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NICE Ltd. NICE
$ 105.02 3.56%
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Quarterly report 2025-Q4
added 05-06-2026

NICE Ltd. Financial Ratios 2025-2007 | NICE

Brief overview of NICE Ltd.'s valuation multiples

The review covers five available annual periods spanning 2021 to 2025.

The current valuation set is P/E 11.83x (median 49.25x), EV/EBITDA 8.12x (median 25.57x), P/S 2.46x (median 6.24x). The combined multiple level is about 64.4% below the company's historical norm, suggesting more cautious expectations.

The 1/P/E calculation produces a 8.5% earnings yield. It does not capture future growth or capital structure.

Capital efficiency is characterized by ROE 15.8%, ROA 12%, ROCE 15.3%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

On PEG (0.78x), valuation is restrained relative to growth, but one ratio cannot replace cash-flow and risk analysis.

The cash conversion cycle increased 38.1 days to 46.6 days, weakening working-capital efficiency.

Valuation takeaway

NICE Ltd. combines solid capital returns with a discount to its own history. The main question is whether earnings and growth are sustainable.

Annual Financial Ratios NICE Ltd.

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

11.8 20.4 49.3 51.4 96.1 90.4 51.8 41.7 38.8 35.5 13.9 28.2 43.4 33.2 39.7 36.5 34.4 - -

P/S

2.5 3.3 7.0 6.2 10.0 10.8 6.1 4.6 4.2 4.1 3.9 2.9 2.5 2.6 2.9 - - - -

EPS

9.8 7.0 5.3 4.2 3.1 3.1 3.0 2.6 2.4 2.0 4.3 1.7 0.9 1.1 0.9 0.8 0.7 0.7 -

EV (Enterprise Value)

6.86 B 8.49 B 16.1 B 13.1 B 19.2 B 19 B 10.8 B 7.59 B 6.32 B 5.12 B 3.71 B 3.15 B 2.73 B 2.63 B 2.49 B 1.67 B 1.26 B -144 M -117 M

EBITDA per Share

13.6 11.8 9.48 8.02 7.09 6.76 6.63 5.78 5.07 2.54 3 2.32 1.84 1.32 1.31 1.69 1.39 - -

EV/EBITDA

8.1 11.3 26.7 25.6 42.7 59.2 39.1 28.7 29.3 29.5 18.4 19.7 20.6 26.9 25.0 15.7 14.7 -1.8 -

PEG

0.78 1.62 4.66 5.28 3.55 3.93 1.82 1.35 1.08 -0.65 0.09 0.32 -2.54 1.51 2.38 - - - -

P/B

1.4 1.7 3.2 2.8 4.1 6.9 4.3 3.3 3.2 2.7 2.5 2.4 2.0 1.9 2.0 1.2 1.1 - -

P/CF

10.1 10.8 29.5 28.4 41.5 37.0 25.8 16.7 14.1 22.5 15.9 17.7 23.3 21.3 17.1 12.3 12.3 - -

ROE %

15.79 12.24 10.07 8.71 7.03 7.60 8.24 7.90 8.19 7.74 18.29 8.49 4.59 5.70 4.94 4.20 4.02 4.03 -

ROA %

11.99 8.30 6.58 5.46 4.24 4.65 5.15 4.97 5.04 4.44 13.99 6.28 3.34 4.09 3.62 3.17 3.05 - -

ROCE %

15.31 14.34 10.92 9.06 7.67 7.59 8.94 7.65 6.46 6.21 11.45 9.29 6.31 3.72 4.87 4.06 3.44 3.85 -

Current Ratio

- - - - - 2.6 2.7 2.7 2.6 1.1 1.6 1.3 1.2 1.4 1.5 - - - -

DSO

85.6 82.0 84.7 43.4 28.8 69.0 70.5 65.5 67.3 103.7 80.5 73.7 83.5 76.6 58.4 - - - -

DIO

- - - - - - - - 1.8 5.1 7.5 13.0 13.4 14.4 15.9 17.2 11.1 - -

DPO

39.0 35.4 29.0 24.6 20.2 20.6 20.6 21.7 21.4 27.7 14.1 11.6 26.0 21.4 22.6 31.4 20.3 - -

Operating Cycle

85.6 82.0 84.7 43.4 28.8 69.0 70.5 65.5 69.1 108.8 87.9 86.7 97.0 91.0 74.3 17.2 11.1 - -

Cash Conversion Cycle

46.6 46.6 55.7 18.8 8.6 48.3 49.9 43.8 47.6 81.1 73.8 75.2 71.0 69.7 51.7 -14.3 -9.2 - -

All numbers in USD currency

Quarterly Financial Ratios NICE 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 2007-Q4

EPS

9.82 6.97 5.32 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 0.78 0.7 0.65 -

EBITDA per Share

13.6 11.8 9.48 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1.69 1.39 - -

ROE %

42.30 30.53 22.32 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 12.25 4.20 4.02 4.03 -

ROA %

30.04 21.10 6.58 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3.17 3.05 - -

ROCE %

44.63 32.76 22.27 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 11.35 4.06 3.44 3.85 -

DSO

21.4 20.5 11.2 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DIO

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4.3 2.8 - -

DPO

9.8 8.9 3.9 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 7.9 5.1 - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company NICE 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.

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