Latest Ratios: P/E Ratio 81.6x · EV/EBITDA 60.7x · ROE 13.1%. (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 | $3.1B | $2.0B | $2.0B | $2.3B | $2.1B | $1.0B | $1.1B | $388M | $488M | $272M | $214M |
| Enterprise Value | $3.0B | $1.9B | $2.0B | $2.1B | $2.0B | $930M | $1.0B | $357M | $447M | $232M | $165M |
| P/E Ratio → | 81.62 | 52.31 | 88.46 | 26.58 | 168.39 | 221.56 | — | — | — | — | — |
| P/S Ratio | 9.79 | 6.33 | 7.44 | 9.52 | 10.80 | 6.25 | 8.20 | 2.41 | 3.46 | 2.13 | 1.67 |
| P/B Ratio | 9.65 | 6.19 | 7.71 | 9.56 | 14.78 | 7.65 | 9.75 | 5.41 | 4.85 | 2.51 | 1.88 |
| P/FCF | 45.88 | 29.66 | 39.16 | 56.46 | 78.58 | 37.26 | 41.64 | 54.23 | 281.25 | — | — |
| P/OCF | 44.67 | 28.88 | 37.18 | 46.94 | 62.08 | 35.69 | 39.60 | 36.69 | 67.35 | 39.54 | 62.25 |
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 | — | 6.02 | 7.34 | 9.01 | 10.32 | 5.72 | 7.58 | 2.22 | 3.17 | 1.82 | 1.29 |
| EV / EBITDA | 60.70 | 38.55 | 66.16 | 101.87 | 123.49 | 91.33 | — | — | 97.34 | 94.86 | 406.65 |
| EV / EBIT | 75.44 | 39.34 | 74.50 | 103.50 | 129.62 | 142.57 | — | — | — | — | — |
| EV / FCF | — | 28.23 | 38.66 | 53.44 | 75.05 | 34.09 | 38.47 | 49.86 | 257.77 | — | — |
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 | 61.9% | 61.9% | 62.4% | 60.7% | 61.0% | 62.4% | 65.2% | 50.4% | 52.5% | 50.6% | 50.0% |
| Operating Margin | 12.6% | 12.6% | 8.2% | 6.6% | 6.5% | 3.9% | -15.3% | -21.2% | -9.3% | -9.5% | -8.9% |
| Net Profit Margin | 12.1% | 12.1% | 8.4% | 36.3% | 7.4% | 4.0% | -15.3% | -21.2% | -9.3% | -6.6% | -9.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.1% | 13.1% | 9.2% | 45.2% | 10.5% | 5.2% | -22.4% | -39.5% | -12.6% | -7.5% | -9.9% |
| ROA | 8.5% | 8.5% | 5.9% | 29.0% | 6.4% | 3.2% | -12.2% | -21.4% | -8.2% | -5.1% | -6.7% |
| ROIC | 12.8% | 12.8% | 9.5% | 14.4% | 20.3% | 12.4% | -44.7% | -50.9% | -15.3% | -13.6% | -13.4% |
| ROCE | 11.8% | 11.8% | 7.7% | 7.4% | 8.4% | 4.7% | -19.6% | -35.8% | -12.0% | -10.3% | -9.1% |
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 | 0.06 | 0.06 | 0.18 | 0.10 | 0.12 | 0.08 | 0.12 | 0.21 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.38 | 0.38 | 1.54 | 1.14 | 1.01 | 1.05 | — | — | 0.01 | 0.07 | 0.59 |
| Net Debt / Equity | — | -0.30 | -0.10 | -0.51 | -0.66 | -0.65 | -0.74 | -0.44 | -0.40 | -0.37 | -0.43 |
| Net Debt / EBITDA | -1.96 | -1.96 | -0.85 | -5.76 | -5.81 | -8.47 | — | — | -8.87 | -16.26 | -121.03 |
| Debt / FCF | — | -1.44 | -0.50 | -3.02 | -3.53 | -3.16 | -3.17 | -4.37 | -23.48 | — | — |
| Interest Coverage | 99.19 | 99.19 | 17.77 | — | — | 543.58 | -1059.45 | -3761.89 | -1293.30 | -1159.10 | -764.67 |
Net cash position: cash ($117M) exceeds total debt ($19M)
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 | 1.47 | 1.47 | 1.11 | 2.11 | 1.97 | 1.91 | 2.18 | 1.35 | 1.36 | 1.43 | 1.59 |
| Quick Ratio | 1.41 | 1.41 | 1.07 | 2.06 | 1.85 | 1.81 | 2.17 | 1.29 | 1.32 | 1.39 | 1.54 |
| Cash Ratio | 0.93 | 0.93 | 0.66 | 1.62 | 1.44 | 1.36 | 1.63 | 0.67 | 0.70 | 0.90 | 1.06 |
| Asset Turnover | — | 0.66 | 0.63 | 0.68 | 0.81 | 0.76 | 0.72 | 1.04 | 0.86 | 0.81 | 0.76 |
| Inventory Turnover | 16.18 | 16.18 | 20.03 | 20.32 | 7.90 | 8.80 | 40.61 | 20.53 | 32.76 | 31.49 | 28.90 |
| Days Sales Outstanding | — | 57.76 | 47.74 | 48.77 | 45.37 | 60.25 | 74.76 | 86.27 | 77.54 | 46.97 | 44.59 |
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 | — | — | — | 0.1% | 0.1% | 0.2% | 0.1% | — | — | — | — |
| 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 | 1.2% | 1.9% | 1.1% | 3.8% | 0.6% | 0.5% | — | — | — | — | — |
| FCF Yield | 2.2% | 3.4% | 2.6% | 1.8% | 1.3% | 2.7% | 2.4% | 1.8% | 0.4% | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.1% | 0.3% | 0.4% | 0.3% | 0.7% | 0.3% | 0.1% | 0.4% | 0.2% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.1% | 0.4% | 0.5% | 0.5% | 0.8% | 0.3% | 0.1% | 0.4% | 0.2% |
| Shares Outstanding | — | $28M | $28M | $27M | $26M | $25M | $23M | $23M | $23M | $23M | $23M |
Integration and execution risk
According to recent market data, Agilysys trades at a forward EV/EBITDA of 29.31, a multiple that suggests investors are pricing in significant long-term margin expansion as the company successfully shifts its revenue mix toward higher-margin, recurring subscription-based software products within the competitive hospitality technology landscape.
The current P/E of 75.43 appears to reflect high growth expectations that may be difficult to sustain as the company matures. Investors should monitor whether the transition to SaaS can justify these elevated multiples, as any deceleration in subscription growth could lead to a significant valuation compression.
Based on reported financial figures, the company's ROIC has fluctuated between 1.4% and 4.0% over the last ten quarters, indicating that recent inorganic growth initiatives have yet to yield the compounding returns on invested capital typically expected from a high-margin vertical software provider.
The volatility in ROIC suggests that the integration of acquired assets is currently diluting the efficiency of the core business. Management must demonstrate that these acquisitions can eventually drive higher returns through cross-selling and operational synergies rather than just expanding the asset base.
As reported in quarterly filings, the cash conversion cycle has shown significant variance, ranging from 21 to 53 days, which highlights the company's sensitivity to the timing of professional services project milestones and the inherent lumpiness of hardware-related revenue within its hospitality-focused business model.
The fluctuation in DSO and DPO suggests that working capital management is heavily influenced by the specific timing of large-scale property implementations. Investors should watch for a more consistent trend in the cash conversion cycle as the business model shifts further toward standardized cloud subscriptions.
Based on the most recent quarterly data, Agilysys maintains a current ratio of 1.47, which, when combined with a minimal debt-to-equity ratio of 0.06, suggests a robust liquidity position that provides the company with significant operational insulation during periods of sector-wide capital expenditure volatility.
The company's ability to maintain such low leverage while pursuing aggressive M&A is a notable strength that differentiates it from more debt-burdened peers. This liquidity buffer appears sufficient to support ongoing R&D and potential future acquisitions without the need for dilutive external financing.
As evidenced by the company's ongoing transition to a subscription-heavy model, the P/E ratio is frequently misapplied by investors who fail to account for the temporary earnings compression caused by the shift from large upfront license fees to smaller, recurring monthly subscription revenue streams.
Using P/E as the primary valuation metric obscures the underlying improvement in the quality and predictability of cash flows. Analysts should instead focus on EV/Revenue or EV/Subscription-Gross-Profit to better capture the true economic value of the company's evolving SaaS-based business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying AGYS stock.
Agilysys, Inc.'s current P/E ratio is 81.6x. The historical average is 46.0x. This places it at the 79th percentile of its historical range.
Agilysys, Inc.'s current EV/EBITDA is 60.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.3x.
Agilysys, Inc.'s return on equity (ROE) is 13.1%. The historical average is -1.0%.
Based on historical data, Agilysys, Inc. is trading at a P/E of 81.6x. This is at the 79th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Agilysys, Inc. has 61.9% gross margin and 12.6% operating margin. Operating margin between 10-20% is typical for established companies.
Agilysys, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.