Sapiens International Corporation N.V. (SPNS) Financial Ratios
29 years of historical data (1996–2024) · Technology · Software - Application
EV/EBITDA
↓
22.11
↑+20% vs avg
5yr avg: 18.39
30Y Low0.5·High34.5
P/FCF
↓
33.63
↑+24% vs avg
5yr avg: 27.06
30Y Low1.7·High45.1
P/B Ratio
↓
5.09
↑+40% vs avg
5yr avg: 3.63
30Y Low0.4·High18.5
ROE
↑
15.5%
↓+17% vs avg
5yr avg: 13.2%
30Y Low-121%·High36%
Debt/EBITDA
↓
0.61
↓-61% vs avg
5yr avg: 1.54
30Y Low0.0·High13.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SPNS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sapiens International Corporation N.V. trades at 33.7x earnings, 10% above its 5-year average of 30.7x, sitting at the 61st percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 16%. On a free-cash-flow basis, the stock trades at 33.6x P/FCF, 24% above the 5-year average of 27.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $1.5B | $1.6B | $1.0B | $1.9B | $1.6B | $1.2B | $553M | $575M | $714M | $503M |
| Enterprise Value | $2.3B | $1.4B | $1.6B | $983M | $1.9B | $1.6B | $1.2B | $567M | $582M | $668M | $462M |
| P/E Ratio → | 33.68 | 20.83 | 25.84 | 19.45 | 40.53 | 47.09 | 44.23 | 39.39 | 1645.71 | 36.77 | 24.88 |
| P/S Ratio | 4.48 | 2.78 | 3.13 | 2.16 | 4.15 | 4.17 | 3.58 | 1.91 | 2.14 | 3.30 | 2.71 |
| P/B Ratio | 5.09 | 3.15 | 3.58 | 2.55 | 4.69 | 4.16 | 5.17 | 2.73 | 2.85 | 3.66 | 2.75 |
| P/FCF | 33.63 | 20.89 | 22.99 | 29.57 | 27.88 | 33.96 | 23.77 | 26.79 | 1038.17 | 45.09 | 15.93 |
| P/OCF | 29.54 | 18.35 | 20.30 | 23.46 | 23.78 | 27.41 | 17.61 | 19.95 | 65.78 | 27.41 | 12.44 |
P/E links to full P/E history page with 30-year chart
SPNS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sapiens International Corporation N.V.'s enterprise value stands at 22.1x EBITDA, 20% above its 5-year average of 18.4x. The Technology sector median is 16.7x, placing the stock at a 33% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.60 | 3.06 | 2.07 | 4.06 | 4.23 | 3.74 | 1.96 | 2.16 | 3.09 | 2.49 |
| EV / EBITDA | 22.11 | 13.38 | 16.64 | 11.86 | 23.87 | 26.22 | 21.39 | 13.21 | 34.49 | 19.15 | 13.59 |
| EV / EBIT | 25.49 | 15.62 | 19.86 | 14.79 | 29.67 | 34.80 | 31.97 | 24.61 | 386.94 | 26.88 | 18.97 |
| EV / FCF | — | 19.51 | 22.42 | 28.31 | 27.27 | 34.48 | 24.87 | 27.47 | 1050.47 | 42.18 | 14.62 |
SPNS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sapiens International Corporation N.V. earns an operating margin of 16.8%. Operating margins have expanded from 14.0% to 16.8% over the past 3 years, signaling improving operational efficiency. ROE of 15.5% indicates solid capital efficiency. ROIC of 17.4% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.0% | 45.0% | 42.7% | 42.2% | 40.7% | 40.7% | 39.8% | 37.8% | 34.7% | 39.7% | 40.1% |
| Operating Margin | 16.8% | 16.8% | 15.3% | 14.0% | 12.5% | 11.8% | 11.6% | 7.9% | 0.4% | 11.5% | 13.1% |
| Net Profit Margin | 13.3% | 13.3% | 12.1% | 11.1% | 10.2% | 8.8% | 8.1% | 4.8% | 0.1% | 8.9% | 10.8% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 15.5% | 14.6% | 13.0% | 11.9% | 11.1% | 12.3% | 6.8% | 0.2% | 10.2% | 11.1% |
| ROA | 10.5% | 10.5% | 9.2% | 7.6% | 6.6% | 5.8% | 6.3% | 3.7% | 0.1% | 7.7% | 8.5% |
| ROIC | 17.4% | 17.4% | 15.4% | 13.7% | 11.1% | 9.8% | 11.5% | 8.1% | 0.4% | 12.8% | 12.8% |
| ROCE | 16.9% | 16.9% | 14.8% | 12.2% | 10.2% | 9.8% | 11.7% | 7.7% | 0.4% | 12.3% | 12.7% |
SPNS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sapiens International Corporation N.V. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (79% below the sector average of 2.9x). The company holds a net cash position — cash of $164M exceeds total debt of $64M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 228.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.19 | 0.29 | 0.36 | 0.46 | 0.53 | 0.39 | 0.39 | 0.08 | 0.07 |
| Debt / EBITDA | 0.61 | 0.61 | 0.92 | 1.41 | 1.89 | 2.87 | 2.11 | 1.83 | 4.64 | 0.42 | 0.38 |
| Net Debt / Equity | — | -0.21 | -0.09 | -0.11 | -0.10 | 0.06 | 0.24 | 0.07 | 0.03 | -0.24 | -0.23 |
| Net Debt / EBITDA | -0.95 | -0.95 | -0.42 | -0.53 | -0.53 | 0.40 | 0.95 | 0.32 | 0.40 | -1.32 | -1.21 |
| Debt / FCF | — | -1.38 | -0.57 | -1.26 | -0.61 | 0.52 | 1.10 | 0.67 | 12.30 | -2.91 | -1.31 |
| Interest Coverage | 228.41 | 228.41 | 232.92 | 42.27 | 16.64 | 8.32 | 12.58 | 7.14 | 0.89 | 92.00 | 155.10 |
Net cash position: cash ($164M) exceeds total debt ($64M)
SPNS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Sapiens International Corporation N.V.'s current ratio of 2.24x 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 1.95x to 2.24x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.24 | 2.24 | 2.11 | 1.95 | 1.98 | 1.85 | 1.40 | 1.60 | 1.88 | 2.52 | 2.09 |
| Quick Ratio | 2.24 | 2.24 | 2.11 | 1.95 | 2.07 | 1.85 | 1.40 | 1.60 | 1.97 | 2.52 | 2.09 |
| Cash Ratio | 1.45 | 1.45 | 1.36 | 1.24 | 1.39 | 1.26 | 0.63 | 0.80 | 1.02 | 1.66 | 1.34 |
| Asset Turnover | — | 0.78 | 0.75 | 0.71 | 0.64 | 0.54 | 0.72 | 0.76 | 0.73 | 0.84 | 0.77 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 67.03 | 64.03 | 71.80 | 60.38 | 62.35 | 56.29 | 74.53 | 72.17 | 58.56 | 69.24 |
SPNS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sapiens International Corporation N.V. returns 1.3% to shareholders annually primarily through dividends. A payout ratio of 44.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.0% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 2.1% | 1.7% | 3.8% | 1.1% | 0.4% | 0.9% | 1.8% | 1.7% | 1.4% | 1.4% |
| Payout Ratio | 44.1% | 44.1% | 45.1% | 73.4% | 42.9% | 20.9% | 41.9% | 72.4% | 2798.6% | 50.6% | 35.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.0% | 4.8% | 3.9% | 5.1% | 2.5% | 2.1% | 2.3% | 2.5% | 0.1% | 2.7% | 4.0% |
| FCF Yield | 3.0% | 4.8% | 4.4% | 3.4% | 3.6% | 2.9% | 4.2% | 3.7% | 0.1% | 2.2% | 6.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.3% | 2.1% | 1.7% | 3.8% | 1.1% | 0.4% | 1.0% | 1.8% | 1.7% | 1.4% | 1.4% |
| Shares Outstanding | — | $56M | $56M | $56M | $56M | $52M | $51M | $50M | $50M | $50M | $49M |
Peer Comparison
Compare SPNS 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 |
|---|---|---|---|---|---|---|---|---|---|
 SPNSYou | $2B | 33.7 | 22.1 | 33.6 | 45.0% | 16.8% | 15.5% | 17.4% | 0.6 |
 GWRE | $9B | 133.2 | 138.8 | 30.4 | 62.5% | 3.4% | 5.0% | 2.3% | 11.0 |
 VRNT | $1B | 19.7 | 9.5 | 8.7 | 71.3% | 11.7% | 6.3% | 5.3% | 2.9 |
 NICE | $5B | 8.8 | 5.8 | 7.3 | 66.4% | 21.9% | 16.4% | 13.2% | 0.2 |
 ACN | $80B | 10.7 | 6.1 | 7.4 | 31.9% | 14.7% | 25.0% | 26.8% | 0.6 |
 IBM | $234B | 22.3 | 18.7 | 20.2 | 59.5% | 15.3% | 35.2% | 9.8% | 4.4 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 SAP | $181B | 22.6 | 14.1 | 19.9 | 73.8% | 26.7% | 15.5% | 16.0% | 0.7 |
 ORCL | $530B | 31.6 | 22.8 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 PCTY | $5B | 25.1 | 13.0 | 15.8 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 APPF | $5B | 39.0 | 30.9 | 22.8 | 61.3% | 16.1% | 26.5% | 22.4% | 0.4 |
| 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 · 29 years · Updated daily
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SPNS — Frequently Asked Questions
Quick answers to the most common questions about buying SPNS stock.
What is Sapiens International Corporation N.V.'s P/E ratio?
Sapiens International Corporation N.V.'s current P/E ratio is 33.7x. The historical average is 28.0x. This places it at the 61th percentile of its historical range.
What is Sapiens International Corporation N.V.'s EV/EBITDA?
Sapiens International Corporation N.V.'s current EV/EBITDA is 22.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
What is Sapiens International Corporation N.V.'s ROE?
Sapiens International Corporation N.V.'s return on equity (ROE) is 15.5%. The historical average is -12.8%.
Is SPNS stock overvalued?
Based on historical data, Sapiens International Corporation N.V. is trading at a P/E of 33.7x. This is at the 61th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Sapiens International Corporation N.V.'s dividend yield?
Sapiens International Corporation N.V.'s current dividend yield is 1.30% with a payout ratio of 44.1%.
What are Sapiens International Corporation N.V.'s profit margins?
Sapiens International Corporation N.V. has 45.0% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Sapiens International Corporation N.V. have?
Sapiens International Corporation N.V.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.