NICE Ltd. (NICE) Financial Ratios
31 years of historical data (1995–2025) · Technology · Software - Application
EV/EBITDA
↓
8.72
↓-63% vs avg
5yr avg: 23.48
30Y Low8.1·High46.6
P/FCF
↓
10.98
↓-60% vs avg
5yr avg: 27.33
30Y Low10.2·High63.0
P/B Ratio
↓
2.04
↓-49% vs avg
5yr avg: 4.04
30Y Low0.7·High7.2
ROE
↑
16.5%
↓+47% vs avg
5yr avg: 11.2%
30Y Low-25%·High20%
Debt/EBITDA
↓
0.19
↓-84% vs avg
5yr avg: 1.17
30Y Low0.0·High2.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NICE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NICE Ltd. trades at 12.8x earnings, 72% below its 5-year average of 45.1x, sitting at the 4th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a discount of 52%. On a free-cash-flow basis, the stock trades at 11.0x P/FCF, 60% below the 5-year average of 27.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.7B | $7.2B | $11.1B | $13.2B | $12.8B | $20.3B | $18.7B | $10.0B | $6.9B | $5.7B | $4.2B |
| Enterprise Value | $7.5B | $6.9B | $11.2B | $13.5B | $13.0B | $20.9B | $19.1B | $10.4B | $7.1B | $5.8B | $4.5B |
| P/E Ratio → | 12.82 | 11.59 | 25.12 | 39.04 | 48.08 | 101.88 | 95.15 | 53.87 | 42.94 | 39.79 | 35.81 |
| P/S Ratio | 2.60 | 2.41 | 4.07 | 5.56 | 5.86 | 10.57 | 11.35 | 6.37 | 4.74 | 4.29 | 4.13 |
| P/B Ratio | 2.04 | 1.85 | 3.09 | 3.94 | 4.18 | 7.16 | 7.22 | 4.44 | 3.40 | 3.26 | 2.78 |
| P/FCF | 10.98 | 10.18 | 15.18 | 27.70 | 32.13 | 51.47 | 44.84 | 32.14 | 20.58 | 17.47 | 22.80 |
| P/OCF | 10.69 | 9.91 | 13.36 | 23.55 | 26.64 | 43.98 | 38.94 | 26.81 | 17.27 | 14.47 | 19.05 |
P/E links to full P/E history page with 30-year chart
NICE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NICE Ltd.'s enterprise value stands at 8.7x EBITDA, 63% below its 5-year average of 23.5x. The Technology sector median is 17.5x, placing the stock at a 50% 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 | — | 2.34 | 4.10 | 5.67 | 5.97 | 10.86 | 11.56 | 6.60 | 4.89 | 4.38 | 4.44 |
| EV / EBITDA | 8.72 | 8.07 | 14.92 | 22.39 | 25.46 | 46.56 | 44.93 | 25.23 | 19.91 | 19.02 | 21.25 |
| EV / EBIT | 11.37 | 10.52 | 20.41 | 29.24 | 37.33 | 81.35 | 74.84 | 41.06 | 34.50 | 40.05 | 30.78 |
| EV / FCF | — | 9.87 | 15.29 | 28.27 | 32.75 | 52.86 | 45.69 | 33.29 | 21.22 | 17.83 | 24.47 |
NICE Profitability
Margins and return-on-capital ratios measuring operating efficiency
NICE Ltd. earns an operating margin of 22.2%. Operating margins have expanded from 18.3% to 22.2% over the past 3 years, signaling improving operational efficiency. ROE of 16.5% indicates solid capital efficiency. ROIC of 13.5% 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 | 66.4% | 66.4% | 66.7% | 67.7% | 68.7% | 67.5% | 65.9% | 66.2% | 65.6% | 64.8% | 66.7% |
| Operating Margin | 22.2% | 22.2% | 20.0% | 18.3% | 15.4% | 13.7% | 14.7% | 15.2% | 13.7% | 11.3% | 13.2% |
| Net Profit Margin | 20.8% | 20.8% | 16.2% | 14.2% | 12.2% | 10.4% | 11.9% | 11.8% | 11.0% | 10.8% | 11.5% |
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 | 16.5% | 16.5% | 12.7% | 10.6% | 9.0% | 7.3% | 8.1% | 8.7% | 8.5% | 8.8% | 8.0% |
| ROA | 11.9% | 11.9% | 8.5% | 6.8% | 5.6% | 4.5% | 5.0% | 5.5% | 5.3% | 5.2% | 5.2% |
| ROIC | 13.5% | 13.5% | 11.2% | 9.4% | 7.5% | 6.3% | 6.5% | 7.4% | 7.2% | 6.1% | 6.9% |
| ROCE | 16.4% | 16.4% | 14.0% | 11.3% | 9.4% | 8.0% | 8.3% | 9.1% | 8.1% | 6.7% | 7.4% |
NICE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NICE Ltd. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (93% below the sector average of 2.9x). The company holds a net cash position — cash of $379M exceeds total debt of $164M, 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 | 0.04 | 0.04 | 0.16 | 0.23 | 0.25 | 0.33 | 0.31 | 0.26 | 0.23 | 0.26 | 0.31 |
| Debt / EBITDA | 0.19 | 0.19 | 0.75 | 1.30 | 1.52 | 2.07 | 1.88 | 1.43 | 1.29 | 1.46 | 2.19 |
| Net Debt / Equity | — | -0.06 | 0.02 | 0.08 | 0.08 | 0.19 | 0.14 | 0.16 | 0.11 | 0.07 | 0.20 |
| Net Debt / EBITDA | -0.25 | -0.25 | 0.11 | 0.45 | 0.48 | 1.22 | 0.83 | 0.88 | 0.60 | 0.39 | 1.45 |
| Debt / FCF | — | -0.31 | 0.11 | 0.57 | 0.62 | 1.39 | 0.85 | 1.16 | 0.64 | 0.37 | 1.67 |
| Interest Coverage | — | — | 103.60 | 53.20 | 34.59 | 7.92 | 10.17 | 10.31 | 9.06 | 6.17 | 61.02 |
Net cash position: cash ($379M) exceeds total debt ($164M)
NICE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.55x means NICE Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.06x to 1.55x 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 | 1.55 | 1.55 | 1.70 | 2.06 | 2.12 | 1.81 | 1.86 | 0.93 | 1.38 | 1.32 | 1.08 |
| Quick Ratio | 1.55 | 1.55 | 1.70 | 2.06 | 2.12 | 1.81 | 1.86 | 0.93 | 1.37 | 1.31 | 1.07 |
| Cash Ratio | 0.47 | 0.47 | 1.10 | 1.26 | 1.38 | 1.12 | 1.40 | 0.47 | 0.78 | 0.75 | 0.40 |
| Asset Turnover | — | 0.58 | 0.52 | 0.46 | 0.45 | 0.41 | 0.39 | 0.44 | 0.45 | 0.47 | 0.39 |
| Inventory Turnover | 156.91 | — | — | — | — | — | — | 156.91 | 144.68 | 52.00 | 71.61 |
| Days Sales Outstanding | — | 90.73 | 86.50 | 89.83 | 86.91 | 76.11 | 68.42 | 75.73 | 81.16 | 71.32 | 103.44 |
NICE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NICE Ltd. returns 6.4% to shareholders annually primarily through share buybacks. The earnings yield of 7.8% (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 | — | — | — | — | — | — | — | — | — | 0.2% | 0.9% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 6.7% | 32.7% |
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 | 7.8% | 8.6% | 4.0% | 2.6% | 2.1% | 1.0% | 1.1% | 1.9% | 2.3% | 2.5% | 2.8% |
| FCF Yield | 9.1% | 9.8% | 6.6% | 3.6% | 3.1% | 1.9% | 2.2% | 3.1% | 4.9% | 5.7% | 4.4% |
| Buyback Yield | 6.4% | 6.9% | 3.3% | 2.2% | 1.1% | 0.4% | 0.3% | 0.5% | 0.4% | 0.4% | 1.0% |
| Total Shareholder Yield | 6.4% | 6.9% | 3.3% | 2.2% | 1.1% | 0.4% | 0.3% | 0.5% | 0.4% | 0.6% | 1.9% |
| Shares Outstanding | — | $63M | $66M | $66M | $66M | $67M | $66M | $65M | $63M | $62M | $61M |
Peer Comparison
Compare NICE 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 |
|---|---|---|---|---|---|---|---|---|---|
 NICEYou | $8B | 12.8 | 8.7 | 11.0 | 66.4% | 22.2% | 16.5% | 13.5% | 0.2 |
 FIVN | $2B | 52.7 | 18.0 | 9.2 | 54.7% | 2.8% | 5.6% | 1.7% | 6.2 |
 SPOK | $225M | 14.5 | 8.9 | 8.9 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 TWLO | $30B | 931.3 | 76.6 | 28.7 | 48.0% | 3.4% | 0.4% | 1.6% | 2.8 |
 TTEC | $144M | -0.7 | — | — | — | -5.5% | -96.5% | -7.6% | — |
 LPSN | $26M | -0.2 | — | — | 71.5% | -32.3% | — | -22.3% | — |
 CRM | $180B | 24.0 | 20.1 | 12.5 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
 MSFT | $3.1T | 30.2 | 19.3 | 42.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 GOOGL | $4.7T | 35.9 | 31.5 | 64.1 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 ZM | $34B | 17.7 | 25.7 | 17.4 | 77.0% | 23.1% | 20.3% | 10.4% | 0.0 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonNICE — Frequently Asked Questions
Quick answers to the most common questions about buying NICE stock.
What is NICE Ltd.'s P/E ratio?
NICE Ltd.'s current P/E ratio is 12.8x. The historical average is 43.1x. This places it at the 4th percentile of its historical range.
What is NICE Ltd.'s EV/EBITDA?
NICE Ltd.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.7x.
What is NICE Ltd.'s ROE?
NICE Ltd.'s return on equity (ROE) is 16.5%. The historical average is 6.0%.
Is NICE stock overvalued?
Based on historical data, NICE Ltd. is trading at a P/E of 12.8x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are NICE Ltd.'s profit margins?
NICE Ltd. has 66.4% gross margin and 22.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does NICE Ltd. have?
NICE Ltd.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.