AudioCodes Ltd. (AUDC) Key Metrics
AUDC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $270.5M
- Enterprise value
- $236.7M
- P/E (TTM)
- 44.8 10-yr median 30.8
- Forward P/E
- 13.1
- PEG ratio
- 0.83
- Price / sales
- 1.1 10-yr median 1.6
- Price / book
- 1.7 10-yr median 2.8
- EV / EBITDA
- 12.3 10-yr median 17.7
- Dividend yield
- 3.57% $0.40 a year
- Beta
- 1.02
AUDC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAUDC valuation Price multiples at each fiscal year-end price.
AUDC returns How much profit the business earns on the capital it uses.
AUDC per-share figures Results divided by the shares outstanding at year-end.
AUDC financial health Debt, liquidity and how easily interest is covered.
AUDC efficiency & capital use Working capital cycle and where the cash goes.
AUDC valuation history
AUDC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AUDC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AUDC cash returned to shareholders
AUDC price vs earnings per share
AUDC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $253.0M | $298.5M | $381.2M | $581.4M | $1.18B | $906.8M | $791.2M | $298.6M | $236.8M | $227.2M |
| Enterprise value | $249.5M | $272.5M | $382.2M | $548.0M | $1.12B | $810.4M | $760.4M | $253.6M | $214.2M | $208.0M |
| P/E ratio | 28.3 | 19.5 | 43.4 | 20.4 | 34.8 | 33.3 | 199.0 | 22.1 | 58.7 | 14.0 |
| Price / sales | 1.0 | 1.2 | 1.6 | 2.1 | 4.7 | 4.1 | 4.0 | 1.7 | 1.5 | 1.6 |
| Price / book | 1.5 | 1.6 | 2.0 | 3.1 | 5.7 | 4.3 | 8.6 | 3.2 | 2.6 | 2.1 |
| Price / free cash flow | 11.1 | 27.2 | 42.7 | 85.6 | 25.5 | 24.5 | 37.3 | 12.3 | 14.6 | 13.5 |
| Price / operating cash flow | 8.6 | 8.5 | 25.6 | 70.2 | 24.8 | 23.6 | 34.2 | 11.7 | 13.3 | 12.4 |
| EV / sales | 1.0 | 1.1 | 1.6 | 2.0 | 4.5 | 3.7 | 3.8 | 1.4 | 1.4 | 1.4 |
| EV / EBITDA | 13.9 | 14.1 | 20.6 | 13.9 | 25.1 | 20.5 | — | 13.6 | 17.7 | 19.5 |
| EV / free cash flow | 10.9 | 24.8 | 42.8 | 80.7 | 24.2 | 21.9 | 35.8 | 10.5 | 13.2 | 12.3 |
| Earnings yield | 3.5% | 5.1% | 2.3% | 4.9% | 2.9% | 3.0% | 0.5% | 4.5% | 1.7% | 7.1% |
| Free cash flow yield | 9.0% | 3.7% | 2.3% | 1.2% | 3.9% | 4.1% | 2.7% | 8.1% | 6.8% | 7.4% |
| Dividend yield | 4.3% | 3.7% | 3.0% | 2.0% | 0.9% | 0.9% | 0.8% | 1.9% | 2.4% | 2.5% |
| Shareholder yield (dividends + buybacks) | 16.4% | 8.5% | 7.8% | 8.5% | 4.5% | 2.8% | 1.9% | 6.7% | 13.2% | 15.5% |
| Share price at fiscal year-end | $8.73 | $9.74 | $12.07 | $17.89 | $34.74 | $27.55 | $25.69 | $9.88 | $7.36 | $6.35 |
| Per share | ||||||||||
| Revenue per share | $8.47 | $7.90 | $7.74 | $8.46 | $7.35 | $6.71 | $6.50 | $5.83 | $4.87 | $4.07 |
| Earnings per share | $0.31 | $0.50 | $0.28 | $0.88 | $1.00 | $0.83 | $0.13 | $0.45 | $0.13 | $0.45 |
| Operating cash flow per share | $1.01 | $1.15 | $0.47 | $0.25 | $1.40 | $1.17 | $0.75 | $0.85 | $0.55 | $0.51 |
| Free cash flow per share | $0.79 | $0.36 | $0.28 | $0.21 | $1.36 | $1.12 | $0.69 | $0.80 | $0.50 | $0.47 |
| Cash per share | $2.51 | $2.04 | $1.21 | $1.45 | $2.37 | $3.83 | $2.15 | $1.69 | $0.97 | $0.87 |
| Book value per share | $5.91 | $6.26 | $5.96 | $5.84 | $6.07 | $6.38 | $3.00 | $3.13 | $2.87 | $3.04 |
| Tangible book value per share | $3.32 | $5.02 | $4.74 | $4.63 | $4.89 | $5.26 | $1.80 | $1.89 | $1.68 | $1.95 |
| Dividends per share | $0.38 | $0.36 | $0.36 | $0.36 | $0.32 | $0.26 | $0.22 | $0.19 | $0.18 | $0.16 |
| Capex per share | $0.22 | $0.79 | $0.19 | $0.05 | $0.03 | $0.05 | $0.06 | $0.04 | $0.05 | $0.04 |
| Debt per share | $2.39 | $1.19 | $1.24 | $0.42 | $0.58 | $0.91 | $1.15 | $0.20 | $0.27 | $0.33 |
| Shares outstanding | 29.0M | 30.6M | 31.6M | 32.5M | 33.8M | 32.9M | 30.8M | 30.2M | 32.2M | 35.8M |
| Change in shares outstanding | −5.4% | −3.0% | −2.8% | −4.0% | +2.8% | +6.9% | +1.9% | −6.1% | −10.1% | −11.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 4.9% | 8.1% | 4.6% | 14.4% | 16.3% | 18.0% | 4.3% | 14.4% | 4.0% | 14.4% |
| Return on invested capital (ROIC) | 5.6% | 9.7% | 5.1% | 17.3% | 26.1% | 32.6% | −13.6% | 22.3% | 6.1% | 7.9% |
| Return on assets (ROA) | 2.7% | 4.5% | 2.7% | 8.5% | 9.5% | 9.0% | 1.9% | 7.8% | 2.3% | 8.6% |
| Return on tangible assets | 3.6% | 5.1% | 2.9% | 10.0% | 10.9% | 8.5% | 1.9% | 9.7% | 3.0% | 11.0% |
| Free cash flow margin | 9.3% | 4.5% | 3.7% | 2.5% | 18.5% | 16.7% | 10.6% | 13.8% | 10.3% | 11.6% |
| Income quality (OCF / net income) | 3.28 | 2.30 | 1.70 | 0.29 | 1.40 | 1.41 | 5.83 | 1.90 | 4.41 | 1.13 |
| Financial health | ||||||||||
| Total debt | $69.3M | $36.5M | $39.3M | $13.7M | $19.5M | $29.8M | $35.3M | $6.2M | $8.8M | $11.9M |
| Cash & short-term investments | $72.9M | $62.4M | $38.2M | $47.1M | $80.3M | $126.2M | $66.2M | $51.1M | $31.3M | $31.1M |
| Net debt | −$3.5M | −$25.9M | $1.1M | −$33.4M | −$60.8M | −$96.4M | −$30.8M | −$44.9M | −$22.6M | −$19.2M |
| Debt / equity | 0.40 | 0.19 | 0.21 | 0.07 | 0.10 | 0.14 | 0.38 | 0.07 | 0.09 | 0.11 |
| Debt / assets | 0.21 | 0.11 | 0.12 | 0.04 | 0.06 | 0.08 | 0.14 | 0.04 | 0.05 | 0.06 |
| Net debt / EBITDA | −0.20 | −1.34 | 0.06 | −0.85 | −1.37 | −2.44 | — | −2.41 | −1.87 | −1.80 |
| Current ratio | 2.21 | 2.09 | 1.69 | 1.59 | 1.75 | 2.15 | 1.53 | 2.12 | 1.71 | 1.78 |
| Quick ratio | 1.94 | 1.69 | 1.17 | 1.20 | 1.50 | 1.84 | 1.20 | 1.67 | 1.34 | 1.42 |
| Interest coverage | 30.5 | 58.1 | 4.5 | 87.5 | 17.5 | 38.4 | -15.9 | 18.5 | 17.0 | 14.2 |
| Working capital | $98.6M | $85.1M | $58.5M | $55.5M | $71.6M | $108.9M | $45.9M | $58.1M | $32.0M | $35.0M |
| Invested capital | $167.8M | $165.9M | $189.2M | $156.4M | $144.7M | $113.5M | $61.6M | $49.6M | $69.8M | $89.5M |
| Tangible asset value | $96.2M | $153.8M | $149.5M | $150.6M | $165.6M | $173.1M | $55.4M | $57.1M | $54.2M | $69.6M |
| Net current asset value | $28.4M | $18.8M | −$6.7M | $15.9M | $23.7M | $55.4M | −$19.3M | $28.2M | −$1.2M | $1.4M |
| Graham number | $6.41 | $8.39 | $6.10 | $10.73 | $11.67 | $10.90 | $2.95 | $5.61 | $2.85 | $5.57 |
| Graham net-net per share | −$0.60 | −$0.78 | −$1.61 | −$0.81 | −$0.23 | $0.56 | −$1.52 | $0.07 | −$0.59 | −$0.49 |
| Capital allocation | ||||||||||
| Dividends paid | $10.9M | $10.9M | $11.4M | $11.6M | $10.9M | $8.4M | $6.7M | $5.8M | $5.8M | $5.8M |
| Share buybacks (net) | $30.6M | $14.3M | $18.3M | $38.1M | $41.8M | $17.4M | $8.0M | $14.3M | $25.6M | $29.4M |
| Dividend payout ratio | 122.1% | 71.2% | 129.8% | 40.6% | 32.2% | 31.0% | 169.0% | 42.7% | 143.0% | 35.5% |
| Dividends + buybacks / free cash flow | 181.5% | 229.9% | 332.3% | 730.8% | 114.2% | 69.8% | 69.4% | 82.8% | 193.5% | 208.4% |
| Capex / revenue | 2.6% | 10.0% | 2.4% | 0.5% | 0.5% | 0.7% | 1.0% | 0.8% | 1.0% | 1.0% |
| Capex / operating cash flow | 22.0% | 68.9% | 40.1% | 18.0% | 2.5% | 4.0% | 8.4% | 5.2% | 8.9% | 8.1% |
| Capex / depreciation | 1.53 | 6.25 | 2.30 | 0.50 | 0.48 | 0.67 | 0.95 | 0.58 | 0.65 | 0.51 |
| Stock-based compensation / revenue | 2.7% | 3.4% | 4.7% | 5.5% | 5.7% | 4.0% | 2.6% | 1.9% | 1.5% | 1.7% |
| R&D / revenue | 21.4% | 21.5% | 23.4% | 21.8% | 21.5% | 20.9% | 20.6% | 19.7% | 19.4% | 20.0% |
| SG&A / revenue | 37.9% | 36.7% | 35.5% | 31.8% | 31.3% | 29.6% | 31.6% | 33.8% | 36.9% | 35.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 91.7 | 80.7 | 80.3 | 76.0 | 67.9 | 55.9 | 55.8 | 56.9 | 64.7 | 73.8 |
| Days of inventory on hand | 113.6 | 163.8 | 170.4 | 114.4 | 124.4 | 147.8 | 89.4 | 110.9 | 101.9 | 105.6 |
| Days payables outstanding | 29.6 | 32.8 | 40.1 | 36.4 | 34.7 | 35.0 | 22.2 | 32.9 | 41.4 | 47.9 |
| Cash conversion cycle (days) | 175.6 | 211.8 | 210.6 | 154.0 | 157.6 | 168.7 | 123.0 | 134.9 | 125.3 | 131.5 |
| Receivables turnover | 3.98 | 4.52 | 4.54 | 4.80 | 5.37 | 6.53 | 6.54 | 6.42 | 5.64 | 4.95 |
| Payables turnover | 12.32 | 11.13 | 9.11 | 10.03 | 10.51 | 10.43 | 16.44 | 11.10 | 8.82 | 7.62 |
| Inventory turnover | 3.21 | 2.23 | 2.14 | 3.19 | 2.93 | 2.47 | 4.08 | 3.29 | 3.58 | 3.46 |
| Asset turnover | 0.75 | 0.72 | 0.74 | 0.82 | 0.70 | 0.73 | 0.95 | 1.02 | 0.88 | 0.77 |
| Average receivables | $61.7M | $53.6M | $53.8M | $57.3M | $46.3M | $33.8M | $30.6M | $27.5M | $27.8M | $29.4M |
| Average payables | $7.0M | $7.5M | $9.4M | $9.6M | $7.4M | $6.8M | $6.4M | $5.9M | $6.7M | $7.5M |
| Average inventory | $26.7M | $37.7M | $40.2M | $30.2M | $26.6M | $28.7M | $25.8M | $19.9M | $16.4M | $16.6M |
| Intangibles / total assets | 23.3% | 11.3% | 11.4% | 12.1% | 11.4% | 10.3% | 15.2% | 21.3% | 22.4% | 20.9% |
Computed from AUDC's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AUDC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), AudioCodes traded at 28.3 times earnings, against a 10-year median of 30.8. Based on the latest twelve months, the trailing P/E is 44.8 and the forward P/E is 13.1. AudioCodes earned a return on equity of 4.9% and a return on invested capital of 5.6% in fiscal 2025. It ended the year with $69.3 million of debt and $72.9 million in cash and short-term investments, a net cash position of $3.5 million. It returned $41.5 million to shareholders: $10.9 million in dividends and $30.6 million in share buybacks, 181% of free cash flow. The share count fell 19.0% from 35.8M to 29.0M over 9 years.
See the AUDC income statement, the AUDC chart for price history, or the AUDC stock overview for the latest quote and news.
AUDC key metrics FAQ
What is AudioCodes's P/E ratio?
AudioCodes's trailing P/E ratio is 44.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.1. At the end of fiscal 2025 it was 28.3, compared with a 10-year median of 30.8.
What is AudioCodes's EV/EBITDA?
AudioCodes's enterprise value was 13.9 times EBITDA at the end of fiscal 2025 (enterprise value $249.5 million, EBITDA $18.0 million); the current EV/EBITDA is 12.3.
What is AudioCodes's return on equity?
AudioCodes's return on equity (ROE) was 4.9% in fiscal 2025: net income of $9.0 million on average shareholders' equity of $181.6 million.
What is AudioCodes's ROIC?
AudioCodes's return on invested capital was 5.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AudioCodes have?
AudioCodes had total debt of $69.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.40 and more cash than debt.
What is AudioCodes's dividend yield?
AudioCodes's forward dividend yield is 3.57%. AudioCodes paid $10.9 million in dividends in fiscal 2025 ($0.38 per share), a payout ratio of 122.1%.
Does AudioCodes buy back its shares?
Yes. AudioCodes spent $30.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.4% over the year, to 29.0M..
What is AudioCodes's free cash flow yield?
AudioCodes generated $22.9 million of free cash flow in fiscal 2025, a free cash flow yield of 9.0% on its market value at year-end ($253.0 million).
What is AudioCodes's current ratio?
AudioCodes's current ratio was 2.21 at the end of fiscal 2025: current assets were 2.21 times current liabilities.