Latest Ratios: P/E Ratio 26.5x · EV/EBITDA 9.8x · ROE 3.6%. (1996–2025 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 | $1.1B | $1.4B | $2.0B | $2.4B | $2.0B | $3.4B | $3.0B | $3.1B | $1.7B | $2.6B | $3.2B |
| Enterprise Value | $2.5B | $2.8B | $2.6B | $4.9B | $7.7B | $8.9B | $6.2B | $6.6B | $4.4B | $5.1B | $5.8B |
| P/E Ratio → | 26.47 | 34.00 | — | — | 44.88 | 42.52 | — | 6.89 | — | 21.49 | 14.55 |
| P/S Ratio | 0.41 | 0.54 | 0.71 | 0.75 | 0.62 | 0.93 | 0.48 | 0.45 | 0.26 | 0.41 | 0.49 |
| P/B Ratio | 0.97 | 1.25 | 1.66 | 7.90 | 1.12 | 2.24 | 2.23 | 2.09 | 1.33 | 1.73 | 2.08 |
| P/FCF | — | — | — | 7.50 | 39.26 | 5.19 | 7.83 | 10.27 | 7.52 | 5.88 | 5.10 |
| P/OCF | — | — | — | 3.43 | 4.60 | 3.40 | 4.62 | 4.94 | 3.13 | 3.56 | 3.75 |
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 | — | 1.04 | 0.93 | 1.56 | 2.42 | 2.42 | 1.00 | 0.95 | 0.68 | 0.78 | 0.88 |
| EV / EBITDA | 9.84 | 11.22 | 10.09 | 11.51 | 13.72 | 16.45 | 10.64 | 6.94 | 8.40 | 4.88 | 5.67 |
| EV / EBIT | 94.58 | 96.70 | — | — | — | — | 39.14 | 12.18 | 21.15 | 7.91 | 10.51 |
| EV / FCF | — | — | — | 15.61 | 153.62 | 13.51 | 16.46 | 21.48 | 19.63 | 11.34 | 9.15 |
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 | 23.6% | 23.6% | 20.5% | 21.1% | 21.6% | 25.1% | 24.6% | 27.8% | 26.2% | 28.5% | 27.8% |
| Operating Margin | 1.0% | 1.0% | -1.3% | -4.1% | -1.6% | 0.7% | 3.6% | 8.8% | 3.0% | 10.6% | 10.3% |
| Net Profit Margin | 1.6% | 1.6% | 33.9% | -13.3% | 1.9% | 2.6% | -1.3% | 8.2% | -1.4% | 3.6% | 4.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.6% | 3.6% | 127.1% | -41.2% | 3.7% | 6.8% | -5.6% | 40.9% | -6.3% | 15.1% | 17.6% |
| ROA | 1.0% | 1.0% | 20.3% | -5.1% | 0.5% | 1.0% | -0.9% | 6.7% | -1.1% | 3.0% | 3.5% |
| ROIC | 0.9% | 0.9% | -1.2% | -1.9% | -0.5% | 0.3% | 3.5% | 10.3% | 3.6% | 12.8% | 11.8% |
| ROCE | 0.9% | 0.9% | -1.1% | -2.1% | -0.6% | 0.3% | 3.5% | 10.2% | 3.4% | 12.0% | 11.7% |
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 | 1.39 | 1.39 | 1.12 | 9.40 | 3.39 | 3.88 | 2.72 | 2.62 | 2.52 | 1.95 | 1.97 |
| Debt / EBITDA | 6.42 | 6.42 | 5.18 | 6.58 | 10.61 | 10.96 | 6.16 | 4.16 | 6.07 | 2.86 | 3.00 |
| Net Debt / Equity | — | 1.18 | 0.52 | 8.54 | 3.26 | 3.59 | 2.47 | 2.28 | 2.15 | 1.60 | 1.65 |
| Net Debt / EBITDA | 5.46 | 5.46 | 2.39 | 5.98 | 10.21 | 10.13 | 5.58 | 3.62 | 5.18 | 2.35 | 2.51 |
| Debt / FCF | — | — | — | 8.11 | 114.36 | 8.33 | 8.64 | 11.21 | 12.11 | 5.45 | 4.05 |
| Interest Coverage | 0.48 | 0.48 | -0.41 | -0.78 | -0.11 | -0.11 | 0.71 | 2.64 | 1.18 | 3.96 | 3.27 |
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 | 1.04 | 1.04 | 1.18 | 0.90 | 1.14 | 1.02 | 1.19 | 1.24 | 1.32 | 1.50 | 1.40 |
| Quick Ratio | 0.83 | 0.83 | 1.03 | 0.72 | 1.00 | 0.76 | 0.90 | 0.93 | 0.97 | 1.09 | 1.05 |
| Cash Ratio | 0.22 | 0.22 | 0.51 | 0.19 | 0.08 | 0.16 | 0.16 | 0.20 | 0.20 | 0.28 | 0.25 |
| Asset Turnover | — | 0.69 | 0.63 | 0.64 | 0.28 | 0.32 | 0.74 | 0.77 | 0.83 | 0.85 | 0.85 |
| Inventory Turnover | 9.46 | 9.46 | 10.80 | 10.04 | 6.97 | 3.67 | 7.79 | 6.37 | 5.87 | 5.98 | 6.76 |
| Days Sales Outstanding | — | 63.84 | 69.62 | 47.55 | 63.25 | 94.81 | 65.68 | 79.12 | 77.22 | 69.07 | 71.52 |
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 | 1.3% | 1.0% | 0.7% | 0.6% | 0.8% | 0.4% | 0.3% | — | — | — | — |
| 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 | 3.8% | 2.9% | — | — | 2.2% | 2.4% | — | 14.5% | — | 4.7% | 6.9% |
| FCF Yield | — | — | — | 13.3% | 2.5% | 19.3% | 12.8% | 9.7% | 13.3% | 17.0% | 19.6% |
| Buyback Yield | 13.5% | 10.3% | 2.8% | 0.0% | 0.0% | 0.0% | 6.3% | 12.7% | 12.5% | 13.2% | 7.8% |
| Total Shareholder Yield | 14.9% | 11.3% | 3.5% | 0.6% | 0.8% | 0.4% | 6.6% | 12.7% | 12.5% | 13.2% | 7.8% |
| Shares Outstanding | — | $141M | $145M | $141M | $137M | $139M | $128M | $145M | $118M | $127M | $129M |
High leverage and liquidity
Based on current market data, VYX trades at a forward P/E of 8.77, which appears to reflect a significant conglomerate discount compared to pure-play software peers, suggesting investors are pricing the entity as a legacy hardware provider rather than a high-growth recurring revenue platform.
The valuation gap between VYX and cloud-native competitors like Toast highlights the market's skepticism regarding the company's ability to successfully pivot its business model. While the low forward multiple may appear attractive, it likely incorporates a risk premium for the company's high debt load and the execution uncertainty inherent in its ongoing SaaS transition.
As reported in recent financial statements, VYX's ROIC has struggled to gain traction, hovering at a marginal 0.4% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its likely cost of capital.
The persistent inability to drive meaningful returns on capital suggests that the company's heavy investment in legacy infrastructure and field services is not yet yielding the expected efficiency gains. Investors should monitor whether the company can improve its capital allocation discipline as it moves further away from its hardware-centric roots.
According to quarterly filings, the company's cash conversion cycle reached 37 days in 2026Q1, reflecting the operational complexity of managing inventory and receivables across a global enterprise footprint that remains tethered to hardware-heavy service contracts.
The volatility in the cash conversion cycle, particularly the swings in days sales outstanding, suggests that VYX faces structural challenges in optimizing its working capital. This inefficiency places additional strain on the company's liquidity position, limiting its ability to self-fund growth initiatives without relying on external financing.
Based on reported figures, VYX maintains a debt-to-EBITDA ratio of 20.29 as of 2026Q1, a level that indicates significant leverage constraints and suggests that the company's ability to service its debt remains highly sensitive to even minor fluctuations in operating performance.
The high debt-to-EBITDA ratio underscores the precarious nature of the company's balance sheet post-separation. This leverage profile limits management's strategic flexibility, as a substantial portion of cash flow must be directed toward interest obligations rather than R&D or market expansion.
The P/E ratio is frequently misapplied to VYX, as it obscures the company's true earning power by failing to account for the significant non-recurring restructuring costs and the ongoing J-curve effect of its transition from hardware sales to ratable SaaS revenue.
Using P/E as a primary valuation metric for VYX is misleading because it ignores the underlying cash-generating capacity of the software segments. Analysts should instead focus on EV/EBITDA or free cash flow yield, which provide a clearer picture of the company's operational performance by stripping away the noise of its recent corporate restructuring.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying VYX stock.
NCR Voyix Corporation's current P/E ratio is 26.5x. The historical average is 20.0x. This places it at the 81th percentile of its historical range.
NCR Voyix Corporation's current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
NCR Voyix Corporation's return on equity (ROE) is 3.6%. The historical average is 11.8%.
Based on historical data, NCR Voyix Corporation is trading at a P/E of 26.5x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NCR Voyix Corporation's current dividend yield is 1.34%.
NCR Voyix Corporation has 23.6% gross margin and 1.0% operating margin.
NCR Voyix Corporation's Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.