Perion Network Ltd. (PERI) Financial Ratios
24 years of historical data (2002–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↑
73.88
↑+161% vs avg
5yr avg: 28.34
30Y Low2.8·High86.5
P/FCF
↓
9.21
↓-99% vs avg
5yr avg: 1261.65
30Y Low2.3·High107.8
P/B Ratio
↓
0.53
↓-64% vs avg
5yr avg: 1.47
30Y Low0.5·High17.7
ROE
↓
-1.1%
↑-112% vs avg
5yr avg: 9.8%
30Y Low-42%·High211%
Debt/EBITDA
↑
10.35
↑+317% vs avg
5yr avg: 2.48
30Y Low0.0·High10.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PERI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Perion Network Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 99% below the 5-year average of 1261.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $351M | $403M | $420M | $1.5B | $1.2B | $910M | $367M | $164M | $67M | $80M | $110M |
| Enterprise Value | $303M | $355M | $286M | $1.4B | $1.1B | $819M | $354M | $170M | $69M | $109M | $164M |
| P/E Ratio → | -44.79 | — | 33.88 | 13.19 | 12.28 | 23.58 | 35.36 | 12.69 | 8.39 | — | 38.73 |
| P/S Ratio | 0.80 | 0.92 | 0.84 | 2.08 | 1.90 | 1.90 | 1.12 | 0.63 | 0.27 | 0.29 | 0.35 |
| P/B Ratio | 0.53 | 0.60 | 0.58 | 2.15 | 2.09 | 1.95 | 1.99 | 0.99 | 0.45 | 0.58 | 0.53 |
| P/FCF | 9.21 | 10.57 | 6264.74 | 10.00 | 10.05 | 12.91 | 16.89 | 3.77 | 2.31 | 2.79 | 4.50 |
| P/OCF | 8.38 | 9.62 | 60.49 | 9.94 | 9.96 | 12.80 | 16.54 | 3.66 | 2.05 | 2.22 | 3.62 |
P/E links to full P/E history page with 30-year chart
PERI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Perion Network Ltd.'s enterprise value stands at 73.9x EBITDA, 161% above its 5-year average of 28.3x. The Communication Services sector median is 9.6x, placing the stock at a 668% premium 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 | — | 0.81 | 0.57 | 1.84 | 1.64 | 1.71 | 1.08 | 0.65 | 0.27 | 0.40 | 0.52 |
| EV / EBITDA | 73.88 | 86.53 | 21.34 | 10.64 | 8.54 | 14.67 | 15.96 | 6.13 | 2.81 | — | 4.40 |
| EV / EBIT | — | — | 52.95 | 10.10 | 9.24 | 18.02 | 28.89 | 9.44 | 4.62 | — | 16.97 |
| EV / FCF | — | 9.29 | 4265.84 | 8.83 | 8.67 | 11.62 | 16.31 | 3.90 | 2.36 | 3.80 | 6.69 |
PERI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Perion Network Ltd. earns an operating margin of -3.1%, below the Communication Services sector average of 1.6%. Operating margins have compressed from 15.4% to -3.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -1.1% indicates the company is currently destroying shareholder equity.
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 | 30.5% | 30.5% | 33.2% | 36.6% | 37.1% | 34.5% | 32.9% | 38.3% | 39.8% | 43.2% | 49.9% |
| Operating Margin | -3.1% | -3.1% | -0.6% | 15.4% | 17.0% | 9.6% | 3.7% | 6.9% | 5.8% | -27.6% | 3.6% |
| Net Profit Margin | -1.8% | -1.8% | 2.5% | 15.5% | 15.5% | 8.1% | 3.1% | 4.9% | 3.2% | -26.6% | 0.1% |
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 | -1.1% | -1.1% | 1.8% | 17.7% | 18.9% | 11.9% | 5.9% | 8.2% | 5.7% | -42.0% | 0.1% |
| ROA | -0.9% | -0.9% | 1.3% | 11.8% | 12.5% | 7.2% | 3.2% | 4.8% | 3.1% | -22.6% | 0.0% |
| ROIC | -1.7% | -1.7% | -0.4% | 17.9% | 20.6% | 12.6% | 5.4% | 8.4% | 6.9% | -26.4% | 3.1% |
| ROCE | -1.8% | -1.8% | -0.4% | 16.6% | 18.9% | 12.1% | 5.6% | 9.5% | 7.9% | -31.9% | 3.7% |
PERI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Perion Network Ltd. carries a Debt/EBITDA ratio of 10.3x, which is highly leveraged (187% above the sector average of 3.6x). The company holds a net cash position — cash of $91M exceeds total debt of $42M, 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 | 0.06 | 0.06 | 0.03 | 0.01 | 0.02 | 0.03 | 0.19 | 0.27 | 0.27 | 0.44 | 0.37 |
| Debt / EBITDA | 10.35 | 10.35 | 1.66 | 0.06 | 0.09 | 0.24 | 1.58 | 1.60 | 1.66 | — | 2.08 |
| Net Debt / Equity | — | -0.07 | -0.19 | -0.25 | -0.28 | -0.19 | -0.07 | 0.04 | 0.01 | 0.21 | 0.26 |
| Net Debt / EBITDA | -11.91 | -11.91 | -10.00 | -1.40 | -1.35 | -1.63 | -0.57 | 0.22 | 0.06 | — | 1.44 |
| Debt / FCF | — | -1.28 | -1998.90 | -1.16 | -1.37 | -1.29 | -0.58 | 0.14 | 0.05 | 1.02 | 2.19 |
| Interest Coverage | — | — | 8.30 | 378.83 | 500.72 | 76.75 | 8.55 | 5.86 | 3.26 | -15.22 | 1.39 |
Net cash position: cash ($91M) exceeds total debt ($42M)
PERI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Perion Network Ltd.'s current ratio of 2.76x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.14x to 2.76x 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 | 2.76 | 2.76 | 3.47 | 2.14 | 2.57 | 2.30 | 1.23 | 1.38 | 1.35 | 1.40 | 1.31 |
| Quick Ratio | 2.76 | 2.76 | 3.47 | 2.14 | 2.57 | 2.30 | 1.23 | 1.38 | 1.35 | 1.40 | 1.31 |
| Cash Ratio | 1.67 | 1.67 | 2.31 | 1.39 | 1.84 | 1.66 | 0.50 | 0.74 | 0.56 | 0.46 | 0.37 |
| Asset Turnover | — | 0.48 | 0.54 | 0.69 | 0.74 | 0.67 | 0.91 | 0.92 | 0.99 | 1.00 | 0.85 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 999999.00 |
| Days Sales Outstanding | — | 155.87 | 120.39 | 113.72 | 91.49 | 88.00 | 90.37 | 68.54 | 80.20 | 83.70 | 83.25 |
PERI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Perion Network Ltd. returns 20.3% to shareholders annually primarily through share buybacks.
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 | — | — | 3.0% | 7.6% | 8.1% | 4.2% | 2.8% | 7.9% | 11.9% | — | 2.6% |
| FCF Yield | 10.9% | 9.5% | 0.0% | 10.0% | 10.0% | 7.7% | 5.9% | 26.6% | 43.2% | 35.9% | 22.2% |
| Buyback Yield | 20.3% | 17.7% | 11.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 20.3% | 17.7% | 11.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $42M | $50M | $50M | $48M | $38M | $29M | $26M | $26M | $26M | $26M |
Peer Comparison
Compare PERI 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 |
|---|---|---|---|---|---|---|---|---|---|
 PERIYou | $351M | -44.8 | 73.9 | 9.2 | 30.5% | -3.1% | -1.1% | -1.7% | 10.3 |
 MGNI | $3B | 18.8 | 15.1 | 15.5 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 PUBM | $528M | -36.5 | 16.1 | 7.9 | 63.6% | -6.1% | -5.4% | -6.8% | 1.7 |
 DV | $2B | 34.4 | 10.5 | 9.2 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
 IAS | $2B | 45.0 | 13.7 | 22.4 | 78.5% | 11.4% | 3.9% | 4.6% | 0.5 |
 CRTO | $876M | 6.6 | 2.1 | 4.2 | 54.0% | 10.4% | 12.8% | 16.1% | 0.5 |
 TTD | $9B | 20.3 | 12.0 | 10.9 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 APPS | $1B | -26.1 | — | 92.9 | 48.6% | 6.0% | -21.8% | 4.8% | — |
 KNTK | $3B | 17.7 | 12.9 | 43.0 | 18.4% | 9.3% | 6.0% | 1.9% | 7.1 |
 BMBL | $345M | -0.4 | 2.7 | 1.4 | 68.3% | 26.3% | -69.6% | 13.4% | 2.1 |
 VNET | $2B | -65.8 | 13.7 | — | 22.0% | 7.6% | -3.2% | 2.1% | 10.0 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
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PERI — Frequently Asked Questions
Quick answers to the most common questions about buying PERI stock.
What is Perion Network Ltd.'s P/E ratio?
Perion Network Ltd.'s current P/E ratio is -44.8x. The historical average is 16.7x.
What is Perion Network Ltd.'s EV/EBITDA?
Perion Network Ltd.'s current EV/EBITDA is 73.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 29.0x.
What is Perion Network Ltd.'s ROE?
Perion Network Ltd.'s return on equity (ROE) is -1.1%. The historical average is 25.0%.
Is PERI stock overvalued?
Based on historical data, Perion Network Ltd. is trading at a P/E of -44.8x. Compare with industry peers and growth rates for a complete picture.
What are Perion Network Ltd.'s profit margins?
Perion Network Ltd. has 30.5% gross margin and -3.1% operating margin.
How much debt does Perion Network Ltd. have?
Perion Network Ltd.'s Debt/EBITDA ratio is 10.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.