Latest Ratios: P/E Ratio 11.1x · EV/EBITDA 8.2x · ROE N/A. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $396M | $367M | $242M | $293M | $334M | $531M | $316M | $256M | $316M | $255M | $240M |
| Enterprise Value | $304M | $275M | $249M | $259M | $313M | $512M | $248M | $218M | $294M | $315M | $243M |
| P/E Ratio → | 11.08 | 9.95 | — | 11.28 | — | 7.02 | 27.69 | — | — | — | — |
| P/S Ratio | 0.94 | 0.87 | 0.56 | 0.68 | 0.82 | 1.42 | 0.97 | 0.91 | 1.25 | 1.20 | 1.50 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | 1.46 |
| P/FCF | 7.12 | 6.59 | — | 55.72 | 10.93 | 8.19 | 7.77 | 13.84 | 14.82 | 9.18 | — |
| P/OCF | 6.58 | 6.09 | — | 23.48 | 9.57 | 7.93 | 7.49 | 12.57 | 14.12 | 8.74 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.65 | 0.58 | 0.60 | 0.77 | 1.37 | 0.76 | 0.78 | 1.16 | 1.48 | 1.52 |
| EV / EBITDA | 8.25 | 7.44 | — | 4.59 | 19.44 | 14.50 | 9.58 | 9.08 | 10.32 | 13.16 | — |
| EV / EBIT | 9.21 | 4.43 | — | 5.44 | 38.81 | 24.40 | 15.28 | 8.90 | — | — | 124.54 |
| EV / FCF | — | 4.93 | — | 49.29 | 10.25 | 7.90 | 6.11 | 11.79 | 13.77 | 11.35 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 60.4% | 60.4% | 60.9% | 62.3% | 62.8% | 63.6% | 61.4% | 62.6% | 62.0% | 61.0% | 97.9% |
| Operating Margin | 7.8% | 7.8% | -7.5% | 12.4% | 2.0% | 7.2% | 5.5% | 7.9% | 10.5% | 10.3% | -2.1% |
| Net Profit Margin | 8.8% | 8.8% | -8.5% | 6.0% | -0.6% | 20.1% | 3.5% | 7.6% | -26.9% | -25.1% | -1.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | -1.7% |
| ROA | 9.4% | 9.4% | -9.5% | 6.6% | -0.6% | 22.0% | 4.6% | 13.1% | -56.4% | -36.1% | -1.6% |
| ROIC | — | — | — | — | — | — | — | — | — | 193.5% | -1.4% |
| ROCE | 55.0% | 55.0% | -63.1% | 112.4% | 16.2% | 91.8% | — | — | — | 66.6% | -1.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | 0.02 |
| Debt / EBITDA | 0.76 | 0.76 | — | 1.45 | 5.49 | 2.84 | 0.79 | 0.02 | 0.08 | 3.43 | — |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | 0.02 |
| Net Debt / EBITDA | -2.50 | -2.50 | — | -0.60 | -1.28 | -0.54 | -2.61 | -1.58 | -0.79 | 2.51 | — |
| Debt / FCF | — | -1.66 | — | -6.42 | -0.67 | -0.30 | -1.66 | -2.05 | -1.05 | 2.17 | — |
| Interest Coverage | 9.73 | 9.73 | -4.81 | 8.62 | 1.89 | 13.54 | 210.81 | 61.61 | -1.10 | -0.15 | 4.02 |
Net cash position: cash ($120M) exceeds total debt ($28M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.79 | 0.86 | 0.80 | 0.87 | 0.74 | 0.64 | 0.47 | 0.49 | 0.31 |
| Quick Ratio | 0.86 | 0.86 | 0.79 | 0.86 | 0.80 | 0.87 | 0.74 | 0.64 | 0.47 | 0.41 | 0.31 |
| Cash Ratio | 0.35 | 0.35 | 0.27 | 0.37 | 0.37 | 0.36 | 0.30 | 0.15 | 0.10 | 0.10 | 0.00 |
| Asset Turnover | — | 1.00 | 1.16 | 1.10 | 1.05 | 0.96 | 1.12 | 1.35 | 2.13 | 1.74 | 0.92 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 220.65 | 4.59 | — |
| Days Sales Outstanding | — | 118.51 | 113.76 | 103.76 | 105.92 | 135.03 | 133.65 | 147.26 | 117.89 | 109.05 | 126.07 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | — | 2.4% | 5.0% | 5.8% | 0.9% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.0% | 10.1% | — | 8.9% | — | 14.2% | 3.6% | — | — | — | — |
| FCF Yield | 14.0% | 15.2% | — | 1.8% | 9.2% | 12.2% | 12.9% | 7.2% | 6.7% | 10.9% | — |
| Buyback Yield | 1.9% | 2.1% | 0.0% | 0.3% | 1.4% | 0.2% | 1.4% | 0.0% | 0.9% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.9% | 2.1% | 0.0% | 0.3% | 1.4% | 2.6% | 6.4% | 5.8% | 1.8% | 0.0% | 0.0% |
| Shares Outstanding | — | $94M | $91M | $90M | $88M | $89M | $71M | $66M | $61M | $32M | $24M |
Architectural and Legal Obsolescence
As indicated by current market data, RMNI trades at a P/S of 0.94 and a forward EV/EBITDA of 3.61, suggesting that investors are pricing the firm as a declining asset rather than a growth-oriented technology provider, given the persistent negative revenue growth trends observed in recent filings.
The low valuation multiples appear to reflect a market consensus that the company's core third-party maintenance model faces existential threats from cloud migration. While the PEG ratio of 0.57 might suggest undervaluation to a casual observer, it likely fails to account for the structural risk that the addressable market is permanently shrinking.
Based on reported financial statements, RMNI's operating margin has shown extreme volatility, ranging from -47.4% to 39.6% over the last ten quarters, which highlights how recurring litigation-related professional fees frequently overwhelm the underlying 60% gross margin profile of the firm's specialized software support services.
The disparity between gross and operating margins suggests that the company's earning power is structurally impaired by legal overhead rather than operational inefficiency. Investors should monitor whether these expenses remain a permanent fixture of the business model, as they continue to obscure the true profitability of the core subscription revenue.
According to quarterly data, RMNI's DSO has fluctuated between 68 and 100 days, suggesting that the company's ability to convert service delivery into cash is highly sensitive to client payment cycles and the timing of multi-year contract renewals within its enterprise customer base.
The lack of consistent improvement in the cash conversion cycle implies that the company may have limited leverage over its customers, who are likely delaying payments amidst their own internal IT budget pressures. This inefficiency warrants further investigation into whether unbilled receivables are masking potential collection risks.
As reported in recent balance sheet filings, RMNI maintains a current ratio consistently below 1.0, with the 2026Q1 figure of 0.85 signaling that current liabilities exceed current assets, which may constrain the firm's flexibility to navigate unexpected operational shocks or sudden shifts in client retention.
The persistent liquidity shortfall suggests that the company operates with minimal margin for error, leaving it vulnerable to any significant disruption in cash flow. This position appears precarious compared to peers, as the firm lacks the balance sheet strength to absorb prolonged periods of negative free cash flow.
The P/E ratio is the most commonly misapplied metric for RMNI, as it ignores the company's negative equity position and the high probability that current earnings are inflated by non-operating items rather than sustainable growth in the core third-party maintenance business model.
Analysts should instead focus on Free Cash Flow yield and Net Revenue Retention, as these metrics better capture the company's ability to survive the transition to cloud-based software architectures. Relying on P/E multiples risks misinterpreting a defensive, litigation-heavy service provider as a standard software company.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying RMNI stock.
Rimini Street, Inc.'s current P/E ratio is 11.1x. The historical average is 14.0x. This places it at the 50th percentile of its historical range.
Rimini Street, Inc.'s current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.0x.
Based on historical data, Rimini Street, Inc. is trading at a P/E of 11.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rimini Street, Inc. has 60.4% gross margin and 7.8% operating margin.
Rimini Street, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.