Accuray Incorporated logo
Accuray Incorporated ARAY
$ 0.23 1.0%
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Quarterly report 2026-Q4
added 08-27-2026

Accuray Incorporated Financial Ratios 2026-2009 | ARAY

Brief overview of Accuray Incorporated's market valuation

The comparison uses the five latest available annual observations between 2021 and 2025.

The valuation comparison uses EV/EBITDA 35.17x (median 38.52x), P/S 0.35x (median 0.45x), P/B 1.98x (median 4.14x). The current ratio basket stands about 15.8% below the five-year comparison base. Earnings and risk trends should explain the discount.

End-period return metrics are ROE -2%, ROA -0.3%, ROCE 9.7%. Losses and negative capital returns make ordinary P/E-like references unstable or inapplicable.

PEG of 0.12x shows valuation is not outpacing embedded growth. The conclusion depends on earnings durability.

A shorter cycle, from 248.8 days to 184.1 days, indicates faster release of cash from operations.

Overall assessment

Accuray Incorporated's valuation is lower, but weak quality metrics call for caution. Recovery in earnings and capital returns is the key catalyst.

Annual Financial Ratios Accuray Incorporated

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009

P/E

-0.6 -100.8 -12.0 -27.3 -36.5 -53.2 93.9 -21.9 -13.3 -11.9 -17.3 -12.6 -17.6 -4.4 -6.3 -15.5 86.1 -

P/S

0.1 0.3 0.4 0.6 0.5 0.8 0.9 0.9 0.8 0.9 1.1 1.3 1.7 1.4 1.1 1.9 - -

EPS

-0.4 -0.0 -0.2 -0.1 -0.1 -0.1 0.0 -0.2 -0.3 -0.4 -0.3 -0.5 -0.5 -1.4 -1.0 -0.4 0.1 -

EV (Enterprise Value)

393 M 492 M 542 M 589 M 526 M 629 M 677 M 671 M 565 M 638 M 731 M 821 M 928 M 745 M 580 M 534 M 307 M -36.8 M

EBITDA per Share

-0.15 0.14 0.07 0.07 0.15 0.31 0.22 0.127 0.0699 0.0996 0.167 0.00414 0.0319 -0.752 -0.429 -0.345 0.17 -

EV/EBITDA

-21.3 35.2 84.5 85.3 38.5 19.9 14.2 40.0 61.7 53.9 39.6 1943.7 300.5 -10.4 -12.8 -15.4 30.9 -

PEG

0.02 -14.01 -6.18 -1.5 -1.6 -2.12 0.12 -0.68 -0.6 0.95 -0.46 1.48 -0.26 0.11 0.05 0.02 - -

P/B

0.8 2.0 4.1 4.7 3.7 4.9 5.6 7.2 6.5 7.5 7.4 6.7 6.3 4.2 2.2 1.7 - -

P/CF

-4.6 56.1 -15.7 16.3 -81.4 8.7 -244.7 -10.6 27.2 -61.0 17.3 -18.6 -53.9 -5.5 -9.3 49.5 - -

ROE %

-117.97 -1.96 -34.48 -17.29 -10.05 -9.17 6.01 -32.94 -49.14 -63.57 -42.75 -53.06 -35.97 -96.62 -35.34 -11.10 2.41 -

ROA %

-11.09 -0.34 -3.32 -1.94 -1.13 -1.31 0.78 -3.75 -6.31 -7.28 -5.44 -8.56 -7.16 -21.69 -15.23 -5.85 - -

ROCE %

-63.41 9.66 1.12 4.44 15.32 32.30 19.70 0.24 -1.81 -8.05 -1.88 -6.39 -5.84 -25.20 -21.07 -11.19 1.67 -

Current Ratio

1.1 1.2 1.1 1.1 1.1 1.2 1.1 1.8 1.7 1.1 1.7 2.1 2.0 2.2 1.8 1.4 - -

DSO

68.4 69.7 68.2 69.0 76.3 81.0 96.5 97.5 59.5 69.3 52.0 74.7 71.3 64.1 60.6 101.6 - -

DIO

181.0 163.6 170.4 178.6 181.3 200.6 199.7 172.2 162.9 158.4 176.3 165.3 141.3 136.4 109.6 310.4 - -

DPO

46.9 49.2 50.3 40.4 34.3 32.8 41.2 42.1 29.6 26.4 23.2 20.4 25.2 26.6 24.4 122.6 - -

Operating Cycle

249.4 233.4 238.6 247.6 257.6 281.7 296.2 269.7 222.4 227.7 228.3 240.0 212.6 200.5 170.2 412.0 - -

Cash Conversion Cycle

202.5 184.1 188.2 207.2 223.3 248.8 255.0 227.6 192.8 201.3 205.2 219.6 187.4 173.8 145.8 289.4 - -

All numbers in USD currency

Quarterly Financial Ratios Accuray Incorporated

2026-Q4 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

- -0.09 -0.11 -0.18 -0.11 -0.18 - -0.01 0.03 -0.04 - -0.06 -0.1 -0.03 - 0.01 -0.02 -0.06 -0.08 -0.01 - -0.01 -0.01 - 0.05 - 0.05 - 0.12 -0.11 0.12 -0.01 -0.05 -0.11 -0.05 -0.11 -0.06 -0.11 -0.06 -0.06 -0.11 0.01 -0.09 0.01 -0.08 -0.16 -0.08 -0.04 -0.13 -0.28 -0.13 -0.28 -0.07 -0.21 -0.07 -0.21 -0.4 -0.34 -0.28 -0.21 -0.15 -0.38 -0.15 -0.02

EBITDA per Share

- -25.5 -63.9 -81 -80.7 -0.08 - - 61.2 -0.01 - - - 0.04 - - 0.03 -0.01 0.03 - 0.04 0.04 0.1 0.05 0.09 0.08 0.13 0.08 0.04 -0.03 0.08 -0.03 -0.01 -0.03 0.04 -0.03 -0.01 0.01 0.05 0.01 -0.03 -0.02 0.05 -0.02 0.02 -0.03 0.11 -0.03 -0.02 -0.13 0.08 -0.13 0.02 -0.09 0.13 -0.09 -0.28 -0.18 -0.11 -0.38 -0.02 -0.23 0.13 -0.23

ROE %

-89.12 -114.90 -121.63 -98.47 -58.13 -41.10 -6.06 -21.50 -39.07 -50.20 -41.46 -40.36 -28.54 -19.95 -14.12 -27.89 -31.01 -27.04 -17.69 -5.16 -5.37 0.41 8.78 16.15 18.99 31.98 44.98 57.97 34.54 5.36 -23.82 -53.00 -49.71 -49.26 -58.49 -59.14 -49.93 -60.41 -59.72 -81.36 -87.66 -77.48 -79.19 -54.24 -41.52 -44.77 -51.36 -53.92 -54.87 -47.44 -36.95 -44.51 -68.85 -82.47 -80.02 -72.44 -61.75 -47.05 -44.62 -39.75 -33.45 -11.52 -5.07 -12.22

ROA %

-10.46 -13.53 -15.64 -12.83 -7.56 -5.32 -0.57 -1.94 -3.70 -4.85 -4.01 -3.89 -2.92 -2.06 -1.44 -2.99 -3.34 -2.90 -1.95 -0.58 -0.57 0.39 1.63 2.78 3.08 4.31 5.60 7.07 4.85 1.42 -2.15 -5.82 -6.11 -6.05 -7.18 -7.25 -6.05 -7.17 -7.13 -9.96 -10.83 -9.85 -10.32 -7.41 -5.93 -6.79 -8.68 -9.46 -9.77 -8.75 -7.33 -9.28 -14.89 -20.79 -23.02 -23.37 -24.47 -19.56 -19.35 -17.75 -16.25 -5.30 -2.67 -6.16

ROCE %

-61.72 -83.38 -79.87 -56.11 -28.00 -11.10 7.19 -3.92 -14.35 -19.83 -15.08 -10.85 5.49 9.16 4.82 5.80 1.00 3.58 13.49 21.79 32.03 34.77 36.53 37.78 36.22 32.15 17.48 13.40 -5.15 -13.50 -16.02 -24.37 -23.87 -24.06 -18.12 -18.31 -12.58 -20.85 -28.89 -34.91 -41.66 -31.53 -30.54 -22.62 -21.18 -25.71 -33.41 -36.89 -43.28 -39.31 -33.31 -30.34 -25.90 -39.91 -38.86 -49.11 -55.45 -43.12 -41.92 -34.04 -26.95 -10.73 -3.04 -10.74

Current Ratio

1.2 1.1 1.1 1.2 1.1 1.2 1.2 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.3 1.3 1.6 1.6 1.8 1.8 1.9 1.9 2.1 2.1

DSO

- 54.6 51.5 56.0 51.5 66.8 - 66.7 70.3 82.6 - 67.9 65.8 66.8 - 64.4 66.1 81.1 39.7 81.2 69.0 76.2 34.8 67.0 65.7 88.6 84.8 95.3 88.8 110.3 97.7 94.8 68.1 63.0 52.9 67.1 68.5 71.5 34.7 67.7 67.1 60.0 59.2 64.8 51.4 68.4 65.1 71.6 53.9 69.3 67.1 80.8 65.2 68.8 54.0 70.8 71.0 69.2 79.7 78.2 65.1 63.5 53.0 -

DIO

- 176.4 178.9 207.5 178.9 200.7 - 165.1 186.5 199.4 - 199.3 195.2 209.1 - 176.1 195.9 217.4 95.5 194.1 155.0 169.6 81.2 191.6 225.3 251.7 216.5 242.7 195.1 201.4 181.0 193.6 169.2 178.1 154.9 175.1 170.0 188.6 157.2 191.6 190.5 193.0 188.6 188.2 154.9 180.1 146.0 172.4 156.4 156.9 134.2 147.0 144.9 154.2 134.2 155.0 152.1 126.2 145.7 127.1 114.6 108.7 134.9 -

DPO

- 55.2 50.1 58.2 50.1 51.7 - 56.1 63.8 67.9 - 52.9 47.4 48.6 - 35.9 42.5 47.4 21.7 45.8 32.1 28.2 12.6 22.0 23.1 37.4 37.3 41.3 34.2 42.8 44.3 49.1 40.9 35.9 28.1 35.9 36.0 34.3 26.2 36.8 34.3 26.7 24.8 28.8 22.8 21.9 18.0 23.8 23.5 25.4 23.9 25.7 27.4 31.0 26.2 33.3 43.4 35.7 32.5 31.1 32.2 38.0 53.3 -

Operating Cycle

- - - - 230.3 267.6 - 231.7 256.9 282.0 - 267.2 261.1 275.9 - 240.5 262.0 298.4 135.2 275.4 224.0 245.8 116.0 258.6 291.1 340.2 301.4 338.1 283.9 311.8 278.7 288.4 237.4 241.2 207.8 242.2 238.5 260.1 191.9 259.4 257.5 253.0 247.8 253.0 206.3 248.4 211.1 244.1 210.2 226.2 201.3 227.9 210.2 223.1 188.3 225.8 223.2 195.4 225.4 205.3 179.7 172.2 187.9 -

Cash Conversion Cycle

- - - - 180.2 215.8 - 175.7 193.1 214.1 - 214.3 213.7 227.3 - 204.5 219.5 251.1 113.4 229.6 191.9 217.5 103.4 236.6 267.9 302.8 264.1 296.8 249.7 268.9 234.4 239.3 196.5 205.2 179.7 206.3 202.5 225.8 165.8 222.6 223.2 226.3 223.1 224.2 183.5 226.6 193.1 220.3 186.8 200.9 177.4 202.2 182.8 192.1 162.1 192.5 179.7 159.7 192.9 174.2 147.4 134.2 134.7 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Accuray Incorporated, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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