Latest Ratios: P/E Ratio 105.1x · EV/EBITDA 44.8x · ROE 4.5%. (2004–2025 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 | $352M | $454M | $232M | $63M | $127M | $428M | $368M | $291M | $205M | $177M | $159M |
| Enterprise Value | $343M | $444M | $262M | $90M | $160M | $425M | $349M | $281M | $188M | $162M | $136M |
| P/E Ratio → | 105.11 | 122.57 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.45 | 4.45 | 2.51 | 0.67 | 1.04 | 2.94 | 2.71 | 2.64 | 2.14 | 2.16 | 1.76 |
| P/B Ratio | 3.43 | 4.01 | 4.65 | 1.26 | 1.25 | 3.40 | 2.83 | 2.21 | 1.51 | 1.24 | 1.01 |
| P/FCF | 22.72 | 29.29 | 85.50 | — | — | — | — | 23.51 | — | — | — |
| P/OCF | 19.80 | 25.52 | 47.99 | — | — | — | — | 18.09 | 198.66 | — | — |
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 | — | 4.36 | 2.84 | 0.97 | 1.30 | 2.92 | 2.57 | 2.55 | 1.96 | 1.97 | 1.50 |
| EV / EBITDA | 44.78 | 58.08 | 1246.77 | — | — | — | — | — | — | — | — |
| EV / EBIT | 95.07 | 88.69 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 28.68 | 96.65 | — | — | — | — | 22.70 | — | — | — |
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 | 71.1% | 71.1% | 69.1% | 56.6% | 67.5% | 69.4% | 70.5% | 69.3% | 69.4% | 65.2% | 69.1% |
| Operating Margin | 3.5% | 3.5% | -6.5% | -69.7% | -26.3% | -9.3% | -6.6% | -8.2% | -10.6% | -21.2% | -7.6% |
| Net Profit Margin | 3.6% | 3.6% | -6.4% | -67.4% | -26.1% | -10.3% | -6.9% | -7.9% | -10.9% | -22.0% | -8.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.5% | 4.5% | -11.8% | -82.8% | -28.1% | -11.7% | -7.1% | -6.5% | -7.5% | -12.0% | -5.0% |
| ROA | 2.4% | 2.4% | -4.2% | -35.8% | -15.4% | -7.4% | -4.5% | -4.3% | -5.6% | -9.6% | -4.0% |
| ROIC | 2.9% | 2.9% | -5.7% | -46.0% | -18.8% | -8.7% | -5.8% | -5.6% | -6.2% | -10.0% | -3.6% |
| ROCE | 3.1% | 3.1% | -5.9% | -51.7% | -21.5% | -9.3% | -6.3% | -6.2% | -6.8% | -10.9% | -4.0% |
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 | 0.10 | 0.10 | 0.93 | 0.84 | 0.44 | 0.07 | 0.04 | 0.05 | — | — | — |
| Debt / EBITDA | 1.45 | 1.45 | 220.68 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.08 | 0.61 | 0.56 | 0.32 | -0.03 | -0.15 | -0.08 | -0.12 | -0.11 | -0.15 |
| Net Debt / EBITDA | -1.25 | -1.25 | 143.81 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.62 | 11.15 | — | — | — | — | -0.80 | — | — | — |
| Interest Coverage | — | — | — | -856.22 | -792.03 | -172.54 | -55.03 | -26.31 | -9.07 | -16.23 | -4.74 |
Net cash position: cash ($21M) exceeds total debt ($11M)
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 | 2.65 | 2.65 | 2.51 | 2.28 | 2.51 | 2.47 | 2.49 | 2.09 | 3.39 | 4.55 | 5.96 |
| Quick Ratio | 2.37 | 2.37 | 2.27 | 1.98 | 2.29 | 2.26 | 2.28 | 1.94 | 3.12 | 4.30 | 5.67 |
| Cash Ratio | 1.79 | 1.79 | 1.61 | 1.35 | 1.41 | 1.52 | 1.66 | 1.14 | 2.42 | 3.48 | 4.56 |
| Asset Turnover | — | 0.59 | 0.66 | 0.67 | 0.58 | 0.72 | 0.67 | 0.51 | 0.50 | 0.44 | 0.47 |
| Inventory Turnover | 2.23 | 2.23 | 3.31 | 3.41 | 3.00 | 4.02 | 3.18 | 3.17 | 2.59 | 3.61 | 3.86 |
| Days Sales Outstanding | — | 62.45 | 70.30 | 64.97 | 140.98 | 84.67 | 63.16 | 103.48 | 105.86 | 106.41 | 104.81 |
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 | 1.0% | 0.8% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 4.4% | 3.4% | 1.2% | — | — | — | — | 4.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.4% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.4% |
| Shares Outstanding | — | $46M | $39M | $38M | $37M | $36M | $35M | $34M | $34M | $33M | $33M |
Telco infrastructure spending volatility
Based on current market data, Allot trades at a forward P/E of 26.63, which suggests that investors are pricing in a significant earnings recovery as the company transitions its revenue mix toward higher-margin security services rather than relying on legacy hardware sales.
The elevated P/E multiple relative to historical averages indicates that the market is willing to pay a premium for the potential operating leverage inherent in the SECaaS model. However, this valuation appears fragile, as it assumes a successful and rapid scaling of recurring revenue that has yet to be fully proven in the company's bottom-line results.
According to recent financial statements, Allot's ROIC has recovered to 1.1% in 2026Q1 from the deep negative territory observed in 2024, signaling that the company is finally beginning to generate positive returns on its invested capital as the business model stabilizes.
The shift from negative ROIC to positive territory is a critical indicator that the company's pivot toward software-centric delivery is reducing the capital intensity of its operations. Investors should monitor whether this trend can sustain momentum, as the current return levels remain well below the cost of capital for a technology firm.
As reported in quarterly filings, Allot's cash conversion cycle remains elevated at 220 days in 2026Q1, primarily driven by high inventory days, which suggests that the company still carries significant legacy hardware exposure despite its strategic pivot toward recurring software-based security services.
The persistent length of the cash conversion cycle highlights the friction involved in transitioning away from a hardware-heavy business model. While the company is moving toward recurring revenue, the continued reliance on physical appliances appears to be trapping capital in inventory, which may limit the speed of cash flow generation.
Based on the provided balance sheet data, Allot has successfully reduced its debt-to-equity ratio to 0.05 in 2026Q1, a dramatic improvement from the 0.98 level seen in 2024Q3, which significantly lowers the company's financial risk profile during this period of operational transition.
The near-total elimination of debt provides the company with a necessary buffer to navigate the lumpy revenue cycles typical of the telecommunications sector. This conservative capital structure appears to be a deliberate strategy to ensure survival while the company invests heavily in its long-term SECaaS growth initiatives.
The P/E ratio is frequently misapplied to Allot's business model because it fails to account for the lumpy nature of legacy hardware revenue and the significant R&D investments currently suppressing GAAP earnings during the company's transition to a recurring revenue-share model.
Investors should instead focus on the trajectory of recurring revenue and free cash flow margins, as these metrics better capture the underlying value of the SECaaS transition. Relying on P/E multiples in this context likely obscures the true earnings power that could emerge once the company achieves critical mass in its recurring subscriber base.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying ALLT stock.
Allot Ltd.'s current P/E ratio is 105.1x. The historical average is 84.3x. This places it at the 50th percentile of its historical range.
Allot Ltd.'s current EV/EBITDA is 44.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.5x.
Allot Ltd.'s return on equity (ROE) is 4.5%. The historical average is -14.1%.
Based on historical data, Allot Ltd. is trading at a P/E of 105.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Allot Ltd. has 71.1% gross margin and 3.5% operating margin.
Allot Ltd.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.