Extreme Networks, Inc. (EXTR) Key Metrics
EXTR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.87B
- Enterprise value
- $2.89B
- P/E (TTM)
- 70.1 10-yr median 71.8
- Forward P/E
- 16.2
- PEG ratio
- 0.81
- Price / sales
- 2.2 10-yr median 1.5
- Price / book
- 32.9 10-yr median 28.0
- EV / EBITDA
- 34.3 10-yr median 26.6
- Dividend yield
- —
- Beta
- 1.76
EXTR key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsEXTR valuation Price multiples at each fiscal year-end price.
EXTR returns How much profit the business earns on the capital it uses.
EXTR per-share figures Results divided by the shares outstanding at year-end.
EXTR financial health Debt, liquidity and how easily interest is covered.
EXTR efficiency & capital use Working capital cycle and where the cash goes.
EXTR valuation history
EXTR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EXTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EXTR cash returned to shareholders
EXTR price vs earnings per share
EXTR key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.17B | $2.38B | $1.74B | $3.48B | $1.19B | $1.42B | $520.0M | $763.2M | $909.2M | $998.3M |
| Enterprise value | $4.15B | $2.37B | $1.83B | $3.52B | $1.36B | $1.59B | $825.9M | $772.3M | $985.8M | $960.5M |
| P/E ratio | 99.0 | — | — | 44.6 | 26.9 | 735.9 | — | — | — | — |
| Price / sales | 3.2 | 2.1 | 1.6 | 2.7 | 1.1 | 1.4 | 0.5 | 0.8 | 0.9 | 1.6 |
| Price / book | 47.1 | 36.2 | 68.8 | 29.8 | 13.2 | 26.2 | 96.3 | 6.6 | 8.1 | 9.4 |
| Price / free cash flow | 43.8 | 18.7 | 46.5 | 14.8 | 10.6 | 11.2 | 25.2 | 9.3 | — | 20.4 |
| Price / operating cash flow | 33.9 | 15.6 | 31.3 | 14.0 | 9.3 | 9.9 | 14.5 | 7.3 | 47.7 | 16.8 |
| EV / sales | 3.2 | 2.1 | 1.6 | 2.7 | 1.2 | 1.6 | 0.9 | 0.8 | 1.0 | 1.6 |
| EV / EBITDA | 49.1 | 60.0 | — | 24.1 | 12.9 | 18.0 | — | 19.5 | 60.4 | 29.1 |
| EV / free cash flow | 43.6 | 18.6 | 49.0 | 15.0 | 12.1 | 12.5 | 40.1 | 9.4 | — | 19.7 |
| Earnings yield | 1.0% | −0.3% | −4.9% | 2.2% | 3.7% | 0.1% | −24.4% | −3.4% | −5.1% | −0.2% |
| Free cash flow yield | 2.3% | 5.4% | 2.1% | 6.8% | 9.5% | 8.9% | 4.0% | 10.8% | −2.4% | 4.9% |
| Dividend yield | — | — | — | 0.9% | — | — | 48.9% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.1% | 1.6% | 2.9% | 3.7% | 3.8% | 0.0% | 54.7% | 2.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $32.37 | $17.95 | $13.45 | $26.05 | $8.92 | $11.16 | $4.34 | $6.47 | $7.96 | $9.22 |
| Per share | ||||||||||
| Revenue per share | $9.96 | $8.62 | $8.64 | $9.82 | $8.33 | $7.91 | $7.91 | $8.44 | $8.61 | $5.61 |
| Earnings per share | $0.33 | −$0.06 | −$0.66 | $0.58 | $0.33 | $0.02 | −$1.06 | −$0.22 | −$0.41 | −$0.02 |
| Operating cash flow per share | $0.96 | $1.15 | $0.43 | $1.86 | $0.96 | $1.13 | $0.30 | $0.89 | $0.17 | $0.55 |
| Free cash flow per share | $0.74 | $0.96 | $0.29 | $1.76 | $0.84 | $1.00 | $0.17 | $0.70 | −$0.19 | $0.45 |
| Cash per share | $1.64 | $1.75 | $1.21 | $1.76 | $1.46 | $1.93 | $1.62 | $1.44 | $1.06 | $1.20 |
| Book value per share | $0.69 | $0.50 | $0.20 | $0.87 | $0.68 | $0.43 | $0.05 | $0.98 | $0.99 | $0.99 |
| Tangible book value per share | −$2.42 | −$2.57 | −$2.93 | −$2.20 | −$2.56 | −$2.45 | −$3.29 | −$0.62 | −$0.91 | $0.01 |
| Dividends per share | — | — | — | $0.23 | — | — | $2.12 | — | $0.00 | $0.00 |
| Capex per share | $0.22 | $0.19 | $0.14 | $0.10 | $0.12 | $0.13 | $0.13 | $0.19 | $0.35 | $0.10 |
| Debt per share | $1.51 | $1.69 | $1.93 | $2.06 | $2.73 | $3.21 | $4.17 | $1.52 | $1.73 | $0.86 |
| Shares outstanding | 128.9M | 132.3M | 129.3M | 133.6M | 133.5M | 127.7M | 119.8M | 118.0M | 114.2M | 108.3M |
| Change in shares outstanding | −2.6% | +2.4% | −3.3% | +0.1% | +4.6% | +6.6% | +1.6% | +3.3% | +5.5% | +5.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 54.6% | −16.4% | −121.0% | 75.4% | 61.1% | 6.5% | −209.0% | −22.6% | −42.6% | −1.8% |
| Return on invested capital (ROIC) | 80.4% | 10.5% | −16.5% | 44.3% | 25.9% | 6.5% | −35.8% | −7.4% | −23.4% | 5.0% |
| Return on assets (ROA) | 3.6% | −0.7% | −7.9% | 7.1% | 4.3% | 0.2% | −14.6% | −3.4% | −7.5% | −0.4% |
| Return on tangible assets | 5.4% | −1.0% | −13.5% | 10.7% | 7.0% | 0.3% | −21.9% | −4.6% | −8.4% | −0.5% |
| Free cash flow margin | 7.4% | 11.2% | 3.3% | 17.9% | 10.1% | 12.6% | 2.2% | 8.3% | −2.2% | 8.0% |
| Income quality (OCF / net income) | 2.92 | — | — | 3.19 | 2.90 | 74.66 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $194.6M | $223.4M | $250.2M | $275.5M | $365.1M | $409.6M | $499.7M | $178.8M | $197.8M | $92.7M |
| Cash & short-term investments | $211.8M | $231.7M | $156.7M | $234.8M | $194.5M | $246.9M | $193.9M | $169.6M | $121.1M | $130.4M |
| Net debt | −$17.2M | −$8.3M | $93.5M | $40.6M | $170.6M | $162.7M | $305.9M | $9.1M | $76.6M | −$37.7M |
| Debt / equity | 2.20 | 3.41 | 9.89 | 2.36 | 4.04 | 7.52 | 92.58 | 1.54 | 1.75 | 0.87 |
| Debt / assets | 0.17 | 0.19 | 0.24 | 0.24 | 0.34 | 0.41 | 0.51 | 0.24 | 0.26 | 0.19 |
| Net debt / EBITDA | −0.20 | −0.21 | — | 0.28 | 1.62 | 1.84 | — | 0.23 | 4.69 | −1.14 |
| Current ratio | 0.93 | 0.91 | 0.90 | 1.00 | 0.98 | 1.07 | 1.04 | 1.24 | 1.19 | 1.27 |
| Quick ratio | 0.81 | 0.74 | 0.63 | 0.85 | 0.88 | 1.00 | 0.88 | 1.06 | 1.01 | 1.09 |
| Interest coverage | 4.6 | 1.2 | -1.7 | 6.4 | 5.7 | 1.5 | -4.2 | -1.2 | -2.7 | 1.5 |
| Working capital | −$42.9M | −$52.6M | −$50.7M | $657,000 | −$11.1M | $31.9M | $16.4M | $86.0M | $68.0M | $69.1M |
| Invested capital | $71.4M | $57.3M | $118.7M | $157.4M | $260.9M | $217.2M | $311.3M | $125.1M | $189.3M | $69.0M |
| Tangible asset value | −$312.2M | −$340.5M | −$379.0M | −$294.1M | −$342.3M | −$312.7M | −$394.2M | −$73.7M | −$103.4M | $1.2M |
| Net current asset value | −$539.4M | −$552.3M | −$550.4M | −$448.8M | −$489.1M | −$468.0M | −$559.5M | −$198.9M | −$229.6M | −$51.7M |
| Graham number | $2.25 | — | — | $3.39 | $2.25 | $0.38 | — | — | — | — |
| Graham net-net per share | −$5.58 | −$5.36 | −$5.59 | −$4.56 | −$4.65 | −$4.50 | −$5.48 | −$2.62 | −$3.02 | −$1.42 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $30.1M | — | — | $254.5M | — | $0 | $0 |
| Share buybacks (net) | $87.0M | $38.0M | $49.9M | $99.9M | $45.0M | $0 | $30.0M | $15.0M | $0 | $0 |
| Dividend payout ratio | — | — | — | 38.6% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 91.3% | 29.8% | 133.4% | 55.2% | 39.9% | 0.0% | — | 18.2% | — | 0.0% |
| Capex / revenue | 2.2% | 2.2% | 1.6% | 1.1% | 1.4% | 1.7% | 1.6% | 2.3% | 4.1% | 1.7% |
| Capex / operating cash flow | 22.7% | 16.3% | 32.7% | 5.5% | 12.0% | 11.9% | 42.5% | 21.7% | 212.2% | 17.6% |
| Capex / depreciation | 1.46 | 1.29 | 0.62 | 0.40 | 0.38 | 0.31 | 0.24 | 0.43 | 0.82 | 0.40 |
| Stock-based compensation / revenue | 6.9% | 7.2% | 6.9% | 4.8% | 3.9% | 3.9% | 4.0% | 3.3% | 2.8% | 2.1% |
| R&D / revenue | 18.2% | 19.4% | 19.0% | 16.3% | 17.1% | 19.5% | 22.1% | 21.1% | 18.7% | 15.4% |
| SG&A / revenue | 38.1% | 41.0% | 39.9% | 32.5% | 32.6% | 34.0% | 36.4% | 34.2% | 32.4% | 33.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.4 | 34.6 | 44.4 | 50.9 | 55.9 | 50.5 | 57.2 | 70.9 | 56.7 | 52.5 |
| Days of inventory on hand | 63.7 | 103.2 | 86.3 | 45.2 | 31.1 | 41.1 | 53.5 | 52.3 | 44.6 | 57.4 |
| Days payables outstanding | 56.6 | 48.9 | 56.7 | 60.2 | 54.7 | 46.7 | 48.4 | 58.0 | 43.6 | 41.2 |
| Cash conversion cycle (days) | 48.5 | 88.9 | 74.0 | 35.9 | 32.3 | 44.8 | 62.3 | 65.2 | 57.7 | 68.7 |
| Receivables turnover | 8.81 | 10.55 | 8.23 | 7.17 | 6.53 | 7.23 | 6.38 | 5.15 | 6.44 | 6.96 |
| Payables turnover | 6.45 | 7.47 | 6.44 | 6.06 | 6.68 | 7.82 | 7.54 | 6.29 | 8.36 | 8.86 |
| Inventory turnover | 5.73 | 3.54 | 4.23 | 8.07 | 11.75 | 8.89 | 6.82 | 6.98 | 8.18 | 6.36 |
| Asset turnover | 1.10 | 1.04 | 1.02 | 1.19 | 1.07 | 1.01 | 1.09 | 1.30 | 1.57 | 1.41 |
| Average receivables | $145.7M | $108.1M | $135.8M | $183.1M | $170.3M | $139.6M | $148.6M | $193.4M | $152.8M | $87.3M |
| Average payables | $76.7M | $57.7M | $75.6M | $92.0M | $72.2M | $54.3M | $57.1M | $70.7M | $53.6M | $31.1M |
| Average inventory | $86.3M | $121.8M | $115.0M | $69.1M | $41.1M | $47.7M | $63.1M | $63.7M | $54.9M | $43.4M |
| Intangibles / total assets | 34.0% | 35.2% | 38.8% | 36.0% | 40.5% | 36.4% | 40.8% | 25.1% | 28.1% | 21.8% |
Computed from EXTR's annual financial statements (latest annual report filed August 17, 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.
EXTR valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Extreme Networks traded at 99.0 times earnings, against a 10-year median of 71.8. Based on the latest twelve months, the trailing P/E is 70.1 and the forward P/E is 16.2. Extreme Networks earned a return on equity of 54.6% and a return on invested capital of 80.4% in fiscal 2026. It ended the year with $194.6 million of debt and $211.8 million in cash and short-term investments, a net cash position of $17.2 million. It returned $87.0 million to shareholders: $0 in dividends and $87.0 million in share buybacks, 91% of free cash flow. The share count rose 19.0% from 108.3M to 128.9M over 9 years.
See the EXTR income statement, the EXTR chart for price history, or the EXTR stock overview for the latest quote and news.
EXTR key metrics FAQ
What is Extreme Networks's P/E ratio?
Extreme Networks's trailing P/E ratio is 70.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.2. At the end of fiscal 2026 it was 99.0, compared with a 10-year median of 71.8.
What is Extreme Networks's EV/EBITDA?
Extreme Networks's enterprise value was 49.1 times EBITDA at the end of fiscal 2026 (enterprise value $4.2 billion, EBITDA $84.6 million); the current EV/EBITDA is 34.3.
What is Extreme Networks's return on equity?
Extreme Networks's return on equity (ROE) was 54.6% in fiscal 2026: net income of $42.1 million on average shareholders' equity of $77.1 million.
What is Extreme Networks's ROIC?
Extreme Networks's return on invested capital was 80.4% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Extreme Networks have?
Extreme Networks had total debt of $194.6 million at the end of fiscal 2026, a debt-to-equity ratio of 2.20 and more cash than debt.
Does Extreme Networks buy back its shares?
Yes. Extreme Networks spent $87.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −2.6% over the year, to 128.9M..
What is Extreme Networks's free cash flow yield?
Extreme Networks generated $95.2 million of free cash flow in fiscal 2026, a free cash flow yield of 2.3% on its market value at year-end ($4.2 billion).
What is Extreme Networks's current ratio?
Extreme Networks's current ratio was 0.93 at the end of fiscal 2026: current assets were 0.93 times current liabilities.