Latest Ratios: P/E Ratio 19.7x · EV/EBITDA 9.5x · ROE 6.3%. (2002–2025 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 | $1.2B | $1.6B | $1.9B | $2.5B | $3.4B | $4.8B | $3.9B | $3.2B | $2.6B | $2.3B | $2.3B |
| Enterprise Value | $1.5B | $1.8B | $2.1B | $2.7B | $3.5B | $5.0B | $4.5B | $3.6B | $3.1B | $2.8B | $2.7B |
| P/E Ratio → | 19.72 | 24.40 | 106.04 | 165.09 | 233.32 | — | 134.88 | 48.37 | — | — | 130.75 |
| P/S Ratio | 1.37 | 1.75 | 2.10 | 2.75 | 3.85 | 3.78 | 3.00 | 2.61 | 2.33 | 2.20 | 2.04 |
| P/B Ratio | 0.97 | 1.20 | 1.50 | 1.92 | 2.42 | 3.23 | 3.14 | 2.54 | 2.33 | 2.30 | 2.16 |
| P/FCF | 8.75 | 11.21 | 15.29 | 23.79 | 33.31 | 22.54 | 21.04 | 18.18 | 19.20 | 16.40 | 18.19 |
| P/OCF | 7.89 | 10.12 | 12.68 | 17.74 | 26.81 | 18.96 | 16.42 | 14.89 | 14.99 | 13.56 | 14.68 |
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 | — | 2.01 | 2.33 | 2.95 | 3.97 | 3.94 | 3.44 | 2.94 | 2.71 | 2.62 | 2.38 |
| EV / EBITDA | 9.46 | 11.71 | 14.74 | 21.21 | 28.39 | 35.44 | 25.57 | 18.17 | 20.47 | 21.12 | 15.44 |
| EV / EBIT | 13.87 | 16.83 | 29.58 | 42.44 | 69.67 | — | 6003.65 | 31.46 | 56.37 | 241.94 | 47.13 |
| EV / FCF | — | 12.85 | 16.96 | 25.50 | 34.35 | 23.50 | 24.16 | 20.55 | 22.36 | 19.50 | 21.24 |
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 | 71.3% | 71.3% | 69.6% | 67.3% | 65.9% | 67.4% | 64.4% | 63.5% | 60.6% | 60.2% | 62.1% |
| Operating Margin | 11.7% | 11.7% | 7.9% | 6.4% | 5.4% | 4.4% | 6.7% | 9.3% | 4.3% | 1.6% | 6.0% |
| Net Profit Margin | 9.0% | 9.0% | 4.2% | 1.7% | 1.6% | -0.0% | 2.2% | 5.4% | -0.6% | -2.8% | 1.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.3% | 6.3% | 3.0% | 1.1% | 1.0% | -0.0% | 2.3% | 5.5% | -0.6% | -2.8% | 1.7% |
| ROA | 3.6% | 3.6% | 1.7% | 0.6% | 0.5% | -0.0% | 1.0% | 2.4% | -0.3% | -1.2% | 0.7% |
| ROIC | 5.3% | 5.3% | 3.7% | 2.9% | 2.2% | 2.4% | 3.8% | 5.3% | 2.4% | 0.9% | 3.5% |
| ROCE | 5.9% | 5.9% | 4.0% | 3.1% | 2.4% | 2.5% | 3.9% | 5.3% | 2.4% | 0.9% | 3.6% |
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 | 0.34 | 0.34 | 0.35 | 0.36 | 0.33 | 0.58 | 0.77 | 0.62 | 0.68 | 0.74 | 0.69 |
| Debt / EBITDA | 2.88 | 2.88 | 3.13 | 3.67 | 3.79 | 6.14 | 5.46 | 3.95 | 5.14 | 5.69 | 4.24 |
| Net Debt / Equity | — | 0.18 | 0.16 | 0.14 | 0.08 | 0.14 | 0.47 | 0.33 | 0.38 | 0.43 | 0.36 |
| Net Debt / EBITDA | 1.49 | 1.49 | 1.45 | 1.42 | 0.86 | 1.45 | 3.30 | 2.09 | 2.89 | 3.35 | 2.22 |
| Debt / FCF | — | 1.64 | 1.67 | 1.71 | 1.04 | 0.96 | 3.11 | 2.37 | 3.16 | 3.10 | 3.05 |
| Interest Coverage | 10.50 | 10.50 | 6.99 | 7.28 | 4.54 | 1.41 | 2.18 | 3.06 | 1.35 | 0.50 | 2.00 |
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 | 1.12 | 1.12 | 1.37 | 1.32 | 1.37 | 1.10 | 1.42 | 1.52 | 1.55 | 1.45 | 1.70 |
| Quick Ratio | 1.09 | 1.09 | 1.34 | 1.29 | 1.36 | 1.08 | 1.39 | 1.48 | 1.51 | 1.42 | 1.66 |
| Cash Ratio | 0.42 | 0.42 | 0.58 | 0.60 | 0.75 | 0.61 | 0.57 | 0.61 | 0.68 | 0.67 | 0.92 |
| Asset Turnover | — | 0.40 | 0.41 | 0.39 | 0.37 | 0.39 | 0.43 | 0.43 | 0.44 | 0.45 | 0.48 |
| Inventory Turnover | 18.25 | 18.25 | 19.50 | 23.37 | 55.94 | 20.69 | 22.63 | 18.00 | 22.48 | 24.10 | 23.42 |
| Days Sales Outstanding | — | 118.32 | 103.19 | 105.73 | 98.72 | 69.60 | 125.26 | 130.31 | 95.27 | 91.62 | 82.81 |
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 | 1.6% | 1.3% | 1.1% | 0.8% | 0.4% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Payout Ratio | 24.4% | 24.4% | — | — | — | — | 19.1% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.1% | 4.1% | 0.9% | 0.6% | 0.4% | — | 0.7% | 2.1% | — | — | 0.8% |
| FCF Yield | 11.4% | 8.9% | 6.5% | 4.2% | 3.0% | 4.4% | 4.8% | 5.5% | 5.2% | 6.1% | 5.5% |
| Buyback Yield | 5.8% | 4.5% | 6.5% | 5.2% | 2.3% | 0.8% | 2.9% | 0.0% | 0.0% | 2.0% | 0.0% |
| Total Shareholder Yield | 7.4% | 5.8% | 7.6% | 6.0% | 2.6% | 0.8% | 3.1% | 0.1% | 0.1% | 2.1% | 0.1% |
| Shares Outstanding | — | $63M | $64M | $65M | $66M | $65M | $67M | $66M | $63M | $63M | $63M |
Liquidity and Transition Execution
According to current market data, Verint trades at a forward P/E of 7.00, which appears to be a significant discount compared to industry peers, suggesting that investors are pricing in substantial skepticism regarding the company's ability to successfully navigate its ongoing transition toward a cloud-native revenue model.
The low forward P/E multiple relative to the TTM P/E of 19.72 implies that the market expects a sharp recovery in earnings, yet this optimism may be misplaced given the stagnant revenue growth. Investors should monitor whether this valuation gap represents a value opportunity or a structural trap where the company's legacy business continues to erode faster than cloud gains can compensate.
Based on reported financial figures, Verint's ROIC has struggled to maintain positive momentum, hovering near 0.2% in 2026Q2, which indicates that the company is currently failing to generate meaningful returns on its invested capital compared to its historical performance and broader software sector benchmarks.
The persistent inability to drive ROIC above the cost of capital suggests that the firm's heavy investment in R&D and cloud infrastructure is not yet yielding the expected operational leverage. This trend warrants further investigation into whether the company's capital allocation strategy is effectively prioritizing high-growth AI initiatives or merely sustaining legacy operations.
As reported in recent quarterly filings, Verint's cash conversion cycle has expanded to 378 days in 2026Q2, a significant increase from the 239 days observed in 2024Q2, which suggests that the company is facing increasing difficulty in managing its receivables and inventory turnover during this business transition.
The lengthening DSO, which reached 425 days in the most recent quarter, appears to indicate a deterioration in customer payment terms or collection efficiency. This trend may imply that the company is offering more flexible, perhaps less favorable, credit terms to retain enterprise clients during the shift to a subscription-based model.
According to the latest balance sheet data, Verint's current ratio has declined to 0.65, a sharp drop from the 1.37 level seen in 2024Q4, which indicates that the company's short-term liquidity position has become increasingly vulnerable under the current operational and financial pressures.
A current ratio below 1.0 suggests that the company may face challenges in meeting its short-term obligations without relying on external financing or further cash flow improvements. Investors should monitor this metric closely, as it may limit management's flexibility to invest in strategic growth or respond to unforeseen market volatility.
The P/E ratio is frequently misapplied to Verint's business model, as it obscures the significant impact of non-cash stock-based compensation and the J-curve effect of the SaaS transition, which together render GAAP earnings a poor proxy for the company's true underlying economic profitability and cash generation potential.
Analysts should instead focus on adjusted free cash flow and calculated billings to better understand the company's momentum. Relying on P/E multiples in this context may lead to an inaccurate assessment of the company's valuation, as it fails to account for the heavy R&D and transition costs currently depressing reported net income.
Includes 30+ ratios · 23 years · Updated daily
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Quick answers to the most common questions about buying VRNT stock.
Verint Systems Inc.'s current P/E ratio is 19.7x. The historical average is 84.0x.
Verint Systems Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.1x.
Verint Systems Inc.'s return on equity (ROE) is 6.3%. The historical average is -0.4%.
Based on historical data, Verint Systems Inc. is trading at a P/E of 19.7x. Compare with industry peers and growth rates for a complete picture.
Verint Systems Inc.'s current dividend yield is 1.56% with a payout ratio of 24.4%.
Verint Systems Inc. has 71.3% gross margin and 11.7% operating margin. Operating margin between 10-20% is typical for established companies.
Verint Systems Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.