nCino, Inc. (NCNO) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
↓
121.97
↓-71% vs avg
5yr avg: 415.73
P/FCF
↓
39.45
↓-93% vs avg
5yr avg: 583.64
30Y Low66.4·High73.4
P/B Ratio
↓
1.87
↓-68% vs avg
5yr avg: 5.76
30Y Low3.1·High14.7
ROE
↑
-3.5%
↓+46% vs avg
5yr avg: -6.5%
30Y Low-31%·High-4%
Debt/EBITDA
↑
13.00
+0% vs avg
5yr avg: 12.95
30Y Low12.9·High13.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NCNO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
nCino, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 39.4x P/FCF, 93% below the 5-year average of 583.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $3.9B | $3.5B | $3.2B | $4.4B | $6.3B | — | — | — |
| Enterprise Value | $2.2B | $4.0B | $3.5B | $3.2B | $4.4B | $5.9B | — | — | — |
| P/E Ratio → | -53.88 | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.89 | 7.24 | 7.44 | 11.55 | 16.19 | 30.77 | — | — | — |
| P/B Ratio | 1.87 | 3.57 | 3.37 | 3.08 | 4.14 | 14.65 | — | — | — |
| P/FCF | 39.45 | 73.37 | 66.40 | — | 907.61 | 1287.17 | — | — | — |
| P/OCF | 38.15 | 70.96 | 61.92 | — | 480.68 | 681.69 | — | — | — |
P/E links to full P/E history page with 30-year chart
NCNO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
nCino, Inc.'s enterprise value stands at 122.0x EBITDA, 71% below its 5-year average of 415.7x. The Technology sector median is 17.5x, placing the stock at a 599% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.46 | 7.36 | 11.60 | 16.04 | 29.03 | — | — | — |
| EV / EBITDA | 121.97 | 221.40 | 610.06 | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 75.54 | 65.70 | — | 899.59 | 1214.45 | — | — | — |
NCNO Profitability
Margins and return-on-capital ratios measuring operating efficiency
nCino, Inc. earns an operating margin of -3.4%. Operating margins have expanded from -26.1% to -3.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.5% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 60.1% | 59.8% | 59.3% | 59.3% | 56.9% | 53.6% | 49.3% | 47.6% |
| Operating Margin | -3.4% | -3.4% | -8.3% | -26.1% | -26.1% | -20.9% | -20.4% | -25.4% | -32.3% |
| Net Profit Margin | -7.0% | -7.0% | -8.9% | -18.3% | -18.1% | -19.8% | -20.0% | -24.4% | -32.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.5% | -3.5% | -4.1% | -4.8% | -6.6% | -13.5% | -23.2% | -31.0% | -23.8% |
| ROA | -2.6% | -2.6% | -3.2% | -3.8% | -5.3% | -10.0% | -14.9% | -19.2% | -16.5% |
| ROIC | -1.2% | -1.2% | -2.9% | -5.2% | -9.7% | -41.4% | -58.6% | — | — |
| ROCE | -1.5% | -1.5% | -3.5% | -6.3% | -9.1% | -13.7% | -23.4% | -31.9% | -24.1% |
NCNO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
nCino, Inc. carries a Debt/EBITDA ratio of 13.0x, which is highly leveraged (345% above the sector average of 2.9x). Net debt stands at $116M ($237M total debt minus $121M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.07 | 0.09 | 0.05 | 0.04 | — | — | — |
| Debt / EBITDA | 13.00 | 13.00 | 12.90 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.11 | -0.04 | 0.01 | -0.04 | -0.83 | -0.53 | -1.13 | -1.03 |
| Net Debt / EBITDA | 6.36 | 6.36 | -6.58 | — | — | — | — | — | — |
| Debt / FCF | — | 2.17 | -0.71 | — | -8.02 | -72.72 | — | — | — |
| Interest Coverage | -2.07 | -2.07 | -9.56 | -25.42 | -47.13 | -327.75 | — | — | — |
NCNO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.20x means nCino, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.01x to 1.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 1.17 | 1.01 | 1.05 | 3.82 | 1.90 | 2.08 | 3.12 |
| Quick Ratio | 1.20 | 1.20 | 1.17 | 1.01 | 1.05 | 3.82 | 1.90 | 2.08 | 3.12 |
| Cash Ratio | 0.48 | 0.48 | 0.52 | 0.40 | 0.50 | 3.21 | 1.19 | 1.42 | 2.31 |
| Asset Turnover | — | 0.34 | 0.36 | 0.21 | 0.21 | 0.36 | 0.55 | 0.76 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 99.10 | 86.53 | 132.61 | 99.33 | 99.19 | 114.66 | 118.95 | 152.56 |
NCNO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
nCino, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.5% | 1.4% | 1.5% | — | 0.1% | 0.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $115M | $113M | $111M | $97M | $88M | $90M | $90M | $90M |
Peer Comparison
Compare NCNO 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 |
|---|---|---|---|---|---|---|---|---|---|
 NCNOYou | $2B | -53.9 | 122.0 | 39.4 | 60.1% | -3.4% | -3.5% | -1.2% | 13.0 |
 QTWO | $3B | 63.4 | 27.4 | 16.3 | 54.0% | 5.7% | 8.8% | 5.1% | 3.0 |
 TOST | $17B | 52.4 | 42.2 | 28.0 | 25.8% | 5.0% | 18.6% | 30.8% | 0.1 |
 ALKT | $2B | -37.9 | — | 45.1 | 57.8% | -12.1% | -13.3% | -8.6% | — |
 ICE | $88B | 27.1 | 16.7 | 20.6 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
 FISV | $30B | 9.0 | 6.6 | 7.0 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 FIS | $24B | 63.0 | 7.7 | 10.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 JKHY | $11B | 23.4 | 13.5 | 18.0 | 42.7% | 23.9% | 21.4% | 21.0% | — |
 OPEN | $4B | -3.1 | — | 3.9 | 7.0% | -6.2% | -151.3% | -15.8% | — |
 CLPT | $343M | -13.0 | — | — | 61.4% | -65.4% | -95.6% | -73.7% | — |
 CRM | $179B | 23.9 | 20.0 | 12.4 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonNCNO — Frequently Asked Questions
Quick answers to the most common questions about buying NCNO stock.
What is nCino, Inc.'s P/E ratio?
nCino, Inc.'s current P/E ratio is -53.9x. This places it at the 50th percentile of its historical range.
What is nCino, Inc.'s EV/EBITDA?
nCino, Inc.'s current EV/EBITDA is 122.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is nCino, Inc.'s ROE?
nCino, Inc.'s return on equity (ROE) is -3.5%. The historical average is -13.8%.
Is NCNO stock overvalued?
Based on historical data, nCino, Inc. is trading at a P/E of -53.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are nCino, Inc.'s profit margins?
nCino, Inc. has 60.1% gross margin and -3.4% operating margin.
How much debt does nCino, Inc. have?
nCino, Inc.'s Debt/EBITDA ratio is 13.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.