Latest Ratios: P/E Ratio 21.6x · EV/EBITDA 11.1x · ROE 15.8%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $961M | $973M | $604M | $440M | $219M | $152M | $279M | $205M | $341M | $404M | $419M |
| Enterprise Value | $848M | $859M | $493M | $415M | $215M | $137M | $203M | $167M | $321M | $376M | $388M |
| P/E Ratio → | 21.64 | 21.41 | — | 12.77 | 32.07 | 255.73 | 25.71 | 418.52 | — | 75.08 | 41.13 |
| P/S Ratio | 1.15 | 1.16 | 0.80 | 0.54 | 0.29 | 0.25 | 0.58 | 0.34 | 0.60 | 0.66 | 0.71 |
| P/B Ratio | 3.27 | 3.23 | 2.22 | 1.84 | 1.09 | 0.79 | 1.44 | 1.16 | 1.81 | 2.05 | 2.11 |
| P/FCF | 28.03 | 28.36 | 7.72 | 9.51 | — | — | 4.78 | — | 27.74 | 33.05 | 13.57 |
| P/OCF | 19.53 | 19.77 | 6.18 | 6.95 | 14.57 | — | 4.21 | 18.95 | 11.53 | 13.32 | 10.59 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.02 | 0.65 | 0.51 | 0.29 | 0.22 | 0.42 | 0.27 | 0.56 | 0.62 | 0.66 |
| EV / EBITDA | 11.09 | 11.24 | 9.36 | 3.96 | 5.00 | 7.05 | 5.94 | 9.36 | 23.07 | 12.50 | 11.41 |
| EV / EBIT | 14.85 | 15.05 | — | 4.77 | 8.28 | 123.65 | 11.88 | — | — | 29.71 | 25.15 |
| EV / FCF | — | 25.05 | 6.31 | 8.97 | — | — | 3.48 | — | 26.18 | 30.71 | 12.56 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.3% | 27.3% | 25.8% | 27.2% | 20.1% | 19.1% | 25.0% | 22.8% | 22.9% | 23.9% | 23.9% |
| Operating Margin | 6.8% | 6.8% | 4.4% | 10.6% | 3.4% | 0.7% | 3.5% | 0.0% | -0.8% | 2.0% | 2.6% |
| Net Profit Margin | 5.4% | 5.4% | -1.3% | 4.2% | 0.9% | 0.1% | 2.3% | 0.1% | -0.2% | 0.9% | 1.8% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.8% | 15.8% | -4.0% | 15.7% | 3.5% | 0.3% | 5.9% | 0.3% | -0.5% | 2.8% | 5.2% |
| ROA | 8.6% | 8.6% | -2.0% | 7.0% | 1.5% | 0.1% | 2.9% | 0.1% | -0.3% | 1.6% | 2.9% |
| ROIC | 24.6% | 24.6% | 13.2% | 31.8% | 10.4% | 2.1% | 10.0% | 0.0% | -2.1% | 5.6% | 6.8% |
| ROCE | 16.5% | 16.5% | 9.9% | 29.4% | 10.7% | 1.8% | 7.5% | 0.0% | -2.2% | 5.5% | 6.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.06 | 0.24 | 0.10 | 0.01 | 0.01 | 0.01 | 0.09 | 0.01 | 0.01 |
| Debt / EBITDA | 0.24 | 0.24 | 0.32 | 0.54 | 0.47 | 0.12 | 0.06 | 0.14 | 1.17 | 0.04 | 0.04 |
| Net Debt / Equity | — | -0.38 | -0.41 | -0.10 | -0.02 | -0.08 | -0.39 | -0.21 | -0.10 | -0.14 | -0.16 |
| Net Debt / EBITDA | -1.48 | -1.48 | -2.10 | -0.24 | -0.09 | -0.76 | -2.21 | -2.13 | -1.37 | -0.95 | -0.92 |
| Debt / FCF | — | -3.31 | -1.42 | -0.53 | — | — | -1.30 | — | -1.55 | -2.34 | -1.01 |
| Interest Coverage | 23.52 | 23.52 | -1.30 | 17.61 | 23.04 | — | 57.99 | -1.58 | -29.90 | 58.28 | 67.05 |
Net cash position: cash ($132M) exceeds total debt ($18M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.31 | 2.31 | 2.22 | 2.09 | 1.63 | 1.49 | 1.81 | 1.73 | 1.89 | 2.01 | 1.97 |
| Quick Ratio | 2.31 | 2.31 | 1.60 | 1.37 | 0.92 | 0.86 | 1.30 | 1.13 | 1.30 | 1.44 | 1.46 |
| Cash Ratio | 0.68 | 0.68 | 0.74 | 0.42 | 0.12 | 0.10 | 0.53 | 0.29 | 0.46 | 0.49 | 0.50 |
| Asset Turnover | — | 1.51 | 1.50 | 1.55 | 1.61 | 1.39 | 1.28 | 1.63 | 1.63 | 1.70 | 1.65 |
| Inventory Turnover | — | — | 5.30 | 4.32 | 4.03 | 3.68 | 4.86 | 5.42 | 5.57 | 6.17 | 6.71 |
| Days Sales Outstanding | — | 84.69 | 67.35 | 77.51 | 76.62 | 87.33 | 77.84 | 67.20 | 65.72 | 69.05 | 73.51 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 4.4% | 3.7% | 3.1% | 3.3% |
| Payout Ratio | — | — | — | — | — | — | — | 1831.8% | — | 223.4% | 132.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.6% | 4.7% | — | 7.8% | 3.1% | 0.4% | 3.9% | 0.2% | — | 1.3% | 2.4% |
| FCF Yield | 3.6% | 3.5% | 13.0% | 10.5% | — | — | 20.9% | — | 3.6% | 3.0% | 7.4% |
| Buyback Yield | 2.7% | 2.6% | 4.9% | 0.1% | 0.1% | 2.1% | 0.0% | 2.8% | 0.1% | 0.1% | 0.4% |
| Total Shareholder Yield | 2.7% | 2.6% | 4.9% | 0.1% | 0.1% | 2.1% | 0.0% | 7.1% | 3.8% | 3.1% | 3.7% |
| Shares Outstanding | — | $49M | $48M | $47M | $46M | $45M | $45M | $45M | $45M | $45M | $44M |
Project-based revenue volatility
Based on current market data, Daktronics trades at a P/E of 21.23, which appears to reflect a hardware-centric valuation discount compared to broader technology peers, despite the company's integrated control software and specialized service moat that may warrant a higher multiple if recurring revenue streams successfully scale.
The current forward P/E of 20.07 suggests that investors are pricing in moderate growth, yet the PEG ratio of 0.69 indicates the stock may be undervalued relative to its earnings growth potential. This valuation gap likely persists because the market struggles to distinguish between commoditized LED hardware and the company's sticky, service-heavy ecosystem.
As reported in financial statements, Daktronics' ROIC has fluctuated significantly, peaking at 10.4% in 2026Q1 before compressing to 4.4% by 2026Q4, illustrating that the company's ability to compound capital is heavily tethered to the timing of large-scale project completions and the associated working capital intensity.
The volatility in ROIC suggests that management's capital allocation is highly sensitive to the project-based nature of the business, where large installations create temporary spikes in invested capital. Investors should monitor whether the company can sustain higher returns as it shifts toward a more predictable software-and-service revenue mix.
According to recent quarterly data, the company's cash conversion cycle remains erratic, reaching 110 days in 2026Q3, which highlights the inherent difficulty in managing inventory and receivables within a project-heavy model that requires significant upfront investment before final billing and collection can be realized.
The DSO trend, which reached 79 days in 2026Q4, suggests that the company's cash flow is frequently tied up in long-duration contracts, limiting operational agility. This inefficiency warrants further investigation into whether the company can tighten its billing cycles to improve free cash flow conversion during peak installation seasons.
The most commonly misapplied metric for Daktronics is the net profit margin, which, at 4.0% in 2026Q4, obscures the underlying value of the company's proprietary control software and the high switching costs inherent in its North American service-heavy installation network.
Focusing solely on net margins ignores the significant non-recurring costs and project-based accounting nuances that depress headline earnings. Analysts should instead prioritize operating cash flow and backlog growth, as these metrics better capture the true earning power and competitive durability of the company's integrated business model.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying DAKT stock.
Daktronics, Inc.'s current P/E ratio is 21.6x. The historical average is 32.6x. This places it at the 32th percentile of its historical range.
Daktronics, Inc.'s current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.1x.
Daktronics, Inc.'s return on equity (ROE) is 15.8%. The historical average is 10.0%.
Based on historical data, Daktronics, Inc. is trading at a P/E of 21.6x. This is at the 32th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Daktronics, Inc. has 27.3% gross margin and 6.8% operating margin.
Daktronics, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.