 | 17.19 |
| Days Sales Outstanding | — | 174.89 | 94.87 | 113.66 | 103.65 | 85.33 | 96.69 | 104.19 | 125.86 | 107.21 | 104.20 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.5% | 3.7% | 3.7% | 5.4% | 3.1% | 1.6% | 1.5% | 2.1% | 0.2% | 6.0% |
| FCF Yield | 5.5% | 6.2% | 6.2% | 3.9% | 3.9% | 4.3% | 6.4% | 1.9% | 4.3% | 3.4% | 1.7% |
| Buyback Yield | 3.6% | 4.0% | 2.3% | 0.8% | 7.9% | 2.6% | 0.6% | 0.8% | 1.7% | 1.4% | 2.8% |
| Total Shareholder Yield | 3.6% | 4.0% | 2.3% | 0.8% | 7.9% | 2.6% | 0.6% | 0.8% | 1.7% | 1.4% | 2.8% |
| Shares Outstanding | — | $105M | $106M | $109M | $114M | $119M | $118M | $119M | $118M | $119M | $119M |
Revenue recognition volatility
According to current market data, ACIW trades at a forward P/E of 19.72, which appears to discount the company's legacy infrastructure heritage compared to higher-growth fintech peers, suggesting investors remain skeptical of the firm's ability to successfully execute a full-scale migration to modern cloud-native payment architectures.
The PEG ratio of 0.80 implies that the market may be underestimating the potential for earnings growth if the company successfully captures the real-time payments upgrade cycle. However, the valuation gap relative to peers like Jack Henry suggests that the market requires further evidence of margin expansion before assigning a premium multiple to the stock.
Based on reported figures, ACIW's ROIC has struggled to maintain momentum, fluctuating between 0.3% and 5.9% over the last ten quarters, which indicates that the company's historical reliance on large-scale acquisitions has likely diluted the overall efficiency of capital deployed within its core payment processing business.
The persistent gap between ROIC and the company's cost of capital warrants investigation, as it suggests that recent investments may not be generating sufficient incremental returns. Investors should monitor whether the shift toward cloud-based revenue models can eventually drive a sustained improvement in these return metrics.
As reported in financial statements, ACIW's DSO has shown significant volatility, ranging from 79 to 186 days, which suggests that the company faces ongoing challenges in managing its customer payment cycles and may be experiencing structural friction in its billing and collection processes for large-scale software contracts.
The lack of a stable cash conversion cycle indicates that working capital management is heavily influenced by the timing of lumpy, project-based revenue recognition. This variability complicates the assessment of operational efficiency and suggests that the company's cash flow profile remains sensitive to the specific payment terms negotiated with Tier 1 banking clients.
According to recent SEC filings, ACIW has successfully reduced its debt-to-equity ratio from 0.81 in 2023Q4 to 0.57 in 2026Q1, signaling a deliberate and positive shift toward strengthening the balance sheet despite the inherent volatility of its underlying operational performance and revenue recognition cycles.
The improvement in interest coverage, which reached 5.16x in 2026Q1, suggests that the company is becoming more resilient to interest rate fluctuations. However, the high concentration of goodwill on the balance sheet remains a risk factor that could necessitate future impairments if the acquired business units fail to meet growth expectations.
The P/E ratio is frequently misapplied to ACIW because it fails to account for the lumpy nature of software license renewals and the significant impact of capitalized R&D, which can artificially inflate reported earnings and obscure the true cash-generating capacity of the firm's payment infrastructure.
Analysts should prioritize FCF-based valuation metrics over P/E, as the latter is highly susceptible to the timing of ASC 606 revenue recognition. Focusing on FCF margins provides a clearer view of the company's ability to fund its own operations and capital allocation priorities without relying on accounting-driven earnings growth.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying ACIW stock.
ACI Worldwide, Inc.'s current P/E ratio is 25.9x. The historical average is 35.1x. This places it at the 35th percentile of its historical range.
ACI Worldwide, Inc.'s current EV/EBITDA is 14.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.5x.
ACI Worldwide, Inc.'s return on equity (ROE) is 15.4%. The historical average is 11.9%.
Based on historical data, ACI Worldwide, Inc. is trading at a P/E of 25.9x. This is at the 35th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ACI Worldwide, Inc. has 49.0% gross margin and 18.7% operating margin. Operating margin between 10-20% is typical for established companies.
ACI Worldwide, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.