OneSpan Inc. (OSPN) P/E Ratio History
Deep ValueTrading at 9.5x · 15th percentile of 5-year range · Significant discount to historical valuation · Data 2003–2026
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P/E Ratio Analysis
As of September 23, 2026, OneSpan Inc. (OSPN) trades at a price-to-earnings ratio of 9.5x, with a stock price of $18.01 and trailing twelve-month earnings per share of $1.79.
The current P/E is 86% below its 5-year average of 69.6x. Over the past five years, OSPN's P/E has ranged from a low of 5.8x to a high of 525.3x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Technology sector median P/E of 30.2x, OSPN trades at a 69% discount to its sector peers. The sector includes 367 companies with P/E ratios ranging from 0.0x to 198.6x.
Relative to the broader market, OSPN trades at a notable discount to the S&P 500 median P/E of 25.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our OSPN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
OSPN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
OSPN P/E vs Peers
Cybersecurity and identity management peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $7B | 34.0 | 1.75 | +17% | |
| $2B | 384.6 | - | +115% | |
| $3B | 20.6 | - | -8% | |
| $17B | 56.0 | - | +183% | |
| $5B | 11.5Lowest | 0.90Best | +132% | |
| $7B | 42.0 | 1.64 | +16% | |
| $3.7T | 27.9 | 1.60 | +32% | |
| $34B | 156.8 | - | +2083%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
OSPN Historical P/E Data (2003–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | - | $14.35 | $1.78 | 8.1x | -81% |
| FY2026 Q1 | - | $10.53 | $1.81 | 5.8x | -86% |
| FY2025 Q4 | Dec 31 2025 | $12.84 | $1.88 | 6.8x | -84% |
| FY2025 Q3 | - | $15.89 | $1.47 | 10.8x | -74% |
| FY2025 Q2 | Jun 30 2025 | $16.69 | $1.51 | 11.1x | -73% |
| FY2025 Q1 | Mar 31 2025 | $15.25 | $1.47 | 10.4x | -75% |
| FY2024 Q4 | - | $18.54 | $1.45 | 12.8x | -69% |
| FY2024 Q3 | Sep 30 2024 | $16.67 | $0.74 | 22.5x | -46% |
| FY2024 Q2 | Jun 30 2024 | $12.82 | $0.43 | 29.7x | -29% |
| FY2020 Q3 | Sep 30 2020 | $20.96 | $0.04 | 525.3x | +1162% |
| FY2020 Q2 | - | $27.93 | $0.38 | 73.2x | +76% |
| FY2020 Q1 | - | $18.15 | $0.37 | 48.9x | +18% |
| FY2019 Q4 | - | $17.12 | $0.23 | 74.9x | +80% |
| FY2019 Q3 | Sep 30 2019 | $14.50 | $0.20 | 73.0x | +75% |
| FY2018 Q4 | Dec 31 2018 | $12.95 | $0.09 | 140.5x | +237% |
| FY2017 Q3 | Sep 30 2017 | $12.05 | $0.21 | 56.6x | +36% |
| FY2017 Q2 | Jun 30 2017 | $14.35 | $0.15 | 93.9x | +126% |
| FY2017 Q1 | Mar 31 2017 | $13.50 | $0.22 | 61.4x | +47% |
| FY2016 Q4 | Dec 31 2016 | $13.65 | $0.27 | 50.6x | +21% |
| FY2016 Q3 | Sep 30 2016 | $17.61 | $0.23 | 76.6x | +84% |
| FY2016 Q2 | - | $16.39 | $0.50 | 32.8x | -21% |
| FY2016 Q1 | - | $15.40 | $0.78 | 19.7x | -53% |
| FY2015 Q4 | - | $16.73 | $1.06 | 15.8x | -62% |
| FY2015 Q3 | Sep 30 2015 | $17.04 | $1.27 | 13.4x | -68% |
| FY2015 Q2 | - | $30.19 | $1.27 | 23.8x | -43% |
| FY2015 Q1 | - | $21.54 | $1.09 | 19.8x | -53% |
| FY2014 Q4 | Dec 31 2014 | $28.21 | $0.84 | 33.6x | -19% |
| FY2014 Q3 | - | $18.78 | $0.62 | 30.3x | -27% |
| FY2014 Q2 | Jun 30 2014 | $11.60 | $0.42 | 27.6x | -34% |
| FY2014 Q1 | Mar 31 2014 | $7.54 | $0.30 | 25.1x | -40% |
| FY2013 Q4 | - | $7.73 | $0.28 | 27.6x | -34% |
| FY2013 Q3 | Sep 30 2013 | $7.89 | $0.25 | 31.6x | -24% |
| FY2013 Q2 | Jun 30 2013 | $8.31 | $0.29 | 28.7x | -31% |
| FY2013 Q1 | Mar 31 2013 | $8.44 | $0.42 | 20.1x | -52% |
| FY2012 Q4 | Dec 31 2012 | $8.16 | $0.40 | 20.4x | -51% |
| FY2012 Q3 | Sep 30 2012 | $9.38 | $0.63 | 14.9x | -64% |
| FY2012 Q2 | Jun 30 2012 | $8.18 | $0.57 | 14.4x | -66% |
| FY2012 Q1 | Mar 31 2012 | $10.79 | $0.46 | 23.5x | -44% |
| FY2011 Q4 | Dec 31 2011 | $6.52 | $0.47 | 13.9x | -67% |
| FY2011 Q3 | Sep 30 2011 | $5.11 | $0.37 | 13.8x | -67% |
| FY2011 Q2 | - | $12.45 | $0.37 | 33.6x | -19% |
| FY2011 Q1 | - | $13.73 | $0.33 | 41.6x | -0% |
| FY2010 Q4 | Dec 31 2010 | $8.13 | $0.28 | 29.0x | -30% |
| FY2010 Q3 | - | $6.50 | $0.23 | 28.3x | -32% |
| FY2010 Q2 | Jun 30 2010 | $6.17 | $0.21 | 29.4x | -29% |
| FY2010 Q1 | Mar 31 2010 | $8.25 | $0.23 | 35.9x | -14% |
| FY2009 Q4 | - | $6.28 | $0.31 | 20.3x | -51% |
| FY2009 Q3 | Sep 30 2009 | $7.42 | $0.26 | 29.1x | -30% |
| FY2009 Q2 | - | $7.31 | $0.46 | 16.1x | -61% |
| FY2009 Q1 | - | $5.77 | $0.61 | 9.5x | -77% |
| FY2008 Q4 | Dec 31 2008 | $10.33 | $0.65 | 16.0x | -62% |
| FY2008 Q3 | - | $10.36 | $0.66 | 15.7x | -62% |
| FY2008 Q2 | Jun 30 2008 | $10.53 | $0.57 | 18.5x | -55% |
| FY2008 Q1 | Mar 31 2008 | $13.68 | $0.55 | 25.0x | -40% |
| FY2007 Q4 | Dec 31 2007 | $27.92 | $0.55 | 50.9x | +22% |
| FY2007 Q3 | Sep 30 2007 | $35.31 | $0.60 | 58.9x | +41% |
| FY2007 Q2 | Jun 30 2007 | $22.76 | $0.54 | 42.1x | +1% |
| FY2007 Q1 | Mar 31 2007 | $17.87 | $0.44 | 40.6x | -2% |
| FY2006 Q4 | Dec 31 2006 | $11.85 | $0.34 | 34.9x | -16% |
| FY2006 Q3 | Sep 30 2006 | $10.36 | $0.28 | 36.6x | -12% |
| FY2006 Q2 | Jun 30 2006 | $8.35 | $0.24 | 34.4x | -17% |
| FY2006 Q1 | Mar 31 2006 | $8.18 | $0.20 | 40.4x | -3% |
| FY2005 Q4 | Dec 31 2005 | $9.86 | $0.21 | 46.4x | +11% |
| FY2005 Q3 | Sep 30 2005 | $9.07 | $0.15 | 62.2x | +49% |
| FY2005 Q2 | - | $9.70 | $0.13 | 77.1x | +85% |
| FY2005 Q1 | - | $6.28 | $0.11 | 56.6x | +36% |
| FY2004 Q4 | Dec 31 2004 | $6.62 | $0.09 | 72.7x | +75% |
| FY2004 Q3 | - | $2.17 | $0.08 | 25.9x | -38% |
| FY2004 Q2 | Jun 30 2004 | $2.15 | $0.09 | 23.1x | -44% |
| FY2004 Q1 | Mar 31 2004 | $2.10 | $0.08 | 27.0x | -35% |
| FY2003 Q4 | Dec 31 2003 | $2.34 | $0.07 | 34.5x | -17% |
Average P/E for displayed period: 41.6x
OSPN Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
23+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
OSPN — Frequently Asked Questions
Quick answers to the most common questions about buying OSPN stock.
What is OSPN's P/E ratio?
OneSpan Inc. (OSPN) trailing twelve-month P/E ratio is 9.5x, based on TTM diluted EPS of $1.79. The 5-year average P/E is 69.6x and the historical range spans 5.8x to 525.3x.
Is OSPN stock overvalued or undervalued?
OSPN trades at 9.5x P/E, below its 5-year average of 69.6x. At the 15th percentile of its historical range (5.8x–525.3x), the stock is priced at a discount to its own history.
Is OSPN stock expensive?
No, OSPN is not expensive on a historical basis. The current P/E of 9.5x is below the 5-year average of 69.6x and sits at the 15th percentile of its valuation range.
What is OSPN's historical P/E range?
Over the past 5 years, OSPN's P/E ratio has ranged from 5.8x to 525.3x, with a median of 50.6x and an average of 69.6x. The current P/E of 9.5x places the stock at the 15th percentile of this range. Full historical data spans 2003–2026.
How does OSPN's P/E compare to the S&P 500?
OSPN trades at 9.5x P/E versus the S&P 500 median of 25.3x. The 62% discount to the market suggests lower growth expectations or perceived higher risk.
How does OSPN's valuation compare to Technology peers?
OneSpan Inc. P/E of 9.5x compares to the Technology sector median of 30.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is OSPN's PEG ratio?
OSPN PEG ratio is N/A, based on a P/E of 9.5x and EPS growth of 30.1%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is OSPN's earnings yield?
OSPN earnings yield is 10.55%, the inverse of its 9.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.