Latest Ratios: P/E Ratio 69.9x · EV/EBITDA 7.7x · ROE 24.2%. (2015–2026 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 | $599M | $930M | $835M | $736M | $870M | $1.0B | $2.0B | $1.7B | $1.5B | $948M | — |
| Enterprise Value | $624M | $955M | $807M | $632M | $799M | $907M | $1.9B | $1.5B | $1.4B | $913M | — |
| P/E Ratio → | 69.89 | 100.28 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.34 | 2.08 | 1.98 | 1.82 | 2.17 | 2.65 | 5.69 | 5.59 | 6.72 | 5.57 | — |
| P/B Ratio | 4.07 | 5.83 | 5.45 | 5.00 | 6.80 | 4.89 | 9.74 | 8.30 | 18.14 | 11.63 | — |
| P/FCF | 11.24 | 17.45 | 17.34 | 16.94 | 74.66 | 122.80 | — | — | — | — | — |
| P/OCF | 10.73 | 16.66 | 16.62 | 15.94 | 48.76 | 47.38 | 1677.06 | — | 292.72 | — | — |
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 | — | 2.14 | 1.92 | 1.56 | 1.99 | 2.32 | 5.43 | 5.14 | 6.32 | 5.37 | — |
| EV / EBITDA | 7.70 | 11.79 | — | 34.32 | — | — | — | — | — | — | — |
| EV / EBIT | 14.00 | 20.01 | — | 4786.62 | — | — | — | — | — | — | — |
| EV / FCF | — | 17.91 | 16.77 | 14.55 | 68.52 | 107.54 | — | — | — | — | — |
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 | 74.5% | 74.5% | 77.1% | 78.4% | 74.1% | 74.8% | 75.6% | 74.2% | 74.9% | 74.1% | 70.3% |
| Operating Margin | 10.0% | 10.0% | -7.7% | -1.5% | -16.2% | -23.0% | -26.6% | -41.1% | -33.1% | -39.2% | -34.4% |
| Net Profit Margin | 8.5% | 8.5% | -6.6% | -0.7% | -16.4% | -23.9% | -26.7% | -40.7% | -32.8% | -39.1% | -34.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.2% | 24.2% | -18.6% | -1.9% | -38.8% | -44.5% | -46.4% | -85.1% | -90.2% | -176.9% | — |
| ROA | 6.1% | 6.1% | -5.0% | -0.5% | -11.5% | -15.3% | -16.3% | -29.3% | -31.8% | -45.9% | -50.2% |
| ROIC | 21.6% | 21.6% | -28.8% | -9.3% | -69.6% | -68.2% | -77.1% | -298.6% | -284.5% | -465.6% | — |
| ROCE | 15.1% | 15.1% | -12.8% | -2.6% | -23.0% | -27.0% | -28.8% | -60.6% | -87.6% | -149.7% | -245.4% |
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 | 1.12 | 1.12 | 0.62 | 0.72 | 0.93 | 0.63 | 0.66 | 0.62 | — | — | — |
| Debt / EBITDA | 2.20 | 2.20 | — | 5.78 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.15 | -0.18 | -0.71 | -0.56 | -0.61 | -0.45 | -0.66 | -1.09 | -0.42 | — |
| Net Debt / EBITDA | 0.30 | 0.30 | — | -5.64 | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.46 | -0.58 | -2.39 | -6.13 | -15.25 | — | — | — | — | — |
| Interest Coverage | 6.30 | 6.30 | -28.02 | 0.28 | -107.42 | -168.08 | -153.06 | -390.06 | -520.78 | -183.97 | -286.21 |
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 | 1.07 | 1.07 | 0.83 | 1.34 | 1.19 | 1.41 | 1.45 | 1.54 | 1.28 | 1.52 | 0.75 |
| Quick Ratio | 1.07 | 1.07 | 0.83 | 1.34 | 1.19 | 1.41 | 1.45 | 1.54 | 1.28 | 1.52 | 0.75 |
| Cash Ratio | 0.52 | 0.52 | 0.36 | 0.78 | 0.65 | 0.90 | 0.89 | 1.05 | 0.79 | 1.00 | 0.30 |
| Asset Turnover | — | 0.72 | 0.69 | 0.79 | 0.77 | 0.63 | 0.60 | 0.53 | 0.85 | 0.84 | 1.44 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 102.28 | 97.93 | 97.68 | 99.91 | 94.95 | 100.30 | 98.43 | 88.48 | 95.77 | 81.21 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 1.0% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 8.9% | 5.7% | 5.8% | 5.9% | 1.3% | 0.8% | — | — | — | — | — |
| Buyback Yield | 11.3% | 7.2% | 2.1% | 3.1% | 8.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 11.3% | 7.2% | 2.1% | 3.1% | 8.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $130M | $127M | $124M | $125M | $128M | $120M | $112M | $98M | $79M | $85M |
Generative AI Search Disruption
According to current market data, Yext trades at a P/S ratio of 1.19, which suggests that investors are pricing the company as a mature utility rather than a high-growth AI software provider, especially when compared to the broader CXM sector's historical valuation premiums.
The forward P/E of 6.53 appears to imply a market expectation of limited earnings expansion, likely reflecting skepticism regarding the company's ability to successfully pivot its core listings business. This valuation gap warrants further investigation into whether the market is underestimating the latent value of Yext's proprietary Knowledge Graph in an AI-driven search environment.
Based on reported financial statements, Yext has achieved a gross margin of 72.9% as of 2027Q1, indicating that while the company maintains strong software-like delivery economics, its overall earning power remains constrained by the high fixed costs associated with its Knowledge Network publisher fees.
The recent shift to positive operating margins suggests a disciplined move toward operational efficiency, yet investors should monitor whether these gains are sustainable or merely a result of aggressive cost-cutting. The reliance on non-recurring items and stock-based compensation may continue to obscure the true underlying profitability of the core subscription model.
As reported in recent quarterly filings, Yext's ROIC has fluctuated significantly, dropping to 2.5% in 2027Q1 from a peak of 16.0% in 2026Q2, which highlights the company's ongoing struggle to consistently compound returns on its invested capital during this strategic transition period.
The volatility in ROIC appears to be driven by inconsistent net income performance and lumpy capital allocation decisions. This trend suggests that management has yet to establish a stable framework for generating superior returns, making it difficult for investors to gauge the long-term value creation potential of the business.
Based on Yext's most recent balance sheet data, the debt-to-equity ratio has surged to 9.18 in 2027Q1, a dramatic increase from the 1.12 level observed in 2026Q4, indicating a significant shift toward debt-funded capital management that warrants close scrutiny by risk-focused analysts.
This spike in leverage, combined with a current ratio that has fallen to 0.79, suggests that the company's liquidity position is becoming increasingly strained. Investors should monitor whether this debt-heavy approach to capital allocation will limit the firm's operational flexibility in the face of potential market volatility.
As noted in industry analysis, the P/E ratio is frequently misapplied to Yext's business model, as it fails to account for the significant impact of stock-based compensation and the lumpy nature of enterprise contract renewals on reported net income.
Using P/E obscures the true cash-generating potential of the business, which is better captured by analyzing free cash flow and changes in remaining performance obligations. Analysts should prioritize these alternative metrics to avoid being misled by accounting-driven earnings volatility that does not reflect the company's actual operational health.
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Quick answers to the most common questions about buying YEXT stock.
Yext, Inc.'s current P/E ratio is 69.9x. The historical average is 100.3x.
Yext, Inc.'s current EV/EBITDA is 7.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.1x.
Yext, Inc.'s return on equity (ROE) is 24.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -53.1%.
Based on historical data, Yext, Inc. is trading at a P/E of 69.9x. Compare with industry peers and growth rates for a complete picture.
Yext, Inc. has 74.5% gross margin and 10.0% operating margin.
Yext, Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.