F5, Inc. (FFIV) Financial Ratios
28 years of historical data (1998–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
21.73
+13% vs avg
5yr avg: 19.19
30Y Low11.4·High71.0
P/FCF
↑
21.51
+12% vs avg
5yr avg: 19.20
30Y Low11.2·High62.9
P/B Ratio
↑
5.64
↑+30% vs avg
5yr avg: 4.35
30Y Low2.0·High46.2
ROE
↑
20.6%
↓+25% vs avg
5yr avg: 16.5%
30Y Low-49%·High36%
Debt/EBITDA
↓
0.57
↓-51% vs avg
5yr avg: 1.17
30Y Low0.6·High2.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FFIV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
F5, Inc. trades at 29.2x earnings, roughly in line with its 5-year average of 27.9x, sitting at the 58th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a premium of 6%. On a free-cash-flow basis, the stock trades at 21.5x P/FCF, 12% above the 5-year average of 19.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.5B | $19.0B | $13.1B | $9.7B | $8.8B | $12.3B | $7.5B | $8.5B | $12.4B | $7.8B | $8.5B |
| Enterprise Value | $18.6B | $18.1B | $12.5B | $9.4B | $9.0B | $12.8B | $7.8B | $7.9B | $11.9B | $7.1B | $8.0B |
| P/E Ratio → | 29.24 | 27.39 | 23.06 | 24.60 | 27.46 | 37.22 | 24.50 | 19.83 | 27.24 | 18.55 | 23.17 |
| P/S Ratio | 6.31 | 6.14 | 4.64 | 3.45 | 3.28 | 4.74 | 3.21 | 3.79 | 5.72 | 3.74 | 4.25 |
| P/B Ratio | 5.64 | 5.28 | 4.18 | 3.47 | 3.58 | 5.23 | 3.38 | 4.82 | 9.62 | 6.35 | 7.15 |
| P/FCF | 21.51 | 20.92 | 17.15 | 16.21 | 21.62 | 20.07 | 12.54 | 13.18 | 17.48 | 11.19 | 13.17 |
| P/OCF | 20.53 | 19.97 | 16.49 | 14.86 | 19.98 | 19.12 | 11.40 | 11.35 | 16.25 | 10.55 | 11.91 |
P/E links to full P/E history page with 30-year chart
FFIV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
F5, Inc.'s enterprise value stands at 21.7x EBITDA, 13% above its 5-year average of 19.2x. The Technology sector median is 17.5x, placing the stock at a 25% premium 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 | — | 5.87 | 4.43 | 3.35 | 3.35 | 4.90 | 3.32 | 3.52 | 5.53 | 3.41 | 3.99 |
| EV / EBITDA | 21.73 | 21.10 | 16.28 | 16.12 | 17.37 | 25.06 | 15.97 | 13.44 | 17.86 | 11.42 | 13.17 |
| EV / EBIT | 24.35 | 22.89 | 18.68 | 17.54 | 21.91 | 32.40 | 19.49 | 15.22 | 19.60 | 12.37 | 14.30 |
| EV / FCF | — | 19.98 | 16.35 | 15.75 | 22.06 | 20.77 | 12.98 | 12.25 | 16.88 | 10.23 | 12.37 |
FFIV Profitability
Margins and return-on-capital ratios measuring operating efficiency
F5, Inc. earns an operating margin of 24.8%. Operating margins have expanded from 16.8% to 24.8% over the past 3 years, signaling improving operational efficiency. ROE of 20.6% indicates solid capital efficiency. ROIC of 21.8% represents excellent 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 | 81.4% | 81.4% | 80.2% | 78.9% | 80.0% | 81.1% | 82.6% | 84.1% | 83.3% | 83.1% | 83.1% |
| Operating Margin | 24.8% | 24.8% | 23.4% | 16.8% | 15.0% | 15.1% | 16.7% | 23.1% | 28.2% | 27.0% | 27.4% |
| Net Profit Margin | 22.4% | 22.4% | 20.1% | 14.0% | 12.0% | 12.7% | 13.1% | 19.1% | 21.0% | 20.1% | 18.3% |
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 | 20.6% | 20.6% | 19.1% | 15.0% | 13.3% | 14.4% | 15.4% | 28.1% | 36.1% | 34.9% | 29.2% |
| ROA | 11.6% | 11.6% | 10.4% | 7.5% | 6.3% | 6.8% | 7.6% | 14.3% | 17.9% | 17.6% | 15.8% |
| ROIC | 21.8% | 21.8% | 19.6% | 13.7% | 11.1% | 11.2% | 16.1% | 38.4% | 64.5% | 69.0% | 51.4% |
| ROCE | 17.3% | 17.3% | 16.7% | 13.1% | 11.5% | 11.3% | 13.8% | 26.3% | 38.2% | 37.5% | 36.3% |
FFIV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
F5, Inc. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (80% below the sector average of 2.9x). The company holds a net cash position — cash of $1.3B exceeds total debt of $493M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.15 | 0.19 | 0.38 | 0.43 | 0.50 | — | — | — | — |
| Debt / EBITDA | 0.57 | 0.57 | 0.61 | 0.89 | 1.80 | 1.99 | 2.28 | — | — | — | — |
| Net Debt / Equity | — | -0.24 | -0.19 | -0.10 | 0.07 | 0.18 | 0.12 | -0.34 | -0.33 | -0.55 | -0.43 |
| Net Debt / EBITDA | -0.99 | -0.99 | -0.80 | -0.47 | 0.34 | 0.85 | 0.54 | -1.02 | -0.64 | -1.08 | -0.85 |
| Debt / FCF | — | -0.94 | -0.80 | -0.46 | 0.44 | 0.70 | 0.44 | -0.93 | -0.60 | -0.97 | -0.80 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.3B) exceeds total debt ($493M)
FFIV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.54x means F5, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.23x to 1.54x 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 | 1.54 | 1.54 | 1.39 | 1.23 | 1.02 | 1.13 | 1.37 | 1.37 | 1.49 | 1.50 | 1.53 |
| Quick Ratio | 1.49 | 1.49 | 1.34 | 1.19 | 0.95 | 1.12 | 1.35 | 1.34 | 1.45 | 1.47 | 1.49 |
| Cash Ratio | 0.83 | 0.83 | 0.72 | 0.55 | 0.48 | 0.65 | 0.94 | 0.88 | 1.09 | 1.09 | 1.05 |
| Asset Turnover | — | 0.49 | 0.50 | 0.54 | 0.51 | 0.52 | 0.50 | 0.66 | 0.83 | 0.84 | 0.87 |
| Inventory Turnover | 7.43 | 7.43 | 7.30 | 8.23 | 4.30 | 22.36 | 14.62 | 10.37 | 11.83 | 11.85 | 9.90 |
| Days Sales Outstanding | — | 107.88 | 102.41 | 107.55 | 106.92 | 77.94 | 67.43 | 65.34 | 49.88 | 50.98 | 49.06 |
FFIV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
F5, Inc. returns 2.6% to shareholders annually primarily through share buybacks. 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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% | 3.7% | 4.3% | 4.1% | 3.6% | 2.7% | 4.1% | 5.0% | 3.7% | 5.4% | 4.3% |
| FCF Yield | 4.6% | 4.8% | 5.8% | 6.2% | 4.6% | 5.0% | 8.0% | 7.6% | 5.7% | 8.9% | 7.6% |
| Buyback Yield | 2.6% | 2.6% | 3.8% | 3.6% | 5.7% | 4.1% | 1.3% | 2.4% | 4.9% | 7.7% | 8.3% |
| Total Shareholder Yield | 2.6% | 2.6% | 3.8% | 3.6% | 5.7% | 4.1% | 1.3% | 2.4% | 4.9% | 7.7% | 8.3% |
| Shares Outstanding | — | $59M | $59M | $60M | $61M | $62M | $61M | $60M | $62M | $65M | $68M |
Peer Comparison
Compare FFIV 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 |
|---|---|---|---|---|---|---|---|---|---|
 FFIVYou | $20B | 29.2 | 21.7 | 21.5 | 81.4% | 24.8% | 20.6% | 21.8% | 0.6 |
 CSCO | $365B | 36.1 | 26.3 | 27.5 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 ANET | $178B | 51.5 | 44.9 | 42.0 | 64.1% | 42.8% | 31.4% | 32.8% | — |
 NTCT | $3B | -7.6 | — | 13.1 | 78.3% | -44.7% | -21.3% | -19.3% | — |
 RBBN | $472M | 12.2 | 9.6 | 18.1 | 47.0% | 2.4% | 9.3% | 2.1% | 5.0 |
 PANW | $138B | 122.8 | 85.9 | 39.8 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 FTNT | $80B | 44.4 | 35.1 | 35.9 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 ZS | $25B | -565.9 | — | 33.8 | 76.9% | -4.8% | -2.7% | -8.4% | — |
 NET | $91B | -886.4 | 1062.7 | 280.1 | 74.4% | -9.4% | -8.2% | -4.6% | 42.0 |
 AKAM | $17B | 38.0 | 17.3 | 24.6 | 54.7% | 14.9% | 9.2% | 4.7% | 5.2 |
 NVDA | $5.1T | 43.2 | 38.6 | 53.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonFFIV — Frequently Asked Questions
Quick answers to the most common questions about buying FFIV stock.
What is F5, Inc.'s P/E ratio?
F5, Inc.'s current P/E ratio is 29.2x. The historical average is 36.0x. This places it at the 58th percentile of its historical range.
What is F5, Inc.'s EV/EBITDA?
F5, Inc.'s current EV/EBITDA is 21.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.9x.
What is F5, Inc.'s ROE?
F5, Inc.'s return on equity (ROE) is 20.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.3%.
Is FFIV stock overvalued?
Based on historical data, F5, Inc. is trading at a P/E of 29.2x. This is at the 58th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are F5, Inc.'s profit margins?
F5, Inc. has 81.4% gross margin and 24.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does F5, Inc. have?
F5, Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.