Amdocs Limited (DOX) Financial Ratios
29 years of historical data (1997–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
5.93
↓-49% vs avg
5yr avg: 11.53
30Y Low3.9·High57.4
P/FCF
↑
8.58
↓-44% vs avg
5yr avg: 15.30
30Y Low4.0·High58.6
P/B Ratio
↓
1.66
↓-39% vs avg
5yr avg: 2.74
30Y Low1.0·High34.0
ROE
↓
16.2%
↓+2% vs avg
5yr avg: 15.9%
30Y Low-0%·High194%
Debt/EBITDA
↓
0.81
↓-14% vs avg
5yr avg: 0.95
30Y Low0.0·High1.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DOX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Amdocs Limited trades at 10.2x earnings, 42% below its 5-year average of 17.6x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 65%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 44% below the 5-year average of 15.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.5B | $9.2B | $10.0B | $10.0B | $9.7B | $9.7B | $7.6B | $9.1B | $9.5B | $9.5B | $8.7B |
| Enterprise Value | $6.0B | $9.7B | $10.4B | $10.3B | $9.9B | $9.9B | $7.7B | $8.6B | $9.1B | $8.8B | $8.2B |
| P/E Ratio → | 10.19 | 16.25 | 20.58 | 18.82 | 17.89 | 14.23 | 15.47 | 19.05 | 26.71 | 21.73 | 21.35 |
| P/S Ratio | 1.22 | 2.02 | 1.99 | 2.05 | 2.12 | 2.26 | 1.83 | 2.22 | 2.39 | 2.45 | 2.35 |
| P/B Ratio | 1.66 | 2.64 | 2.85 | 2.81 | 2.72 | 2.67 | 2.09 | 2.56 | 2.72 | 2.65 | 2.53 |
| P/FCF | 8.58 | 14.21 | 16.11 | 14.34 | 18.29 | 13.54 | 16.90 | 17.16 | 29.08 | 18.86 | 17.84 |
| P/OCF | 7.39 | 12.24 | 13.76 | 12.17 | 12.80 | 10.46 | 11.62 | 13.82 | 17.01 | 14.91 | 14.10 |
P/E links to full P/E history page with 30-year chart
DOX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Amdocs Limited's enterprise value stands at 5.9x EBITDA, 49% below its 5-year average of 11.5x. The Technology sector median is 16.7x, placing the stock at a 65% 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 | — | 2.13 | 2.08 | 2.11 | 2.17 | 2.30 | 1.85 | 2.10 | 2.28 | 2.28 | 2.20 |
| EV / EBITDA | 5.93 | 9.49 | 12.67 | 12.12 | 11.17 | 12.21 | 9.71 | 11.08 | 14.17 | 12.06 | 11.77 |
| EV / EBIT | 7.33 | 13.22 | 16.63 | 15.62 | 14.94 | 11.80 | 12.97 | 15.03 | 21.36 | 17.17 | 16.81 |
| EV / FCF | — | 14.99 | 16.82 | 14.75 | 18.77 | 13.78 | 17.01 | 16.27 | 27.79 | 17.57 | 16.68 |
DOX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Amdocs Limited earns an operating margin of 18.2%. Operating margins have expanded from 13.4% to 18.2% over the past 3 years, signaling improving operational efficiency. ROE of 16.2% indicates solid capital efficiency. ROIC of 15.6% represents solid 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 | 36.6% | 36.6% | 35.1% | 35.3% | 35.4% | 34.5% | 33.9% | 35.1% | 34.7% | 35.2% | 35.2% |
| Operating Margin | 18.2% | 18.2% | 12.6% | 13.4% | 14.5% | 14.0% | 14.3% | 13.9% | 10.8% | 13.4% | 13.0% |
| Net Profit Margin | 12.5% | 12.5% | 9.9% | 11.1% | 12.0% | 16.1% | 11.9% | 11.7% | 8.9% | 11.3% | 11.0% |
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 | 16.2% | 16.2% | 14.0% | 15.2% | 15.3% | 18.9% | 13.8% | 13.6% | 10.0% | 12.4% | 11.9% |
| ROA | 8.9% | 8.9% | 7.7% | 8.4% | 8.5% | 10.7% | 8.6% | 9.0% | 6.7% | 8.2% | 7.7% |
| ROIC | 15.6% | 15.6% | 12.1% | 12.8% | 13.1% | 11.9% | 13.1% | 13.9% | 10.7% | 13.4% | 13.2% |
| ROCE | 16.8% | 16.8% | 12.6% | 12.8% | 12.9% | 11.6% | 12.9% | 14.0% | 10.5% | 12.8% | 12.2% |
DOX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Amdocs Limited carries a Debt/EBITDA ratio of 0.8x, which is very conservative (72% below the sector average of 2.9x). Net debt stands at $501M ($826M total debt minus $325M cash). Interest coverage of 17.2x 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 | 0.24 | 0.24 | 0.23 | 0.23 | 0.23 | 0.24 | 0.28 | — | — | — | 0.06 |
| Debt / EBITDA | 0.81 | 0.81 | 0.96 | 0.95 | 0.93 | 1.09 | 1.30 | — | — | — | 0.29 |
| Net Debt / Equity | — | 0.14 | 0.13 | 0.08 | 0.07 | 0.05 | 0.01 | -0.13 | -0.12 | -0.18 | -0.16 |
| Net Debt / EBITDA | 0.49 | 0.49 | 0.54 | 0.34 | 0.28 | 0.21 | 0.06 | -0.61 | -0.65 | -0.89 | -0.82 |
| Debt / FCF | — | 0.78 | 0.72 | 0.41 | 0.48 | 0.24 | 0.11 | -0.89 | -1.28 | -1.29 | -1.16 |
| Interest Coverage | 17.24 | 17.24 | 17.94 | 28.56 | 39.34 | 39.28 | 56.94 | 146.20 | 153.51 | 321.57 | 291.76 |
DOX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.17x means Amdocs Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.41x to 1.17x 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 | 1.17 | 1.17 | 1.20 | 1.41 | 1.60 | 1.59 | 1.71 | 1.39 | 1.33 | 1.75 | 1.54 |
| Quick Ratio | 1.17 | 1.17 | 1.20 | 1.41 | 1.60 | 1.59 | 1.71 | 1.39 | 1.33 | 1.75 | 1.54 |
| Cash Ratio | 0.24 | 0.24 | 0.35 | 0.55 | 0.65 | 0.74 | 0.81 | 0.39 | 0.40 | 0.84 | 0.80 |
| Asset Turnover | — | 0.73 | 0.78 | 0.76 | 0.72 | 0.66 | 0.66 | 0.77 | 0.74 | 0.73 | 0.70 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 75.35 | 75.00 | 70.53 | 75.51 | 73.77 | 75.38 | 88.23 | 89.21 | 81.65 | 80.35 |
DOX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Amdocs Limited returns 13.9% to shareholders annually — split between a 3.9% dividend yield and 10.0% buyback yield. The payout ratio of 39.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.8% (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 | 3.9% | 2.4% | 2.1% | 2.0% | 1.9% | 1.8% | 2.1% | 1.6% | 1.4% | 1.3% | 1.2% |
| Payout Ratio | 39.7% | 39.7% | 43.0% | 36.9% | 33.9% | 25.8% | 33.0% | 30.8% | 37.9% | 27.8% | 26.7% |
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 | 9.8% | 6.2% | 4.9% | 5.3% | 5.6% | 7.0% | 6.5% | 5.2% | 3.7% | 4.6% | 4.7% |
| FCF Yield | 11.7% | 7.0% | 6.2% | 7.0% | 5.5% | 7.4% | 5.9% | 5.8% | 3.4% | 5.3% | 5.6% |
| Buyback Yield | 10.0% | 6.0% | 5.6% | 4.9% | 5.3% | 7.0% | 4.7% | 4.4% | 4.4% | 3.6% | 4.7% |
| Total Shareholder Yield | 13.9% | 8.5% | 7.8% | 6.9% | 7.2% | 8.9% | 6.9% | 6.0% | 5.8% | 4.9% | 6.0% |
| Shares Outstanding | — | $112M | $114M | $118M | $122M | $128M | $133M | $137M | $144M | $147M | $151M |
Peer Comparison
Compare DOX 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 |
|---|---|---|---|---|---|---|---|---|---|
 DOXYou | $6B | 10.2 | 5.9 | 8.6 | 36.6% | 18.2% | 16.2% | 15.6% | 0.8 |
 CSGS | $2B | 40.8 | 7.3 | 16.3 | 47.5% | 24.5% | 19.7% | 32.5% | 1.6 |
 CNXC | $2B | -1.2 | 4.8 | 3.1 | 35.0% | 6.2% | -37.7% | 5.6% | 3.7 |
 EPAM | $4B | 11.4 | 4.4 | 6.5 | 26.5% | 9.6% | 10.3% | 15.5% | 0.2 |
 CTSH | $21B | 9.6 | 5.0 | 8.0 | 33.7% | 16.7% | 15.2% | 18.7% | 0.4 |
 WIT | $25B | 18.1 | 13.4 | 15.4 | 30.7% | 17.0% | 16.8% | 13.4% | 1.1 |
 ACN | $80B | 10.7 | 6.1 | 7.4 | 31.9% | 14.7% | 25.0% | 26.8% | 0.6 |
 IBM | $234B | 22.3 | 18.7 | 20.2 | 59.5% | 15.3% | 35.2% | 9.8% | 4.4 |
 INFY | $43B | 13.9 | 8.8 | 10.5 | 30.5% | 21.1% | 28.9% | 31.8% | 0.2 |
 GLOB | $1B | 13.4 | 4.7 | 5.1 | 35.0% | 7.0% | 4.9% | 5.5% | 1.4 |
 LDOS | $13B | 9.6 | 7.6 | 8.3 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
| 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 · 29 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
DOX — Frequently Asked Questions
Quick answers to the most common questions about buying DOX stock.
What is Amdocs Limited's P/E ratio?
Amdocs Limited's current P/E ratio is 10.2x. The historical average is 24.3x.
What is Amdocs Limited's EV/EBITDA?
Amdocs Limited's current EV/EBITDA is 5.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is Amdocs Limited's ROE?
Amdocs Limited's return on equity (ROE) is 16.2%. The historical average is 20.9%.
Is DOX stock overvalued?
Based on historical data, Amdocs Limited is trading at a P/E of 10.2x. Compare with industry peers and growth rates for a complete picture.
What is Amdocs Limited's dividend yield?
Amdocs Limited's current dividend yield is 3.90% with a payout ratio of 39.7%.
What are Amdocs Limited's profit margins?
Amdocs Limited has 36.6% gross margin and 18.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Amdocs Limited have?
Amdocs Limited's Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.