Workday, Inc. (WDAY) Financial Ratios
16 years of historical data (2011–2026) · Technology · Software - Application
EV/EBITDA
↓
24.03
↓-87% vs avg
5yr avg: 184.30
30Y Low35.4·High97.7
P/FCF
↓
11.03
↓-68% vs avg
5yr avg: 34.31
30Y Low16.7·High100.0
P/B Ratio
↓
3.95
↓-57% vs avg
5yr avg: 9.15
30Y Low5.9·High20.1
ROE
↑
8.2%
↓+47% vs avg
5yr avg: 5.6%
30Y Low-57%·High20%
Debt/EBITDA
↓
2.79
↓-70% vs avg
5yr avg: 9.30
30Y Low2.8·High49.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WDAY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Workday, Inc. trades at 45.3x earnings, 92% below its 5-year average of 591.7x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 56%. On a free-cash-flow basis, the stock trades at 11.0x P/FCF, 68% below the 5-year average of 34.3x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $30.6B | $46.3B | $70.5B | $77.2B | $46.2B | $64.3B | $53.9B | $41.9B | $39.4B | $24.9B | $16.5B |
| Enterprise Value | $32.9B | $48.6B | $72.4B | $78.5B | $47.6B | $64.8B | $54.8B | $42.8B | $39.9B | $25.3B | $16.5B |
| P/E Ratio → | 45.32 | 68.07 | 134.39 | 55.87 | — | 2108.42 | — | — | — | — | — |
| P/S Ratio | 3.21 | 4.84 | 8.35 | 10.64 | 7.44 | 12.51 | 12.49 | 11.56 | 13.94 | 11.62 | 10.46 |
| P/B Ratio | 3.95 | 5.93 | 7.81 | 9.55 | 8.28 | 14.17 | 16.45 | 16.87 | 20.09 | 15.76 | 12.90 |
| P/FCF | 11.03 | 16.66 | 32.23 | 40.41 | 35.65 | 46.63 | 53.28 | 67.65 | 99.96 | 79.54 | 72.29 |
| P/OCF | 10.42 | 15.74 | 28.67 | 35.93 | 27.90 | 38.94 | 42.52 | 48.51 | 64.87 | 53.49 | 47.24 |
P/E links to full P/E history page with 30-year chart
WDAY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Workday, Inc.'s enterprise value stands at 24.0x EBITDA, 87% below its 5-year average of 184.3x. The Technology sector median is 16.7x, placing the stock at a 44% 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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.09 | 8.57 | 10.81 | 7.66 | 12.62 | 12.69 | 11.80 | 14.15 | 11.79 | 10.46 |
| EV / EBITDA | 24.03 | 35.44 | 97.66 | 168.82 | 335.17 | 284.39 | 1215.83 | — | — | — | — |
| EV / EBIT | 32.18 | 48.15 | 96.23 | 167.02 | — | 1964.88 | — | — | — | — | — |
| EV / FCF | — | 17.49 | 33.06 | 41.08 | 36.70 | 47.04 | 54.13 | 69.00 | 101.40 | 80.68 | 72.26 |
WDAY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Workday, Inc. earns an operating margin of 10.7%. Operating margins have expanded from 2.5% to 10.7% over the past 3 years, signaling improving operational efficiency. ROE of 8.2% is modest. ROIC of 7.3% represents adequate 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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.7% | 75.7% | 75.5% | 75.6% | 72.5% | 72.2% | 72.3% | 70.6% | 70.4% | 70.6% | 69.3% |
| Operating Margin | 10.7% | 10.7% | 4.9% | 2.5% | -3.6% | -2.3% | -5.8% | -13.8% | -16.4% | -14.1% | -22.4% |
| Net Profit Margin | 7.3% | 7.3% | 6.2% | 19.0% | -5.9% | 0.6% | -6.5% | -13.3% | -14.8% | -15.0% | -24.4% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.2% | 8.2% | 6.1% | 20.2% | -7.3% | 0.7% | -9.8% | -21.6% | -23.6% | -22.5% | -31.9% |
| ROA | 3.8% | 3.8% | 3.1% | 9.2% | -3.1% | 0.3% | -3.6% | -7.8% | -8.0% | -7.8% | -12.8% |
| ROIC | 7.3% | 7.3% | 3.1% | 1.7% | -2.8% | -1.9% | -5.0% | -12.9% | -15.6% | -14.2% | -20.3% |
| ROCE | 8.5% | 8.5% | 3.5% | 1.8% | -3.1% | -2.4% | -6.0% | -14.5% | -15.5% | -12.4% | -18.6% |
WDAY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Workday, Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (5% below the sector average of 2.9x). Net debt stands at $2.3B ($3.8B total debt minus $1.5B cash). Interest coverage of 8.9x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.49 | 0.49 | 0.37 | 0.41 | 0.58 | 0.46 | 0.68 | 0.63 | 0.62 | 0.94 | 0.42 |
| Debt / EBITDA | 2.79 | 2.79 | 4.54 | 7.09 | 22.88 | 9.22 | 49.67 | — | — | — | — |
| Net Debt / Equity | — | 0.30 | 0.20 | 0.16 | 0.24 | 0.13 | 0.26 | 0.34 | 0.29 | 0.23 | -0.00 |
| Net Debt / EBITDA | 1.69 | 1.69 | 2.45 | 2.76 | 9.60 | 2.49 | 18.95 | — | — | — | — |
| Debt / FCF | — | 0.84 | 0.83 | 0.67 | 1.05 | 0.41 | 0.84 | 1.35 | 1.44 | 1.14 | -0.02 |
| Interest Coverage | 8.85 | 8.85 | 6.60 | 4.12 | -1.55 | 1.94 | -3.00 | -7.22 | -6.04 | -6.07 | -11.81 |
WDAY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.32x means Workday, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.92x to 1.32x 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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.32 | 1.32 | 1.85 | 1.92 | 1.71 | 1.00 | 1.09 | 1.01 | 1.08 | 1.89 | 1.92 |
| Quick Ratio | 1.32 | 1.32 | 1.85 | 1.92 | 1.71 | 1.00 | 1.09 | 1.01 | 1.08 | 1.89 | 1.92 |
| Cash Ratio | 0.85 | 0.85 | 1.45 | 1.55 | 1.32 | 0.72 | 0.83 | 0.65 | 0.73 | 1.59 | 1.55 |
| Asset Turnover | — | 0.53 | 0.47 | 0.44 | 0.46 | 0.49 | 0.50 | 0.53 | 0.51 | 0.43 | 0.48 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 89.11 | 86.56 | 82.41 | 92.19 | 88.25 | 87.28 | 88.31 | 91.14 | 89.96 | 95.00 |
WDAY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Workday, Inc. returns 9.5% to shareholders annually primarily through share buybacks. The earnings yield of 2.2% (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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 1.5% | 0.7% | 1.8% | — | 0.0% | — | — | — | — | — |
| FCF Yield | 9.1% | 6.0% | 3.1% | 2.5% | 2.8% | 2.1% | 1.9% | 1.5% | 1.0% | 1.3% | 1.4% |
| Buyback Yield | 9.5% | 6.3% | 1.0% | 0.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.5% | 6.3% | 1.0% | 0.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $263M | $269M | $265M | $255M | $254M | $237M | $227M | $217M | $208M | $198M |
Peer Comparison
Compare WDAY 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 |
|---|---|---|---|---|---|---|---|---|---|
 WDAYYou | $31B | 45.3 | 24.0 | 11.0 | 75.7% | 10.7% | 8.2% | 7.3% | 2.8 |
 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 |
 NOW | $98B | 56.9 | 38.2 | 21.5 | 77.5% | 13.7% | 15.5% | 12.4% | 1.3 |
 INTU | $73B | 19.5 | 13.4 | 12.0 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 PAYC | $7B | 15.5 | 8.9 | 16.7 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 PAYX | $35B | 21.4 | 16.0 | 20.0 | 72.4% | 39.6% | 41.8% | 30.9% | 2.1 |
 ADSK | $41B | 37.1 | 20.8 | 17.0 | 91.0% | 24.9% | 39.7% | 37.8% | 1.4 |
 CNXC | $2B | -1.2 | 4.8 | 3.1 | 35.0% | 6.2% | -37.7% | 5.6% | 3.7 |
 PCTY | $5B | 25.1 | 13.0 | 15.8 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 ADP | $88B | 21.9 | 15.9 | 18.4 | 50.8% | 26.3% | 76.0% | 47.1% | 1.5 |
| 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 · 16 years · Updated daily
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WDAY — Frequently Asked Questions
Quick answers to the most common questions about buying WDAY stock.
What is Workday, Inc.'s P/E ratio?
Workday, Inc.'s current P/E ratio is 45.3x. The historical average is 86.1x.
What is Workday, Inc.'s EV/EBITDA?
Workday, Inc.'s current EV/EBITDA is 24.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 66.5x.
What is Workday, Inc.'s ROE?
Workday, Inc.'s return on equity (ROE) is 8.2%. The historical average is -14.6%.
Is WDAY stock overvalued?
Based on historical data, Workday, Inc. is trading at a P/E of 45.3x. Compare with industry peers and growth rates for a complete picture.
What are Workday, Inc.'s profit margins?
Workday, Inc. has 75.7% gross margin and 10.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Workday, Inc. have?
Workday, Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.