
AudioCodes Ltd. Financial Ratios 2025-2008 | AUDC
Brief overview of AudioCodes Ltd.'s valuation multiples
This overview follows the five latest available observations from 2021 through 2025.
The current valuation set is P/E 27.97x (median 27.97x), EV/EBITDA 20.05x (median 20.05x), P/S 1.02x (median 1.26x). The combined multiple level is about 18.9% below the company's historical norm, suggesting more cautious expectations.
At the current P/E, inverse earnings yield is 3.6%, a useful bridge between price and business earnings.
Current measures of operating quality are ROE 5.2%, ROA 2.8%, ROCE 5.8%. Efficiency ratios are restrained, with capital and assets producing modest returns.
The PEG ratio is 15.31x; investors pay a high price per unit of expected growth.
The cash cycle lengthened by 42.2 days to 175.6 days. Operations require more funding.
What the ratios show
AudioCodes Ltd.'s multiples look low against history, but fundamental returns do not yet provide convincing support.
Annual Financial Ratios AudioCodes Ltd.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
28.0 | 16.7 | 40.2 | 12.2 | 28.7 | 34.4 | 155.4 | 29.1 | 55.8 | 13.8 | 474.2 | -2532.2 | 69.8 | -32.9 | 23.8 | 8.9 | - | - |
P/S |
1.0 | 1.1 | 1.4 | 1.3 | 3.9 | 4.2 | 3.1 | 2.2 | 1.4 | 1.5 | 1.2 | 1.4 | 2.1 | 1.1 | 1.1 | 0.7 | - | - |
EPS |
0.3 | 0.5 | 0.3 | 0.9 | 1.0 | 0.9 | 0.1 | 0.5 | 0.1 | 0.5 | 0.0 | - | 0.1 | -0.1 | 0.2 | 0.3 | -0.1 | - |
EV (Enterprise Value) |
357 M | 341 M | 472 M | 455 M | 1.11 B | 897 M | 553 M | 362 M | 201 M | 279 M | 227 M | 270 M | 333 M | 190 M | 229 M | 57.6 M | -39 M | -36.8 M |
EBITDA per Share |
0.62 | 0.68 | 0.52 | 1.05 | 1.27 | 1.28 | -0.27 | 0.62 | 0.36 | 0.303 | 0.141 | 0.159 | 0.155 | -0.0218 | 0.253 | 0.33 | - | - |
EV/EBITDA |
20.0 | 16.6 | 28.7 | 13.6 | 22.8 | 22.2 | -81.6 | 21.5 | 18.6 | 19.9 | 29.3 | 31.6 | 46.8 | -170.6 | 15.4 | 4.3 | 211.8 | - |
PEG |
-3.0 | -0.14 | -0.26 | -0.09 | -0.23 | -0.34 | 15.31 | 0.74 | -0.4 | 0.0 | 0.87 | 24.86 | 0.35 | 0.2 | -0.57 | - | - | - |
P/B |
1.5 | 1.3 | 1.9 | 1.8 | 4.7 | 2.6 | 2.5 | 2.2 | 1.3 | 2.1 | 1.5 | 1.6 | 2.8 | 1.4 | 1.6 | 0.6 | - | - |
P/CF |
8.5 | 7.3 | 23.7 | 41.8 | 20.5 | 24.4 | 26.7 | 15.4 | 12.7 | 13.3 | 11.1 | 65.6 | 23.6 | 138.7 | -59.6 | 6.6 | - | - |
ROE % |
5.23 | 7.98 | 4.67 | 15.00 | 16.42 | 12.98 | 4.30 | 14.27 | 4.36 | 14.94 | 0.31 | -0.06 | 4.02 | -4.25 | 6.76 | 12.23 | -3.36 | - |
ROA % |
2.77 | 4.56 | 2.60 | 8.79 | 9.66 | 7.61 | 1.63 | 7.52 | 2.36 | 8.68 | 0.19 | -0.04 | 2.42 | -2.52 | 3.72 | 6.98 | - | - |
ROCE % |
5.81 | 6.66 | 5.69 | 13.65 | 15.60 | 14.56 | -6.06 | 13.15 | 7.68 | 5.45 | 1.85 | 2.19 | 2.00 | -2.86 | 4.94 | 8.27 | -0.22 | - |
Current Ratio |
2.1 | 2.3 | 2.3 | 2.4 | 2.4 | - | - | - | - | 1.8 | 1.7 | 1.9 | 2.7 | 2.3 | 2.2 | - | - | - |
DSO |
91.7 | 80.7 | 80.3 | 37.4 | 25.3 | 51.3 | 45.4 | 45.9 | 55.3 | 72.3 | 78.4 | 89.8 | 80.7 | 86.1 | 83.7 | 32.0 | - | - |
DIO |
113.6 | 163.8 | 170.4 | 114.4 | 124.4 | 147.8 | 88.2 | 109.0 | 101.9 | 104.2 | 107.5 | 85.9 | 86.1 | 112.9 | 116.2 | 44.9 | - | - |
DPO |
29.6 | 32.8 | 40.1 | 21.5 | 16.3 | 35.0 | 22.2 | 32.9 | 41.4 | 49.2 | 46.8 | 59.0 | 45.0 | 45.8 | 70.3 | 37.3 | - | - |
Operating Cycle |
205.2 | 244.6 | 250.7 | 151.8 | 149.7 | 199.1 | 133.5 | 154.9 | 157.2 | 176.4 | 185.9 | 175.7 | 166.8 | 199.0 | 199.9 | 76.9 | - | - |
Cash Conversion Cycle |
175.6 | 211.8 | 210.7 | 130.3 | 133.4 | 164.1 | 111.3 | 122.0 | 115.9 | 127.3 | 139.1 | 116.8 | 121.8 | 153.2 | 129.6 | 39.6 | - | - |
All numbers in USD currency
Quarterly Financial Ratios AudioCodes Ltd.
| 2025-Q4 | 2024-Q4 | 2023-Q4 | 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 | 2010-Q4 | 2009-Q4 | 2008-Q4 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
0.31 | 0.51 | 0.28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.3 | -0.07 | - |
EBITDA per Share |
0.62 | 0.68 | 0.52 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.33 | - | - |
ROE % |
30.10 | 21.51 | 4.67 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.23 | -3.36 | - |
ROA % |
16.92 | 4.56 | 2.60 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.98 | - | - |
ROCE % |
26.43 | 20.40 | 5.69 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.27 | -0.22 | - |
Current Ratio |
2.1 | 2.3 | 2.3 | - | - | - | - | - | - | 2.5 | - | 2.4 | - | 2.3 | - | 1.6 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
DSO |
22.9 | 20.2 | 9.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.0 | - | - |
DIO |
28.4 | 41.0 | 23.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.2 | - | - |
DPO |
7.4 | 8.2 | 4.0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9.3 | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company AudioCodes Ltd., 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.