9 years of historical data (2016–2024) · Communication Services · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Opera Limited trades at 13.9x earnings, 31% below its 5-year average of 20.0x, sitting at the 33rd percentile of its historical range. Compared to the Communication Services sector median P/E of 14.8x, the stock trades at a discount of 6%. On a free-cash-flow basis, the stock trades at 15.1x P/FCF, 29% below the 5-year average of 21.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.7B | $1.2B | $694M | $813M | $1.1B | $1.0B | $580M | — | — |
| Enterprise Value | $1.0B | $1.6B | $1.1B | $649M | $724M | $958M | $904M | $407M | — | — |
| P/E Ratio → | 13.88 | 21.04 | 7.83 | 44.93 | — | 6.17 | 18.50 | 16.35 | — | — |
| P/S Ratio | 2.33 | 3.53 | 3.03 | 2.10 | 3.24 | 6.57 | 5.87 | 3.37 | — | — |
| P/B Ratio | 1.19 | 1.81 | 1.31 | 0.78 | 0.80 | 1.03 | 1.14 | 0.75 | — | — |
| P/FCF | 15.06 | 22.84 | 15.75 | 14.87 | 39.33 | 13.22 | — | 21.43 | — | — |
| P/OCF | 10.67 | 16.18 | 14.53 | 12.25 | 30.60 | 11.61 | — | 17.15 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Opera Limited's enterprise value stands at 9.3x EBITDA, 69% below its 5-year average of 29.7x. The Communication Services sector median is 7.4x, placing the stock at a 26% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.29 | 2.82 | 1.96 | 2.88 | 5.81 | 5.11 | 2.36 | — | — |
| EV / EBITDA | 9.30 | 14.66 | 14.72 | 11.65 | 54.04 | 53.42 | 49.16 | 7.03 | — | — |
| EV / EBIT | 10.87 | 15.98 | 6.98 | 26.89 | — | 25.25 | 20.58 | 9.96 | — | — |
| EV / FCF | — | 21.26 | 14.66 | 13.91 | 35.01 | 11.69 | — | 15.04 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Opera Limited earns an operating margin of 19.2%. Operating margins have expanded from 12.6% to 19.2% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest. ROIC of 8.3% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.4% | 72.4% | 76.5% | 83.5% | 94.5% | 95.0% | 98.6% | 92.3% | 67.0% | 60.3% |
| Operating Margin | 19.2% | 19.2% | 15.8% | 12.6% | -2.5% | -1.5% | -0.3% | 26.3% | 7.9% | -3.1% |
| Net Profit Margin | 16.8% | 16.8% | 38.6% | 4.5% | -17.5% | 108.6% | 32.7% | 20.4% | 4.7% | -14.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 17.0% | 1.6% | -4.3% | 18.3% | 6.9% | 5.2% | 1.1% | -2.8% |
| ROA | 7.8% | 7.8% | 15.5% | 1.5% | -4.0% | 16.5% | 6.1% | 4.8% | 0.9% | -2.5% |
| ROIC | 8.3% | 8.3% | 5.6% | 3.5% | -0.5% | -0.2% | -0.1% | 5.9% | 1.4% | -0.5% |
| ROCE | 9.8% | 9.8% | 6.9% | 4.4% | -0.6% | -0.2% | -0.1% | 6.5% | 1.7% | -0.6% |
Solvency and debt-coverage ratios — lower is generally safer
Opera Limited carries a Debt/EBITDA ratio of 0.1x, which is very conservative (98% below the sector average of 3.6x). The company holds a net cash position — cash of $127M exceeds total debt of $10M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 174.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA | 0.09 | 0.09 | 0.14 | 0.14 | 1.01 | 0.50 | 3.10 | 0.08 | 0.23 | 1.30 |
| Net Debt / Equity | — | -0.12 | -0.09 | -0.05 | -0.09 | -0.12 | -0.15 | -0.22 | -0.05 | -0.04 |
| Net Debt / EBITDA | -1.09 | -1.09 | -1.10 | -0.80 | -6.67 | -6.98 | -7.36 | -2.99 | -1.00 | -2.19 |
| Debt / FCF | — | -1.58 | -1.09 | -0.95 | -4.32 | -1.53 | — | -6.39 | -5.81 | — |
| Interest Coverage | 174.08 | 174.08 | 97.40 | 23.12 | -0.90 | -4.72 | -0.82 | 26.73 | 42.87 | — |
Net cash position: cash ($127M) exceeds total debt ($10M)
Short-term solvency ratios and asset-utilisation metrics
Opera Limited's current ratio of 2.29x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 5.29x to 2.29x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.29 | 2.29 | 2.56 | 5.29 | 7.64 | 4.05 | 3.25 | 7.00 | 2.02 | 1.48 |
| Quick Ratio | 2.29 | 2.29 | 2.56 | 5.29 | 7.64 | 4.05 | 3.19 | 6.57 | 1.95 | 1.41 |
| Cash Ratio | 1.25 | 1.25 | 1.15 | 1.84 | 2.56 | 2.98 | 1.84 | 5.27 | 0.89 | 0.61 |
| Asset Turnover | — | 0.46 | 0.39 | 0.34 | 0.23 | 0.15 | 0.17 | 0.21 | 0.20 | 0.17 |
| Inventory Turnover | — | — | — | — | — | — | 0.33 | 0.91 | 17.68 | 11.15 |
| Days Sales Outstanding | — | 73.95 | 101.12 | 145.01 | 90.75 | 87.63 | 306.55 | 94.47 | 110.27 | 145.47 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Opera Limited returns 3.3% to shareholders annually primarily through dividends. A payout ratio of 46.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.3% | 2.2% | 1.9% | — | — | — | — | — | — | — |
| Payout Ratio | 46.3% | 46.3% | 15.1% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 4.8% | 12.8% | 2.2% | — | 16.2% | 5.4% | 6.1% | — | — |
| FCF Yield | 6.6% | 4.4% | 6.3% | 6.7% | 2.5% | 7.6% | — | 4.7% | — | — |
| Buyback Yield | 0.0% | 0.0% | 2.7% | 21.0% | 0.1% | 4.5% | 0.6% | 0.8% | — | — |
| Total Shareholder Yield | 3.3% | 2.2% | 4.6% | 21.0% | 0.1% | 4.5% | 0.6% | 0.8% | — | — |
| Shares Outstanding | — | $90M | $91M | $110M | $115M | $119M | $112M | $104M | $110M | $110M |
Compare OPRA with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| OPRAYou | $1B | 13.9 | 9.3 | 15.1 | 72.4% | 19.2% | 8.7% | 8.3% | 0.1 |
| NBIS | $23B | 964.7 | — | — | 68.6% | -112.5% | 2.6% | -13.4% | — |
| BIDU | $11B | 13.8 | 3.6 | 5.8 | 50.3% | 16.0% | 8.7% | 4.8% | 2.2 |
| PINS | $1B | 28.8 | 2.0 | 1.1 | 80.1% | 7.6% | 8.8% | 6.2% | 0.7 |
| TRVG | $68M | 16.6 | -6.5 | 17.9 | 97.3% | 0.3% | 5.5% | 1.0% | 6.4 |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonOpera Limited's current P/E ratio is 13.9x. The historical average is 19.1x. This places it at the 33th percentile of its historical range.
Opera Limited's current EV/EBITDA is 9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 29.2x.
Opera Limited's return on equity (ROE) is 8.7%. The historical average is 5.7%.
Based on historical data, Opera Limited is trading at a P/E of 13.9x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Opera Limited's current dividend yield is 3.34% with a payout ratio of 46.3%.
Opera Limited has 72.4% gross margin and 19.2% operating margin. Operating margin between 10-20% is typical for established companies.
Opera Limited's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.