Latest Ratios: P/E Ratio 36.4x · EV/EBITDA 14.4x · ROE 5.2%. (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 | $789M | $782M | $351M | $346M | $328M | $399M | $362M | $442M | $511M | $424M | $260M |
| Enterprise Value | $631M | $624M | $240M | $257M | $245M | $321M | $283M | $380M | $456M | $388M | $242M |
| P/E Ratio → | 36.35 | 38.06 | 13.98 | 14.90 | — | — | 10.35 | 12.12 | 27.76 | 64.46 | — |
| P/S Ratio | 1.75 | 1.73 | 1.15 | 1.30 | 1.37 | 1.85 | 2.18 | 1.68 | 1.92 | 1.50 | 0.93 |
| P/B Ratio | 1.49 | 1.56 | 1.15 | 1.26 | 1.34 | 1.61 | 1.45 | 1.74 | 2.14 | 1.94 | 1.24 |
| P/FCF | 85.86 | 85.10 | 13.99 | 16.33 | — | 40.00 | 9.43 | 16.47 | 24.02 | 24.80 | 40.24 |
| P/OCF | 38.14 | 37.80 | 11.07 | 10.84 | 30.35 | 21.09 | 8.40 | 12.69 | 15.95 | 20.40 | 24.16 |
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 | — | 1.38 | 0.79 | 0.97 | 1.02 | 1.49 | 1.70 | 1.44 | 1.71 | 1.37 | 0.86 |
| EV / EBITDA | 14.37 | 14.21 | 5.81 | 6.20 | 11.39 | 24.37 | 5.88 | 10.40 | 13.24 | 16.18 | 17.44 |
| EV / EBIT | 31.17 | 26.61 | 8.07 | 9.05 | 34.40 | 699.34 | 7.83 | 16.06 | 25.90 | 52.50 | 320.25 |
| EV / FCF | — | 67.91 | 9.57 | 12.13 | — | 32.20 | 7.35 | 14.18 | 21.44 | 22.70 | 37.36 |
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 | 29.5% | 29.5% | 37.1% | 39.4% | 36.2% | 33.2% | 24.9% | 36.4% | 35.3% | 29.2% | 27.0% |
| Operating Margin | 4.5% | 4.5% | 9.1% | 10.6% | 4.1% | 1.0% | 22.7% | 9.7% | 8.0% | 3.8% | 0.3% |
| Net Profit Margin | 4.6% | 4.6% | 8.1% | 8.8% | -2.5% | -1.4% | 21.1% | 13.9% | 6.9% | 2.4% | -1.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.2% | 5.2% | 8.6% | 9.1% | -2.4% | -1.2% | 13.9% | 14.8% | 8.0% | 3.2% | -2.8% |
| ROA | 3.5% | 3.5% | 5.8% | 5.8% | -1.6% | -0.8% | 8.7% | 9.3% | 4.7% | 1.8% | -1.4% |
| ROIC | 5.7% | 5.7% | 11.0% | 12.1% | 4.5% | 1.0% | 15.6% | 10.2% | 8.7% | 4.4% | 0.3% |
| ROCE | 4.7% | 4.7% | 8.8% | 10.0% | 3.8% | 0.8% | 14.1% | 9.7% | 8.6% | 4.6% | 0.3% |
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 | 0.02 | 0.02 | 0.03 | 0.05 | 0.02 | 0.02 | 0.04 | 0.05 | 0.05 | 0.08 | 0.10 |
| Debt / EBITDA | 0.25 | 0.25 | 0.21 | 0.36 | 0.18 | 0.31 | 0.19 | 0.36 | 0.36 | 0.71 | 1.55 |
| Net Debt / Equity | — | -0.32 | -0.36 | -0.32 | -0.34 | -0.31 | -0.32 | -0.24 | -0.23 | -0.16 | -0.09 |
| Net Debt / EBITDA | -3.60 | -3.60 | -2.69 | -2.15 | -3.84 | -5.90 | -1.66 | -1.68 | -1.59 | -1.50 | -1.34 |
| Debt / FCF | — | -17.18 | -4.42 | -4.20 | — | -7.80 | -2.08 | -2.29 | -2.58 | -2.10 | -2.87 |
| Interest Coverage | 5.18 | 5.18 | 14.29 | 12.86 | 3.97 | 0.22 | 15.01 | 5.91 | 4.16 | 1.52 | 0.14 |
Net cash position: cash ($169M) 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 | 1.84 | 1.84 | 2.52 | 1.90 | 1.71 | 1.84 | 1.61 | 1.85 | 1.75 | 1.68 | 1.63 |
| Quick Ratio | 1.62 | 1.62 | 2.14 | 1.60 | 1.45 | 1.58 | 1.40 | 1.62 | 1.60 | 1.48 | 1.49 |
| Cash Ratio | 0.88 | 0.88 | 1.18 | 0.82 | 0.69 | 0.77 | 0.60 | 0.62 | 0.48 | 0.36 | 0.27 |
| Asset Turnover | — | 0.61 | 0.71 | 0.62 | 0.62 | 0.58 | 0.40 | 0.67 | 0.67 | 0.73 | 0.73 |
| Inventory Turnover | 7.01 | 7.01 | 4.94 | 4.18 | 4.63 | 5.05 | 3.99 | 6.16 | 8.16 | 6.94 | 9.50 |
| Days Sales Outstanding | — | 94.04 | 89.07 | 100.21 | 115.07 | 110.65 | 164.90 | 98.95 | 130.06 | 140.50 | 116.70 |
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 | — | — | — | — | — | 8.8% | 5.5% | 5.6% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 57.0% | 68.0% | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.6% | 7.2% | 6.7% | — | — | 9.7% | 8.2% | 3.6% | 1.6% | — |
| FCF Yield | 1.2% | 1.2% | 7.1% | 6.1% | — | 2.5% | 10.6% | 6.1% | 4.2% | 4.0% | 2.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 8.8% | 5.5% | 5.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $60M | $57M | $57M | $57M | $56M | $56M | $56M | $56M | $55M | $52M |
Project-based revenue volatility
According to current market data, GILT trades at a forward P/E of 19.91, which appears to discount the company as a legacy hardware provider rather than a high-growth software-defined satellite solutions firm, despite the recent 47.87% year-over-year revenue growth reported in recent financial disclosures.
The valuation gap between GILT and its peers suggests that investors remain skeptical of the company's ability to sustain its current growth trajectory without significant margin dilution. The P/S ratio of 1.67 indicates that the market is not yet pricing in a transition toward higher-margin recurring service revenue, leaving the stock sensitive to any quarterly misses in project milestone recognition.
Based on reported financial statements, GILT's ROIC has struggled to maintain momentum, hovering at a modest 1.1% in 2026Q1, which suggests that recent inorganic growth initiatives have yet to generate the incremental returns necessary to justify the capital deployed for strategic acquisitions.
The persistent gap between ROIC and the company's cost of capital warrants investigation into whether management's focus on expanding its defense footprint is creating long-term value or merely increasing the asset base. Investors should monitor whether the integration of recent acquisitions can eventually drive a meaningful expansion in return on invested capital.
As reported in recent quarterly filings, GILT's cash conversion cycle has expanded to 121 days in 2026Q1, a significant increase from the 86-day cycle observed in 2025Q4, indicating that the company is facing mounting pressure to collect receivables from its large-scale infrastructure projects.
The lengthening of the cash conversion cycle suggests that the company's operational efficiency is being hampered by the payment terms inherent in government and terrestrial infrastructure contracts. This trend may indicate that GILT is providing implicit financing to its customers, which could continue to strain cash flow if project timelines face further delays.
According to recent balance sheet data, GILT maintains a negligible debt-to-equity ratio of 0.02%, which positions the company as a fortress in the sector and provides a critical buffer against the geopolitical and operational risks inherent in its primary manufacturing hub in Israel.
The company's minimal reliance on external financing suggests that it is well-insulated from the current high-interest-rate environment, allowing management to prioritize long-term strategic investments over debt service. However, this conservative capital structure may also imply that the company is under-leveraging its balance sheet to drive potential growth.
Investors frequently misapply the P/E ratio to GILT, failing to account for the lumpy nature of project-based revenue recognition which can artificially depress or inflate earnings in any given quarter, thereby obscuring the underlying operational health of the company's core mobility and defense segments.
A more appropriate metric for this business model would be EV/EBITDA or a focus on free cash flow generation, as these metrics better capture the company's ability to convert its specialized engineering work into actual cash. Relying solely on P/E ratios risks misinterpreting the impact of non-recurring project milestones on the company's true earning power.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying GILT stock.
Gilat Satellite Networks Ltd.'s current P/E ratio is 36.4x. The historical average is 24.0x. This places it at the 75th percentile of its historical range.
Gilat Satellite Networks Ltd.'s current EV/EBITDA is 14.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
Gilat Satellite Networks Ltd.'s return on equity (ROE) is 5.2%. The historical average is 2.6%.
Based on historical data, Gilat Satellite Networks Ltd. is trading at a P/E of 36.4x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Gilat Satellite Networks Ltd. has 29.5% gross margin and 4.5% operating margin.
Gilat Satellite Networks Ltd.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.