PagerDuty, Inc. (PD) Financial Ratios
9 years of historical data (2018–2026) · Technology · Software - Application
EV/EBITDA
146.57
↓-26% vs avg
5yr avg: 198.92
P/FCF
↓
6.08
↓-93% vs avg
5yr avg: 92.29
30Y Low8.8·High33.9
P/B Ratio
↓
2.55
↓-74% vs avg
5yr avg: 9.75
30Y Low3.6·High12.2
ROE
↑
83.0%
↓+723% vs avg
5yr avg: -13.3%
30Y Low-171%·High83%
Debt/EBITDA
70.78
+0% vs avg
5yr avg: 70.78
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
PagerDuty, Inc. trades at 4.0x earnings, 30% below its 5-year average of 5.7x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 86%. On a free-cash-flow basis, the stock trades at 6.1x P/FCF, 93% below the 5-year average of 92.3x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $680M | $986M | $1.7B | $2.2B | $2.6B | $2.8B | $3.9B | $1.5B | — | — |
| Enterprise Value | $856M | $1.2B | $1.8B | $2.3B | $2.7B | $2.7B | $3.8B | $1.4B | — | — |
| P/E Ratio → | 3.96 | 5.67 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.38 | 2.00 | 3.64 | 5.08 | 7.13 | 9.92 | 18.17 | 9.19 | — | — |
| P/B Ratio | 2.55 | 3.64 | 11.51 | 12.22 | 10.92 | 10.45 | 10.58 | 4.96 | — | — |
| P/FCF | 6.08 | 8.81 | 15.72 | 33.94 | 310.69 | — | 739.39 | — | — | — |
| P/OCF | 5.92 | 8.58 | 14.45 | 30.38 | 155.65 | — | 384.31 | — | — | — |
P/E links to full P/E history page with 30-year chart
PD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
PagerDuty, Inc.'s enterprise value stands at 146.6x EBITDA, 26% below its 5-year average of 198.9x. The Technology sector median is 17.5x, placing the stock at a 740% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.36 | 3.90 | 5.30 | 7.20 | 9.77 | 17.75 | 8.44 | — | — |
| EV / EBITDA | 146.57 | 198.92 | — | — | — | — | — | — | — | — |
| EV / EBIT | 146.57 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 10.38 | 16.80 | 35.46 | 313.92 | — | 722.27 | — | — | — |
PD Profitability
Margins and return-on-capital ratios measuring operating efficiency
PagerDuty, Inc. earns an operating margin of 1.2%. Operating margins have expanded from -22.3% to 1.2% over the past 3 years, signaling improving operational efficiency. Return on equity of 83.0% is exceptionally high. ROIC of 1.2% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.9% | 84.9% | 83.0% | 81.9% | 81.0% | 82.8% | 85.6% | 85.2% | 85.4% | 84.0% |
| Operating Margin | 1.2% | 1.2% | -12.8% | -22.3% | -34.9% | -36.1% | -31.0% | -33.4% | -35.9% | -48.1% |
| Net Profit Margin | 35.3% | 35.3% | -9.1% | -19.0% | -34.9% | -38.2% | -32.3% | -30.3% | -34.6% | -47.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 83.0% | 83.0% | -26.1% | -38.8% | -50.8% | -33.9% | -20.4% | -24.4% | -170.7% | — |
| ROA | 18.1% | 18.1% | -4.6% | -9.4% | -15.9% | -13.4% | -11.2% | -15.9% | -29.2% | -46.9% |
| ROIC | 1.2% | 1.2% | -16.5% | -26.4% | -39.3% | -30.4% | -21.6% | -52.0% | — | — |
| ROCE | 0.9% | 0.9% | -9.9% | -16.2% | -23.0% | -16.9% | -14.1% | -25.9% | -60.9% | -125.5% |
PD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
PagerDuty, Inc. carries a Debt/EBITDA ratio of 70.8x, which is highly leveraged (2321% above the sector average of 2.9x). Net debt stands at $176M ($413M total debt minus $237M cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.53 | 1.53 | 3.13 | 2.58 | 1.25 | 1.15 | 0.68 | — | — | — |
| Debt / EBITDA | 70.78 | 70.78 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.65 | 0.79 | 0.55 | 0.11 | -0.16 | -0.24 | -0.40 | -1.23 | — |
| Net Debt / EBITDA | 30.12 | 30.12 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 1.57 | 1.08 | 1.52 | 3.23 | — | -17.12 | — | — | — |
| Interest Coverage | — | — | -6.46 | -14.81 | -23.81 | -18.84 | -6.65 | — | — | -54.58 |
PD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
PagerDuty, Inc.'s current ratio of 2.01x 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 2.50x to 2.01x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.01 | 2.01 | 1.87 | 2.50 | 2.21 | 2.84 | 3.70 | 3.52 | 1.95 | 1.37 |
| Quick Ratio | 2.01 | 2.01 | 1.87 | 2.50 | 2.21 | 2.84 | 3.70 | 3.52 | 1.95 | 1.37 |
| Cash Ratio | 0.78 | 0.78 | 1.55 | 2.03 | 1.76 | 2.39 | 3.24 | 3.05 | 1.44 | 0.87 |
| Asset Turnover | — | 0.50 | 0.50 | 0.47 | 0.45 | 0.35 | 0.27 | 0.38 | 0.60 | 0.98 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 80.35 | 83.81 | 85.10 | 89.92 | 97.64 | 94.21 | 81.46 | 103.90 | 86.58 |
PD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
PagerDuty, Inc. returns 19.8% to shareholders annually primarily through share buybacks. The earnings yield of 25.2% (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 2026 | 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 25.2% | 17.6% | — | — | — | — | — | — | — | — |
| FCF Yield | 16.5% | 11.4% | 6.4% | 2.9% | 0.3% | — | 0.1% | — | — | — |
| Buyback Yield | 19.8% | 13.7% | 5.9% | 2.3% | 1.1% | 0.8% | 0.2% | 0.0% | — | — |
| Total Shareholder Yield | 19.8% | 13.7% | 5.9% | 2.3% | 1.1% | 0.8% | 0.2% | 0.0% | — | — |
| Shares Outstanding | — | $93M | $92M | $92M | $89M | $85M | $80M | $66M | $74M | $60M |
Peer Comparison
Compare PD 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 |
|---|---|---|---|---|---|---|---|---|---|
 PDYou | $680M | 4.0 | 146.6 | 6.1 | 84.9% | 1.2% | 83.0% | 1.2% | 70.8 |
 DDOG | $67B | 629.1 | 874.0 | 67.1 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 |
 DT | $12B | 25.4 | 49.0 | 27.9 | 81.2% | 10.6% | 20.9% | 9.0% | 0.3 |
 FIVN | $2B | 48.3 | 16.8 | 8.4 | 54.7% | 2.8% | 5.6% | 1.7% | 6.2 |
 NOW | $97B | 56.0 | 37.6 | 21.2 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 ESTC | $5B | -49.6 | — | 20.8 | 74.4% | -3.7% | -13.0% | -5.2% | — |
 AMZN | $2.9T | 37.8 | 20.5 | 379.0 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 MSFT | $3.1T | 30.9 | 19.7 | 43.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOGL | $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 TWLO | $30B | 938.4 | 77.2 | 28.9 | 48.0% | 3.4% | 0.4% | 1.6% | 2.8 |
 CFLT | $11B | -36.0 | — | 175.6 | 74.3% | -32.6% | -27.7% | -15.8% | — |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
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Quick answers to the most common questions about buying PD stock.
What is PagerDuty, Inc.'s P/E ratio?
PagerDuty, Inc.'s current P/E ratio is 4.0x. The historical average is 5.7x.
What is PagerDuty, Inc.'s EV/EBITDA?
PagerDuty, Inc.'s current EV/EBITDA is 146.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is PagerDuty, Inc.'s ROE?
PagerDuty, Inc.'s return on equity (ROE) is 83.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -35.3%.
Is PD stock overvalued?
Based on historical data, PagerDuty, Inc. is trading at a P/E of 4.0x. Compare with industry peers and growth rates for a complete picture.
What are PagerDuty, Inc.'s profit margins?
PagerDuty, Inc. has 84.9% gross margin and 1.2% operating margin.
How much debt does PagerDuty, Inc. have?
PagerDuty, Inc.'s Debt/EBITDA ratio is 70.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.