OSI Systems, Inc. (OSIS) Financial Ratios
28 years of historical data (1998–2025) · Technology · Hardware, Equipment & Parts
EV/EBITDA
↑
16.27
↑+21% vs avg
5yr avg: 13.49
30Y Low4.6·High71.8
P/FCF
↑
65.46
↑+60% vs avg
5yr avg: 41.03
30Y Low12.2·High68.9
P/B Ratio
↑
4.02
↑+35% vs avg
5yr avg: 2.99
30Y Low0.5·High4.1
ROE
↑
16.5%
↓+8% vs avg
5yr avg: 15.3%
30Y Low-7%·High18%
Debt/EBITDA
↑
2.61
+13% vs avg
5yr avg: 2.32
30Y Low0.0·High5.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OSIS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
OSI Systems, Inc. trades at 25.6x earnings, 22% above its 5-year average of 21.0x, sitting at the 46th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 12%. On a free-cash-flow basis, the stock trades at 65.5x P/FCF, 60% above the 5-year average of 41.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $3.9B | $2.4B | $2.0B | $1.5B | $1.9B | $1.4B | $2.1B | $1.4B | $1.5B | $1.2B |
| Enterprise Value | $4.2B | $4.4B | $2.8B | $2.3B | $1.9B | $2.1B | $1.7B | $2.4B | $1.7B | $1.7B | $1.2B |
| P/E Ratio → | 25.58 | 25.82 | 18.63 | 22.07 | 13.25 | 25.22 | 18.43 | 32.55 | — | 70.23 | 44.72 |
| P/S Ratio | 2.14 | 2.25 | 1.55 | 1.58 | 1.29 | 1.63 | 1.19 | 1.78 | 1.32 | 1.54 | 1.41 |
| P/B Ratio | 4.02 | 4.06 | 2.76 | 2.79 | 2.39 | 2.92 | 2.43 | 3.82 | 2.94 | 2.60 | 2.16 |
| P/FCF | 65.46 | 68.86 | — | 32.38 | 45.82 | 17.06 | 14.65 | 23.72 | 16.44 | 36.50 | 32.73 |
| P/OCF | 37.63 | 39.58 | — | 21.36 | 23.93 | 13.44 | 10.75 | 17.70 | 10.80 | 23.57 | 19.71 |
P/E links to full P/E history page with 30-year chart
OSIS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
OSI Systems, Inc.'s enterprise value stands at 16.3x EBITDA, 21% above its 5-year average of 13.5x. This is roughly in line with the Technology sector median of 16.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.59 | 1.85 | 1.83 | 1.57 | 1.82 | 1.43 | 2.00 | 1.58 | 1.72 | 1.44 |
| EV / EBITDA | 16.27 | 17.00 | 12.30 | 13.47 | 11.57 | 13.12 | 10.78 | 16.13 | 13.66 | 16.31 | 12.42 |
| EV / EBIT | 19.53 | 20.52 | 15.04 | 17.31 | 14.35 | 18.11 | 15.90 | 21.89 | 30.58 | 46.82 | 31.20 |
| EV / FCF | — | 79.13 | — | 37.43 | 55.70 | 19.07 | 17.60 | 26.53 | 19.63 | 40.88 | 33.55 |
OSIS Profitability
Margins and return-on-capital ratios measuring operating efficiency
OSI Systems, Inc. earns an operating margin of 12.7%. Operating margins have expanded from 10.6% to 12.7% over the past 3 years, signaling improving operational efficiency. ROE of 16.5% indicates solid capital efficiency. ROIC of 11.5% 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 | 34.3% | 34.3% | 34.5% | 33.7% | 35.9% | 36.6% | 36.1% | 36.4% | 36.0% | 33.7% | 33.4% |
| Operating Margin | 12.7% | 12.7% | 12.3% | 10.6% | 10.3% | 10.1% | 9.0% | 7.6% | 5.1% | 3.5% | 4.6% |
| Net Profit Margin | 8.7% | 8.7% | 8.3% | 7.2% | 9.7% | 6.5% | 6.5% | 5.5% | -2.7% | 2.2% | 3.2% |
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% | 16.1% | 13.5% | 18.0% | 12.2% | 13.4% | 12.4% | -5.5% | 3.8% | 4.7% |
| ROA | 7.2% | 7.2% | 7.3% | 6.1% | 8.2% | 5.6% | 5.9% | 5.1% | -2.3% | 1.9% | 2.7% |
| ROIC | 11.5% | 11.5% | 12.0% | 10.1% | 10.0% | 10.1% | 9.5% | 8.6% | 5.5% | 3.8% | 5.2% |
| ROCE | 16.3% | 16.3% | 18.0% | 14.9% | 13.0% | 11.7% | 11.5% | 10.6% | 6.6% | 4.4% | 5.7% |
OSIS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
OSI Systems, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (11% below the sector average of 2.9x). Net debt stands at $576M ($682M total debt minus $106M cash). Interest coverage of 6.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.72 | 0.72 | 0.64 | 0.54 | 0.62 | 0.47 | 0.62 | 0.63 | 0.74 | 0.61 | 0.25 |
| Debt / EBITDA | 2.61 | 2.61 | 2.39 | 2.26 | 2.45 | 1.89 | 2.30 | 2.37 | 2.90 | 3.42 | 1.39 |
| Net Debt / Equity | — | 0.61 | 0.53 | 0.44 | 0.52 | 0.34 | 0.49 | 0.45 | 0.57 | 0.31 | 0.05 |
| Net Debt / EBITDA | 2.21 | 2.21 | 1.98 | 1.82 | 2.05 | 1.38 | 1.81 | 1.71 | 2.22 | 1.75 | 0.31 |
| Debt / FCF | — | 10.27 | — | 5.06 | 9.88 | 2.01 | 2.95 | 2.81 | 3.19 | 4.38 | 0.83 |
| Interest Coverage | 6.39 | 6.39 | 6.79 | 6.75 | 14.43 | 6.90 | 5.59 | 4.99 | 2.91 | 3.68 | 13.32 |
OSIS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
OSI Systems, Inc.'s current ratio of 2.04x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.46x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.47x to 2.04x 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 | 2.04 | 2.04 | 1.49 | 1.47 | 1.22 | 2.06 | 1.87 | 1.68 | 1.47 | 1.89 | 1.51 |
| Quick Ratio | 1.46 | 1.46 | 1.00 | 0.88 | 0.67 | 1.20 | 1.14 | 0.96 | 0.76 | 1.17 | 0.77 |
| Cash Ratio | 0.15 | 0.15 | 0.12 | 0.13 | 0.10 | 0.23 | 0.23 | 0.25 | 0.19 | 0.49 | 0.28 |
| Asset Turnover | — | 0.76 | 0.79 | 0.82 | 0.82 | 0.83 | 0.92 | 0.93 | 0.87 | 0.78 | 0.84 |
| Inventory Turnover | 2.77 | 2.77 | 2.53 | 2.51 | 2.27 | 2.47 | 3.09 | 2.75 | 2.22 | 2.57 | 2.02 |
| Days Sales Outstanding | — | 178.49 | 153.75 | 108.73 | 95.00 | 95.80 | 84.47 | 73.62 | 70.62 | 78.45 | 62.35 |
OSIS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
OSI Systems, Inc. returns 2.2% to shareholders annually primarily through share buybacks. The earnings yield of 3.9% (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 | 3.9% | 3.9% | 5.4% | 4.5% | 7.5% | 4.0% | 5.4% | 3.1% | — | 1.4% | 2.2% |
| FCF Yield | 1.5% | 1.5% | — | 3.1% | 2.2% | 5.9% | 6.8% | 4.2% | 6.1% | 2.7% | 3.1% |
| Buyback Yield | 2.2% | 2.1% | 0.0% | 1.7% | 7.3% | 2.0% | 3.7% | 1.0% | 4.4% | 3.3% | 6.3% |
| Total Shareholder Yield | 2.2% | 2.1% | 0.0% | 1.7% | 7.3% | 2.0% | 3.7% | 1.0% | 4.4% | 3.3% | 6.3% |
| Shares Outstanding | — | $17M | $17M | $17M | $18M | $18M | $19M | $19M | $19M | $20M | $20M |
Peer Comparison
Compare OSIS 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 |
|---|---|---|---|---|---|---|---|---|---|
 OSISYou | $4B | 25.6 | 16.3 | 65.5 | 34.3% | 12.7% | 16.5% | 11.5% | 2.6 |
 SAIC | $4B | 13.3 | 10.2 | 7.5 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 LDOS | $13B | 9.6 | 7.6 | 8.3 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 CACI | $10B | 20.9 | 14.1 | 21.4 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 BAH | $8B | 9.6 | 9.0 | 8.4 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 TDY | $29B | 32.8 | 20.9 | 26.7 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 MRCY | $7B | -175.2 | 114.9 | 57.4 | 27.9% | -2.2% | -2.6% | -0.8% | 10.3 |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 AVAV | $8B | 109.4 | 103.8 | — | 39.4% | 5.0% | 5.1% | 3.6% | 0.8 |
 DRS | $12B | 44.7 | 27.5 | 54.2 | 23.2% | 9.5% | 10.5% | 10.5% | 1.1 |
 LHX | $55B | 34.6 | 18.8 | 20.5 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
| 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 · 28 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
OSIS — Frequently Asked Questions
Quick answers to the most common questions about buying OSIS stock.
What is OSI Systems, Inc.'s P/E ratio?
OSI Systems, Inc.'s current P/E ratio is 25.6x. The historical average is 31.8x. This places it at the 46th percentile of its historical range.
What is OSI Systems, Inc.'s EV/EBITDA?
OSI Systems, Inc.'s current EV/EBITDA is 16.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.0x.
What is OSI Systems, Inc.'s ROE?
OSI Systems, Inc.'s return on equity (ROE) is 16.5%. The historical average is 7.4%.
Is OSIS stock overvalued?
Based on historical data, OSI Systems, Inc. is trading at a P/E of 25.6x. This is at the 46th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are OSI Systems, Inc.'s profit margins?
OSI Systems, Inc. has 34.3% gross margin and 12.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does OSI Systems, Inc. have?
OSI Systems, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.