AudioCodes Ltd. (AUDC) Financial Ratios
28 years of historical data (1998–2025) · Technology · Communication Equipment
EV/EBITDA
↓
14.67
↓-22% vs avg
5yr avg: 18.88
30Y Low13.1·High96.5
P/FCF
↓
10.67
↓-72% vs avg
5yr avg: 38.40
30Y Low5.2·High175.8
P/B Ratio
↓
1.54
↓-44% vs avg
5yr avg: 2.77
30Y Low0.9·High13.8
ROE
↓
4.9%
↑-49% vs avg
5yr avg: 9.7%
30Y Low-63%·High20%
Debt/EBITDA
↑
3.79
↑+118% vs avg
5yr avg: 1.74
30Y Low0.3·High31.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AUDC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AudioCodes Ltd. trades at 29.4x earnings, roughly in line with its 5-year average of 29.2x, sitting at the 44th percentile of its historical range. This is roughly in line with the Technology sector median P/E of 29.0x. On a free-cash-flow basis, the stock trades at 10.7x P/FCF, 72% below the 5-year average of 38.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $244M | $253M | $298M | $381M | $581M | $1.2B | $907M | $791M | $299M | $237M | $227M |
| Enterprise Value | $268M | $277M | $276M | $390M | $571M | $1.1B | $896M | $762M | $273M | $221M | $215M |
| P/E Ratio → | 29.39 | 28.16 | 19.48 | 43.11 | 20.33 | 34.74 | 33.19 | 197.62 | 21.96 | 56.62 | 14.11 |
| P/S Ratio | 0.99 | 1.03 | 1.23 | 1.56 | 2.11 | 4.72 | 4.11 | 3.95 | 1.69 | 1.51 | 1.56 |
| P/B Ratio | 1.54 | 1.48 | 1.56 | 2.03 | 3.06 | 5.72 | 4.32 | 8.56 | 3.16 | 2.56 | 2.09 |
| P/FCF | 10.67 | 11.05 | 27.20 | 42.70 | 85.58 | 25.47 | 24.54 | 37.29 | 12.32 | 14.62 | 13.47 |
| P/OCF | 8.32 | 8.62 | 8.47 | 25.60 | 70.21 | 24.84 | 23.57 | 34.15 | 11.67 | 13.33 | 12.39 |
P/E links to full P/E history page with 30-year chart
AUDC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
AudioCodes Ltd.'s enterprise value stands at 14.7x EBITDA, 22% below its 5-year average of 18.9x. The Technology sector median is 16.7x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.13 | 1.14 | 1.59 | 2.07 | 4.48 | 4.06 | 3.80 | 1.55 | 1.41 | 1.48 |
| EV / EBITDA | 14.67 | 15.15 | 13.10 | 22.90 | 16.63 | 26.60 | 22.05 | — | 14.64 | 18.31 | 20.18 |
| EV / EBIT | 19.09 | 19.72 | 16.06 | 24.45 | 15.69 | 26.63 | 24.01 | — | 16.21 | 22.27 | 27.34 |
| EV / FCF | — | 12.09 | 25.17 | 43.66 | 83.99 | 24.17 | 24.24 | 35.90 | 11.27 | 13.67 | 12.74 |
AUDC Profitability
Margins and return-on-capital ratios measuring operating efficiency
AudioCodes Ltd. earns an operating margin of 5.7%. ROE of 4.9% is modest. ROIC of 5.8% represents adequate returns on invested capital.
Margins
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 | 65.0% | 65.0% | 65.3% | 64.8% | 65.0% | 68.7% | 67.9% | 47.4% | 62.8% | 62.4% | 60.7% |
| Operating Margin | 5.7% | 5.7% | 7.1% | 5.9% | 11.4% | 15.9% | 17.4% | -4.8% | 9.3% | 6.2% | 5.3% |
| Net Profit Margin | 3.6% | 3.6% | 6.3% | 3.6% | 10.3% | 13.6% | 12.3% | 2.0% | 7.7% | 2.6% | 11.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.9% | 4.9% | 8.1% | 4.6% | 14.4% | 16.3% | 18.0% | 4.3% | 14.4% | 4.0% | 14.4% |
| ROA | 2.7% | 2.7% | 4.5% | 2.7% | 8.5% | 9.5% | 9.0% | 1.9% | 7.8% | 2.3% | 8.6% |
| ROIC | 5.8% | 5.8% | 7.0% | 5.8% | 14.5% | 17.2% | 22.0% | -10.8% | 16.8% | 8.4% | 5.6% |
| ROCE | 5.6% | 5.6% | 6.7% | 6.0% | 13.0% | 15.3% | 18.2% | -6.8% | 13.1% | 7.2% | 5.4% |
AUDC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
AudioCodes Ltd. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (29% above the sector average of 2.9x). Net debt stands at $24M ($69M total debt minus $46M cash). Interest coverage of 30.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.40 | 0.40 | 0.19 | 0.21 | 0.07 | 0.10 | 0.14 | 0.38 | 0.07 | 0.09 | 0.11 |
| Debt / EBITDA | 3.79 | 3.79 | 1.73 | 2.31 | 0.40 | 0.47 | 0.73 | — | 0.33 | 0.72 | 1.12 |
| Net Debt / Equity | — | 0.14 | -0.12 | 0.05 | -0.06 | -0.29 | -0.05 | -0.32 | -0.27 | -0.17 | -0.11 |
| Net Debt / EBITDA | 1.30 | 1.30 | -1.06 | 0.50 | -0.32 | -1.43 | -0.27 | — | -1.36 | -1.28 | -1.16 |
| Debt / FCF | — | 1.04 | -2.03 | 0.95 | -1.59 | -1.30 | -0.30 | -1.39 | -1.04 | -0.96 | -0.74 |
| Interest Coverage | 30.45 | 30.45 | 58.08 | 4.92 | 101.62 | 18.54 | 37.30 | -17.86 | 19.06 | 17.52 | 14.41 |
AUDC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
AudioCodes Ltd.'s current ratio of 2.21x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.69x to 2.21x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.21 | 2.21 | 2.09 | 1.69 | 1.59 | 1.75 | 2.15 | 1.53 | 2.12 | 1.71 | 1.78 |
| Quick Ratio | 1.94 | 1.94 | 1.69 | 1.17 | 1.20 | 1.50 | 1.84 | 1.20 | 1.67 | 1.34 | 1.42 |
| Cash Ratio | 0.89 | 0.89 | 0.80 | 0.45 | 0.50 | 0.84 | 1.33 | 0.76 | 0.99 | 0.69 | 0.70 |
| Asset Turnover | — | 0.76 | 0.72 | 0.72 | 0.85 | 0.71 | 0.62 | 0.82 | 1.00 | 0.92 | 0.78 |
| Inventory Turnover | 3.90 | 3.90 | 2.67 | 1.96 | 2.65 | 3.25 | 2.43 | 3.73 | 2.82 | 3.56 | 3.50 |
| Days Sales Outstanding | — | 100.10 | 84.43 | 76.36 | 74.86 | 85.27 | 57.07 | 60.37 | 58.33 | 62.30 | 72.27 |
AUDC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AudioCodes Ltd. returns 16.7% to shareholders annually — split between a 4.1% dividend yield and 12.5% buyback yield. The payout ratio exceeds 100% at 122.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 4.1% | 4.3% | 3.7% | 3.0% | 2.0% | 0.9% | 0.9% | 0.8% | 1.9% | — | — |
| Payout Ratio | 122.1% | 122.1% | 71.2% | 129.8% | 40.6% | 32.2% | 31.0% | 169.0% | 42.7% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.4% | 3.6% | 5.1% | 2.3% | 4.9% | 2.9% | 3.0% | 0.5% | 4.6% | 1.8% | 7.1% |
| FCF Yield | 9.4% | 9.0% | 3.7% | 2.3% | 1.2% | 3.9% | 4.1% | 2.7% | 8.1% | 6.8% | 7.4% |
| Buyback Yield | 12.5% | 12.1% | 4.8% | 4.8% | 6.6% | 3.6% | 0.0% | 1.0% | 4.8% | 10.8% | 12.9% |
| Total Shareholder Yield | 16.7% | 16.4% | 8.5% | 7.8% | 8.5% | 4.5% | 0.9% | 1.9% | 6.7% | 10.8% | 12.9% |
| Shares Outstanding | — | $29M | $31M | $32M | $33M | $34M | $33M | $31M | $30M | $32M | $36M |
Peer Comparison
Compare AUDC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AUDCYou | $244M | 29.4 | 14.7 | 10.7 | 65.0% | 5.7% | 4.9% | 5.8% | 3.8 |
 RBBN | $450M | 11.6 | 9.3 | 17.3 | 47.0% | 2.4% | 9.3% | 2.1% | 5.0 |
 SANG | $120M | -17.2 | 2.7 | 3.6 | 68.3% | -0.5% | -2.7% | -0.4% | 0.9 |
 EGHT | $260M | 184.0 | 28.4 | 5.0 | 64.6% | 2.6% | 1.2% | 3.3% | 19.6 |
 BAND | $2B | -119.5 | 52.4 | 0.0 | 35.8% | -1.9% | -3.6% | -1.2% | 16.4 |
 LOGI | $15B | 22.4 | 17.7 | 15.8 | 43.2% | 16.0% | 32.7% | 97.8% | — |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 ZM | $25B | 14.0 | 19.2 | 13.2 | 77.0% | 23.1% | 20.3% | 10.4% | 0.0 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 AVGO | $2.0T | 86.2 | 58.6 | 72.7 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
AUDC — Frequently Asked Questions
Quick answers to the most common questions about buying AUDC stock.
What is AudioCodes Ltd.'s P/E ratio?
AudioCodes Ltd.'s current P/E ratio is 29.4x. The historical average is 54.7x. This places it at the 44th percentile of its historical range.
What is AudioCodes Ltd.'s EV/EBITDA?
AudioCodes Ltd.'s current EV/EBITDA is 14.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 29.6x.
What is AudioCodes Ltd.'s ROE?
AudioCodes Ltd.'s return on equity (ROE) is 4.9%. The historical average is 3.4%.
Is AUDC stock overvalued?
Based on historical data, AudioCodes Ltd. is trading at a P/E of 29.4x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is AudioCodes Ltd.'s dividend yield?
AudioCodes Ltd.'s current dividend yield is 4.14% with a payout ratio of 122.1%.
What are AudioCodes Ltd.'s profit margins?
AudioCodes Ltd. has 65.0% gross margin and 5.7% operating margin.
How much debt does AudioCodes Ltd. have?
AudioCodes Ltd.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.